Brown & Brown Inc

Brown & Brown posted a solid first quarter for fiscal 2026, with adjusted diluted EPS rising 7.8% to $1.39 and total revenues climbing 35.4% to $1.90 billion, driven almost entirely by the company's transformative acquisition of Accession, which closed in the prior year. The deal reshaped the enterprise at scale, but the underlying growth picture was more measured, with organic revenue flat at 0.0% and organic revenue including contingents up just 2.2%, signaling a challenging operating environment beyond the acquisition lift. GAAP diluted EPS fell 7.8% to $1.06, weighed down by sharply higher amortization of $116.00 million and interest expense of $99.00 million, both direct consequences of financing the Accession deal. Adjusted EBITDAC advanced 36.6% to $731.00 million, with margins nudging higher to 38.5% from 38.1%, suggesting early signs of operating leverage in the combined business. The company also repurchased $250.00 million in stock during the quarter, even as total debt stood at approximately $7.82 billion.