Q2 2026 Brown & Brown Inc Earnings Call Transcript
Key Points
- Brown & Brown Inc (BRO) reported a 30.4% increase in total revenues for the second quarter, reaching $1.7 billion.
- The company achieved a 4% growth in adjusted earnings per share, reaching $1.07.
- Brown & Brown Inc (BRO) continues to focus on strategic acquisitions, having acquired six small agencies during the quarter.
- The company is leveraging partnerships with McKinsey, Accenture, and Anthropic to enhance its AI capabilities, aiming to improve customer outcomes and operational efficiency.
- Strong cash flow generation was reported, with approximately $610 million generated from operations, marking a 13% increase compared to the first half of 2025.
- Organic revenue decreased by 70 basis points from the prior year, although it increased by 70 basis points when including organic contingents.
- The adjusted EBITDAC margin decreased by 100 basis points to 35.7%, primarily due to lower interest income.
- Specialty distribution segment experienced a negative organic revenue growth of 1.6% with contingents and 3.5% without, impacted by delayed new business revenue.
- The company faced challenges in the competitive insurance market, with continued pressure from declining CAT property rates.
- Litigation impacts associated with individuals leaving for a startup broker resulted in a revenue adjustment of $18 million for the quarter.
Good morning and welcome to Brown and Brown Inc.'s second quarter earnings call. Today's call is being recorded. Please note that certain information discussed during this call, including information contained in the slide presentation posted in connection with this call and including answers given in response to your questions may relate to future results and events or otherwise be forward-looking in nature.
Such statements reflect our current views and respect of future events, including those relating to the company's anticipated financial results for the second quarter and are intended to fall within the safe harbor provisions of the security laws. Actual results or events in the future are subject to a number of risks and uncertainties and may differ materially from those currently anticipated or desired, or referenced in any forward-looking statements made as a result of the number of factors. Such factors include the company's determination as it finalizes its financial results for the second quarter, that its financial results differ from the current preliminary unaudited numbers set forth
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