Mar 31, 2022

Brown & Brown Q1 2022 Earnings Report

Brown & Brown's Q1 2022 results showed revenue growth and strong performance.

Key Takeaways

Brown & Brown reported a strong first quarter in 2022, with revenues increasing by 11.0% to $904.7 million. Diluted net income per share increased to $0.77, and adjusted diluted net income per share increased to $0.78. The company's organic revenue grew by 7.8%.

Revenues for Q1 2022 increased by 11.0% to $904.7 million compared to the first quarter of the prior year.

Commissions and fees increased by 11.1% and Organic Revenue increased by 7.8%.

Diluted net income per share increased to $0.77, or 10.0% as compared to the first quarter of the prior year.

Adjusted diluted net income per share increased to $0.78, or 11.4%, compared to the first quarter of the prior year.

Total Revenue
$905M
Previous year: $815M
+11.0%
EPS
$0.78
Previous year: $0.7
+11.4%
Organic Revenue growth
7.8%
Previous year: 9.8%
-20.4%
Gross Profit
$446M
Previous year: $385M
+15.9%
Cash and Equivalents
$1.69B
Previous year: $679M
+149.7%
Free Cash Flow
$93.6M
Previous year: $127M
-26.1%
Total Assets
$11.3B
Previous year: $8.91B
+26.5%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

This press release may contain certain statements relating to future results which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws.

Revenue & Expenses

Visualization of income flow from segment revenue to net income