Brown & Brown profit jumps on Accession buy, higher fees and commissions

Brown & Brown

27/04/2026 22:20

April 27 (Reuters) - Brown & Brown BRO.N reported a 28.7% jump in first-quarter profit on Monday as the insurance broker benefited from higher commissions and fees and the acquisition of rival Accession Risk Management.

Insurance spending has remained resilient as individuals and businesses prioritize risk management to guard against threats such as climate-related disasters and hacking.

Here are some details:

Commissions and fees surged 35.7% to $1.88 billion in the quarter from a year earlier.

Organic revenue growth - a closely watched metric by analysts - was flat in the quarter.

Investment and other income rose to $21 million from $19 million a year earlier.

Brokers typically invest part of their cash in short-term money-market funds and fixed-income investment securities.

Profit attributable to Brown & Brown was $426 million in the three months ended March 31, compared with $331 million, a year earlier.

Daytona Beach, Florida-based Brown & Brown completed the nearly $10 billion purchase of Accession in August.

 (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Sriraj Kalluvila)

 ((ArasuKannagi.Basil@thomsonreuters.com;))