•
Dec 31, 2023
Brown & Brown Q4 2023 Earnings Report
Brown & Brown reported Q4 2023 results, with revenue increasing by 13.8% and a new business alignment into three segments.
Key Takeaways
Brown & Brown's Q4 2023 revenues increased by 13.8% to $1,026.2 million, with organic revenue growth of 7.7%. Diluted net income per share was $0.94, and adjusted diluted net income per share was $0.58. The company also announced a new alignment of its businesses into three segments.
Total revenues for Q4 2023 reached $1,026.2 million, a 13.8% increase year-over-year.
Organic Revenue grew by 7.7% in Q4 2023.
Diluted net income per share increased to $0.94, an 84.3% increase compared to the prior year.
The company has realigned its business into three segments: Retail, Programs, and Wholesale Brokerage.
Brown & Brown
Brown & Brown
Brown & Brown Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income