Jun 30, 2021

Brown & Brown Q2 2021 Earnings Report

Reported quarterly revenues of $727.3 million, reflecting a 21.5% increase, and diluted net income per share of $0.49.

Key Takeaways

Brown & Brown, Inc. announced strong second-quarter results with revenues reaching $727.3 million, a 21.5% increase year-over-year. Net income increased by 43.9% to $139.3 million, and diluted net income per share increased by 44.1% to $0.49.

Revenues for the second quarter of 2021 were $727.3 million, a 21.5% increase compared to the previous year.

Commissions and fees increased by 21.3%.

Net income rose to $139.3 million, marking a 43.9% increase.

Diluted net income per share increased to $0.49, a 44.1% increase.

Total Revenue
$727M
Previous year: $599M
+21.5%
EPS
$0.49
Previous year: $0.34
+44.1%
Organic Revenue growth
14.7%
Previous year: 0.5%
+2840.0%
Gross Profit
$330M
Previous year: $252M
+31.2%
Cash and Equivalents
$625M
Previous year: $623
+100352916.7%
Free Cash Flow
$315M
Previous year: $363M
-13.4%
Total Assets
$9.36B
Previous year: $8.2K
+114105263.9%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

This press release contains forward-looking statements regarding future results and the potential effects of the COVID-19 pandemic on the Company’s business, operations, financial performance and prospects.

Revenue & Expenses

Visualization of income flow from segment revenue to net income