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DAYTONA BEACH, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (the “Company”) today announced the next phase of its enterprise technology transformation: becoming an AI-first enterprise. This evolution is designed to responsibly leverage artificial intelligence (AI), rewire key business processes to accelerate growth, enhance customer experience, improve teammate productivity and strengthen business performance.

The Company is building AI as a foundational enterprise capability, designed to quickly scale across the business while empowering local teams to address customer and operational needs.

Encouraged by gains realized in initial pilot projects, Brown & Brown is entering the next phase of its AI journey. This phase will focus on thoughtfully expanding AI capabilities using Brown & Brown’s agile, entrepreneurial operating model to incubate AI solutions close to the business and customer, while quickly proving value and deploying capabilities at scale.

This enhanced model empowers local development to address business needs, while creating an operating platform that supports companywide adoption. To do this, the Company has selected Anthropic, McKinsey & Company and Accenture as partners, combining expertise in “frontier” AI, business transformation and governance to establish the guardrails, operating discipline and execution model needed to scale AI responsibly across the enterprise.

“Our teammates are Brown & Brown’s greatest differentiator, and we view AI as an enabler of their experience, specialization and judgment — not a replacement for it,” said Powell Brown, president and chief executive officer of Brown & Brown. “By responsibly implementing AI across our business, we can help teammates spend more time advising customers, building relationships and delivering the specialized solutions that set Brown & Brown apart. To do this well, we are bringing together the right mix of internal leadership and external partners who are leaders in this space.”

Becoming AI-first is more than just deploying technology. It means building a culture of continuous improvement and arming every teammate with the ability to work smarter, unlock creativity, move faster and deliver even greater value to customers. The Company will ultimately 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.

Jim Bramblet, senior managing director leading Accenture's U.S. Insurance business, said, “Brown & Brown is taking a forward-looking approach to using AI to help drive growth, improve efficiency and create value across the business. By combining Anthropic's advanced AI capabilities with Accenture's experience designing technology architectures, developing implementation roadmaps and supporting business transformation, this collaboration is focused on accelerating innovation, modernizing how work gets done and turning AI investments into measurable business outcomes.”

Brown & Brown is also establishing a value management office (VMO) to support disciplined execution and ongoing, outcomes-based evaluation of its AI initiatives. The office will monitor adoption, measure business impact and return on investment, and maintain controls as AI capabilities scale across the enterprise.

“We are excited to partner with Brown & Brown on this next chapter of its AI transformation. Brown & Brown has demonstrated a clear commitment to using AI to create meaningful value for its customers, teammates and shareholders. We look forward to helping the company redesign how work gets done and capture the full potential of AI at enterprise scale,” said Ari Libarikian, global co-lead of McKinsey’s Insurance Practice.

As part of its broader technology transformation, Brown & Brown will also deploy Claude Code across its entire software engineering organization to reimagine and implement an AI-enabled software development lifecycle, expected to improve developer productivity, strengthen software quality and accelerate delivery.

"Brown & Brown's engineers are using Claude Code to develop in hours what used to take days, cutting troubleshooting time dramatically and catching vulnerabilities that other tools missed — and the company is now expanding Claude from a handful of pilot teams to the entire enterprise," said Michael Hartman, head of Americas enterprise, Anthropic. "That's what becoming an AI-first enterprise looks like — proving the value first, then giving every teammate the same capability." 

Early Claude Code usage across select pilot teams at Brown & Brown shows promising results:

Improved developer productivity: participating teams have reported productivity gains of approximately 2x to 8x, with certain work that previously took days completed in hours.Enhanced security and code quality: AI-enabled workflows have reduced analysis and troubleshooting time by an estimated 80–90% in certain use cases and helped identify software vulnerabilities not detected by other tools.Strong teammate adoption: participating teams reported high confidence in Claude Code, with 80% rating its value 5 out of 5 during the rollout. Together, these efforts position Brown & Brown to scale responsible AI across its business while keeping teammates, customers, security and measurable outcomes at the center of its transformation.

About Brown & Brown Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements relating to Brown & Brown’s plans and expectations regarding AI, the next phase of its transformation, estimated efficiency improvements, teammate adoption metrics and statements regarding its early results and expected benefits. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include the requirement for additional resources and time to adequately respond to dynamics resulting from rapid technological change, including the increasing use of artificial intelligence and robotic processing automation; a cybersecurity attack or any other interruption in formation technology and/or data security that may impact our operations or the operations of third parties that support us; our reliance on vendors and other third parties to perform key functions of our business operations and provide services to our customers; improper disclosure of confidential information; and changes in data privacy and protection laws and regulations or any failure to comply with such laws and regulations. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

For more information:

Jenny Goco
Vice President of Public Relations & Communications
(386) 333-6066
[email protected]  

In its upcoming report, Brown & Brown (BRO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.08 per share, reflecting an increase of 4.9% compared to the same period last year. Revenues are forecasted to be $1.72 billion, representing a year-over-year increase of 34%.

Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

With that in mind, let's delve into the average projections of some Brown & Brown metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus estimate for 'Revenues- Investment income' stands at $24.70 million. The estimate indicates a change of -29.4% from the prior-year quarter.

The consensus among analysts is that 'Revenues- Commissions and fees' will reach $1.70 billion. The estimate indicates a year-over-year change of +36.3%.

Based on the collective assessment of analysts, 'Total revenues- Retail' should arrive at $984.73 million. The estimate indicates a year-over-year change of +41.3%.

The combined assessment of analysts suggests that 'Total revenues- Other' will likely reach $17.50 million. The estimate points to a change of -30% from the year-ago quarter.

Analysts expect 'Total Organic growth' to come in at 0.9%. The estimate compares to the year-ago value of 3.6%.

View all Key Company Metrics for Brown & Brown here>>>

Over the past month, shares of Brown & Brown have returned +10.3% versus the Zacks S&P 500 composite's +0.3% change. Currently, BRO carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Wall Street expects a year-over-year increase in earnings on higher revenues when Brown & Brown (BRO - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis insurance company is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of +4.9%.

Revenues are expected to be $1.72 billion, up 34% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.19% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Brown & Brown?For Brown & Brown, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.31%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Brown & Brown will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Brown & Brown would post earnings of $1.36 per share when it actually produced earnings of $1.39, delivering a surprise of +2.21%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Brown & Brown appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Brown & Brown (BRO - Free Report) , which belongs to the Zacks Insurance - Brokerage industry.

This insurance company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.20%.

For the most recent quarter, Brown & Brown was expected to post earnings of $1.36 per share, but it reported $1.39 per share instead, representing a surprise of 2.21%. For the previous quarter, the consensus estimate was $0.91 per share, while it actually produced $0.93 per share, a surprise of 2.20%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Brown & Brown. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Brown & Brown currently has an Earnings ESP of +0.31%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 27, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Brown & Brown is undervalued, fundamentally strong, and positioned for long-term total return and dividend growth. Q1 2026 revenue rose 35.4% to $1.90 billion, driven by acquisitions, notably the $9.8 billion Accession deal. BRO trades at a forward P/E of 13 versus its 10-year average of 24.3, reflecting a 35% discount to fair value.

On June 26, 2026, Brown & Brown Inc BRO shares rose 5.6% today, reaching a current price of $64.22. This price is within a 52-week range of $53.81 to $111.09, indicating a significant recovery from recent lows.

GF Value™ verdict: The current price of $64.22 is 40.9% below the GF Value™ estimate of $108.65.GF Score™: Brown & Brown Inc has a GF Score™ of 78/100, indicating an above-average potential for long-term returns.Most notable signal: Insiders have bought $0.2 million worth of stock in the last three months, with no selling activity reported. Is BRO Overvalued or Undervalued? The current market price of Brown & Brown Inc BRO at $64.22 is significantly lower than the GF Value™ estimate of $108.65, suggesting that the stock is undervalued by approximately 40.9%. This presents a potential opportunity for investors, as the margin of safety appears attractive. However, it is essential to note that the GF Valuation label indicates a "Possible Value Trap," advising caution in evaluating the stock's future performance.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. While the undervaluation may seem appealing, investors should consider the risks associated with the company's financial strength, which is rated 5/10, and the momentum rank of 1/10. These factors could imply that, despite the attractive price relative to GF Value™, there may be underlying issues that could affect stock performance in the future.

How Does BRO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 20.6x 27.5x Forward P/E 14.2x Brown & Brown Inc's current P/E (TTM) of 20.6x is significantly below its 5-year median P/E of 27.5x, indicating that the stock is trading at a lower valuation compared to its historical performance. The forward P/E of 14.2x further supports the notion that the stock is currently undervalued. This P/E analysis aligns with the GF Value™ verdict, reinforcing the idea that the stock may present a compelling opportunity for value-oriented investors.

What Does BRO's GF Score™ Tell Us? Metric Rating GF Score™ 78/100 Financial Strength 5/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 1/10 The GF Score™ of 78/100 indicates that Brown & Brown Inc is positioned above average in terms of long-term potential. The strongest aspects of the company are its Growth rank of 10/10 and Profitability rank of 9/10, which suggest strong operational performance and growth prospects. However, the Valuation rank of 4/10 and Momentum rank of 1/10 highlight weaknesses in the stock’s current valuation and its recent price performance. These mixed signals suggest that while the company has solid growth and profitability metrics, there are concerns regarding its current market momentum and valuation attractiveness.

What Are Insiders Doing with BRO Stock? In the past three months, insiders have purchased $0.2 million of Brown & Brown Inc stock without any reported selling activity. This buying trend among insiders may reflect their confidence in the company’s future prospects, especially in light of the stock's current undervaluation. However, it is crucial to interpret insider activity in the context of broader market conditions and company performance, as insider buying does not guarantee future stock price increases.

What This Means for Investors Based on the analysis of GF Value™, Brown & Brown Inc BRO is currently undervalued. The significant difference between the current price and the GF Value™ suggests potential upside, although caution is warranted due to signals of a possible value trap and mixed performance indicators.

For the complete analysis, visit the Brown & Brown Inc BRO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is BRO's GF Score™?

Brown & Brown Inc has a GF Score™ of 78/100, indicating above-average potential for long-term returns based on various financial metrics.

Is BRO overvalued or undervalued?

BRO is currently undervalued with a GF Value™ estimate of $108.65, suggesting a significant upside potential from the current price of $64.22.

What is BRO's P/E ratio?

BRO has a P/E (TTM) ratio of 20.6x, which is notably lower than its 5-year median P/E of 27.5x, indicating that the stock is trading at a discount to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

DAYTONA BEACH, Fla., June 24, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (“the Company”) today announced the appointment of Neil Krauter Sr. as executive managing director, growth and specialization within the Company's Retail segment.

DAYTONA BEACH, Fla., April 14, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (“the company”) is pleased to announce that Eileen Akerson has been formally appointed chief legal officer, effective immediately, and will join the Brown & Brown senior leadership team. After serving in this role in an interim capacity since January 2026, Eileen will lead legal, regulatory, compliance and enterprise risk management efforts across the organization.

“Eileen has been a trusted leader and advisor at Brown & Brown, and her appointment as chief legal officer reflects both her deep experience and the high level of confidence we have in her,” said Powell Brown, president and chief executive officer. “She worked closely with Rob Mathis as he strengthened and expanded our legal organization, and she brings a steady hand, strong judgment, and a deep understanding of our culture as she builds on that foundation and supports our continued growth.”

“I’m excited to step into this role and continue the important work of a legal function that is deeply connected to the business,” Akerson said. “Rob Mathis was a trusted colleague and friend, and I’m grateful for the opportunity to continue guiding the work he and the broader team have been doing to support our growing business. I am proud to lead such a strong team of legal professionals as we look ahead to the future.”

Before taking on the interim chief legal officer role, Akerson served as chief risk, regulatory and compliance counsel for Brown & Brown. She previously spent more than 20 years at KBR, Inc., in various legal leadership roles, including serving as executive vice president and general counsel until 2021.

About Brown & Brown Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of approximately 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

This press release may contain certain forward-looking statements relating to future results. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

For more information:

Jenny Goco
Vice President of Public Relations & Communications
(386) 333-6066

Wall Street expects a year-over-year increase in earnings on higher revenues when Brown & Brown (BRO - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on April 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis insurance company is expected to post quarterly earnings of $1.36 per share in its upcoming report, which represents a year-over-year change of +5.4%.

Revenues are expected to be $1.87 billion, up 33.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Brown & Brown?For Brown & Brown, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.10%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Brown & Brown will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Brown & Brown would post earnings of $0.91 per share when it actually produced earnings of $0.93, delivering a surprise of +2.20%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Brown & Brown appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street analysts forecast that Brown & Brown (BRO - Free Report) will report quarterly earnings of $1.36 per share in its upcoming release, pointing to a year-over-year increase of 5.4%. It is anticipated that revenues will amount to $1.87 billion, exhibiting an increase of 33.5% compared to the year-ago quarter.

The current level reflects a downward revision of 2.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Given this perspective, it's time to examine the average forecasts of specific Brown & Brown metrics that are routinely monitored and predicted by Wall Street analysts.

Analysts expect 'Revenues- Investment income' to come in at $24.10 million. The estimate indicates a year-over-year change of +33.9%.

The consensus estimate for 'Revenues- Commissions and fees' stands at $1.86 billion. The estimate suggests a change of +34.4% year over year.

It is projected by analysts that the 'Total revenues- Retail' will reach $1.26 billion. The estimate points to a change of +38.8% from the year-ago quarter.

Analysts predict that the 'Total revenues- Other' will reach $15.23 million. The estimate suggests a change of +52.3% year over year.

According to the collective judgment of analysts, 'Total Organic growth' should come in at 0.6%. The estimate is in contrast to the year-ago figure of 6.5%.

View all Key Company Metrics for Brown & Brown here>>>

Over the past month, Brown & Brown shares have recorded returns of +3.7% versus the Zacks S&P 500 composite's +8.6% change. Based on its Zacks Rank #3 (Hold), BRO will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

DAYTONA BEACH, Fla., April 27, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the first quarter of 2026.

For the first quarter ended March 31, 2026, the Company achieved:

Total revenues of $1.9 billion, increasing $497 million, or 35.4%, compared to the first quarter of the prior year, with flat Organic Revenue and Organic Revenue with Contingents increasing 2.2%.Income before income taxes of $533 million, increasing 24.8%, with Income Before Income Taxes Margin of 28.0%, compared to 30.4% in the first quarter of the prior year.EBITDAC - Adjusted of $731 million, increasing 36.6%, with EBITDAC Margin - Adjusted of 38.5%, compared to 38.1% in the first quarter of the prior year.Net income attributable to the Company of $426 million, increasing $95 million, or 28.7%, compared to the first quarter of the prior year.Diluted net income per share of $1.06, a decrease of 7.8%, with Diluted Net Income Per Share - Adjusted increasing to $1.39, or 7.8%, each compared to the first quarter of the prior year.
J. Powell Brown, president and chief executive officer of the Company, noted, “Our teammates continue to deliver for our customers in a challenging growth environment.”

In addition, the Company today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.165 per share. The dividend is payable on May 20, 2026, to shareholders of record on May 11, 2026.

Reconciliation of Commissions and Fees
to Organic Revenue and Organic Revenue with Contingents
(in millions, unaudited)
     Three Months Ended March 31,   2026  2025 Commissions and fees $1,880  $1,385 Contingents  (97)  (43)Core commissions and fees $1,783  $1,342 Acquisitions  (435)   Dispositions     (3)Foreign Currency Translation     19 Litigation-Related Impact     (10)Organic Revenue $1,348  $1,348 Organic Revenue growth  —    Organic Revenue growth %  0.0%          Organic Contingents $74  $43 Organic Revenue with Contingents  1,422   1,391 Organic Revenue with Contingents growth $31    Organic Revenue with Contingents growth %  2.2%    See information regarding non-GAAP measures presented later in this press release.

Reconciliation of Diluted Net Income Per Share to
Diluted Net Income Per Share - Adjusted
(unaudited)
   Three Months Ended March 31,  Change   2026  2025  $  % Diluted net income per share(1) $1.06  $1.15  $(0.09)  (7.8%)Change in estimated acquisition earn-out payables  0.01   (0.01)  0.02    (Gain)/loss on disposal  —   —   —    Acquisition/Integration Costs  0.06   —   0.06    Amortization  0.26   0.15   0.11    Mark-to-market of escrow liability(2)  —   —   —    Diluted Net Income Per Share - Adjusted $1.39  $1.29  $0.10   7.8% (1) The calculation of diluted net income per share for the three months ended March 31, 2026 (a) excludes the mark-to-market of escrow liability and (b) includes the escrowed shares within the Company’s diluted weighted average number of shares, in each case in accordance with Accounting Standards Codification Topic 260 — Earnings Per Share (“ASC 260”), which requires this treatment in periods where the combined effect of these adjustments is accretive to earnings.

(2) No adjustment for the mark-to-market of escrow liability was made to Diluted Net Income Per Share – Adjusted for the three months ended March 31, 2026 as the calculation of diluted net income per share for these periods already excludes the mark-to-market of escrow liability in accordance with ASC 260.

See information regarding non-GAAP measures presented later in this press release.

Reconciliation of Income Before Income Taxes to EBITDAC and
EBITDAC - Adjusted and Income Before Income Taxes Margin(1) to
EBITDAC Margin and EBITDAC Margin - Adjusted
(in millions, unaudited)
     Three Months Ended March 31,   2026  2025 Total revenues $1,901  $1,404 Income before income taxes $533  $427 Income Before Income Taxes Margin(1)  28.0%  30.4%Amortization  116   53 Depreciation  17   11 Interest  99   46 Change in estimated acquisition earn-out payables  5   (4)EBITDAC $770  $533 EBITDAC Margin  40.5%  38.0%(Gain)/loss on disposal  (1)  2 Acquisition/Integration Costs  26   — Mark-to-market of escrow liability  (64)  — EBITDAC - Adjusted $731  $535 EBITDAC Margin - Adjusted  38.5%  38.1% (1)    “Income Before Income Taxes Margin” is defined as income before income taxes divided by total revenues.

See information regarding non-GAAP measures presented later in this press release.

Brown & Brown, Inc.
Consolidated Statements of Income
(in millions, except per share data; unaudited)
     Three Months Ended March 31,   2026  2025 REVENUES      Commissions and fees $1,880  $1,385 Investment and other income  21   19 Total revenues  1,901   1,404 EXPENSES      Employee compensation and benefits  907   683 Other operating expenses  289   186 (Gain)/loss on disposal  (1)  2 Amortization  116   53 Depreciation  17   11 Interest  99   46 Change in estimated acquisition earn-out payables  5   (4)Mark-to-market of escrow liability  (64)  — Total expenses  1,368   977 Income before income taxes  533   427 Income taxes  106   93 Net income before non-controlling interests  427   334 Less: Net income attributable to non-controlling interests  1   3 Net income attributable to the Company $426  $331 Net income per share:      Basic $1.27  $1.16 Diluted $1.06  $1.15 Weighted average number of shares outstanding:      Basic  331   283 Diluted  337   285  Brown & Brown, Inc.
Consolidated Balance Sheets
(in millions, except per share data, unaudited)
     March 31,
2026  December 31,
2025 ASSETS      Current assets:      Cash and cash equivalents $1,003  $1,079 Fiduciary cash  2,387   2,471 Commission, fees, and other receivables  1,576   1,438 Fiduciary receivables  1,574   1,515 Reinsurance recoverable  590   647 Prepaid reinsurance premiums  869   980 Other current assets  456   484 Total current assets  8,455   8,614 Fixed assets, net  370   367 Operating lease assets  263   269 Goodwill  15,076   15,087 Amortizable intangible assets, net  4,782   4,906 Other assets  754   748 Total assets $29,700  $29,991 LIABILITIES AND EQUITY      Current liabilities:      Fiduciary liabilities $3,961  $3,986 Losses and loss adjustment reserve  611   671 Unearned premiums  938   1,053 Accounts payable  873   990 Accrued expenses and other liabilities  695   875 Current portion of long-term debt  1,238   719 Total current liabilities  8,316   8,294 Long-term debt less unamortized discount and debt issuance costs  6,584   6,894 Operating lease liabilities  238   243 Deferred income taxes, net  899   815 Other liabilities  1,050   1,172 Equity:      Common stock, par value $0.10 per share; authorized 560 shares; issued 359 shares and outstanding 335 shares at 2026, issued 357 shares and outstanding 336 shares at 2025, respectively  36   36 Additional paid-in capital  6,165   6,160 Treasury stock, at cost 24 shares at 2026 and 21 shares at 2025, respectively  (1,098)  (848)Accumulated other comprehensive income  128   210 Non-controlling interests  24   26 Retained earnings  7,358   6,989 Total equity  12,613   12,573 Total liabilities and equity $29,700  $29,991  Brown & Brown, Inc.
Consolidated Statements of Cash Flows
(in millions, unaudited)

    Three Months Ended March 31,   2026  2025 Cash flows from operating activities:      Net income before non-controlling interests $427  $334 Adjustments to reconcile net income before non-controlling interests to net cash provided by operating activities:      Amortization  116   53 Depreciation  17   11 Non-cash stock-based compensation  26   29 Change in estimated acquisition earn-out payables  5   (4)Mark-to-market of escrow liability  (64)  — Deferred income taxes  80   (10)Net (gain)/loss on sales/disposals of investments, businesses, fixed assets and customer accounts  (1)  2 Payments on acquisition earn-outs in excess of original estimated payables  (15)  — Other  3   2 Changes in operating assets and liabilities, net of effect from acquisitions and divestitures:      Commissions, fees and other receivables (increase)/decrease  (142)  (180)Reinsurance recoverable (increase)/decrease  57   1,080 Prepaid reinsurance premiums (increase)/decrease  110   40 Other assets (increase)/decrease  25   35 Losses and loss adjustment reserve increase/(decrease)  (60)  (1,081)Unearned premiums increase/(decrease)  (116)  (35)Accounts payable increase/(decrease)  (29)  126 Accrued expenses and other liabilities increase/(decrease)  (184)  (195)Other liabilities increase/(decrease)  7   6 Net cash provided by operating activities  262   213 Cash flows from investing activities:      Additions to fixed assets  (21)  (17)Payments for businesses acquired, net of cash acquired  (17)  (67)Proceeds from sales of businesses, fixed assets and customer accounts  —   9 Other investing activities  —   (4)Net cash used in investing activities  (38)  (79)Cash flows from financing activities:      Fiduciary receivables and liabilities, net  (76)  (90)Payments on acquisition earn-outs  (150)  (26)Payments on long-term debt  (19)  (169)Borrowings on revolving credit facility  225   150 Repurchase shares to fund tax withholdings for non-cash stock-based compensation  (26)  (40)Purchase of treasury stock  (250)  — Cash dividends paid  (57)  (43)Other financing activities  (1)  — Net cash used in financing activities  (354)  (218)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash inclusive of fiduciary cash  (27)  22 Net decrease in cash, cash equivalents and restricted cash inclusive of fiduciary cash  (157)  (62)Cash, cash equivalents and restricted cash inclusive of fiduciary cash at beginning of period  3,815   2,502 Cash, cash equivalents and restricted cash inclusive of fiduciary cash at end of period $3,658  $2,440  Conference call, webcast and slide presentation

A conference call to discuss the results of the first quarter of 2026 will be held on Tuesday, April 28, 2026, at 8:00 AM (EDT). The Company may refer to a slide presentation during its conference call. You can access the webcast and the slides from the "Investor Relations" section of the Company’s website at BBrown.com.

About Brown & Brown

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of approximately 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

Forward-looking statements

This press release may contain certain statements relating to future results which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. You can identify these statements by forward-looking words such as “may,” “will,” “should,” “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan” and “continue” or similar words. We have based these statements on our current expectations about potential future events. Although we believe the expectations expressed in the forward-looking statements included in this press release are based upon reasonable assumptions within the bounds of our knowledge of our business, a number of factors could cause actual results to differ materially from those expressed in any forward-looking statements, whether oral or written, made by us or on our behalf. Many of these factors have previously been identified in filings or statements made by us or on our behalf. Important factors which could cause our actual results to differ, possibly materially from the forward-looking statements in this press release include but are not limited to the following items: the Company's determination as it finalizes its financial results for the first quarter 2026 that its financial results differ from the current preliminary unaudited numbers set forth herein; risks with respect to the acquisition of RSC Topco, Inc. (“Accession”) (the “Transaction”); the possibility that the anticipated benefits, including any anticipated cost savings and strategies, of the Transaction are not realized when expected or at all; risks related to the financing of the Transaction, including that financing the Transaction resulted in an increase in the Company’s indebtedness; risks relating to the financial information related to Accession; the risk that certain assumptions the Company has made relating to the Transaction prove to be materially inaccurate; risks related to Accession’s business, including underwriting risk in connection with certain captive insurance companies; the inability to hire, retain and develop qualified employees, as well as the loss of any of our executive officers or other key employees; a cybersecurity attack or any other interruption in information technology and/or data security that may impact our operations or the operations of third parties that support us; acquisition-related risks that could negatively affect the success of our growth strategy, including the possibility that we may not be able to successfully identify suitable acquisition candidates, complete acquisitions, successfully integrate acquired businesses into our operations and expand into new markets; risks related to our international operations, which may result in additional risks or require more management time and expense than our domestic operations to achieve or maintain profitability; the requirement for additional resources and time to adequately respond to dynamics resulting from rapid technological change, including the increasing use of artificial intelligence and robotic processing automation; the loss of or significant change to any of our insurance company or intermediary relationships, which could result in loss of capacity to write business, additional expense, loss of market share or material decrease in our commissions; the effect of natural disasters on our Contingents, insurer capacity or claims expenses within our captive insurance facilities; adverse economic conditions, political conditions, outbreaks of war, disasters, or regulatory changes in states or countries where we have a concentration of our business; the inability to maintain our culture or a significant change in management, management philosophy or our business strategy; fluctuations in our commission revenue as a result of factors outside of our control; the effects of significant or sustained inflation or higher interest rates; claims expense resulting from the limited underwriting risk associated with our participation in captive insurance facilities; risks associated with our automobile and recreational vehicle finance and incentives dealer services (“F&I”) businesses; changes in, or the termination of, certain programs administered by the U.S. federal government from which we derive revenues; the limitations of our system of disclosure and internal controls and procedures in preventing errors or fraud, or in informing management of all material information in a timely manner; our reliance on vendors and other third parties to perform key functions of our business operations and provide services to our customers; the significant control certain shareholders have; changes in data privacy and protection laws and regulations or any failure to comply with such laws and regulations; improper disclosure of confidential information; our ability to comply with non-U.S. laws, regulations and policies; the potential adverse effect of certain actual or potential claims, regulatory actions or proceedings on our businesses, results of operations, financial condition or liquidity; uncertainty in our business practices and compensation arrangements with insurance carriers due to potential changes in regulations; regulatory changes that could reduce our profitability or growth by increasing compliance costs, technology compliance, restricting the products or services we may sell, the markets we may enter, the methods by which we may sell our products and services, or the prices we may charge for our services and the form of compensation we may accept from our customers, carriers and third parties; increasing scrutiny and changing laws or competing expectations from regulators, investors and customers with respect to our environmental, social and governance practices and disclosure; a decrease in demand for liability insurance as a result of tort reform legislation; our failure to comply with any covenants contained in our debt agreements; the possibility that covenants in our debt agreements could prevent us from engaging in certain potentially beneficial activities; fluctuations in foreign currency exchange rates; a downgrade to our corporate credit rating, the credit ratings of our outstanding debt or other market speculation; future sales or other dilution of our equity could adversely affect the market price of our common stock; changes in the U.S.-based credit markets that might adversely affect our business, results of operations and financial condition; changes in current U.S. or global economic conditions, including an extended slowdown in the markets in which we operate; disintermediation within the insurance industry, including increased competition from insurance companies, technology companies and the financial services industry, as well as the shift away from traditional insurance markets; conditions that result in reduced insurer capacity; quarterly and annual variations in our commissions that result from the timing of policy renewals and the net effect of new and lost business production; intangible asset risk, including the possibility that our goodwill may become impaired in the future; changes in our accounting estimates and assumptions; other risks and uncertainties as may be detailed from time to time in our public announcements and Securities and Exchange Commission (“SEC”) filings; and other factors that the Company may not have currently identified or quantified. Assumptions as to any of the foregoing, and all statements, are not based upon historical fact, but rather reflect our current expectations concerning future results and events. Forward-looking statements that we make or that are made by others on our behalf are based upon a knowledge of our business and the environment in which we operate, but because of the factors listed above, among others, actual results may differ from those in the forward-looking statements. Consequently, these cautionary statements qualify all of the forward-looking statements we make herein. We cannot assure you that the results or developments anticipated by us will be realized, or even if substantially realized, that those results or developments will result in the expected consequences for us or affect us, our business or our operations in the way we expect. We caution readers not to place undue reliance on these forward-looking statements. All forward-looking statements made herein are made only as of the date of this press release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.

Non-GAAP supplemental financial information
This press release contains references to "non-GAAP financial measures" as defined in SEC Regulation G, consisting of Organic Revenue, Organic Revenue with Contingents, EBITDAC, EBITDAC Margin, EBITDAC - Adjusted, EBITDAC Margin - Adjusted and Diluted Net Income Per Share - Adjusted. We present these measures because we believe such information is of interest to the investment community and because we believe they provide additional meaningful methods to evaluate the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis due to the impact of certain items that have a high degree of variability, that we believe are not indicative of ongoing performance and that are not easily comparable from period to period. This non-GAAP financial information should be considered in addition to, not in lieu of, GAAP information as of the relevant date. Consistent with Regulation G, a description of such information is provided below, and tabular reconciliations of such items to our most directly comparable GAAP information can be found within this press release as well as in our periodic filings with the SEC.

We view Organic Revenue and Organic Revenue growth (including Organic Revenue with Contingents and its growth) as important indicators when assessing and evaluating our performance on a consolidated basis and for each of our two segments, because they allow us to determine a comparable, but non-GAAP, measurement of revenue growth that is associated with the revenue sources that were a part of our business in both the current and prior year and that are expected to continue in the future. In addition, we believe Diluted Net Income Per Share - Adjusted provides a meaningful representation of our operating performance and improves the comparability of our results between periods by excluding the impact of the change in estimated acquisition earn-out payables, the impact of amortization of intangible assets and certain other non-recurring or infrequently occurring items. We also view EBITDAC, EBITDAC - Adjusted, EBITDAC Margin and EBITDAC Margin - Adjusted as important indicators when assessing and evaluating our performance, as they present more comparable measurements of our operating margins in a meaningful and consistent manner. As disclosed in our most recent proxy statement, we use Organic Revenue growth, Diluted Net Income Per Share - Adjusted and EBITDAC Margin - Adjusted as key performance metrics for our short-term and long-term incentive compensation plans for executive officers and other key employees.

Non-GAAP Revenue Measures

Organic Revenue is our core commissions and fees less: (i) the core commissions and fees earned for the first twelve months by newly acquired operations; (ii) divested business (core commissions and fees generated from offices, books of business or niches sold or terminated during the comparable period); (iii) Foreign Currency Translation (as defined below) and (iv) the Litigation-Related Impact. The term “core commissions and fees” excludes profit-sharing contingent commissions (“Contingents”); and therefore, represents the revenues earned directly from specific insurance policies sold and specific fee-based services rendered. Growth of Organic Revenue can be expressed as a dollar amount or a percentage rate.Organic Revenue with Contingents is Organic Revenue plus Organic Contingents (as defined below). Growth of Organic Revenue with Contingents can be expressed as a dollar amount or a percentage rate. Non-GAAP Earnings Measures

EBITDAC is defined as income before interest, income taxes, depreciation, amortization and the change in estimated acquisition earn-out payables.EBITDAC Margin is defined as EBITDAC divided by total revenues.EBITDAC - Adjusted is defined as EBITDAC, excluding (i) (gain)/loss on disposal (as defined below), (ii) Acquisition/Integration Costs (as defined below) and (iii) mark-to-market of escrow liability (as defined below).EBITDAC Margin - Adjusted is defined as EBITDAC - Adjusted divided by total revenues.Diluted Net Income Per Share - Adjusted is defined as diluted net income per share, excluding the after-tax impact of (i) the change in estimated acquisition earn-out payables, (ii) (gain)/loss on disposal, (as defined below), (iii) Acquisition/Integration Costs (as defined below), (iv) mark-to-market of escrow liability (as defined below) in periods wherein the effect of mark-to-market of escrow liability is not dilutive to the Company's earnings and, therefore, not already excluded from the calculation of diluted net income per share in accordance with ASC 260, and (v) amortization.
Definitions Related to Certain Components of Non-GAAP Measures

“Acquisition/Integration Costs” means the acquisition and integration costs (e.g., costs associated with regulatory filings; costs for third-party professional services, including legal, accounting, consulting, financial advisory and due diligence; costs and fees associated with entry into the bridge financing commitment; costs of integrating or streamlining processes and information technology systems, including data migration and system integration; costs associated with optimizing vendor agreements and leased office space, including exit costs related to location combinations; and employment-related costs, including severance payments, costs associated with the transition of certain legacy compensation programs, retention-related compensation expenses, and incentive payments) arising out of our acquisition of Accession and acquisitions previously completed by Accession, which are not considered to be normal, recurring or part of ongoing operations.“Foreign Currency Translation” means the period-over-period impact of foreign currency translation, which is calculated by applying current-year foreign exchange rates to the various functional currencies in our business to our reporting currency of US dollars for the same period in the prior year.“(Gain)/loss on disposal” is a caption on our consolidated statements of income which reflects net proceeds received as compared to the net book value related to sales of books of business and other divestiture transactions.“Mark-to-market of escrow liability” is a caption on our consolidated statements of income which reflects the non-cash change in the fair value associated with certain shares of the Company’s common stock held in escrow. The change is driven by fluctuations in our stock price between the beginning of the quarter and the end of the quarter. These escrowed shares represent a portion of the merger consideration payable in connection with our acquisition of Accession. The escrowed shares secure certain indemnification obligations of the Accession equity holders related to businesses that are in run-off or discontinued.“Litigation-Related Impact” means the core commissions and fees attributable to (i) the loss of specifically identified customer accounts and (ii) new business generated in the prior year by certain former employees, in each case in connection with the conduct of a competitor that is the subject of pending litigation in multiple jurisdictions.“Organic Contingents” are Contingents, less (i) Contingents earned for the first twelve months by newly acquired stand-alone operations and (ii) Contingents earned from divested stand-alone operations (Contingents generated from stand-alone operations sold or terminated during the comparable period). Our industry peers may provide similar supplemental non-GAAP information with respect to one or more of these measures, although they may not use the same or comparable terminology and may not make identical adjustments and, therefore comparability may be limited.  This supplemental non-GAAP financial information should be considered in addition to, and not in lieu of, the Company's condensed consolidated financial statements.

For more information:

R. Andrew Watts
Chief Financial Officer
(386) 239-5770

For the quarter ended March 2026, Brown & Brown (BRO - Free Report) reported revenue of $1.9 billion, up 35.4% over the same period last year. EPS came in at $1.39, compared to $1.29 in the year-ago quarter.

The reported revenue represents a surprise of +1.44% over the Zacks Consensus Estimate of $1.87 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +2.06%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Brown & Brown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Investment income: $18 million compared to the $24.1 million average estimate based on three analysts. The reported number represents a change of 0% year over year.Revenues- Commissions and fees: $1.88 billion versus the three-analyst average estimate of $1.86 billion. The reported number represents a year-over-year change of +35.7%.Commissions and fees- Specialty Distribution: $677 million compared to the $619.55 million average estimate based on three analysts.Commissions and fees- Retail: $1.2 billion versus the three-analyst average estimate of $1.24 billion.Total revenues- Retail: $1.21 billion versus the two-analyst average estimate of $1.26 billion. The reported number represents a year-over-year change of +33.4%.Total Revenues- Specialty Distribution: $682 million versus $636.13 million estimated by two analysts on average.Total revenues- Other: $9 million versus $15.23 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10% change.Investment and other income- Retail: $5 million versus $3.1 million estimated by two analysts on average.Investment and other income- Specialty Distribution: $5 million compared to the $5.75 million average estimate based on two analysts.Income before income taxes- Retail: $317 million compared to the $355.21 million average estimate based on three analysts.Income before income taxes- Specialty Distribution: $221 million versus the three-analyst average estimate of $188.33 million.Income before income taxes- Other: $-5 million versus the two-analyst average estimate of $-116.18 million.View all Key Company Metrics for Brown & Brown here>>>

Shares of Brown & Brown have returned +3.9% over the past month versus the Zacks S&P 500 composite's +9.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Brown & Brown, Inc. (BRO) Q1 2026 Earnings Call Transcript

On May 18, 2026, Brown and Brown Inc (BRO) shares rose 4.3% to a current price of $58.69. This price performance is notable as it oscillates between a 52-week hig

Investors in Brown & Brown, Inc. (BRO - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $40.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Brown & Brown shares, but what is the fundamental picture for the company? Currently, Brown & Brown is a Zacks Rank #3 (Hold) in the Insurance - Brokerage industry that ranks in the Bottom 16% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.10 per share to $1.09 in that period.

Given the way analysts feel about Brown & Brown right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to report that drilling at the Sunnyside Property has completed 19 holes for a total of 20,005 feet, testing the near surface hypogene chalcocite targets along with extensions of the silver rich World's Fair and January-Norton mine structure and vein-hosted mineral systems. The Company expects the Phase II drill program to be completed by early July 2026.

Continuous Copper Mineralization for Over 1,000 Metres Depth

Figure 1 shows copper and silver results from the Company's news release of May 4, 2026, along the A-A" section line. Together with historical results from ASARCO hole TM-8, mineralization reported in SUN26-001R and SUN26-002R demonstrates more than 1,000 metres of continuous vertical copper mineralization.

"The current drill program is focused on exploring and testing near-surface targets to depths of up to 450 metres (1,500 ft). These targets will be further evaluated and defined this fall as part of a 15,240 metre (50,000 ft) drill program," said CEO William Wulftange. "We are sending statements of work to several drill companies interested in bidding on the project and expect to begin the program in late Q3 or early Q4, 2026. The goal of this program will be to extend the near-surface copper to depth and define the lithologic and structural components within the deposit."

Sunnyside Drill Program Progress

The Spring 2026 drill program has focused on retesting mineralized zones previously identified by ASARCO beginning with the historical "BB" drill hole locations where 10 holes were completed (referred to as the Triple C target in the prior press release). The rig then moved to the north 650 metres and drilled to the NE, SE, S and SW, completing four holes to test mineral continuity. The rig was then moved approximately 300 metres to the south where four holes were drilled vertically and to the SW and W, again testing mineral continuity. Our final platform is located an additional 400 metres to the southwest where we will drill an additional four or five holes to complete the Phase II drill program by late June/early July (Figure 2), and complete the required 25,000ft of drilling to increase the Company's ownership interest in the Sunnyside deposit to 67.5%. Please see Table 1 for drill hole location, azimuth, inclination and depth information.

Logging of the reverse circulation drill chips show all holes contain significant sulfides including chalcocite, chalcopyrite, tennantite-enargite, stibnite, sphalerite and pyrite, and at least two holes contain cerargyrite and proustite (silver halide and silver sulfosalt) minerals. The near-term goal is to define the lateral extents of the copper and polymetallic mineralization to optimize drill locations for the Fall 2026 drill program that will further test the tenor, depth extent and continuity of the copper porphyry system. The Company expects to release further assay results from the Phase II drill program later this month.

Figure 1. View to the north, 300-metre section width. SUN26-001R and SUN26-002R, when combined with nearby results from TM-8, establish a >1,000-metre vertical zone of continuous copper mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/301018_22449199e442386d_002full.jpg

Figure 2. Plan view drill hole locations at the "Triple C" target within the Sunnyside Porphyry system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/301018_22449199e442386d_003full.jpg

Geologic Information

Table 1. Drill hole locations

Sunnyside Geophysical Surveys

Barksdale is proposing to complete an Airborne TEM survey of the entire property as a first step to define targets to follow-up with CSAMT surveys; the work is planned to be completed prior to the Fall 2026 drill program. The Company has engaged Ellis Geophysical Consulting to help design and implement the program.

San Javier

The Company has received final assay results from the gold-focused resampling program and will post a separate press release listing the results and impact on the project in the coming weeks.

Sampling and QAQC

Reverse circulation chip samples are placed in bar-coded samples bags at the drill rig; samples averaging 5 kg are collected from the drill site by Barksdale representatives and transported to a locked, gated compound where they are dried prior to shipping. Dried samples are then placed in large totes and transferred to a Skyline Assayers truck for transport to the assay laboratory in Tucson, Arizona. All samples for this drill program are being submitted for multi-element and gold analysis at Skyline Assayers & Laboratories of Tucson, Arizona. Samples are primary crushed to >75% passing -10 mesh (2000 microns) and then pulverized to >95% passing -150 mesh (100 microns). Gold is then analyzed by fire assay AAS using a 30g charge. Multi-element analysis was conducted using Aqua Regia digestion with ICP-OES analysis for 31 elements. All pulps and coarse rejects will be retained and returned to the Company for long-term storage.

Quality Assurance & Quality Control (QAQC) samples were inserted into the sample stream at a 6% overall ratio comprising 2% certified reference materials or standards, 2% blank material, and 2% field duplicates that are collected at the drill. Results from the QAQC program are reviewed by the Qualified Person (QP) for the Company to assure assay result accuracy and precision prior to any data being released to the market.

Scientific and technical information in this news release has been reviewed and approved by Alan Roberts, Vice President of Exploration of the Company, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologist (AIPG # 11260) and is a "Qualified Person" as defined in National Instrument 43-101.

Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

BARKSDALE RESOURCES CORP.

William Wulftange
Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the timing, scope and completion of the Phase II drill program at Sunnyside; the expected release of additional assay results; the planned Fall 2026 core drill program, including its timing, objectives and ability to test or extend mineralization; the proposed airborne geophysical surveys; the anticipated release of San Javier results; the Company's ability to complete the required drilling to increase its ownership interest in Sunnyside to 67.5%; and the Company's interpretations regarding the continuity, depth extent, tenor and significance of mineralization at Sunnyside.

Forward-looking statements are based on assumptions management considers reasonable as of the date hereof, including assumptions regarding the accuracy and reliability of current and historical exploration data, the validity of geological interpretations, the timely receipt of assay results, the availability of contractors, equipment, personnel, permits, approvals, access and financing, and the Company's ability to complete planned exploration programs on expected timelines and budgets.

Actual results may differ materially from those expressed or implied by forward-looking statements due to risks and uncertainties including, but not limited to, exploration results failing to confirm the Company's expectations; mineralization not being continuous, economic or amenable to future development; historical data proving incomplete or unreliable; assay results differing from visual logging or preliminary interpretations; delays or changes in drilling, geophysical surveys, permitting, approvals, access, contractor availability, equipment, weather, safety, environmental, technical, labour, community, financing or market conditions; and volatility in commodity prices and capital markets.

Mineral exploration is inherently uncertain, and there can be no assurance that the Company's exploration programs will confirm the continuity, grade, scale or significance of mineralization. Forward-looking statements speak only as of the date of this news release. The Company does not undertake any obligation to update or revise such statements except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301018

Source: Barksdale Resources Corp.

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