Equity Profile

BRO

Brown & Brown, Inc.

FinancialsInsurance Brokers$23.5B

Jul27Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for sustaining 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. (BRO) is a leading insurance brokerage firm that provides a wide range of insurance products and services. Operating within the financial sector, the company plays a crucial role in helping businesses and individuals manage risk through insurance solutions, which is particularly important in today's uncertain economic environment.

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 $1.39, slightly beating expectations. The stock reacted positively, gaining 0.33% the following day.

Management Promises & Guidance

Focus on expanding digital offerings to enhance customer experience.
Commitment to maintaining strong client relationships.
Plans to explore new market opportunities for growth.

Expectations

Wall Street Expectations

Overall, Wall Street is cautiously optimistic about Brown & Brown's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If Brown & Brown continues its trend of beating EPS estimates, it could signal robust demand for its services and lead to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about its growth prospects and negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining whether the company continues its trend of beating estimates, which could influence investor sentiment.

What is the outlook for revenue growth in the upcoming quarters?

Understanding the revenue growth outlook will help investors gauge the company's ability to sustain its performance and attract new clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Brown & Brown's ability to leverage its digital offerings for growth, especially in a market that increasingly values technology-driven solutions.

Supporting Evidence

The company's recent focus on enhancing digital services could attract new clients and increase retention.

Historical data shows a strong EPS beat rate of 88%, indicating consistent performance.

Options pricing suggests a significant move, which could be driven by positive developments not yet reflected in consensus.

Key Risk

If the company reports an EPS above $1.45, 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 maintain its growth momentum in a competitive landscape, making these thresholds critical.

Bull Confirmed If

An EPS of $1.45 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $1.30 would raise concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant potential move, suggesting that traders 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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

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 about 0.25%, confirming strong demand for its services.

In-Line / Cautious

If the results are in line with expectations, the stock may react cautiously as investors await further guidance from management.

Miss

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

Preparation

Congressional Activity

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

Trades

1 buy·2 sells

Members

House only

Est. Notional

$3,003.00–$45,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital service enhancements and their impact on client acquisition.
2Insights into client retention rates and how they compare to industry benchmarks.
3Management's commentary on market conditions and competitive landscape.
4Any guidance on revenue growth expectations for the next quarter.
5Details on cost management strategies and their effectiveness.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

DYNBMO

Dyne Therapeutics, Inc.

PreviewView

Jul27

ARLPBMO

Company Snapshot

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

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for sustaining 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 the last quarter, Brown & Brown reported an EPS of $1.39, slightly beating expectations. The stock reacted positively, gaining 0.33% the following day.

Management Promises & Guidance

Focus on expanding digital offerings to enhance customer experience.
Commitment to maintaining strong client relationships.
Plans to explore new market opportunities for growth.

Expectations

Wall Street Expectations

Overall, Wall Street is cautiously optimistic about Brown & Brown's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If Brown & Brown continues its trend of beating EPS estimates, it could signal robust demand for its services and lead to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about its growth prospects and negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining whether the company continues its trend of beating estimates, which could influence investor sentiment.

What is the outlook for revenue growth in the upcoming quarters?

Understanding the revenue growth outlook will help investors gauge the company's ability to sustain its performance and attract new clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Brown & Brown's ability to leverage its digital offerings for growth, especially in a market that increasingly values technology-driven solutions.

Supporting Evidence

The company's recent focus on enhancing digital services could attract new clients and increase retention.

Historical data shows a strong EPS beat rate of 88%, indicating consistent performance.

Options pricing suggests a significant move, which could be driven by positive developments not yet reflected in consensus.

Key Risk

If the company reports an EPS above $1.45, 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 maintain its growth momentum in a competitive landscape, making these thresholds critical.

Bull Confirmed If

An EPS of $1.45 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $1.30 would raise concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant potential move, suggesting that traders 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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

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 about 0.25%, confirming strong demand for its services.

In-Line / Cautious

If the results are in line with expectations, the stock may react cautiously as investors await further guidance from management.

Miss

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

Preparation

Congressional Activity

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

Trades

1 buy·2 sells

Members

House only

Est. Notional

$3,003.00–$45,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital service enhancements and their impact on client acquisition.
2Insights into client retention rates and how they compare to industry benchmarks.
3Management's commentary on market conditions and competitive landscape.
4Any guidance on revenue growth expectations for the next quarter.
5Details on cost management strategies and their effectiveness.