BROWN & BROWN $BRO Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.73B (Est. $1.76B) 🔴; +7.4% YoY 🔹 Adj. EPS: $1.07 (Est. $1.09) 🔴; +1.9% YoY 🔹 Organic Revenue Growth: +1.2% (Est. 1.9%) 🔴 🔹 Adj. EBITDAC Margin: 34.6%; vs 36.6% LY Announcements: 🔹 Added approximately 5,000 new teammates from Accession just over a year ago Other Q3 Metrics: 🔹 Organic Revenue with Contingents Growth: +1.5% 🔹 Adj. EBITDAC: $597M (Est. $603M) 🔴; +1.7% YoY 🔹 Commissions and Fees: $1.70B (Est. $1.74B) 🔴 🔹 Net Income: $240M; +5.7% YoY 🔹 GAAP EPS: $0.67; -1.5% YoY Key Updates: 🔹 2025 interest income benefit: ~$29M 🔹 Change in estimated acquisition earn-out payables: $0.06 per-share benefit 🔹 Acquisition/Integration Costs: $0.09/share 🔹 Amortization: $0.25/share Comments: 🔸 “The third quarter reflected the incredible efforts of our teammates to win more customers in spite of a challenging rate environment.”