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Brown & Brown revenue jumps, but organic growth slips for second quarter
Total revenues rose 30.4% year over year to $1.7 billion, while organic revenue fell 0.7% as Accession integration costs weighed on results.
Brown & Brown, Inc. reported second-quarter 2026 total revenues of $1.7 billion, up 30.4% year over year, but organic revenue declined 0.7%, marking the second straight quarter of stalled or falling underlying growth as Accession integration costs weighed on performance, according to Insurance Business.
The acquisitions helped drive the headline growth, while organic revenue with contingents, which includes profit-sharing commissions, edged up 0.7% to partially offset the core decline. Net income attributable to the company rose to $288 million, up 24.7% from the prior-year quarter, and diluted net income per share increased to $0.84, up 7.7%.
Brown & Brown also reported adjusted diluted earnings per share of $1.07, up 3.9%, and adjusted EBITDAC of $598 million, up 27%, but profitability was under pressure. The adjusted EBITDAC margin contracted to 35.7% from 36.7% a year earlier as the expanded acquisition cost base weighed on earnings, with employee compensation and benefits rising to $838 million from $640 million.
Segment results showed uneven organic performance, with the retail segment up 1.5% on net new business and exposure unit expansion, offset in part by falling catastrophe property rates and lower specialty pharmacy revenues. The specialty distribution segment saw organic revenue fall 3.5%, hurt by declining catastrophe property rates and about $10 million in timing issues tied to new business, as Brown & Brown also included a litigation-related impact adjustment in its organic revenue reconciliation.