A month has gone by since the last earnings report for Brown & Brown (BRO) . Shares have added about 8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Brown & Brown due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Brown & Brown Q3 Earnings Top Estimates on Higher Re ...

DAYTONA BEACH, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) is proud to announce that our team of companies earned the 2025 Military Friendly® Employer designation. "Our Military Friendly® Employer designation is a result of strong collaboration across teams, including our Veterans Teammate Resource Group. Their insights and dedication help us create a more inclusive and supportive culture for veterans, spouses and the military community. Bringing service members onto the Brown & B ...

Core Viewpoint - Brown & Brown, Inc. has appointed Paul Gallagher as its new controller, who will lead financial operations and support talent development [1][2]. Group 1: Appointment Details - Paul Gallagher, CPA, has been appointed as the controller of Brown & Brown, Inc. [1] - Gallagher will provide strategic guidance for financial operations, including SEC reporting, compliance, acquisitions, and strategic decision-making [1]. - He will also focus on talent development within the company [1]. Group 2: Background of Paul Gallagher - Gallagher joins Brown & Brown from Deloitte, where he spent over 25 years serving global clients in public accounting [2]. - He has experience leading multifunctional teams in areas such as audit, advisory, business development, M&A, and international business [2]. - His leadership style is described as analytical and collaborative, which is expected to support the company's growth and global expansion [2]. Group 3: Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, providing risk management solutions [3]. - The company has approximately 16,000 employees and over 500 locations worldwide [3]. - Brown & Brown is committed to delivering innovative strategies to protect customer interests [3].

DAYTONA BEACH, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced the completion of the previously announced acquisition of the insurance operations of Quintes Holding B.V. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 16,000 teammates and 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our cu ...

Core Viewpoint - Brown & Brown (BRO) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, as institutional investors often base their valuations on these estimates [4][6]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional investors to buy or sell, which subsequently affects stock prices [4]. Company Performance Indicators - For the fiscal year ending December 2024, Brown & Brown is projected to earn $3.73 per share, reflecting a 32.7% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Brown & Brown has risen by 1.8%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10]. - The upgrade of Brown & Brown to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for near-term price appreciation [10].

Core Insights - Brown & Brown, Inc. (BRO) reported third-quarter 2024 adjusted earnings of 91 cents per share, exceeding the Zacks Consensus Estimate by 4.6% and reflecting a year-over-year increase of 28.2% [1] - Total revenues reached $1.2 billion, surpassing the Zacks Consensus Estimate by 2.2% and showing an 11% year-over-year improvement, primarily driven by a 10.4% increase in commission and fees [2] - Investment income surged 82.3% year over year to $31 million, significantly exceeding both the Zacks Consensus Estimate and internal estimates [3] Financial Performance - Adjusted EBITDAC was reported at $414 million, an 11.9% increase year over year, with EBITDAC margin expanding by 30 basis points to 34.9% [3] - Total expenses rose by 0.8% to $869 million, attributed to increased employee compensation, operating expenses, and interest [4] - Cash and cash equivalents at the end of Q3 stood at $2.7 billion, a 17.3% increase from the end of 2023, while long-term debt rose to $3.4 billion, up 4.3% [5] Dividend and Shareholder Returns - The board of directors declared a regular cash dividend of $111 million during the reported quarter [6] Industry Context - Peer companies such as Marsh & McLennan and Aon also reported positive earnings, with Aon showing a 26% year-over-year revenue increase, indicating a robust industry performance [8][10]

Brown & Brown, Inc. (NYSE:BRO) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Powell Brown - President and CEO Andy Watts - EVP, CFO and Treasurer Conference Call Participants Gregory Peters - Raymond James Rob Cox - Goldman Sachs Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Michael Zaremski - BMO Mark Hughes - Truist Securities Alex Scott - Barclays Meyer Shields - Keefe, Bruyette & Woods Grace Carter - Bank of America Scott Heleniak - RBC Capital Markets Brian ...

Third Quarter 2024 Results October 28, 2024 Brown R Information Regarding Forward-Looking Statements This presentation and the statements made during our earnings call may contain certain statements relating to future results which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. You can identify these statements by forward-lookin ...

For the quarter ended September 2024, Brown & Brown (BRO) reported revenue of $1.19 billion, up 11.1% over the same period last year. EPS came in at $0.91, compared to $0.71 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of +2.20%. The company delivered an EPS surprise of +4.60%, with the consensus EPS estimate being $0.87. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Brown & Brown (BRO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.60%. A quarter ago, it was expected that this insurance company would post earnings of $0.87 per share when it actually produced earnings of $0.93, delivering a surprise of 6.90%.Over the last four quarters, the com ...