Brown & Brown Inc.
Brown & Brown, Inc. Announces Strong Third Quarter 2024 Results with 11% Revenue Growth
Summary
Brown & Brown, Inc. reported total revenues of $1.2 billion for the third quarter of 2024, an 11.0% increase from the same period last year. The company reported a diluted net income per share of $0.81, a 30.6% increase, and an adjusted diluted net income per share of $0.91, a 12.3% increase. Organic revenue growth was 9.5%, and income before income taxes margin increased to 26.7%. The company also furnished press release as Exhibit 99.1.
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Exhibits (1)
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About Brown & Brown Inc.
Brown & Brown Inc. is a diversified insurance brokerage and service firm, primarily focused on delivering risk management solutions and insurance products. The company's core operations involve providing a range of insurance and reinsurance products and services, including property and casualty insurance, employee benefits, and personal insurance. Brown & Brown operates across various sectors such as aviation, health care, and technology, adjusting its offerings to meet the specific needs of different industries and clients. With a wide geographical footprint in the United States and select international markets, Brown & Brown Inc. holds a significant position in the insurance brokerage sector. Its role as a middleman between insurance providers and clients allows it to leverage industry knowledge and relationships to negotiate better terms and prices for policyholders, ultimately serving as an essential component in the management of organizational and personal risk. As the insurance industry continues to evolve with regulatory changes and market dynamics, Brown & Brown remains a notable player influencing market strategies and insurance practices.
Official SEC Documents
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