Recent Updates — BRO
Brown & Brown, Inc. reported second quarter 2026 results, achieving a total revenue of $1.7 billion, a 30.4% increase compared to the prior year. Diluted net income per share of $0.84, an increase of 7.7%, and adjusted diluted net income per share of adjusted $1.07, or a 3.9% increase. Brown & Brown, Inc. operates in the insurance brokerage industry and provides various insurance and risk management services.
Brown & Brown, Inc. shareholders approved an amendment to the company's 2019 Stock Incentive Plan, increasing the number of shares available for issuance by 6,900,000 and extending the plan's term. During the same annual meeting, shareholders also elected the company's board of directors and ratified Deloitte & Touche LLP as independent registered public accountants.
Brown & Brown, Inc. announced its financial results for the first quarter ended March 31, 2026, in a press release issued on April 27, 2026. This filing is material to investors as it signals the release of the company's most recent quarterly operational and financial performance data.
Brown & Brown, Inc. has established 2026 annual cash incentive targets and authorized various performance-based stock awards for its named executive officers. Target cash incentives include $5.5 million for J. Powell Brown, $1.4 million for R. Andrew Watts, $1.1 million for J. Scott Penny, and $1.4 million for Chris L. Walker. Additionally, the company approved performance stock awards for Brown ($10 million), Watts ($5 million), and Penny ($2.5 million), alongside a $1.5 million performance stock unit grant for Chris L. Walker.