Brown & Brown Q3 revenue rises 7.4% year over year

what happened

Insurance broker Brown & Brown reported its third-quarter 2026 results. Revenue reached $1.725 billion, up 7.4% from a year earlier. Organic revenue grew 1.2%, or 1.5% including contingent revenue. Net income attributable to the company was $240 million, with diluted EPS of $0.67 and adjusted diluted EPS of $1.07.

Adjusted EBITDAC rose 1.7% to $597 million, but its margin narrowed from 36.6% to 34.6%. Income before income taxes grew 2.9% to $320 million, while its margin fell to 18.6% from 19.4%. The figures are as reported by TradingView, based on documents filed with the SEC.

Chief Executive Officer J. Powell Brown said the company won more customers despite a challenging rate environment. He added that roughly 5,000 teammates joined through the Accession acquisition just over a year ago. The group now operates from more than 700 locations with approximately 23,000 professionals.

why it matters

The key question for investors is that revenue growth has been driven largely by acquisitions, while organic growth remains weak at 1.2%. Lower margins on both adjusted EBITDAC and pre-tax income point to pressure on profitability. For the insurance brokerage sector, the results are a useful gauge of demand and pricing.

market impact

Insurance brokers: weak organic growth weighs on sector expectations

tags

instruments