Brown & Brown margin contraction driven by Ian’s impact on captives, commissions
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Brown & Brown margin contraction driven by Ian’s impact on captives, commissions

Jairo Ibarra
October 25, 2022
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Brown & Brown management said that margin compression in the third quarter can be mostly attributed to the impact of estimated Ian losses on the firm’s captive programs and commissions, as well as higher expenses in Q3.

Executives were speaking after the broker reported a 4.4-point drop in its adjusted Ebitdac margin to 31.2% in the third quarter, compared with 35.6%

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Jairo Ibarra
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