Dec 31, 2020

Brown & Brown Q4 2020 Earnings Report

Brown & Brown's Q4 2020 revenues increased, and diluted net income per share also saw growth compared to the prior year.

Key Takeaways

Brown & Brown reported Q4 2020 revenues of $642.1 million, a 10.9% increase year-over-year. Diluted net income per share increased to $0.34, a 25.9% increase compared to the same quarter of the previous year.

Q4 2020 revenues reached $642.1 million, marking a 10.9% increase compared to Q4 2019.

Commissions and fees also increased by 10.9% in Q4 2020.

Organic revenue grew by 4.7% during the quarter.

Diluted net income per share increased to $0.34, up by 25.9% compared to the prior year.

Total Revenue
$642M
Previous year: $579M
+10.9%
EPS
$0.32
Previous year: $0.28
+14.3%
Organic Revenue Growth
4.7%
Previous year: 5.2%
-9.6%
Gross Profit
$263M
Previous year: $242M
+8.3%
Cash and Equivalents
$656M
Previous year: $542M
+21.0%
Free Cash Flow
$167M
Previous year: $205M
-18.6%
Total Assets
$8.97B
Previous year: $7.62B
+17.6%

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” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws.

Revenue & Expenses

Visualization of income flow from segment revenue to net income