Brown & Brown Reports 30.4% Revenue Increase for Q2 2026

Insurance brokerage firm Brown & Brown Inc. reported second-quarter 2026 revenue of $1.7 billion, a 30.4% increase year-on-year driven by acquisition activity and higher contingent commissions. Despite the growth, the figure missed Wall Street estimates of $1.72 billion, and the company's stock price subsequently decreased 4.2% to $66.33. Non-GAAP adjusted earnings per share rose to $1.07, aligning with consensus estimates.

Organic revenue fell 0.7%, marking the second consecutive quarter of stagnation or decline. This trend was attributed to falling catastrophe property rates, which declined between 15% and 35%, and integration costs from the acquisition of RSC Topco, Inc., which operates as Accession. Segment performance was mixed, with retail organic revenue growing 1.5% while the specialty distribution segment declined 3.5%.

To improve productivity and expand margins, the company entered artificial intelligence partnerships with Anthropic, McKinsey & Company, and Accenture. President and CEO J. Powell Brown stated the firm has "great momentum" entering the second half of the year, expecting E&S casualty rates to continue rising. Additionally, the company repurchased approximately nine million shares over the last nine months.