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Brown & Brown invests in AI; reports flat organic revenue - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Brown & Brown invests in AI; reports flat organic revenue by Matthew Lerner J. Powell Brown Agents and Brokers , Excess and Surplus Lines , Financial Results , Property , Technology Brown & Brown Apr 28, 2026 J. Powell Brown emphasized Brown & Brown’s “technology and data journey” and its approach to artificial intelligence Tuesday while discussing the broker’s first-quarter results. Technology and data “are shaping how we’re thinking about the future of insurance brokerage and how we’re positioned to capture the opportunities on the horizon,” the broker’s president and CEO said on a morning call with analysts. He called the broker’s investments “foundational, as AI is only effective when built on clean, standardized and scalable data platforms,” Mr. Brown said. “We view AI as an enabler and an accelerator of our existing strategy.” Brown & Brown reported first-quarter revenues of $1.9 billion, up 35.4% from first-quarter 2025. Organic revenue growth was flat for the quarter. The broker completed its $9.83 billion purchase of Accession Risk Management Group on Aug. 1, 2025. First-quarter net income rose 28.7% to $426 million. Revenue in the retail segment rose 33.4% to $1.21 billion with organic revenue growth of 1%. The specialty distribution segment saw revenue jump 40.0% to $682 million with negative 2% organic growth. Figures were hurt by $12 million of claims processing revenue recognized in the prior-year first quarter, Mr. Brown said. The rate environment was similar to recent past quarters, Mr. Brown said. Admitted property/casualty markets continue to be in a range of flat to up 5% versus prior year, “but did moderate slightly as compared to last quarter,” he said. Non-catastrophe property rates remain down 5% to up 5% depending on the loss experience and the location. For casualty lines, rates increased 2% to 5% for primary layers with excess layers increasing “materially more,” Mr. Brown said. In excess and surplus lines, property markets again found a range of down 5% to up 5%, according to Mr. Brown. Casualty markets, however, saw greater challenges. “The ability to get higher limits is extremely challenging. Pricing continues to increase. Primary layers are becoming more expensive, and carriers are decreasing the limits they will offer. We do not expect this trend to change materially over the coming quarters,” Mr. Brown said. 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