Brown & Brown (BRO) Shares Decline Due to Slowing Organic Growth

Parnassus Mid Cap Fund highlighted Brown & Brown, Inc. (NYSE:BRO) in its Q4 2025 investor letter, stating that the insurance brokerage declined due to slowing organic growth caused by the property and casualty insurance pricing cycle turning down. The fund sold its position in BRO, citing softer pricing for property and casualty insurance. BRO's shares lost 47.51% over the past 52 weeks and have a market capitalization of $22.199 billion.