Equity Profile

BRO

Brown & Brown, Inc.

FinancialsInsurance Brokers$24.0B

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 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 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

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 range of insurance products and services. Operating in the financial sector, the company plays a crucial role in helping businesses and individuals manage risk and protect their assets, 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 the last quarter, Brown & Brown reported an EPS of $1.39, slightly beating estimates by 2.06%. The stock saw a modest increase of 0.33% the following day, indicating a generally positive reaction from investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the upcoming earnings report, given the company's strong track record of beating EPS estimates. However, there is uncertainty due to the lack of specific guidance for this quarter.

Bull Case

If Brown & Brown continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investors, potentially driving the stock price higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in investor confidence and a drop in the stock price.

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, the actual EPS figure will be crucial in determining investor sentiment and stock performance.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help assess the company's market position and ability to attract new clients, which is vital for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Brown & Brown to exceed EPS expectations based on its historical performance and recent operational improvements.

Supporting Evidence

The company has consistently beaten EPS estimates in 88% of its recent quarters.

Options are pricing in a significant move of 8.67%, suggesting that traders expect volatility that may not align with historical performance.

The stock has shown resilience in previous quarters, even when facing challenges.

Key Risk

If the EPS comes in below $1.30, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is particularly important as it will reflect the company's ability to maintain its growth trajectory amidst market challenges.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $1.30 would confirm the bear case, raising concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move of approximately 8.67%, indicating that traders expect volatility around the earnings report.

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 Brown & Brown beats expectations, history suggests the stock could rise by approximately 0.25%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.38%, which could raise concerns about its growth strategy.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or partnerships.
2Insights into revenue growth trends compared to previous quarters.
3Management's outlook on market conditions and competitive landscape.
4Details on cost management strategies and their impact on profitability.
5Any commentary on regulatory changes affecting the insurance industry.

See the full picture

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

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Company Snapshot

Brown & Brown, Inc. (BRO) is a leading insurance brokerage firm that provides a 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 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

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Brown & Brown continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investors, potentially driving the stock price higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in investor confidence and a drop in the stock price.

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, the actual EPS figure will be crucial in determining investor sentiment and stock performance.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help assess the company's market position and ability to attract new clients, which is vital for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Brown & Brown to exceed EPS expectations based on its historical performance and recent operational improvements.

Supporting Evidence

The company has consistently beaten EPS estimates in 88% of its recent quarters.

Options are pricing in a significant move of 8.67%, suggesting that traders expect volatility that may not align with historical performance.

The stock has shown resilience in previous quarters, even when facing challenges.

Key Risk

If the EPS comes in below $1.30, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is particularly important as it will reflect the company's ability to maintain its growth trajectory amidst market challenges.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $1.30 would confirm the bear case, raising concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.67%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move of approximately 8.67%, indicating that traders expect volatility around the earnings report.

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 Brown & Brown beats expectations, history suggests the stock could rise by approximately 0.25%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 0.38%, which could raise concerns about its growth strategy.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or partnerships.
2Insights into revenue growth trends compared to previous quarters.
3Management's outlook on market conditions and competitive landscape.
4Details on cost management strategies and their impact on profitability.
5Any commentary on regulatory changes affecting the insurance industry.