Brown & Brown Q3 2020 Earnings Report
Key Takeaways
Brown & Brown, Inc. reported Q3 2020 revenues of $674.0 million, an 8.9% increase year-over-year. Diluted net income per share increased to $0.47, a 14.6% increase compared to the prior year. The company's organic revenue increased by 4.3%.
Revenues for the third quarter of 2020 were $674.0 million, an increase of 8.9% compared to the third quarter of the prior year.
Commissions and fees increased by 8.7%.
Organic Revenue increased by 4.3%.
Diluted Net Income Per Share increased to $0.47, or 14.6% as compared to the third quarter of the prior year.
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, including those relating to the Company's anticipated financial results for the third quarter of 2020 and the potential effects of the COVID-19 pandemic (“COVID-19”) on the Company’s business, operations, financial performance and prospects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income