来源：贩财局 AI的冲击波真不是闹着玩的，最近几天一个行业一个行业地排队枪毙，让人冷汗直冒。 软件股（第一波冲击） Adobe：跌了 25% Atlassian：跌了 47% Intuit：跌了 40% Workday：市值蒸发三分之一 Salesforce：跌了约 30% 逻辑：以前大家都觉得AI是给软件公司打工的，能帮它们把产品做得更牛。结果Anthropic那工具一出 来，大家突然发现不对路，AI自己就能写代码、搞数据分析，还要你软件干啥？ 直接毁灭吧。。。。 保险经纪（第二刀：报价比人还精） 韦莱韬悦 (Willis Towers Watson)：跌了 15% 怡安 (Aon)：跌了 9% Arthur J. Gallagher：跌了 15% 逻辑：周一Insurify那工具一亮相，保险经纪直接腿软。以前他们靠啥吃饭？信息差。客户得求着你给 算保费。 现在AI几秒钟能算出几十家公司的底价，比自己找的还便宜。那谁还傻乎乎找经纪？这一刀，砍在饭 碗上了。 财富管理（第三刀：割到最核心的韭菜） 嘉信理财 (Charles Schwab)：跌超 7% LPL Financial：跌超 7% Raymond J ...

Wall Street is in the grip ofdisruption worries from AI. It first started with ​investorsdumping shares of software companies but soon spread to sectorsseen as vulnerable to automation, driving sharp losses in U.S.stocks this week.The AI scare ‌trade did not spare even sectors such asprivate credit, real estate brokers, data analytics, legalservices and ​insurers.Global tech stocks took the hit after Anthropic unveiled alegal AI plug-in. But soon the investor unease ⁠deepenedfollowing a flurry of AI model u ...

Brown & Brown, Inc. (NYSE:BRO) is included among the 13 Cheapest Dividend Aristocrats to Invest in. Brown & Brown (BRO) Announces Accelerated Share Repurchase, Flags Evolving Market Trends On February 12, Brown & Brown, Inc. (NYSE:BRO) announced the launch of a $250 million accelerated share repurchase program with Bank of America, N.A. The move falls under the company’s broader $1.5 billion share buyback authorization that the board approved on October 22, 2025. A day earlier, on February 11, the compa ...

It's the Insurance Agent vs. the AI Superagent - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# There's a new Wall Street battle: The Insurance Agent vs. the AI SuperagentBy [Bill Alpert]ShareResize---Reprints(Dreamstime)Insurance brokerage ...

Brown & Brown, Inc., an insurance brokerage and risk management services firm, has released its 2026 Market Trends report, providing a detailed assessment of developments across the insurance landscape and notes that rate conditions in several areas are beginning to move in a more favourable direction for buyers who approach renewals with careful preparation and maintain strong claims performance.At the same time, the report identifies sectors and product lines where pricing is expected to remain elevated a ...

DAYTONA BEACH, Fla., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced that it has entered into an accelerated share repurchase program (ASR) with Bank of America, N.A. for $250 million of the Company's common stock. The ASR is part of the Company’s board-approved $1.5 billion share repurchase authorization announced on October 22, 2025. About Brown & Brown, Inc. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and ...

Core Viewpoint - The wealth-management industry is facing significant disruption from AI technologies, leading to a selloff in related stocks as investors express concerns about the potential impact on traditional business models and fee structures [1][5][12]. Group 1: Market Reactions - The recent selloff in wealth-management stocks was triggered by the introduction of an AI tool by Altruist Corp., which helps financial advisers personalize strategies for clients [11][12]. - Major companies like Raymond James Financial Inc. and Charles Schwab Corp. experienced significant declines, with Raymond James dropping 8.8% and Charles Schwab sinking 7.4%, marking their worst days since March 2020 and April respectively [11][12]. - The S&P 500 insurance index fell 3.9% on Monday, its worst session since October, before rebounding by 0.8% the following day [9][12]. Group 2: Analyst Insights - Analysts express high uncertainty regarding the future of companies in the wealth-management sector, with UBS analyst Michael Brown noting the difficulty in predicting the next 12 to 24 months [2][12]. - Concerns about AI disrupting financial advice and wealth-management models are prevalent, with analysts highlighting fears of fee compression and market-share shifts [5][12]. - Some analysts, like Wilma Burdis from Raymond James Financial Inc., argue that the selloff may be overblown, emphasizing that clients still prefer human advisors for trust [8][12]. Group 3: Industry Developments - Executives from major asset management firms, including Blackstone and Apollo Global Management, are actively addressing investor concerns about AI's potential to disrupt their businesses [5][12]. - New startups like Rogo Technologies and Hebbia are emerging, aiming to leverage AI to enhance financial services and improve efficiency [10][12]. - Leading AI developers, including OpenAI, are expanding their offerings in the financial sector, indicating a growing intersection between AI technology and financial services [11][12].

Independent Lloyd’s broker MNK International has set up a new operation in São Paulo, marking its entry into Brazil’s insurance sector. The group said this would support work across areas such as engineering, financial lines, large industrial risks, marine, oil and gas, property and other complex exposures. MNK International Brazil will sit within MNK Group, which is based in London. Through the group, the Brazilian unit will be able to draw on a wider international network that includes managing gener ...

SelectQuote, Inc. (NYSE:SLQT) is one of the best NYSE penny stocks to buy now. On January 15, SelectQuote, Inc. (NYSE:SLQT) announced that its SelectRx pharmacy has signed a new multi-year agreement with a major pharmacy benefit manager (PBM), effective January 1, 2026. SelectQuote, Inc. (SLQT) Implements Strategic and Financial Initiatives to Support Expansion Pixabay/Public Domain The agreement paves the way for greater visibility into reimbursement rates while offering Medicare better, more predictab ...

Financial Data and Key Metrics Changes - SelectQuote reported a revenue growth of 12% year-over-year, totaling $537 million, driven by both Senior and healthcare services businesses [20][21] - Senior revenue grew 2% to $262 million, with adjusted EBITDA of $102 million, maintaining near record margins of 39% [22][23] - Healthcare services revenue increased by 26% year-over-year to $231 million, with membership growing 17% to 113,000 [24][25] - Operating cash flow for fiscal 2026 is expected to be between $25 million and $35 million, reflecting a significant increase compared to the previous year [30][32] Business Line Data and Key Metrics Changes - The Senior segment achieved an EBITDA margin of 39%, driven by strong marketing efficiency and agent productivity [21][22] - The healthcare services segment, particularly SelectRx, saw a 26% revenue increase, indicating strong demand and growth potential [24][25] - Life insurance revenue grew 9% to $44 million, with final expense premiums increasing by 24% [25] Market Data and Key Metrics Changes - The Medicare Advantage (MA) market is experiencing volatility due to carrier plan changes and terminations, impacting growth strategies [20][22] - Approximately 7% of total plans in force have been canceled by carriers in the past two seasons, compared to a historical average below 1% [12][13] Company Strategy and Development Direction - The company aims to prioritize profitability and cash flow over growth, leveraging its diversified model to navigate market challenges [19][60] - SelectQuote's strategy includes focusing on tenured agent retention and proactive engagement with policyholders to enhance service delivery [10][14] - The new $415 million credit facility enhances capital flexibility, allowing the company to capitalize on growth opportunities when market conditions are favorable [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth, profitability, and cash flow potential despite recent headwinds, including a $40 million aggregate impact from carrier actions [8][29] - The company remains focused on delivering high-quality service and maintaining strong customer retention rates in a challenging market environment [15][46] - Management anticipates continued dialogue with carriers regarding advance rate notices to address rising utilization and care costs [45] Other Important Information - SelectQuote's SelectRx service addresses inefficiencies in the medication system, contributing to improved health outcomes for seniors [17][18] - The company has made significant improvements in cash flow generation, with a focus on operational efficiency across both Senior and healthcare services divisions [30][32] Q&A Session Summary Question: Details on the PBM deal and its impact - Management confirmed that the new PBM arrangement provides stability and predictability, addressing the $20 million hit in fiscal 2026 as a one-time issue [35][36] Question: Risks of other carriers following the marketing budget cut pattern - Management indicated that the decision to cut marketing budgets was not unique to SelectQuote and expressed confidence in navigating through the challenges [38][39] Question: Opportunities for SelectQuote in the current market - Management highlighted the company's unique capabilities and efficiency, positioning it well to capture market share amid financial stress in the healthcare system [44][46] Question: Negotiating position with SelectRx due to scale - Management noted that the scale of SelectRx has enhanced its negotiating power, allowing for deeper partnerships and improved terms with PBM [65][66] Question: Incremental volume absorption at the Kansas facility - Management stated that the Kansas facility has significant capacity for expansion without requiring substantial new capital investment, supported by automation and technology initiatives [67][69]