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Jun 30, 2024
Brown & Brown Q2 2024 Earnings Report
Brown & Brown reported Q2 2024 results with revenue increase and strong organic revenue growth.
Key Takeaways
Brown & Brown, Inc. announced strong Q2 2024 results, featuring a 12.5% increase in total revenues to $1.2 billion and a 10.0% organic revenue growth. Diluted net income per share was reported at $0.90, with an adjusted diluted net income per share of $0.93.
Total revenues increased by 12.5% to $1.2 billion compared to the second quarter of the prior year.
Organic Revenue grew by 10.0% in the second quarter of 2024.
Diluted net income per share increased to $0.90, a 34.3% increase compared to the prior year.
Adjusted diluted net income per share increased to $0.93, a 17.7% increase compared to the prior year.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that are subject to various risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements due to several factors.
Positive Outlook
- Statements are based on current expectations about potential future events.
- Company is a leading insurance brokerage firm.
- Committed to providing innovative strategies to help protect what our customers value most.
- Company has over 16,000 teammates.
- Company has 500+ locations worldwide.
Challenges Ahead
- Inability to hire, retain, and develop qualified employees.
- Risk of cybersecurity attacks or other interruptions in information technology.
- Acquisition-related risks.
- Risks related to international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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