BROWN & BROWN, INC.

Bronislaw E. Masojada has resigned from the Board of Directors of Brown & Brown, Inc., as well as its Audit Committee and Compensation Committee, effective immediately. The resignation is due to his upcoming election as the 698th Lord Mayor of the City of London, a role he will assume in November 2026. The company stated that Masojada's decision was not prompted by any disagreements regarding the company's operations, policies, or practices.

Brown & Brown, Inc. announced that P. Barrett Brown, Executive Vice President and former President of the Retail Segment, voluntarily resigned effective August 10, 2026. A Transition Agreement was entered into, under which Mr. Brown will continue employment until July 31, 2027, providing transition services. During this period, he will receive his $1,000,000 annual base salary and be eligible for a $1,300,000 bonus. Additionally, he will receive a $130,000 lump sum for expenses and $2,500,000 in severance pay, subject to terms including a one-year non-compete clause.

Brown & Brown, Inc. announced its second quarter 2026 financial results, reporting total revenues of $1.7 billion, a 30.4% increase from the prior year. Diluted net income per share rose 7.7% to $0.84, with adjusted diluted net income per share increasing 3.9% to $1.07. However, Organic Revenue saw a slight decrease of 0.7%, while Organic Revenue with Contingents increased by 0.7%. CEO J. Powell Brown expressed satisfaction with the results and momentum for the rest of the year.

Brown & Brown, Inc. announced strong unaudited financial results for the second quarter and first half of 2026. For Q2, total revenues grew 30.4% to $1.7 billion, and net income attributable to the company rose 24.7% to $288 million. Diluted net income per share increased 7.7% to $0.84, despite a slight 0.7% decrease in Organic Revenue. For the six months ended June 30, 2026, total revenues increased 33.0% to $3.6 billion, with net income attributable to the company up 26.8% to $714 million. The CEO expressed satisfaction with the results and noted strong momentum heading into the latter half of the year.

Brown & Brown, Inc. announced its strategic evolution to become an AI-first enterprise, aiming to responsibly leverage artificial intelligence to accelerate growth, enhance customer experience, and improve productivity. The company has partnered with Anthropic, McKinsey & Company, and Accenture to establish governance and scale AI across its operations. Early pilot projects have shown significant gains in developer productivity and efficiency, with plans to deploy Anthropic's Claude across all 23,000 teammates and integrate AI into end-to-end workflows.

Brown & Brown, Inc. announced that its board of directors has declared a regular quarterly cash dividend of $0.165 per share. The dividend is scheduled to be paid on August 19, 2026, to shareholders who are on record as of August 12, 2026. Brown & Brown is a leading insurance brokerage firm with a global presence.

Brown & Brown, Inc. announced it will release its second-quarter 2026 earnings on Monday, July 27, 2026, after the market closes. Following this, President and CEO J. Powell Brown and EVP and CFO R. Andrew Watts will host an investor conference call on Tuesday, July 28, 2026, at 8:00 a.m. EDT to discuss the financial results. The live webcast and an archived audio replay will be accessible via the company's investor relations website.

Brown & Brown, Inc. announced the appointment of Neil Krauter Sr. as executive managing director, growth and specialization within its Retail segment. In this newly created leadership role, Krauter will focus on accelerating enterprise growth, advancing specialization, recruiting top production talent, and expanding strategic relationships. He will report to Steve Hearn, President, Brown & Brown Retail, and will also continue to provide strategic leadership to the Company’s Private Equity and Mergers & Acquisitions capabilities.

Brown & Brown, Inc. and its Canadian team have been recognized on the 2026 Best Workplaces in Financial Services & Insurance and Best Workplaces for Mental Wellness Lists. This achievement reflects the company's commitment to prioritizing teammate total health and well-being, particularly in mental health. Additionally, Brown & Brown received the 2026 Platinum Level Bell Seal for Workplace Mental Health for the fourth consecutive year, underscoring its strong workplace culture.

Brown & Brown, Inc. entered into a Third Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. The agreement increases the Revolving Credit Facility from $800 million to $1.25 billion and extends its maturity to June 5, 2031. Additionally, the company secured new Term A-1 and Term A-2 Loan Facilities, each for $250 million, maturing in 2029 and 2031 respectively. As of the filing date, $825 million is outstanding under these facilities.