Brown & Brown reported total revenue of $1.725 billion for the third quarter of 2026, representing a 7.4% year-over-year increase but falling short of consensus estimates. Adjusted diluted net income per share was $1.07, missing the $1.08 forecast, as the company navigated a challenging insurance rate environment.
Key Highlights
- Organic revenue growth reached 1.2% (1.5% including contingents), a notable deceleration from prior periods and below the 1.9% analyst target.
- Adjusted EBITDAC margin contracted 200 basis points to 34.6% compared to 36.6% in the same period last year.
- Management noted that capabilities were broadly enhanced by the integration of approximately 5,000 teammates from the Accession acquisition completed just over a year ago.