Jun 30, 2022

Brown & Brown Q2 2022 Earnings Report

Brown & Brown reported Q2 2022 results with revenue increasing by 15.5% and diluted net income per share of $0.51.

Key Takeaways

Brown & Brown, Inc. announced its Q2 2022 financial results, with revenues increasing by 15.5% compared to the prior year. The company's organic revenue increased by 10.3%. Diluted net income per share increased to $0.51, or 4.1%, as compared to the second quarter of the prior year.

Revenues for the second quarter of 2022 were $839.7 million, an increase of 15.5% compared to the second quarter of the prior year.

Commissions and fees increased by 15.5% and Organic Revenue increasing by 10.3%.

Diluted net income per share increased to $0.51, or 4.1%, as compared to the second quarter of the prior year.

The company completed its acquisition of GRP on July 1st.

Total Revenue
$840M
Previous year: $727M
+15.5%
EPS
$0.51
Previous year: $0.49
+4.1%
Organic Revenue growth
10.3%
Previous year: 14.7%
-29.9%
Gross Profit
$428M
Previous year: $330M
+29.5%
Cash and Equivalents
$2.38B
Previous year: $625M
+281.1%
Free Cash Flow
$234M
Previous year: $315M
-25.5%
Total Assets
$12.3B
Previous year: $9.36B
+31.2%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

This press release contains certain statements relating to future results which are “forward-looking statements” and include information about possible or assumed future results of our operations.

Revenue & Expenses

Visualization of income flow from segment revenue to net income