Brown & Brown (BRO) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.67%. A quarter ago, it was expected that this insurance company would post earnings of $0.87 per share when it actually produced earnings of $0.91, delivering a surprise of 4.60%.Over the last four quarters, the co ...

Financial Performance - Total revenues for Q4 2024 were $1.2 billion, an increase of 15.4% compared to Q4 2023[2] - Organic revenue growth for Q4 2024 was 13.8%, with commissions and fees also increasing by 15.4%[2][6] - Net income attributable to the Company for Q4 2024 was $210 million, a decrease of 21.9% from Q4 2023, with diluted net income per share decreasing to $0.73[2][4] - For the full year 2024, total revenues reached $4.8 billion, up 12.9% from 2023, with organic revenue growth of 10.4%[3][4] - EBITDAC - Adjusted for Q4 2024 was $390 million, an increase of 22.6% from Q4 2023, with an EBITDAC margin - Adjusted of 32.9%[2][11] - Income before income taxes for Q4 2024 was $275 million, down 22.8% from the previous year, with a margin decrease to 23.2%[2][11] - Diluted net income per share - Adjusted for Q4 2024 increased to $0.86, a rise of 24.6% compared to Q4 2023[7][8] - For the full year 2024, net income attributable to the Company was $1.0 billion, an increase of 14.0% from 2023[3][4] Assets and Liabilities - Total assets increased to $17,612 million in 2024, up from $14,883 million in 2023, representing a growth of 18.4%[16] - Total current assets increased significantly to $6,924 million in 2024, up from $5,130 million in 2023, marking a growth of 35%[16] - Current liabilities also rose to $6,314 million in 2024, compared to $4,956 million in 2023, indicating a 27.4% increase[16] - Retained earnings grew to $6,128 million in 2024, up from $5,289 million in 2023, which is an increase of 15.9%[16] - Cash and cash equivalents, including fiduciary cash, at the end of the period were $2,502 million, up from $2,303 million in 2023, a rise of 8.7%[18] Cash Flow and Investments - Net cash provided by operating activities rose to $1,174 million in 2024, an increase of 16.2% from $1,010 million in 2023[18] - Payments for businesses acquired in 2024 totaled $890 million, compared to $631 million in 2023, reflecting a 41% increase in acquisition activity[18] - The company reported a net increase in cash and cash equivalents of $199 million in 2024, down from $270 million in 2023[18] Key Performance Metrics - Organic Revenue is a key performance metric that excludes revenues from newly acquired operations, divested businesses, and Foreign Currency Translation, allowing for a clearer assessment of revenue growth[27] - The company will no longer exclude Foreign Currency Translation from EBITDAC - Adjusted, EBITDAC Margin - Adjusted, and Diluted Net Income Per Share - Adjusted starting January 1, 2024, to enhance comparability of financial performance[25] - Amortization of intangible assets will also be excluded from Diluted Net Income Per Share - Adjusted starting January 1, 2024, as it is a non-cash expense not indicative of business performance[26] - EBITDAC is defined as income before interest, income taxes, depreciation, amortization, and changes in estimated acquisition earn-out payables, providing insight into operational efficiency[31] - EBITDAC Margin is calculated as EBITDAC divided by total revenues, serving as an important measure of operating margins[31] - Diluted Net Income Per Share - Adjusted excludes several non-recurring costs, including acquisition/integration costs and amortization, to provide a clearer picture of profitability[31] - Key performance metrics such as Organic Revenue growth, Diluted Net Income Per Share - Adjusted, and EBITDAC Margin - Adjusted are used for executive compensation plans[24] - The adjustments made to non-GAAP measures aim to improve the comparability of financial results across periods[30] - The company emphasizes the importance of EBITDAC and its adjusted measures for evaluating performance in a consistent manner[24] Future Plans - The company plans to discuss its fourth quarter and full year 2024 results in a conference call scheduled for January 28, 2025[19]

DAYTONA BEACH, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the fourth quarter and full year of 2024. Revenues for the fourth quarter of 2024 under U.S. generally accepted accounting principles ("GAAP") were $1.2 billion, increasing $158 million, or 15.4%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 15.4% and Organic Revenue increasing by 13.8%. Income before income taxes was ...

DAYTONA BEACH, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the fourth quarter and full year of 2024. Revenues for the fourth quarter of 2024 under U.S. generally accepted accounting principles ("GAAP") were $1.2 billion, increasing $158 million, or 15.4%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 15.4% and Organic Revenue increasing by 13.8%. Income before income taxes was ...

DAYTONA BEACH, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on February 12, 2025, to shareholders of record on February 5, 2025. About Brown & Brown, Inc. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 17,000 teammates and 500+ locations worl ...

Wall Street analysts forecast that Brown & Brown (BRO) will report quarterly earnings of $0.76 per share in its upcoming release, pointing to a year-over-year increase of 31%. It is anticipated that revenues will amount to $1.11 billion, exhibiting an increase of 8.2% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Brown & Brown (BRO) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 27, 2025, might help the stock move higher if these key numbers are better than ...

Company Performance - Brown & Brown, Inc. (BRO) shares have increased by 36.9% over the past year, outperforming the industry growth of 22.8% and the S&P 500 composite return of 23% [1] - The company has a market capitalization of $29.15 billion, with an average trading volume of 1.3 million shares over the last three months [1] Earnings Growth - The expected long-term earnings growth for BRO is 11.6%, with earnings having grown by 18.4% over the past five years, surpassing the industry average of 13.2% [2] - The Zacks Consensus Estimate for BRO's 2025 earnings per share and revenues indicates increases of 9.6% and 8.7%, respectively, from the 2024 estimates [4] Stock Performance and Technical Indicators - Currently priced at $101.95, BRO is trading above its 200-day simple moving average (SMA) of $97.69, indicating strong upward momentum [3] - The stock has consistently outperformed the industry, sector, and S&P 500 over the past year [9] Analyst Sentiment - Two out of seven analysts covering BRO have raised their estimates for 2025 in the past 60 days, resulting in a 0.9% increase in the Zacks Consensus Estimate for 2025 [5] Revenue Growth and Business Strategy - Commissions and fees, the main revenue component, have benefited from new business growth, strong retention, and continued rate increases, with a five-year annual growth rate of 14% [6] - The company has achieved its intermediate annual revenue goal of $4 billion, doubling its revenue in the last five years [6] Acquisitions and Market Position - BRO has completed four acquisitions in the third quarter of 2024, with estimated annual revenues of $8 million, and has acquired a total of 664 insurance intermediary operations since 1993 [8] - The company continues to invest in organic growth and margin expansion, maintaining an industry-leading adjusted EBITDAC margin [7] Financial Health - BRO has a strong liquidity position and an improving leverage ratio, ensuring effective cash deployment into acquisitions, capital expenditures, and shareholder dividends [10] - The company has a history of raising dividends for 30 consecutive years, with a five-year compound annual growth rate (CAGR) of 8.7% and a current dividend yield of 0.5% [10]

DAYTONA BEACH, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2024 fourth-quarter earnings on Monday, January 27, 2025, after the close of the market. On Tuesday, January 28, 2025, J. Powell Brown, Brown & Brown’s president and chief executive officer, and R. Andrew Watts, Brown & Brown’s executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown's fourth-quarter 2024 financial results. Yo ...

DAYTONA BEACH, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announces it will release its 2024 fourth-quarter earnings on Monday, January 27, 2025, after the close of the market. On Tuesday, January 28, 2025, J. Powell Brown, Brown & Brown's president and chief executive officer, and R. Andrew Watts, Brown & Brown's executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown's fourth-quarter 2024 financial results. You ...