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Orbis Investment Management, in its Q2 investor letter, noted that insurance brokerage firm Brown & Brown (BRO) was mistakenly perceived by the market as a victim of the AI shock.
Orbis Global Equity Strategy, under Orbis Investment Management, stated in its Q2 2026 investor letter that AI's impact on Brown & Brown's (BRO) core commercial and professional insurance businesses is limited, accounting for less than 5% of its operations. The firm believes that Brown & Brown's commercial and professional insurance businesses are "people-centric" and require professional judgment, making them resilient to AI disruption. As of August 24, Brown & Brown's stock price was $74.62.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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