Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs Brown & Brown (NYSE:BRO) reported second-quarter revenue of $1.7 billion, up 30.4% from a year earlier, as acquisition activity and higher contingent commissions helped offset pressure from declining…
tastrophe-property insurance rates. Chief Executive Officer Powell Brown said the company’s results came in modestly ahead of its expectations despite continued declines in catastrophe-property pricing
Adjusted diluted earnings per share increased 3.9% to $1.07, while adjusted EBITDAC rose 27%. The company’s adjusted EBITDAC margin declined 100 basis points year over year to 35.7%. – Dutch Bros Q1 Earnings: The Newest Starbucks Rival Faces Its First Big Reality Check “We’re pleased with our financial performance for the quarter,” Brown said, pointing to the work of the company’s employees in providing risk-management solutions to customers. Organic Growth Varies by Segment Organic revenue declined 0.7% from the prior-year period, but increased 0.7% when contingent commissions were included.
Brown said the company began providing both measures because contingent commissions can fluctuate by quarter and because many peers do not separately disclose them. – 2026 Food Inflation Outlook: This ETF Could Outperform In the Retail segment, organic revenue grew 2.5% including contingent commissions and 1.5% excluding them. Brown said net new business was better than expected and contingent commissions were particularly strong, although he added that Retail’s organic growth “is not where we want it to be yet.” The company is working to combine two large organizations and said its enhanced go-to-market sales model is gaining momentum as teams collaborate on new business opportunities. CFO Andy Watts said Retail’s total revenue increased 35.9%, primarily due to acquisitions completed over the past year.