General Questions Insurance Brokers

Research evidence excerpt

General Questions Insurance Brokers

Brown & Brown (BRO)

Organic Growth

As you look towards 2H26 and 2027, what are the primary catalysts to return to your

historical mid-to-upper single-digit range? Should we expect the same impacts from

multi-year policy renewals?

With CAT property rates declining 15% to 35% in early 2026, where do you see the

floor for property pricing as we head into the 2027 renewal cycle?

How much of the 50 to 100 basis point headwind from the pharmacy consulting

revenue model shift will persist into 2H26?

Following the departure of teammates recently to another firm, are compensation

models for producers and service staff changing to reflect this competitive environment?

Do you still see your current cash/equity mix as optimized? Why did you decide to treat

the lost revenue is inorganic and how will you treat any settlements?

Accession was the largest acquisition in company history. What have you learned so far

about integrating a business of that scale? How is the integration process tracking and is

there any updates to the synergies expected?

Could you compare what you are seeing in terms of pricing for different types of lines in

Property and Casualty and also by size of customer (i.e. smaller clients, middle market

and large)?

You mentioned that saw some business migrating back to admitted markets, from non

admitted? Could you elaborate on the key drivers? Should we expect this to continue

throughout 2H26 and 2027?

What are you seeing in terms of carrier appetite for MGA/Programs? How sustainable is

it?

Margins

Could you elaborate on the margin’s moving parts? Is there potential room for margin

expansion given Accession’s expected synergies?

How should we model the incremental margin impact from the use of AI enabled tools?