Sep 30, 2021

Brown & Brown Q3 2021 Earnings Report

Brown & Brown's Q3 2021 financial results were announced, revealing revenue growth and increased earnings per share.

Key Takeaways

Brown & Brown reported a 14.3% increase in revenues to $770.3 million for Q3 2021, with net income rising by 9.3% to $146.4 million, and diluted net income per share increasing by 10.6% to $0.52. Adjusted diluted net income per share increased by 11.5% to $0.58. The company highlighted its strong growth and profitability, attributing it to the dedication of its teammates.

Revenues for Q3 2021 increased by 14.3% to $770.3 million.

Net income for Q3 2021 increased by 9.3% to $146.4 million.

Diluted net income per share increased to $0.52, a 10.6% increase.

Organic Revenue increased by 8.5%.

Total Revenue
$770M
Previous year: $674M
+14.3%
EPS
$0.58
Previous year: $0.52
+11.5%
Organic Revenue growth
8.5%
Previous year: 4.3%
+97.7%
Gross Profit
$375M
Previous year: $309M
+21.4%
Cash and Equivalents
$785M
Previous year: $1.07B
-26.7%
Free Cash Flow
$152M
Previous year: $103M
+47.6%
Total Assets
$9.63B
Previous year: $8.8B
+9.5%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

The press release contains certain statements relating to future results which are “forward-looking statements” and are subject to risks and uncertainties.

Revenue & Expenses

Visualization of income flow from segment revenue to net income