布朗保险 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026 or For the transition period fromtoCommission file number 001-13619 BROWN & BROWN, INC. (Exact name of Registrant as specified in its charter) 59-0864469(I.R.S. EmployerIdentification Number)32114(Zip Code)Registrant’s telephone number, including area code: (386) 252-9601 Florida(State or other jurisdiction ofincorporation or organization)300 North Beach Street,Daytona Beach, FL Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§-232.405 of this chapter) during the preceding twelve months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the Registrant’s common stock, $0.10 par value, outstanding as of April 24, 2026 was 338,947,841. PART I. FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited):Condensed Consolidated Statements of Income for the three months ended March 31, 2026 and 20255Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31,2026 and 20256Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20257Condensed Consolidated Statements of Equity for the three months ended March 31, 2026 and 20258Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and20259Notes to Condensed Consolidated Financial Statements10 Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3.Quantitative and Qualitative Disclosures About Market Risk38Item 4.Controls and Procedures38 PART II. OTHER INFORMATION Item 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 5.Other Information39Item 6.Exhibits40 SIGNATURES Disclosure Regarding Forward-Looking StatementsBrown & Brown, Inc., together with its subsidiaries (collectively, “we,” “Brown & Brown” or the “Company”), makes “forward-looking statements” within the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995, asamended, throughout this report and in the documents we incorporate by reference into this report. You can identify thesestatements by forward-looking words such as “may,” “will,” “should,” “expect,” “anticipate,” “believe,” “intend,” “estimate,”“plan” and “continue” or similar words. We have based these statements on our current expectations about potential future events.Although we believe the expectations expressed in the forward-looking statements included in this Quarterly Report on Form 10-Qand the reports, statements, information and announcements incorporated by reference into this report are based upon reasonableassumptions within the bounds of our knowledge of our business, a number of factors could cause actual results to differ materiallyfrom those expressed in any forward-looking statements, whether oral or written, made by us or on our behalf. Many of thesefactors have previously been identified in filings or statements made by us or on our behalf. Important factors which could causeour actual results to differ, possibly materially from the forward-looking statements in this report include but are not limited to thefollowing items, in addition to those matters described in Part I, Item 2 “Management’s Discussion and Analysis of FinancialCondition and Results of Operations”: •Risks with respect to the acquisition of RSC Topco, Inc. (“RSC” or “Accession”) (the “Transaction”);•The possibility that the anticipated benefits, including any anticipated costs savings