Brown & Brown Reports Q3 2026 Results with Increased Synergy Targets and Continued Dividend Growth
Brown & Brown (BRO) reported third-quarter 2026 revenue of $1.7 billion, a 7.4% increase year-over-year. The company's performance was characterized by strong organic growth in its Retail segment, which helped offset headwinds in Specialty Distribution caused by downward pressure from admitted carriers and delayed program onboarding. Following the first full year since the Accession acquisition, management raised its run-rate net synergy targets to $175 million by the end of 2028. Despite a slight decrease in Adjusted EBITDAC margin due to lower interest income, the company demonstrated strong cash flow from operations, totaling $1.1 billion for the first nine months of the year. The company continues its long-term capital return strategy, having repurchased $750 million in shares through September 2026 and marking its 33rd consecutive year of dividend increases with a 9% annual raise.
Tickers: $BRO
Topics: Adjusted EPS Dividend Increase Financial Guidance M&A Synergies Revenue Growth Share Repurchases
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