Sep 30, 2023

Brown & Brown Q3 2023 Earnings Report

Brown & Brown reported Q3 2023 results, featuring a 15.1% increase in total revenues and 9.6% organic revenue growth.

Key Takeaways

Brown & Brown, Inc. announced strong financial results for the third quarter of 2023, with total revenues reaching $1,067.7 million, a 15.1% increase compared to the previous year. Organic revenue grew by 9.6%. Diluted net income per share was reported at $0.62, with an adjusted diluted net income per share of $0.71.

Total revenues increased by 15.1% to $1,067.7 million.

Organic Revenue grew by 9.6%.

Diluted net income per share increased to $0.62.

Adjusted diluted net income per share increased to $0.71.

Total Revenue
$1.07B
Previous year: $928M
+15.0%
EPS
$0.71
Previous year: $0.5
+42.0%
Organic Revenue growth
9.6%
Previous year: 6.7%
+43.3%
Gross Profit
$536M
Previous year: $457M
+17.2%
Cash and Equivalents
$756M
Previous year: $580M
+30.5%
Free Cash Flow
$302M
Previous year: $240M
+26.2%
Total Assets
$14B
Previous year: $13.7B
+2.4%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

This press release contains forward-looking statements regarding the company's future results, which are subject to various risks and uncertainties. Actual results may differ materially from these statements due to factors such as the inability to retain qualified employees, acquisition-related risks, cybersecurity attacks, international operation risks, and adverse economic conditions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income