Brown & Brown reported second-quarter 2026 results with total revenues of $1.7 billion, a 30.4% year-over-year increase, and net income attributable to the company of $288 million. GAAP diluted net income per share was $0.84 while Diluted Net Income Per Share - Adjusted was $1.07. Management highlighted continued momentum heading into the second half of 2026.
Financial Highlights
- Total revenues: $1.7 billion for the three months ended June 30, 2026, up $391 million or 30.4% year-over-year.
- Income before income taxes: $383 million for Q2 2026; Income Before Income Taxes Margin of 22.9% (compared with 24.2% in Q2 2025).
- EBITDAC - Adjusted: $598 million for Q2 2026 with an EBITDAC Margin - Adjusted of 35.7% (versus 36.7% in Q2 2025).
- Net income attributable to the company: $288 million for Q2 2026, up $57 million or 24.7% year-over-year.
- Diluted net income per share: $0.84 (GAAP); Diluted Net Income Per Share - Adjusted: $1.07 for Q2 2026.
Business Highlights
- Organic Revenue decreased 0.7% for the quarter to $1,176 million; Organic Revenue with Contingents increased 0.7% to $1,237 million, reflecting contingent commission activity.
- For the six months ended June 30, 2026, total revenues were $3.6 billion, with Organic Revenue essentially flat (down 0.3%) and Organic Revenue with Contingents up 1.6%.
- Acquisition-related activity materially impacted reported revenues and adjustments: acquisitions added to revenues while adjustments included disposition, foreign currency translation, and litigation-related impacts in the organic revenue reconciliation.
- Balance sheet and liquidity items include cash and cash equivalents of $918 million and total assets of $29.9 billion as of June 30, 2026; long-term debt (net) of $7,346 million.
Original SEC Filing:
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