Brown & Brown Inc.
Brown & Brown, Inc. Announces Financial Results for Q4 and Full-Year 2024
Summary
Brown & Brown, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting total revenues of $1.2 billion for Q4, an increase of 15.4% year-over-year, with organic revenue growth of 13.8%. For the full year, revenues increased by 12.9% to $4.8 billion. Diluted net income per share for Q4 was $0.73, down from $0.94 in the same period last year, while for the full year, it increased to $3.46 from $3.05. The company also disclosed non-GAAP financial measures including Organic Revenue, EBITDAC, and EBITDAC Margin. A press release and financial statements are furnished 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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