Broker stocks fall from five-year highs and multiples compress as the cycle turns
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Broker stocks fall from five-year highs and multiples compress as the cycle turns

Investors recalibrate their expectations for the segment as the soft market approaches.

By Noah Marchese Amit Kumar Henry Meiners
December 09, 2025
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Over the past few months, we have discussed the normalization of growth and investor expectation reset that has been taking place within the publicly traded...

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Research Commercial lines Brokers Marsh McLennan Aon WTW Brown & Brown AJ Gallagher
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