Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments. The Retail segment offers property and casualty, employee benefits, personal, and specialty insurance products, along with risk management, loss control, consulting, and claims processing services, and also provides non-insurance services through automobile and recreational vehicle dealer services businesses. The Specialty Distribution segment includes wholesale brokerage and specialty businesses, offering professional liability and related package insurance for various professionals, supplementary insurance products, and public entity-related and specialty programs through independent agents, as well as program management services for insurance carrier partners. The company was formerly known as Poe & Brown, Inc. and changed its name to Brown & Brown, Inc. in April 1999. Founded in 1939, it is headquartered in Daytona Beach, Florida.
Brown & Brown Appoints Erik Templin to Lead North America Employee Benefits
Brown & Brown has appointed Erik Templin as Executive Managing Director for Employee Benefits, North America. Templin will oversee the firm's entire North American employee benefits operation, including strategy, growth initiatives, and talent development, after advancing through multiple leadership positions within Brown & Brown's benefits-focused businesses. Brown & Brown is a US based insurance specialist with a market value of about $21.5b that markets and sells coverage and related services across the United States, the United Kingdom and other regions. The appointment supports the company's push to reshape its Retail segment around more specialized teams and to keep producers engaged, two areas flagged as execution risks alongside producer departures. The clearest early signal will be whether management reports steadier Retail organic revenue and more stable customer retention in the employee benefits book over the next few quarterly updates.
BRO · · Neutral Brown & Brown appoints Erik Templin to lead North America Employee Benefits; leadership change with no stated financial or demand impact.
Brown & Brown Shares Dip 0.4% After Q2 Earnings Miss
Brown & Brown's shares have fallen 0.4% since its second-quarter earnings report, underperforming the S&P 500. The company reported adjusted earnings of $1.07 per share, missing the Zacks Consensus Estimate by 0.9%, while revenues of $1.67 billion also missed expectations but rose 30.4% year over year, driven by acquisitions. Organic revenues declined 0.7%, with the retail segment growing organically by 1.5% but the specialty unit falling 3.5%. Adjusted EBITDAC margin contracted 100 basis points to 35.7%, and the company repurchased $250 million of stock and raised its quarterly dividend by 10% to 16.5 cents per share. Management expects rate changes in the second half to remain similar to second-quarter levels, with capital deployment focused on share repurchases and specialty acquisitions.
Arthur J. Gallagher Projects 6% Organic Growth for 2026
Arthur J. Gallagher & Co. projects total company organic growth of 6% for 2026, with brokerage at 5.5% and risk management at 9%. The company reported 24% total revenue growth in the second quarter of 2026 for its combined Brokerage and Risk Management segments, including 6% organic growth. Management highlighted its 25th consecutive quarter of double-digit adjusted EBITDAC growth and continued underlying margin expansion. The integration of AssuredPartners is nearly a year along, with strong retention and collaboration reported. Peers Brown & Brown and Willis Towers Watson posted mixed organic results, with Brown & Brown declining 0.7% and Willis Towers Watson growing 5% in the same period.
AJG · Capital · Positive Company projects 6% organic growth for 2026 and reports strong Q2 results with 24% revenue growth.
BRO · Capital · Negative Peer Brown & Brown posted a 0.7% decline in organic growth, contrasting with Gallagher's positive outlook.
WTW · Capital · Positive Peer Willis Towers Watson grew 5% organically, showing positive performance in the same period.
AssuredPartners · Capital · Positive Integration of AssuredPartners is nearly a year along with strong retention and collaboration, contributing to growth.
H&R Block, Sherwin-Williams, and Brown & Brown lead Tuesday's big stock movers
Several stocks made notable moves on Tuesday. H&R Block rose 6.2% after Stephens & Co. initiated coverage with an Equal-Weight rating and a $47 price target. Corning fell 13% after its second-quarter revenue and third-quarter sales forecast missed Wall Street expectations. Sherwin-Williams gained 7.5% on stronger-than-expected second-quarter earnings and a raised full-year profit forecast. Brown & Brown advanced 5% as investors focused on strong year-over-year growth and in-line earnings despite a slight revenue shortfall. Simpson added 2.8% after its second-quarter results exceeded analyst expectations.
Brown & Brown Q2 Revenue Misses Estimates Despite 30% Growth
Brown & Brown reported second-quarter revenue of $1.68 billion, missing analyst estimates of $1.72 billion but still rising 30.4% year on year. Adjusted earnings per share of $1.07 matched consensus, while adjusted EBITDA of $608.5 million slightly exceeded expectations. The company highlighted strong contingent commissions, progress integrating the Accession acquisition, and new AI partnerships with McKinsey, Accenture, and Anthropic as key drivers. Management expects $30 million to $40 million in cost synergies this year from recent deals and sees AI initiatives boosting productivity and margins over the next three to five years.
BRO · Capital · Neutral Revenue missed estimates but EPS met consensus; EBITDA slightly beat; AI partnerships and cost synergies are positive but near-term revenue miss is negative.
ACN · Demand · Positive Brown & Brown's AI partnership with Accenture highlights demand for Accenture's AI consulting services.
Anthropic · Demand · Positive Brown & Brown's AI partnership with Anthropic highlights demand for Anthropic's AI models.
McKinsey & Company · Demand · Positive Brown & Brown's AI partnership with McKinsey highlights demand for McKinsey's AI consulting services.
Brown & Brown reports second quarter 2026 total revenues of $1.7 billion, up 30.4%
Brown & Brown, Inc. announced its unaudited financial results for the second quarter of 2026, with total revenues reaching $1.7 billion, an increase of 30.4% compared to the same period last year. Organic Revenue decreased 0.7%, while Organic Revenue with Contingents grew 0.7%. Diluted net income per share was $0.84, and Diluted Net Income Per Share – Adjusted rose to $1.07. For the first six months of 2026, total revenues were $3.6 billion, up 33.0%, with Diluted Net Income Per Share – Adjusted of $2.46. President and CEO J. Powell Brown expressed satisfaction with the quarterly performance and noted strong momentum heading into the second half of the year.
Welltower, Cadence, Nucor Among 12 Companies Set to Report After-Hours Earnings on July 27
Twelve companies are scheduled to report quarterly earnings after the market closes on July 27, 2026. Welltower Inc. is expected to post earnings per share of $1.55, a 21.09% increase from the prior year, while Cadence Design Systems has a consensus forecast of $1.62, up 32.79%. Nucor Corporation is projected to report $4.57 per share, a 75.77% jump, and Celestica Inc. is seen earning $2.12, a 68.25% rise. Other notable reports include Cincinnati Financial with a forecast of $1.82, down 7.61%, and Amkor Technology at $0.47, more than doubling from last year. The full list also features Principal Financial Group, Brown & Brown, F5 Inc., Sun Communities, UDR Inc., and TFI International.
AMKR · Capital · Positive Earnings forecast of $0.47, more than doubling from last year, is positive for the stock.
BRO · Capital · Neutral Earnings report scheduled but no forecast or comparison given; impact unclear.
CDNS · Capital · Positive Consensus EPS forecast of $1.62, up 32.79% year-over-year, is positive.
CINF · Capital · Negative Earnings forecast of $1.82, down 7.61% from prior year, is negative.
FFIV · Capital · Neutral Earnings report scheduled but no forecast or comparison given; impact unclear.
NUE · Capital · Neutral Nucor is mentioned as one of 12 companies reporting earnings after hours, with a forecast of $4.57 EPS, up 75.77% YoY, but no actual results or market reaction are given.
Brown & Brown selects Anthropic, McKinsey and Accenture to drive AI-first transformation
Brown & Brown announced the next phase of its enterprise technology transformation to become an AI-first enterprise, selecting Anthropic, McKinsey & Company and Accenture as partners. The initiative aims to responsibly leverage artificial intelligence to rewire key business processes, accelerate growth, enhance customer experience, improve teammate productivity and strengthen business performance. The company will deploy Anthropic’s Claude across its 23,000 teammates and integrate AI into end-to-end workflows supporting customer service, operations, technology and corporate functions. Early pilot teams using Claude Code reported productivity gains of approximately 2x to 8x, an estimated 80 to 90 percent reduction in analysis and troubleshooting time in certain use cases, and 80 percent of participating teammates rating its value 5 out of 5. Brown & Brown is also establishing a value management office to monitor adoption, measure business impact and return on investment, and maintain controls as AI capabilities scale.
Artisan Mid Cap Value Fund Adds Brown & Brown as New Position in Q1 2026
Artisan Mid Cap Value Fund initiated a new position in Brown & Brown during the first quarter of 2026, making it one of the three largest new buys alongside Veralto and IQVIA Holdings. The fund cited the insurance broker's attractive business economics, sound financial condition, and compressed valuation as key reasons for the purchase. Brown & Brown shares have fallen 35.94% over the past 52 weeks, closing at $69.27 on July 7, 2026, with a market capitalization of $23.48 billion. The fund believes the risk/reward is favorable as the stock trades near the lower end of its historical valuation range, despite near-term growth moderation and increased competition. The portfolio underperformed the Russell Midcap Value Index in the quarter, with its Investor Class returning -4.93% versus the index's 3.68% gain.
Morgan Stanley Downgrades Brown & Brown to Underweight, Shares Fall
Shares of insurance brokerage Brown & Brown fell 2.6% after Morgan Stanley downgraded the stock to Underweight from Equalweight and lowered its price target. The investment bank cited concerns about a potential reset in organic growth, a softer pricing cycle, and the company's sensitivity to the Florida property market, along with increased competition in the middle-market and an intensifying battle for talent. The downgrade overshadowed a price target increase from Barclays, which raised its target to $76 from $72. The stock was trading at $68.04, down 2.8% from the previous close.
Brown & Brown Appoints Neil Krauter Sr. to Drive Specialization in Retail Segment
Brown & Brown has appointed Neil Krauter Sr. as executive managing director for growth and specialization in its Retail segment, while also announcing new partnerships with WireX Systems and Marcus & Millichap to expand its cyber risk and real estate insurance capabilities. These moves aim to deepen the broker's focus on private equity, cybersecurity, and commercial real estate, broadening its reach across complex risk markets. The initiatives are expected to reinforce existing growth catalysts around cross-selling and fee expansion, though any financial impact is likely to build gradually. The company's investment narrative remains centered on a resilient insurance brokerage model and disciplined capital returns, but heavier reliance on debt-funded expansion and slower expected profit growth keep balance sheet flexibility and execution risk in focus.
BRO · Capital · Positive Appointment and partnerships aim to drive growth and specialization, reinforcing growth catalysts and cross-selling.
MMI · Demand · Positive Partnership with Brown & Brown to expand real estate insurance capabilities may increase demand for Marcus & Millichap's services.
WireX Systems · Demand · Positive Partnership with Brown & Brown to expand cyber risk capabilities may increase demand for WireX Systems' solutions.
Brown & Brown appoints Neil Krauter Sr. as executive managing director for Retail growth
Brown & Brown has appointed Neil Krauter Sr. as executive managing director, growth and specialization within its Retail segment. In this newly created role, Krauter will focus on accelerating enterprise growth, advancing specialization, recruiting top production talent, and expanding strategic relationships across the global insurance and private equity landscape. He will report to Steve Hearn, president of Brown & Brown Retail, and will continue to provide strategic leadership to the company's Private Equity and Mergers & Acquisitions capabilities, a flagship specialty platform serving more than 350 private equity funds through a dedicated team of over 150 specialists. Krauter joined Brown & Brown through the 2025 acquisition of Risk Strategies, where he led its Private Equity practice, and previously held senior roles at Lloyd's of London, Marsh, and Aon. Neil Krauter Jr. will continue leading the Private Equity Practice.
Ryan Specialty Tops Q1 Insurance Broker Earnings With 15.2% Revenue Growth
Ryan Specialty posted the strongest first-quarter results among five tracked insurance brokers, with revenue rising 15.2% year on year to $795.2 million and beating analyst estimates by 2.1%. Marsh reported revenue of $7.60 billion, up 7.6% and exceeding expectations by 2.9%, while Brown & Brown's revenue grew 35.4% to $1.90 billion but missed organic revenue estimates. Arthur J. Gallagher's revenue increased 27.7% to $4.75 billion, in line with forecasts, and Baldwin Insurance Group's revenue climbed 28.7% to $532.2 million, surpassing estimates by 3.2%. As a group, the five brokers' revenues beat consensus by 1.7%, though their average share price has fallen 3.8% since reporting.
StockStory Highlights IonQ, ADP, and Brown & Brown as Long-Term Services Picks
StockStory identified IonQ, ADP, and Brown & Brown as three services stocks with durable advantages for long-term investors. IonQ, a quantum computing developer, posted 172% annual revenue growth over the last two years and is projected to grow revenue 53.2% in the next 12 months. ADP, which processes one in six U.S. paychecks, has grown revenue at an 8.1% annual rate over five years on a $21.6 billion base and generates a 21.3% free cash flow margin. Brown & Brown, an insurance brokerage, is forecast to grow revenue 11.5% in the next 12 months and has expanded earnings per share by 18.5% annually over five years with a 23.2% free cash flow margin.
ADP · Demand · Positive ADP processes one in six U.S. paychecks, showing strong demand for its payroll services.
BRO · Demand · Positive Brown & Brown is forecast to grow revenue 11.5% in the next 12 months, indicating strong demand for insurance brokerage.
IONQ · Demand · Positive IonQ posted 172% annual revenue growth and is projected to grow 53.2% in the next 12 months, reflecting strong demand for quantum computing.
Marcus & Millichap Names Brown & Brown Preferred Partner for Insurance and Risk Management
Marcus & Millichap has named Brown & Brown as a preferred partner for insurance and risk management, adding the insurance brokerage to its recently launched Preferred Partner Program. The partnership gives Marcus & Millichap clients access to data-driven insurance indications, portfolio analysis, and risk management resources to better evaluate acquisition opportunities and operating risks. Brown & Brown's National Real Estate Practice also provides access to major insurance carriers and specialty markets serving commercial real estate investors. Richard Matricaria, chief growth officer of Marcus & Millichap, said insurance has become a critical component of investment analysis and transaction execution, and the partnership helps clients evaluate opportunities with greater confidence. Dan Cioci, executive vice president and director of Brown & Brown's National Real Estate Practice, noted that as insurance costs play a larger role in valuation and execution, investors are seeking greater clarity early in the transaction process.