Insurance InflationInsurance inflation in the small to mid-sized brokerage space is expected to outpace the large account space, driving faster organic growth for the company.
Margin StabilityThere is potential for contingents as a ballast to margins, supporting margin stability from insurance carriers posting stronger profit margins.
ValuationThe company's current valuation at 14.0x EBITDA equates to a multiple of 0.9x the market multiple, which is at a substantial discount to its long-term norm of 1.1x and at a level that has represented an effective floor for BRO shares.