Equity Profile

BRO

Brown & Brown, Inc.

FinancialsInsurance Brokers$20.0B

Jul27Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Brown & Brown, Inc. is a leading insurance brokerage firm that provides a range of insurance products and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and attract new clients, which is vital for long-term success.

N/A

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

BRO Q2-2026 Earnings Preview

Context

Company Snapshot

Brown & Brown, Inc. is a leading insurance brokerage firm that provides a range of insurance products and services. Operating in the financial sector, the company plays a crucial role in risk management for businesses and individuals, making it an important player in the insurance industry.

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 Q1-2026, Brown & Brown reported an EPS of $1.39, slightly beating estimates. The stock saw a modest increase of 0.33% the following day, indicating a positive market reaction.

Management Promises & Guidance

Continue to focus on expanding service offerings.
Maintain strong client relationships to ensure retention.
Explore strategic acquisitions to drive growth.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's strong track record of beating EPS estimates. However, there are concerns about potential revenue growth amid a competitive landscape.

Bull Case

If Brown & Brown can deliver strong EPS and demonstrate solid revenue growth, it could validate investor confidence and lead to a significant stock price increase.

Bear Case

On the other hand, any signs of slowing revenue growth or failure to meet EPS expectations could lead to a negative reaction from the market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be critical in shaping investor sentiment.

How is the company addressing client retention in a competitive market?

Client retention is vital for sustained revenue growth, and any insights on this will be closely monitored by investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for revenue growth driven by strategic acquisitions and expanded service offerings.

Supporting Evidence

Brown & Brown has a strong track record of beating EPS estimates, which could indicate stronger performance than expected.

The company's focus on client retention and satisfaction may lead to better-than-anticipated revenue stability.

Key Risk

If the company reports an EPS below $1.30, it could significantly undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Brown & Brown can maintain its growth trajectory amidst competitive pressures.

Bull Confirmed If

An EPS of $1.45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.30 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±8.7% while BRO has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.7%

Calls (4K)P/C Ratio: 0.53Puts (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 the company beats expectations, history suggests a potential stock increase of around +0.25%, confirming positive market sentiment.

In-Line / Cautious

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

Miss

A miss on EPS could lead to a decline of about -0.38%, reflecting disappointment among investors.

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 strategic acquisitions and their expected impact on revenue.
2Insights into client retention strategies and their effectiveness.
3Management's outlook on market conditions and competitive pressures.
4Details on revenue growth across different segments.
5Any commentary on cost management and operational efficiency.

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Company Snapshot

Brown & Brown, Inc. is a leading insurance brokerage firm that provides a range of insurance products and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and attract new clients, which is vital for long-term success.

N/A

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

BRO Q2-2026 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 Q1-2026, Brown & Brown reported an EPS of $1.39, slightly beating estimates. The stock saw a modest increase of 0.33% the following day, indicating a positive market reaction.

Management Promises & Guidance

Continue to focus on expanding service offerings.
Maintain strong client relationships to ensure retention.
Explore strategic acquisitions to drive growth.

Expectations

Wall Street Expectations

Bull Case

If Brown & Brown can deliver strong EPS and demonstrate solid revenue growth, it could validate investor confidence and lead to a significant stock price increase.

Bear Case

On the other hand, any signs of slowing revenue growth or failure to meet EPS expectations could lead to a negative reaction from the market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be critical in shaping investor sentiment.

How is the company addressing client retention in a competitive market?

Client retention is vital for sustained revenue growth, and any insights on this will be closely monitored by investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for revenue growth driven by strategic acquisitions and expanded service offerings.

Supporting Evidence

Brown & Brown has a strong track record of beating EPS estimates, which could indicate stronger performance than expected.

The company's focus on client retention and satisfaction may lead to better-than-anticipated revenue stability.

Key Risk

If the company reports an EPS below $1.30, it could significantly undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Brown & Brown can maintain its growth trajectory amidst competitive pressures.

Bull Confirmed If

An EPS of $1.45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.30 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±8.7% while BRO has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.7%

Calls (4K)P/C Ratio: 0.53Puts (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 the company beats expectations, history suggests a potential stock increase of around +0.25%, confirming positive market sentiment.

In-Line / Cautious

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

Miss

A miss on EPS could lead to a decline of about -0.38%, reflecting disappointment among investors.

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 strategic acquisitions and their expected impact on revenue.
2Insights into client retention strategies and their effectiveness.
3Management's outlook on market conditions and competitive pressures.
4Details on revenue growth across different segments.
5Any commentary on cost management and operational efficiency.