Brown & Brown Reports Higher 2Q Profit, Rev

Dow Jones

Jul 28

Brown & Brown reported a higher second-quarter profit, driven by growth in commission and fees revenue.

The insurance company on Monday reported a profit of $288 million, or 84 cents a share, for the quarter ended June 30. That compares with a profit of $231 million, or 78 cents a share, in the same period a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of $1.07 a share. Analysts surveyed by FactSet were expecting $1.08 a share.

Revenue rose to $1.68 billion from $1.29 billion. Analysts were expecting $1.71 billion in revenue.

Shares fell 5.3% to $66.00 in after-hours trading. The stock closed up 3% to $69.70, down 13% year-to-date.

Most of the company's topline came from commission and fees revenue, which rose to $1.65 billion from $1.25 billion. Investment revenue and income from other sources fell to $22 million from $36 million.

"We are pleased with our financial results for the quarter and have great momentum as we head into the back half of the year," Chief Executive Officer J. Powell Brown said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 27, 2026 17:10 ET (21:10 GMT)

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Powell Brown said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 27, 2026 17:10 ET (21:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2108987350.USD","symbol_name":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2654230190","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654230190","pubTimestamp":1785186600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Brown & Brown reported a higher second-quarter profit, driven by growth in commission and fees revenue.The insurance company on Monday reported a profit of $288 million, or 84 cents a share, for the quarter ended June 30. 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That compares with a profit of $231 million, or 78 cents a share, in the same period a year earlier. \n\n\n  Stripping out certain one-time items, the company reported adjusted earnings of $1.07 a share. Analysts surveyed by FactSet were expecting $1.08 a share. \n\n\n  Revenue rose to $1.68 billion from $1.29 billion. Analysts were expecting $1.71 billion in revenue. \n\n\n  Shares fell 5.3% to $66.00 in after-hours trading. The stock closed up 3% to $69.70, down 13% year-to-date. \n\n\n  Most of the company's topline came from commission and fees revenue, which rose to $1.65 billion from $1.25 billion. Investment revenue and income from other sources fell to $22 million from $36 million. \n\n\n  \"We are pleased with our financial results for the quarter and have great momentum as we head into the back half of the year,\" Chief Executive Officer J. Powell Brown said. \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 27, 2026 17:10 ET (21:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}