Brown & Brown Past Earnings Performance

Past criteria checks 5/6

Brown & Brown has been growing earnings at an average annual rate of 18.4%, while the Insurance industry saw earnings growing at 11.6% annually. Revenues have been growing at an average rate of 14.4% per year. Brown & Brown's return on equity is 16.4%, and it has net margins of 22.8%.

Key information

18.4%

Earnings growth rate

18.5%

EPS growth rate

Insurance Industry Growth	7.6%
Revenue growth rate	14.4%
Return on equity	16.4%
Net Margin	22.8%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Brown & Brown makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:BRO * Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	4,559	1,038	0
30 Jun 24	4,454	982	0
31 Mar 24	4,336	914	0
31 Dec 23	4,205	857	0
30 Sep 23	4,094	736	0
30 Jun 23	3,969	720	0
31 Mar 23	3,771	675	0
31 Dec 22	3,567	659	0
30 Sep 22	3,409	616	0
30 Jun 22	3,252	602	0
31 Mar 22	3,140	595	0
31 Dec 21	3,050	574	0
30 Sep 21	2,953	572	0
30 Jun 21	2,857	562	0
31 Mar 21	2,728	523	0
31 Dec 20	2,611	465	0
30 Sep 20	2,547	460	0
30 Jun 20	2,490	441	0
31 Mar 20	2,466	437	0
31 Dec 19	2,386	399	0
30 Sep 19	2,317	395	0
30 Jun 19	2,229	386	0
31 Mar 19	2,128	367	0
31 Dec 18	2,010	344	0
30 Sep 18	1,976	458	0
30 Jun 18	1,920	428	0
31 Mar 18	1,913	420	0
31 Dec 17	1,857	400	0
30 Sep 17	1,817	270	0
30 Jun 17	1,804	265	0
31 Mar 17	1,785	267	0
31 Dec 16	1,763	257	0
30 Sep 16	1,734	262	0
30 Jun 16	1,704	256	0
31 Mar 16	1,676	248	0
31 Dec 15	1,657	243	0
30 Sep 15	1,643	210	-19
30 Jun 15	1,632	211	-14
31 Mar 15	1,609	211	-8
31 Dec 14	1,567	207	0
30 Sep 14	1,517	224	27
30 Jun 14	1,454	213	29
31 Mar 14	1,384	204	26
31 Dec 13	1,356	212	23

Quality Earnings: BRO * has high quality earnings.

Growing Profit Margin: BRO *'s current net profit margins (22.8%) are higher than last year (18%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BRO *'s earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: BRO *'s earnings growth over the past year (41.1%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: BRO * earnings growth over the past year (41.1%) exceeded the Insurance industry 24.6%.

Brown & Brown Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: US$0.82 (vs US$0.62 in 3Q 2023)

Brown & Brown, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Second quarter 2024 earnings released: EPS: US$0.90 (vs US$0.67 in 2Q 2023)

Brown & Brown, Inc. to Report Q2, 2024 Results on Jul 22, 2024

First quarter 2024 earnings released: EPS: US$1.04 (vs US$0.83 in 1Q 2023)

Brown & Brown, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Recent updates

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Third quarter 2024 earnings released: EPS: US$0.82 (vs US$0.62 in 3Q 2023)

Second quarter dividend of US$0.15 announced

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on November 13, 2024

Brown & Brown, Inc. (NYSE:BRO) acquired The assets of The Canopy Group.

Brown & Brown, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Chairman of the Board recently sold Mex$280m worth of stock

Brown & Brown, Inc. Appoints Stephen P. Hearn to Board of Directors

Executive VP recently sold Mex$4.8m worth of stock

Brown & Brown, Inc. (NYSE:BRO)entered into an agreement to acquire Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Brown & Brown, Inc. (NYSE:BRO)entered into an agreement to acquire Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Second quarter 2024 earnings released: EPS: US$0.90 (vs US$0.67 in 2Q 2023)

First quarter dividend of US$0.13 announced

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 14, 2024

Brown & Brown, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Executive VP & Chief People Officer recently sold Mex$5.5m worth of stock

First quarter dividend of US$0.13 announced

First quarter 2024 earnings released: EPS: US$1.04 (vs US$0.83 in 1Q 2023)

Brown & Brown, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Brown & Brown, Inc., Annual General Meeting, May 08, 2024

Chairman of the Board recently sold Mex$338m worth of stock

Full year 2023 earnings released: EPS: US$3.07 (vs US$2.38 in FY 2022)

Upcoming dividend of US$0.13 per share at 0.7% yield

Full year 2023 earnings released: EPS: US$3.11 (vs US$2.38 in FY 2022)

Brown & Brown, Inc. Appoints Kathleen A. Savio as Director of the Company

Insider recently sold Mex$3.1m worth of stock

Davies Group Limited entered into an agreement to acquire American Claims Management, Inc., Preferred Governmental Claim Solutions, Inc., USIS, Inc. and ICA, LP from Brown & Brown, Inc. (NYSE:BRO) for approximately $210 million.

Brown & Brown, Inc. Announces Increase in Quarterly Cash Dividend, Payable on November 15, 2023

Brown & Brown, Inc. Announces Increase in Quarterly Cash Dividend, Payable on November 15, 2023

Brown & Brown, Inc. (NYSE:BRO) acquired All of the assets of Pacific Underwriters Corporations.

Brown & Brown, Inc. (NYSE:BRO) acquired Kentro Capital Limited from B. P. Marsh & Company Limited.

Brown & Brown, Inc. to Report Q3, 2023 Results on Oct 23, 2023

Brown & Brown Promotes Mike Bruce to Chief Executive Officer of Brown & Brown Europe

Upcoming dividend of US$0.12 per share at 0.7% yield

Second quarter 2023 earnings released: EPS: US$0.67 (vs US$0.51 in 2Q 2022)

Brown & Brown, Inc. Announces Quarterly Cash Dividend, Payable on August 16, 2023

Brown & Brown, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Brown & Brown, Inc. Announces Board Changes

Brown & Brown, Inc. Announces Executives Appointments

Insufficient new directors

Brown & Brown, Inc. Appoints Pattysue Rauh as Chief Audit Officer, Effective July 2023

Brown & Brown, Inc. (NYSE:BRO) entered into an agreement to acquire Kentro Capital Limited from B. P. Marsh & Company Limited.

Brown & Brown, Inc. (NYSE:BRO) entered into an agreement to acquire Kentro Capital Limited

Brown & Brown, Inc. (NYSE:BRO) acquired substantially all of the assets from Brownlee Agency, Inc.

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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