Brown & Brown, Inc. announces entry into accelerated share repurchase program

Rhea-AI Summary

Brown & Brown (NYSE: BRO) entered an accelerated share repurchase (ASR) with Bank of America for $250 million of common stock on Feb. 12, 2026. The ASR is part of a previously approved $1.5 billion board buyback authorization announced Oct. 22, 2025.

Positive

• $250 million ASR executed with Bank of America on Feb. 12, 2026
• Repurchase is part of a $1.5 billion board-approved authorization from Oct. 22, 2025

Negative

• None.

Key Figures

ASR size: $250 million Buyback authorization: $1.5 billion Share price: $67.02 +5 more

8 metrics

ASR size $250 million Accelerated share repurchase with Bank of America, N.A.

Buyback authorization $1.5 billion Board-approved share repurchase authorization announced Oct 22, 2025

Share price $67.02 Pre-news current price for BRO

Market capitalization $22,716,960,000 BRO market cap prior to ASR announcement

2025 commissions & fees $5,763 million Total commissions and fees in 2025 per 10-K

Retail segment revenue $3,386 million 2025 revenue from Retail segment per 10-K

Specialty Distribution revenue $2,379 million 2025 revenue from Specialty Distribution per 10-K

Total debt $7,613 million Year-end 2025 total debt reflecting Accession financing

Market Reality Check

Price: $69.53 Vol: Volume 7,169,991 is 1.99x...

high vol

$69.53 Last Close

Volume Volume 7,169,991 is 1.99x the 20-day average of 3,595,207, indicating elevated pre-news activity. high

Technical Shares at $67.02 are below the $92.74 200-day MA and sit just 2.04% above the 52-week low of $65.68, far from the $125.68 52-week high.

Peers on Argus

BRO was down 0.87% while key peers WTW (-2.59%), AJG (-3.03%), AON (-1.70%) and ...

BRO was down 0.87% while key peers WTW (-2.59%), AJG (-3.03%), AON (-1.70%) and MMC (-1.36%) also traded lower, with ERIE the only notable gainer at +1.37%. The buyback news appears more company-specific than a broad sector catalyst.

Historical Context

5 past events · Latest: Jan 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 26	Q4/FY2025 earnings	Positive	+0.6%	Strong 2025 revenue and adjusted EPS update with mixed organic trends.
Jan 26	Leadership change	Negative	+0.6%	Announcement of Chief Legal Officer’s passing and interim appointment.
Jan 22	Business expansion	Positive	+0.7%	Launch of fully integrated National Healthcare Practice with 140+ professionals.
Jan 21	Dividend declaration	Positive	+0.7%	Board declared regular quarterly cash dividend of $0.165 per share.
Dec 31	Earnings schedule	Neutral	-0.7%	Announcement of dates for Q4 2025 earnings release and conference call.

Pattern Detected

Recent news including earnings, a new healthcare practice and dividend declarations generally saw modestly positive 24-hour price reactions.

Recent Company History

Over the last few weeks, Brown & Brown reported Q4 and FY2025 results on Jan 26, 2026, showing total revenues of $1.6B in the quarter and $5.9B for 2025, with adjusted diluted EPS of $0.93 in Q4. Around the same time, the company announced the passing of its Chief Legal Officer and launched a fully integrated National Healthcare Practice on Jan 22, 2026. A quarterly dividend of $0.165 per share was also declared. These developments collectively coincided with small positive price reactions.

Market Pulse Summary

This announcement outlines a $250 million accelerated share repurchase as part of a broader $1.5 bil...

Analysis

This announcement outlines a $250 million accelerated share repurchase as part of a broader $1.5 billion authorization, adding to Brown & Brown’s recent stream of capital-return and strategic updates. Context includes 2025 commissions and fees of $5,763 million and total debt of $7,613 million. Investors may track how the buyback interacts with leverage levels, future earnings reports, and any further updates on business integration and segment performance.

Key Terms

accelerated share repurchase program, share repurchase authorization

2 terms

accelerated share repurchase program financial

"it has entered into an accelerated share repurchase program (ASR) with Bank of America"

An accelerated share repurchase program is a way for a company to buy back its own shares quickly, often in a matter of days or weeks. It typically involves the company paying a financial firm to buy shares on its behalf, which can help boost the company's stock price and reduce the number of shares available to investors. This process is important because it can influence share value and signal confidence in the company's future.

share repurchase authorization financial

"The ASR is part of the Company’s board-approved $1.5 billion share repurchase authorization"

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

AI-generated analysis. Not financial advice.

DAYTONA BEACH, Fla., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced that it has entered into an accelerated share repurchase program (ASR) with Bank of America, N.A. for $250 million of the Company's common stock. The ASR is part of the Company’s board-approved $1.5 billion share repurchase authorization announced on October 22, 2025.

About Brown & Brown, Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

For more information:

R. Andrew Watts
Chief Financial Officer
(386) 239-5770

FAQ

What did Brown & Brown (BRO) announce on Feb. 12, 2026 about share repurchases?

They entered an ASR for $250 million of common stock with Bank of America. According to the company, this ASR is part of the board-approved $1.5 billion share repurchase authorization announced Oct. 22, 2025.

How much of Brown & Brown's (BRO) buyback authorization has been used with the $250 million ASR?

The company executed a $250 million ASR, representing a portion of the $1.5 billion authorization. According to the company, the ASR draws from the previously announced board-approved repurchase program.

Who is Brown & Brown's (BRO) counterparty for the Feb. 12, 2026 ASR and what is the amount?

The ASR counterparty is Bank of America, N.A. and the transaction amount is $250 million. According to the company, the ASR covers $250 million of the firm's common stock.

When was Brown & Brown's (BRO) $1.5 billion repurchase authorization announced?

The board-approved $1.5 billion share repurchase authorization was announced on Oct. 22, 2025. According to the company, the $250 million ASR executed Feb. 12, 2026 is part of that authorization.

What does the $250 million ASR mean for Brown & Brown (BRO) shareholders now?

The ASR represents a $250 million repurchase commitment executed on Feb. 12, 2026 under existing authorization. According to the company, it is part of the broader $1.5 billion board-approved buyback program announced Oct. 22, 2025.