Form 10-Q · Quarterly report
Brown & Brown 10-Q, filed Jul 27, 2026
- Filed
- CIK
- 0000079282
- Accession no.
- 0001193125-26-318251
Summary
Brown & Brown filed its quarterly report for the period ended June 30, 2026, reporting growth in total commissions and fees of 32.4% for the quarter, a 0.7% decline in consolidated organic revenue (a 0.7% increase including contingents), and a $72 million, or 23.2%, rise in income before income taxes versus the second quarter of 2025, which management attributed to higher contingents, expense leverage, synergies from the Accession acquisition and other recent acquisitions, partly offset by acquisition/integration costs.
Key points
- Total commissions and fees grew 32.4% for the three months ended June 30, 2026, while consolidated organic revenue fell 0.7% and organic revenue with contingents rose 0.7%.
- Income before income taxes for the second quarter of 2026 increased by $72 million, or 23.2%, from the second quarter of 2025.
- Contingent commissions have averaged approximately 4.4% of total commissions and fee revenues over the last three years, and annual fee revenues were 22.2% of total commissions and fees in 2025 and 21.1% in 2024.
- The company uses organic revenue growth and adjusted EBITDAC margin as key performance metrics in its short-term and long-term incentive compensation plans.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations The following discussion updates the Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the two discussions should be read together. GENERAL Company Overview — Second Quarter of 2026 The following discussion should be read in conjunction with our Condensed Consolidated Financial Statements and the related Notes to those Financial Statements included elsewhere in this Quarterly Report on Form 10-Q, which are prepared in accordance with accounting principles…
An excerpt of the text as filed with the SEC, cut for length.
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