Brown & Brown Q2 Revenue Misses Estimates Despite 30% Growth

EarningsM&A · PartnershipProduct / Tech
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Summary · why it matters

Brown & Brown reported second-quarter revenue of $1.68 billion, missing analyst estimates of $1.72 billion but still rising 30.4% year on year. Adjusted earnings per share of $1.07 matched consensus, while adjusted EBITDA of $608.5 million slightly exceeded expectations. The company highlighted strong contingent commissions, progress integrating the Accession acquisition, and new AI partnerships with McKinsey, Accenture, and Anthropic as key drivers. Management expects $30 million to $40 million in cost synergies this year from recent deals and sees AI initiatives boosting productivity and margins over the next three to five years.

Impact on stocks 3

Financials▲ · 1 stocks
Brown & Brown Inc
BRO
± MixedCapitalrelevance

Revenue missed estimates but EPS met consensus; EBITDA slightly beat; AI partnerships and cost synergies are positive but near-term revenue miss is negative.

Artificial Intelligence▲ · 1 stocks
Accenture plc
ACN
▲ PositiveDemandrelevance

Brown & Brown's AI partnership with Accenture highlights demand for Accenture's AI consulting services.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 2

AnthropicPrivate▲ Positive
Demandrelevance

Brown & Brown's AI partnership with Anthropic highlights demand for Anthropic's AI models.

McKinsey & CompanyPrivate▲ Positive
Demandrelevance

Brown & Brown's AI partnership with McKinsey highlights demand for McKinsey's AI consulting services.

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