I need to read the filing carefully and extract the key financial data before writing the article. The filing is a 10-Q for Brown & Brown, Inc. for the quarterly period ended September 30, 2026. However, the filing text provided is truncated and does not include the actual financial statements or MD&A with numerical results. Let me work with what is available. The filing does contain substantive disclosure content (forward-looking risks, company identity, share count, acquisition references) well above 150 words, so I proceed. Key facts from the filing: - Company: Brown & Brown, Inc. - Ticker: BRO on New York Stock Exchange - Form: 10-Q for quarterly period ended September 30, 2026 - Shares outstanding as of October 23, 2026: 331,691,829 - Large accelerated filer - Mentions acquisition of RSC Topco, Inc. ("Accession") as a notable risk factor - Commission file number: 001-13619 - Headquartered at 300 North Beach Street, Daytona Beach, FL 32114

Brown & Brown, Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on October 26, 2026, covering the three- and nine-month periods ended September 30, 2026.

Key Highlights

  • Share count: 331,691,829 shares of common stock, $0.10 par value, were outstanding as of October 23, 2026, according to the filing.
  • Large accelerated filer: Brown & Brown confirmed its status as a large accelerated filer for the period, as disclosed on the cover page.
  • Accession acquisition: The filing identifies risks related to the acquisition of RSC Topco, Inc., referred to as "Accession," including financing risks and integration uncertainties.
  • Increased indebtedness noted: The filing states that "financing the Transaction resulted in an increase in the Company's indebtedness" as a forward-looking risk factor.
  • Captive insurance exposure: The company disclosed risks related to "underwriting risk in connection with certain captive insurance companies" associated with Accession's business.
  • Electronic filings current: The registrant confirmed it has submitted all required Interactive Data Files electronically during the preceding twelve months.

Brown & Brown's Q3 2026 Quarterly Filing: Accession Deal Risks and Operational Disclosures

Brown & Brown, Inc. (NYSE:BRO), headquartered at 300 North Beach Street, Daytona Beach, Florida 32114, submitted its Form 10-Q for the quarterly period ended September 30, 2026. According to the filing, the company had 331,691,829 shares of common stock outstanding as of October 23, 2026, and confirmed it is classified as a large accelerated filer under Rule 12b-2 of the Exchange Act.

A central theme of the risk disclosures in this filing concerns the acquisition of RSC Topco, Inc., which the company refers to as "Accession." The filing identifies several risks connected to the transaction, including "the possibility that the anticipated benefits, including any anticipated cost savings and strategies, of the Transaction are not realized when expected or at all," as well as risks that "financing the Transaction resulted in an increase in the Company's indebtedness." The company also flagged risks tied to "underwriting risk in connection with certain captive insurance companies" as part of Accession's business operations.

Beyond the Accession-related disclosures, the filing outlines a broad set of operational risk factors, including cybersecurity threats, reliance on third-party vendors, international operations, regulatory changes, and the increasing use of artificial intelligence and robotic processing automation. The company also disclosed risks related to its automobile and recreational vehicle finance and incentives dealer services, referred to as "F&I" businesses, as well as exposure tied to U.S. federal government programs from which it derives revenues. All forward-looking statements in the report are the company's own and are subject to its cautionary language as described in the filing.

What Was Disclosed

Brown & Brown filed a quarterly report for the period ended September 30, 2026, disclosing 331,691,829 shares outstanding as of October 23, 2026, its large accelerated filer status, and a range of risk factors tied to its acquisition of RSC Topco, Inc. and ongoing operations.