Brown & Brown announced the completion of its acquisition of RSC Topco, the holding company for Accession Risk Management Group, reinforcing its position in the insurance brokerage industry with an expanded portfolio of risk management solutions.
The acquisition supports Brown & Brown’s broader strategy of scaling specialized insurance offerings.
According to a press release, headquartered in Daytona Beach, Florida, the firm now operates more than 700 locations globally with a workforce of over 23,000 following the Accession deal.
The announcement coincided with Brown & Brown’s release of unaudited results for the second quarter of 2025.
The company reported total revenue of $1.3 billion, up 9.1% from the same period last year, driven by higher commissions and fees along with a 3.6% increase in organic revenue.
Second-quarter commissions and fees rose 8.2% year-over-year, with organic growth supported by steady demand for risk management services across the firm’s business segments.
However, net income attributable to the company declined 10.1% to $231 million, reflecting pressure on margins.
Diluted net income per share fell 13.3% to $0.78, while adjusted diluted net income per share increased 10.8% to $1.03.
Income before income taxes dropped to $311 million, down from $346 million a year ago. The margin on income before income taxes declined to 24.2% from 29.4%.
Adjusted EBITDAC, which excludes certain non-recurring items, rose 12.1% to $471 million. The adjusted EBITDAC margin improved year-over-year to 36.7% from 35.7%, indicating operational efficiencies in core areas.
For the six months ended June 30, Brown & Brown recorded total revenue of $2.7 billion, marking a 10.4% increase from the same period in 2024. Organic revenue for the period was up 5.1%, and commissions and fees increased 10.2%.
Founded in 1939, Brown & Brown provides insurance and risk management solutions to a broad range of clients, including businesses, government agencies, and individuals. The company continues to focus on strategic acquisitions to fuel long-term growth.