Sep 30, 2024

Brown & Brown Q3 2024 Earnings Report

Brown & Brown reported Q3 2024 results with revenue increasing by 11.0% and organic revenue growth of 9.5%.

Key Takeaways

Brown & Brown's Q3 2024 results showed strong growth, with total revenues reaching $1.2 billion, an 11.0% increase year-over-year. Organic revenue grew by 9.5%. Diluted net income per share increased to $0.81, and adjusted diluted net income per share rose to $0.91.

Total revenues for Q3 2024 reached $1.2 billion, up 11.0% compared to the prior year.

Organic revenue growth was 9.5% for the quarter.

Diluted net income per share increased to $0.81, a 30.6% increase year-over-year.

Adjusted diluted net income per share increased to $0.91, a 12.3% increase year-over-year.

Total Revenue
$1.19B
Previous year: $1.07B
+11.2%
EPS
$0.91
Previous year: $0.71
+28.2%
Organic Revenue Growth
9.5%
Previous year: 9.6%
-1.0%
Gross Profit
$414M
Previous year: $536M
-22.8%
Cash and Equivalents
$2.71B
Previous year: $756M
+258.7%
Free Cash Flow
$417M
Previous year: $302M
+37.9%
Total Assets
$17.5B
Previous year: $14B
+25.3%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income