Total Revenue

+11.6% (from $1,258.0M to $1,404.0M)

Total Revenue increased significantly in Q1 2026, driven by robust growth across all segments. This overall growth builds on the prior period’s performance where strong segment contributions—particularly from Retail, Programs, and Wholesale Brokerage—set a solid base that was further enhanced by both organic gains and strategic acquisitions. " " " " " "

Retail Revenue

+12.5% (from $806.0M to $907.0M)

Retail revenue’s 12.5% growth reflects continued strength in core business activity. The increase stems from a combination of net new and renewal business improvements, favorable foreign currency effects, and contributions from acquisitions that had begun impacting prior periods, now further amplifying the revenue base. " " " " " "

Programs Revenue

~+10.0% (from $298.0M to $328.0M)

Programs revenue grew by about 10% YoY thanks to strong net new and renewal business. This growth builds on a consistent upward trend from previous periods, where the segment benefited from both organic momentum and additional revenue contributions from acquisitions and improved contingent commission structures. " " " " " "

Wholesale Brokerage Revenue

+12.0% (from $142.0M to $159.0M)

Wholesale Brokerage increased by 12% YoY primarily due to an increase in core commissions and fees driven by new and renewal business. The segment also benefitted from acquisitions and improved underwriting outcomes, continuing the positive momentum observed in previous periods. " " " " " "

Other Revenue

–16.7% (from $12.0M to $10.0M)

Other revenue declined by approximately 16.7%, which may reflect a reduction in miscellaneous income items and intercompany eliminations. This contrasts with prior periods where such revenue was higher, suggesting potential reclassification or a reduction in one-off income sources. " " " " " "

United States Revenue

+6.8% (from $1,099.0M to $1,174.0M)

US revenue increased by 6.8% YoY, a more moderate growth that is consistent with the mature nature of the market. This improvement reflects a solid performance in core operations and benefits indirectly from the overall revenue expansion across segments seen in prior periods. " "

United Kingdom Revenue

+6.9% (from $131.0M to $140.0M)

UK revenue’s 6.9% growth can be attributed to a combination of organic improvements and targeted regional initiatives, including acquisitions that were beginning to impact revenue in previous periods. The steady increase indicates a stable expansion in a market that continues to offer incremental opportunities. " "

Revenue from Other Geographies

+1,180% (from $7.0M to $90.0M)

Revenue from Other geographies surged dramatically by over 1,180% YoY. This extraordinary jump likely reflects an aggressive push into new markets, major acquisitions, or significant expansion initiatives that were in their nascent stage in the previous period, now yielding substantial revenue contributions. " "