Brown & Brown, Inc.'s (BRO) second-quarter 2024 adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year. The quarterly results reflected improved organic revenues, expanded EBITDAC margin and increased net investment income, offset by higher expenses. Total revenues of $1.2 billion beat the Zacks Consensus Estimate by 3.3%. The top line improved 12.5% year over year. The upside can be primarily attributed to commission and fees, which ...

Brown & Brown (BRO) reported $1.18 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 12.5%. EPS of $0.93 for the same period compares to $0.68 a year ago. View all Key Company Metrics for Brown & Brown here>>> Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenues- Commissions and fees: $1 ...

This quarterly report represents an earnings surprise of 6.90%. A quarter ago, it was expected that this insurance company would post earnings of $1.07 per share when it actually produced earnings of $1.14, delivering a surprise of 6.54%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Brown & Brown has outperformed the market so far this year, the ques ...

Brown & Brown, Inc., a Florida corporation, and its subsidiaries (collectively, "Brown & Brown" or the "Company") is a diversified insurance agency, wholesale brokerage, insurance programs and service organization that markets and sells insurance products and services, primarily in the property, casualty and employee benefits areas. Brown & Brown's business is divided into three reportable segments. The Retail segment provides a broad range of insurance products and services to commercial, public and quasip ...

Exhibit 99.1 Brown & Brown, Inc. announces second quarter 2024 results, including total revenues of $1.2 billion, an increase of 12.5%; Organic Revenue growth of 10.0%; diluted net income per share of $0.90; and Diluted Net Income Per Share - Adjusted of $0.93 DAYTONA BEACH, Fla., July 22, 2024 - Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the second quarter of 2024. Revenues for the second quarter of 2024 under U.S. generally accepted accounting principles ( ...

Revenues for the second quarter of 2024 under U.S. generally accepted accounting principles ("GAAP") were $1.2 billion, increasing $131 million, or 12.5%, compared to the second quarter of the prior year, with commissions and fees increasing by 11.4% and Organic Revenue increasing by 10.0%. Income before income taxes was $346 million, increasing 36.2% from the second quarter of the prior year with Income Before Income Taxes Margin increasing to 29.4% from 24.3%. EBITDAC - Adjusted was $420 million, increasi ...

DAYTONA BEACH, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the second quarter of 2024. Revenues for the second quarter of 2024 under U.S. generally accepted accounting principles ("GAAP") were $1.2 billion, increasing $131 million, or 12.5%, compared to the second quarter of the prior year, with commissions and fees increasing by 11.4% and Organic Revenue increasing by 10.0%. Income before income taxes was $346 million, ...

Group 1 - Brown & Brown, Inc. has been recognized as one of the 2024 Best Workplaces for Millennials by Great Place To Work® and Fortune Magazine, highlighting its commitment to creating a positive work environment for millennial employees [4][5] - The selection for the Best Workplaces for Millennials List involved nearly 510,000 responses from millennials at companies that are Great Place To Work Certified™ and have at least 50 millennial employees in the U.S. [3][6] - The survey reflects a comprehensive picture of the workplace experience, focusing on positive outcomes for millennial employees across various demographics [6][9] Group 2 - Millennials represent the largest generation in the workforce, and their experiences are considered a strong indicator of overall company health, emphasizing the need for credible leadership and a respectful workplace [2][9] - Brown & Brown has also received the 2023-2024 Platinum Level Bell Seal for Workplace Mental Health from Mental Health America for the second consecutive year, demonstrating its commitment to employee well-being [7] - The expectations of millennials are setting a high bar for employers, with a strong emphasis on purpose-driven work and equitable workplaces [9]

"Our team is what makes our company special—they are our most valuable and important resource, and we're very proud to receive this recognition based on feedback directly from teammates," says Powell Brown, president and chief executive officer. Matt Heimer, executive editor for features at Fortune, added, "Congratulations to all of the Best Workplaces for Millennials finalists. The expectations of this age cohort are setting a high bar for employers. Millennials place an unusually high priority on purpose- ...

About Brown & Brown, Inc. For more information: DAYTONA BEACH, Fla., July 17, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.13 per share. The dividend is payable on August 14, 2024, to shareholders of record on August 7, 2024. 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+ ...