Mark Hughes's questions to Brown & Brown Inc (BRO) leadership • Q2 2025
Question
In a follow-up, Mark Hughes of Truist Securities asked about Florida E&S market data showing increased policy counts but lower premium per policy, questioning if this was a new phenomenon.
Answer
President and CEO J. Powell Brown responded that this is not a new phenomenon but rather a normal occurrence in a shifting market. He explained that as clients seek savings, it's typical to see an uptick in submissions and policies moving into non-admitted markets, a dynamic seen in past cycles.