BROWN & BROWN, INC. Q1 FY27 Results

Summary

Brown & Brown, Inc. announced robust financial results for the first quarter of 2026, with total revenues reaching $1.9 billion, a substantial 35.4% increase year-over-year. Despite flat Organic Revenue, Organic Revenue with Contingents grew by 2.2%. The company reported a 24.8% rise in income before income taxes to $533 million, and net income attributable to the Company increased by 28.7% to $426 million. While diluted net income per share saw a 7.8% decrease to $1.06, the adjusted diluted net income per share improved by 7.8% to $1.39, reflecting strong adjusted performance. President and CEO J. Powell Brown acknowledged a challenging growth environment but highlighted the team's continued delivery for customers.

Key Highlights

1. 1

   Brown & Brown, Inc. reported total revenues of $1.9 billion for the first quarter of 2026, marking a significant increase of 35.4% compared to the prior year.

2. 2

   Organic Revenue remained flat at 0.0%, while Organic Revenue with Contingents saw a modest increase of 2.2% for the quarter.

3. 3

   Income before income taxes grew by 24.8% to $533 million, although the Income Before Income Taxes Margin slightly decreased to 28.0% from 30.4% in the prior year.

4. 4

   Net income attributable to the Company rose by 28.7% to $426 million in Q1 2026.

5. 5

   Diluted net income per share decreased by 7.8% to $1.06, but Diluted Net Income Per Share - Adjusted increased by 7.8% to $1.39.

6. 6

   Adjusted EBITDAC increased by 36.6% to $731 million, with the Adjusted EBITDAC Margin improving to 38.5% from 38.1% in the first quarter of the prior year.

7. 7

   The Board of Directors declared a regular quarterly cash dividend of $0.165 per share, payable on May 20, 2026.