Brown & Brown(BRO) - 2023 Q2 - Quarterly Report

37 (1) "Income Before Income Taxes Margin" is defined as income before income taxes divided by total revenues. (2) A non-GAAP financial measure. NMF = Not a meaningful figure The National Programs Segment's total revenue for the three months ended June 30, 2023 increased 25.5%, or $57.6 million, as compared to the same period in 2022, to$283.3 million. The $50.9 million increased in core commissions and fees revenue was driven by: (i) approximately$48.7 million of net new, renewal business, and fee revenu ...