Verified call record已核验电话会记录 · 2026-07-28

BRO · Brown & Brown Q2 FY2026 earnings call record财报电话会记录

Verbatim, receipt-bound excerpts from the earnings-call transcript. This is a source record, not a synthesized analysis or recommendation.来自财报电话会文字记录的原文、可追溯摘录。这是来源记录，不是综合分析或推荐。

Open ticker dossier打开个股档案BRO

12 exact excerpts 条原文摘录 13 numeric receipts 个数值回执 B governed source tier 治理来源层级 Transcript present电话会文本已具备

The record记录内容

Call language, kept intact.电话会表述，保持原貌。

The excerpts below are selected from the source record under the bounded evidence policy. Wording is not paraphrased; numbers remain the exact spans captured from the call.以下摘录按受限证据策略从来源记录中选出。文字未被改写；数字保持电话会中捕获的精确片段。

demandrisks

“This performance reflects the efforts of our exceptional team of professionals and their passion to deliver risk management solutions for our customers.”

Powell Brown · CEOclaim_33c330cd1ef0d3413001fd7885eb0207

performance

“Organic revenue decreased 70 basis points from the prior year and increased 70 basis points when including organic contingents.”

Powell Brown · CEOclaim_2b5ac62cb37cda5f47c165caa54b4a56

Exact numeric spans精确数值片段7070

performancemargins

“Our adjusted EBITDAC margin decreased 100 basis points to 35.7%, and our adjusted earnings per share grew nearly 4% to $1.7.”

Powell Brown · CEOclaim_9cd6ab3ee2f0b81ae59db41e63bd2052

Exact numeric spans精确数值片段10035.7%4%

demandrisks

“Those cost pressures continue to create demand for our advisory and consulting capabilities as customers look for strategies to better manage healthcare and pharmacy costs.”

Powell Brown · CEOclaim_cb4d44751ee08e2ba3b50de4611705da

guidanceperformancerisks

“Based on currently available information, we anticipate the full year 2026 revenue impact related to new and lost business, as well as incentives, to be in the range of $50 million-$60 million.”

Andy Wattsclaim_fc9bf19d9ba50d7575c62ffb338b6886

Exact numeric spans精确数值片段202650 million60

capital_allocation

“The higher contingents of $21 million were driven by $12 million of acquisition activity and $9 million from favorable underwriting performance.”

Andy Wattsclaim_58b9d08ff365a4e5f15d250a94954eba

Exact numeric spans精确数值片段21 million12 million9 million

performancemargins

“Our EBITAC margin decreased 400 basis points to 42.7%, primarily due to lower organic growth and investments in our European capabilities to support incremental growth opportunities, which more than offset higher contingent commissions.”

Andy Wattsclaim_8e480c080d1e257b4a9fe5a7d2358566

Exact numeric spans精确数值片段40042.7%

demandrisks

“Lastly, we wanted to further discussion from last quarter regarding artificial intelligence and our views on how AI may impact our business, our customers, and our industry.”

Powell Brown · CEOclaim_2e5b4bc6c4aa315d56b613e72d07f5fb

guidanceperformancerisks

“We don't see that same level of impact to cash flow going forward.”

Andy Wattsclaim_d7920f1338183da6ac4674bbff92a0ec

riskssegment_changes

“In the E&S CAT property rates, there'll probably be continued downward pressure barring event or events, and to continue upward pressure in certain segments of casualty, primary being under less pressure than the excess.”

Powell Brown · CEOclaim_6468dc4b6cc40023458524ab209f31c0

guidancemargins

“I think our commentary when we came into the year and guidances, we said that we anticipated that margins would be around flat, excluding lower investment income, and that was really the income that we picked up in the second quarter of last year.”

Andy Wattsclaim_9552b1c9c28ad9e4bab06744bf4e4881

capital_allocation

103

“At the present time, share repurchases, debt pay down, investments in technology, and selective M&A.”

Powell Brown · CEOclaim_6190eca58d54b5af8d3bfd41a06391a0

Inspect the source receipts检查来源回执25 bound spans个已绑定片段

Each row identifies the source body, transcript segment and byte span used to verify the visible text.每行标识用于核验可见文本的来源正文、电话会片段和字节范围。

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