Equity Profile

BRO

Brown & Brown, Inc.

FinancialsInsurance Brokers$20.0B

Apr27Mon

Post-Earnings Recap

ReportedQ1-2026After Close5:03 PM EDT

Brown & Brown, Inc. Beats on EPS, Stock Up 0.33%

Metric	Actual	Expected	Surprise
EPS	$1.39	$1.36	+2.06%
Revenue	N/A	$1.9B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Brown & Brown, Inc. Beats on EPS, Stock Up 0.33%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.39	$1.36	+2.06%
Revenue	N/A	$1.9B	N/A

Management Commentary

Tone: Cautiously Optimistic

Overall, management expressed confidence in the company's ability to navigate current market conditions. They noted that while the EPS beat expectations, they did not provide specific revenue figures or guidance.

Management highlighted strong operational performance despite economic challenges.

They emphasized a focus on strategic growth initiatives moving forward.

What It Means

Brown & Brown's earnings report shows a positive surprise in EPS, indicating better-than-expected profitability. The stock's slight increase of 0.33% reflects investor confidence in the company's operational strength. However, the lack of revenue data and guidance may leave some investors cautious about future performance.

Company Snapshot

Brown & Brown Inc (BRO) is a leading insurance brokerage firm that provides a wide range of insurance and risk management services. Operating in the financial sector, the company plays a crucial role in helping individuals and businesses manage their insurance needs, which is particularly important in today's uncertain economic environment.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

$1.36

Revenue

Total revenue provides insight into the company's overall sales performance and growth potential.

$1.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.70%

Avg Stock Reaction

+0.26%

Last Quarter Recap

In the last quarter, Brown & Brown reported an EPS of $0.93, slightly beating estimates. The stock saw a modest increase of 0.56% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Brown & Brown to report strong earnings this quarter, with a consensus EPS of $1.36. The market is looking for continued growth in revenue and profitability.

Bull Case

If Brown & Brown exceeds EPS expectations, it could signal strong demand for insurance services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet EPS estimates, it may raise concerns about its growth trajectory and profitability, potentially leading to a decline in stock price.

Key Metrics to Watch

EPS

$1.36

Earnings per share (EPS) is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

Revenue

$1.9B

Total revenue provides insight into the company's overall sales performance and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $1.36?

A beat on EPS could indicate stronger than expected demand for insurance services, positively impacting investor sentiment.

What are the revenue growth expectations for this quarter?

Revenue growth is crucial for assessing the company's ability to expand and maintain profitability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of Brown & Brown's business model in a challenging economic environment, potentially leading to stronger earnings than anticipated.

Supporting Evidence

Brown & Brown has consistently beaten EPS estimates in the past, with an 88% beat rate.

The options market is pricing in a relatively modest move compared to historical volatility.

Key Risk

If the company reports strong revenue growth alongside EPS, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Brown & Brown can sustain its growth trajectory amid economic uncertainties.

Bull Confirmed If

An EPS of $1.40 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.32 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.81%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a move of about 1.81%, suggesting that investors expect some volatility around the earnings report.

Options are pricing ±7.8% while BRO has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

28.6%

Calls (15K)P/C Ratio: 0.15Puts (9K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

83.04%

of float

Insider

13.08%

of float

Holders

1,194

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
37,634,847 sh · $2.5B
11.06%
0.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Brown & Brown beats expectations, history suggests the stock could rise by around 0.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

If the company misses EPS estimates, history suggests a potential decline of about 0.38%, raising concerns about future growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·3 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new insurance products or services that could drive revenue growth.
2Management's commentary on market conditions and demand for insurance.
3Insights into customer retention rates and new client acquisitions.
4Guidance on future revenue expectations and growth strategies.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

$1.36

Revenue

Total revenue provides insight into the company's overall sales performance and growth potential.

$1.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.70%

Avg Stock Reaction

+0.26%

Last Quarter Recap

In the last quarter, Brown & Brown reported an EPS of $0.93, slightly beating estimates. The stock saw a modest increase of 0.56% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Brown & Brown to report strong earnings this quarter, with a consensus EPS of $1.36. The market is looking for continued growth in revenue and profitability.

Bull Case

If Brown & Brown exceeds EPS expectations, it could signal strong demand for insurance services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet EPS estimates, it may raise concerns about its growth trajectory and profitability, potentially leading to a decline in stock price.

Key Metrics to Watch

EPS

$1.36

Earnings per share (EPS) is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

Revenue

$1.9B

Total revenue provides insight into the company's overall sales performance and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $1.36?

A beat on EPS could indicate stronger than expected demand for insurance services, positively impacting investor sentiment.

What are the revenue growth expectations for this quarter?

Revenue growth is crucial for assessing the company's ability to expand and maintain profitability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of Brown & Brown's business model in a challenging economic environment, potentially leading to stronger earnings than anticipated.

Supporting Evidence

Brown & Brown has consistently beaten EPS estimates in the past, with an 88% beat rate.

The options market is pricing in a relatively modest move compared to historical volatility.

Key Risk

If the company reports strong revenue growth alongside EPS, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Brown & Brown can sustain its growth trajectory amid economic uncertainties.

Bull Confirmed If

An EPS of $1.40 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.32 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.81%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a move of about 1.81%, suggesting that investors expect some volatility around the earnings report.

Options are pricing ±7.8% while BRO has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

28.6%

Calls (15K)P/C Ratio: 0.15Puts (9K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

83.04%

of float

Insider

13.08%

of float

Holders

1,194

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
37,634,847 sh · $2.5B
11.06%
0.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Brown & Brown beats expectations, history suggests the stock could rise by around 0.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

If the company misses EPS estimates, history suggests a potential decline of about 0.38%, raising concerns about future growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·3 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new insurance products or services that could drive revenue growth.
2Management's commentary on market conditions and demand for insurance.
3Insights into customer retention rates and new client acquisitions.
4Guidance on future revenue expectations and growth strategies.