Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Brown & Brown, Inc. (BRO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$8,641,088
J. Powell Brown total, FY2025
20th
CEO pay percentile vs peers
117:1
CEO-to-median pay ratio
85%
Say-on-pay support, latest vote
Companies that benchmark against BRO
9 companies name BRO as a compensation peer

Each company listed discloses BRO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BRO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
J. Powell Brown$1,250,000$1,000,000$2,958,773$0$3,048,000$0$384,315$8,641,088
Chief Executive Officer and President
Stephen P. Hearn720,932506,7491,520,32901,103,1930123,8663,975,069
Executive Vice President, Chief Operating Officer and President Retail Segment
R. Andrew Watts800,000750,0001,282,0540813,000095,9733,741,027
Chief Financial Officer, Executive Vice President and Treasurer
P. Barrett Brown1,000,000500,000690,27701,248,000056,7773,495,054
Executive Vice President
Chris L. Walker900,000400,000887,61001,138,000070,4253,396,035
Executive Vice President and Chairman Specialty Distribution Segment

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
J. Powell Brown$8,641,088$11,678,777$9,786,745−3,037,689
Stephen P. Hearn3,975,069
R. Andrew Watts3,741,0274,063,0863,268,858−322,059
P. Barrett Brown3,495,0544,104,911−609,857
Chris L. Walker3,396,0354,684,101−1,288,066

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
H. Palmer Proctor, JrDirector2026-05-05A2,000$57$114,200CommonForm 4 ↗
H. Palmer Proctor, JrDirector2026-05-05A2,43400CommonForm 4 ↗
Paul J. KrumpDirector2026-05-06A2,43400CommonForm 4 ↗
Kathleen A. SavioDirector2026-05-06A2,43400CommonForm 4 ↗
Timothy R.M. MainDirector2026-05-06A2,43400CommonForm 4 ↗
Toni JenningsDirector2026-05-06A2,43400CommonForm 4 ↗
Lawrence L. Gellerstedt IIIDirector2026-05-06A2,43400CommonForm 4 ↗
Joia M. JohnsonDirector2026-05-06A2,43400CommonForm 4 ↗
Bronislaw E. MasojadaDirector2026-05-06A2,43400CommonForm 4 ↗
James S. HuntDirector2026-05-06A2,43400CommonForm 4 ↗
Wendell S. ReillyDirector2026-05-06A2,43400CommonForm 4 ↗
Jaymin B. PatelDirector2026-05-06A2,43400CommonForm 4 ↗
Theodore J. HoepnerDirector2026-05-06A2,43400CommonForm 4 ↗
Joia M. JohnsonDirector2026-06-09A8605849,923CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Stephen P. HearnPSU2025-03-0309,74619,492$1,135,312
J. Powell BrownRSU2025-02-246,713749,909
Stephen P. HearnRSU2025-03-033,248385,018
J. Powell BrownPSU2025-02-24020,14140,2822,208,863
R. Andrew WattsRSU2025-02-242,909324,964
R. Andrew WattsPSU2025-02-2408,72717,454957,090
P. Barrett BrownPSU2025-02-2404,6999,398515,339
Chris L. WalkerRSU2025-02-242,014224,984
P. Barrett BrownRSU2025-02-241,566174,938
Chris L. WalkerPSU2025-02-2406,04212,084662,626
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Stephen P. Hearn$385,018$1,135,312$074.7%
J. Powell Brown749,9092,208,863074.7%
R. Andrew Watts324,964957,090074.7%
P. Barrett Brown174,938515,339074.7%
Chris L. Walker224,984662,626074.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Chris L. WalkerRSU1,814$144,576
R. Andrew WattsRSU3,930313,221
Chris L. WalkerPSU6,042481,547
R. Andrew WattsRSU27,6082,200,358
Chris L. WalkerRSU28,4572,268,023
R. Andrew WattsRSU28,4572,268,023
BrownRSU11,338903,639
Chris L. WalkerRSU2,167172,710
Chris L. WalkerRSU13,0041,036,419
BrownRSU2,167172,710
BrownRSU28,4572,268,023
BrownRSU12,6981,012,031
Chris L. WalkerRSU10,884867,455
BrownRSU9,070722,879
Chris L. WalkerRSU8,772699,128
BrownPSU4,699374,510
Stephen P. HearnRSU3,248258,866
Chris L. WalkerRSU2,706215,668
BrownRSU2,116168,645
Chris L. WalkerRSU2,014160,516
BrownRSU299,26423,851,341
Chris L. WalkerRSU1,462116,521
Chris L. WalkerRSU11,338903,639
BrownRSU78,0306,218,991
R. Andrew WattsRSU23,5821,879,485
BrownRSU13,0041,036,419
Chris L. WalkerRSU3,248258,866
BrownRSU1,889150,553
Chris L. WalkerRSU1,889150,553
BrownRSU68,0365,422,469
BrownRSU54,4204,337,274
BrownRSU32,0002,550,400
R. Andrew WattsRSU26,0102,072,997
BrownRSU11,339903,718
Stephen P. HearnPSU9,746776,756
R. Andrew WattsPSU8,727695,542
BrownRSU6,713535,026
R. Andrew WattsRSU4,601366,700
R. Andrew WattsRSU4,335345,500
R. Andrew WattsRSU2,645210,807
BrownRSU13,0051,036,499
BrownRSU2,706215,668
R. Andrew WattsRSU2,909231,847
BrownRSU1,566124,810
BrownRSU97,4447,766,287
BrownPSU20,1411,605,238
BrownRSU16,2401,294,328
R. Andrew WattsRSU15,8471,265,158
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation system is intended to: Attract and Retain High-quality people that are crucial to both the short-term and long-term success of the Company, Compensate for Performance Linked to our strategic objectives through the use of incentive compensation programs, Create a Common Interest Between our executive officers and shareholders through compensation structures that promote the sharing of the rewards and risks of strategic decision-making

CEO STI target (% of salary)300%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-06240,765,55642,472,5121,046,37785%Passed
20252025-05-07233,430,8958,292,4831,076,89096.57%Passed
20242024-05-08228,748,62410,177,7113,656,23295.74%Passed
20232023-05-03227,373,1909,955,8643,704,32795.81%Passed
20222022-05-04232,877,4759,991,983163,40895.89%Passed
20212021-05-05235,032,0267,599,935219,92496.87%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0685%a
20252025-05-0796.57%b
20242024-05-0895.74%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)117 : 1
CEO total compensation$8,641,088
Median employee compensation$74,010
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
H. Palmer Proctor, JrIndependent · Lead Independent Director · Nominating/Corporate Governance (Chair)$142,500$139,962$0$0$0$282,462
Lawrence L. Gellerstedt IIIIndependent · Acquisition · Compensation (Chair)132,500139,962000272,462
Jaymin B. PatelIndependent · Audit (Chair)132,500139,962000272,462
Paul J. KrumpIndependent · Acquisition (Chair) · Audit132,500139,962000272,462
Timothy R.M. MainIndependent · Acquisition107,500139,962000247,462
Theodore J. HoepnerIndependent · Nominating/Corporate Governance107,500139,962000247,462
Kathleen A. SavioIndependent · Audit · Compensation107,500139,962000247,462
Wendell S. ReillyIndependent · Acquisition · Nominating/Corporate Governance107,500139,962000247,462
James S. HuntIndependent · Acquisition · Audit107,500139,962000247,462
Bronislaw E. MasojadaIndependent · Audit · Compensation107,500139,962000247,462
Toni JenningsIndependent · Compensation · Nominating/Corporate Governance107,500139,962000247,462
Joia M. JohnsonIndependent · Newly elected27,50000027,500
Chilton D. VarnerIndependent · Not standing for re-election · Departed during FY25,00000025,000
J. Powell BrownEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,345,000
Equity awards (grant-date value)$1,539,582
All other compensation$0
Total cost of the board$2,884,582

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Brown & Brown, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Brown & Brown, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Moody’s Corporation2025Robert Fauber$1,100,000$11,359,903$2,840,080$2,226,000$18,082,565
2W.R. Berkley Corporation2025W. Robert Berkley, Jr.1,097,8003,850,038011,176,03016,823,866
3American Financial Group, Inc.2025Carl Lindner III1,250,0001,500,00906,454,77011,042,543
4The Hanover Insurance Group, Inc.2025John Roche1,138,4624,603,5571,400,0233,220,00010,486,571
5Brown & Brown, Inc.2025J. Powell Brown1,250,0002,958,77303,048,0008,641,088
6First American Financial Corporation2025Mark Seaton907,8274,800,87002,556,0008,281,947

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Brown & Brown, Inc.81%PSU 75 · RSU 25NoFW Cook
American Financial Group, Inc.101.1%RSU 100NoPay Governance LLC
First American Financial Corporation142%RSU 50 · PSU 50NoSemler Brossy Consulting Group, LLC
Moody’s Corporation101%PSU 60 · RSU 20 · Options 20NoMeridian Compensation Partners
The Hanover Insurance Group, Inc.140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
W.R. Berkley Corporationnot disclosednot disclosedNoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Brown & Brown, Inc. in fiscal 2025?
J. Powell Brown, Chief Executive Officer and President, was the highest-paid executive at Brown & Brown, Inc. in fiscal 2025 with total compensation of $8,641,088.
How does Brown & Brown, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay falls at the 20th percentile of the disclosed peer group.
What is Brown & Brown, Inc.'s CEO-to-median employee pay ratio?
The filing shows a CEO-to-median employee pay ratio of 117:1.
How did shareholders vote on Brown & Brown, Inc.'s executive compensation?
Shareholders voted in favor of the executive compensation plan with 85% support.
How much does Brown & Brown, Inc. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $2,884,582.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, J. Powell BrownDEF 14A2026-03-240001193125-26-122172Section “Summary Compensation Table 2023-2025”. As printed: 8,641,088. Filing ↗machine: t175 · r3 · c34 · span 1145470–1145479
2Section 01, Stephen P. HearnDEF 14A2026-03-240001193125-26-122172Section “Summary Compensation Table 2023-2025”. As printed: 3,975,069. Filing ↗machine: r15 · c34 · span 1173219–1173228
3Section 01, R. Andrew WattsDEF 14A2026-03-240001193125-26-122172Section “Summary Compensation Table 2023-2025”. As printed: 3,741,027. Filing ↗machine: r7 · c34 · span 1154771–1154780
4Section 01, P. Barrett BrownDEF 14A2026-03-240001193125-26-122172Section “Summary Compensation Table”. As printed: 3,495,054. Filing ↗machine: r11 · c34 · span 1145470–1145479
5Section 01, Chris L. WalkerDEF 14A2026-03-240001193125-26-122172Section “Summary Compensation Table 2023-2025”. As printed: 3,396,035. Filing ↗machine: r18 · c34 · span 1179486–1179495
6Section 03, Stephen P. Hearn PSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r24 · c39 · span 1306941–1306950
7Section 03, J. Powell Brown RSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r8 · c39 · span 1283824–1283831
8Section 03, Stephen P. Hearn RSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r26 · c39 · span 1310895–1310902
9Section 03, J. Powell Brown PSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r6 · c39 · span 1279869–1279878
10Section 03, R. Andrew Watts RSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r14 · c39 · span 1292785–1292792
11Section 03, R. Andrew Watts PSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r12 · c39 · span 1288832–1288839
12Section 03, P. Barrett Brown PSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r18 · c39 · span 1297793–1297800
13Section 03, Chris L. Walker RSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r32 · c39 · span 1319856–1319863
14Section 03, P. Barrett Brown RSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r20 · c39 · span 1301746–1301753
15Section 03, Chris L. Walker PSUDEF 14A2026-03-240001193125-26-122172Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t192 · r30 · c39 · span 1315903–1315910
16Section 07, pay ratioDEF 14A2026-03-240001193125-26-122172Section “CEO Pay Ratio”. As printed: 117 : 1. Filing ↗machine: t242 · r0 · c2 · span 1656434–1656437
17Section 08, H. Palmer Proctor, JrDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 282,462. Filing ↗machine: t44 · r23 · c15 · span 581568–581575
18Section 08, Lawrence L. Gellerstedt IIIDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 272,462. Filing ↗machine: t44 · r5 · c15 · span 560385–560392
19Section 08, Jaymin B. PatelDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 272,462. Filing ↗machine: t44 · r21 · c15 · span 579219–579226
20Section 08, Paul J. KrumpDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 272,462. Filing ↗machine: t44 · r15 · c15 · span 572185–572192
21Section 08, Timothy R.M. MainDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r17 · c15 · span 574529–574536
22Section 08, Theodore J. HoepnerDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r7 · c15 · span 562731–562738
23Section 08, Kathleen A. SavioDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r29 · c15 · span 588692–588699
24Section 08, Wendell S. ReillyDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r25 · c15 · span 583912–583919
25Section 08, James S. HuntDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r9 · c15 · span 565071–565078
26Section 08, Bronislaw E. MasojadaDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r19 · c15 · span 576877–576884
27Section 08, Toni JenningsDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 247,462. Filing ↗machine: t44 · r11 · c15 · span 567411–567418
28Section 08, Joia M. JohnsonDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 27,500. Filing ↗machine: t44 · r13 · c3 · span 568499–568505
29Section 08, Chilton D. VarnerDEF 14A2026-03-240001193125-26-122172Section “Director Compensation”. As printed: 25,000. Filing ↗machine: t44 · r27 · c3 · span 585002–585008
30Section 08, J. Powell BrownDEF 14A2025-03-240001193125-25-061457Section “Director Compensation”. As printed: 0. Filing ↗
31Section 02, H. Palmer Proctor, Jr 2026-05-05Form 42026-05-060001193125-26-209308Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, H. Palmer Proctor, Jr 2026-05-05Form 42026-05-060001193125-26-209308Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Paul J. Krump 2026-05-06Form 42026-05-060001193125-26-209309Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kathleen A. Savio 2026-05-06Form 42026-05-060001193125-26-209303Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Timothy R.M. Main 2026-05-06Form 42026-05-060001193125-26-209297Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Toni Jennings 2026-05-06Form 42026-05-060001193125-26-209305Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Lawrence L. Gellerstedt III 2026-05-06Form 42026-05-060001193125-26-209302Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Joia M. Johnson 2026-05-06Form 42026-05-060001193125-26-209301Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Bronislaw E. Masojada 2026-05-06Form 42026-05-060001193125-26-209300Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, James S. Hunt 2026-05-06Form 42026-05-060001193125-26-209299Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Wendell S. Reilly 2026-05-06Form 42026-05-060001193125-26-209298Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jaymin B. Patel 2026-05-06Form 42026-05-060001193125-26-209306Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Theodore J. Hoepner 2026-05-06Form 42026-05-060001193125-26-209304Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Joia M. Johnson 2026-06-09Form 42026-06-100001193125-26-266017Insider equity transaction reported since the proxy statement. Filing ↗
45Section 06, 2026 voteForm 8-K2026-05-070001193125-26-212338Item 5.07 · say-on-pay result. As reported: 85% (votes for as printed: 240,765,556). Filing ↗
46Section 06, 2025 voteForm 8-K2025-05-120000950170-25-069437Item 5.07 · say-on-pay result. As reported: 96.57% (votes for as printed: 233,430,895). Filing ↗
47Section 06, 2024 voteForm 8-K2024-05-100000950170-24-057368Item 5.07 · say-on-pay result. As reported: 95.74% (votes for as printed: 228,748,624). Filing ↗
48Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
49Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
50Section 09b board cost (computed)ComputedcomputedCash 1,345,000 + equity 1,539,582 + all other 0 = 2,884,582, summed across the director compensation table rows.machine: formula: Σ = 2,884,582
51Moody’s Corporation, Section 10b CEO totalDEF 14A2026-03-040001059556-26-000019CEO total compensation as printed in Moody’s Corporation's own proxy. As printed: 18,082,565. Filing ↗machine: r3 · c45 · span 978840–978850
52W.R. Berkley Corporation, Section 10b CEO totalDEF 14A2026-04-220001193125-26-170583CEO total compensation as printed in W.R. Berkley Corporation's own proxy. As printed: 16,823,866. Filing ↗machine: t411 · r4 · c21 · span 915307–915317
53American Financial Group, Inc., Section 10b CEO totalDEF 14A2026-04-030001140361-26-013118CEO total compensation as printed in American Financial Group, Inc.'s own proxy. As printed: 11,042,543. Filing ↗machine: t205 · r2 · c19 · span 956069–956079
54The Hanover Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-125009CEO total compensation as printed in The Hanover Insurance Group, Inc.'s own proxy. As printed: 10,486,571. Filing ↗machine: t68 · r4 · c7 · span 1352246–1352256
55Brown & Brown, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-240001193125-26-122172CEO total compensation as printed in Brown & Brown, Inc.'s own proxy. As printed: 8,641,088. Filing ↗machine: t175 · r3 · c34 · span 1145470–1145479
56First American Financial Corporation, Section 10b CEO totalDEF 14A2026-03-300001193125-26-130349CEO total compensation as printed in First American Financial Corporation's own proxy. As printed: 8,281,947. Filing ↗machine: t120 · r3 · c36 · span 1481750–1481759
57Section 10a, The Hanover Insurance Group, Inc. reciprocityDEF 14A0001193125-26-125009The Hanover Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Brown & Brown, Inc.. Filing ↗
58Section 10a, First American Financial Corporation reciprocityDEF 14A0001193125-26-130349First American Financial Corporation's most recent proxy was read; its disclosed peer group does not include Brown & Brown, Inc.. Filing ↗
59Section 10a, Moody’s Corporation reciprocityDEF 14A0001059556-26-000019Moody’s Corporation's most recent proxy was read; its disclosed peer group does not include Brown & Brown, Inc.. Filing ↗
60Section 10a, American Financial Group, Inc. reciprocityDEF 14A0001140361-26-013118American Financial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Brown & Brown, Inc.. Filing ↗
61Section 10a, W.R. Berkley Corporation reciprocityDEF 14A0001193125-26-170583W.R. Berkley Corporation's most recent proxy was read; its disclosed peer group does not include Brown & Brown, Inc.. Filing ↗