DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter internet earnings of $210 million, down from 2023’s This autumn outcomes, however year-end outcomes for 2024 have been nicely above 2023’s numbers.
On a per-share foundation, the Daytona Seaside, Florida-based insurance coverage brokerage stated it had internet earnings of 73 cents in This autumn. Earnings, adjusted for one-time positive aspects and prices, got here to 86 cents per share.
The quarterly outcomes exceeded Wall Road expectations. The typical estimate of seven analysts surveyed by Zacks Funding Analysis was for earnings of 75 cents per share.
The corporate, which stated it has greater than 500 places of work across the nation, posted income of $1.18 billion within the quarter, which additionally topped Road forecasts. Six analysts surveyed by Zacks anticipated $1.11 billion.
For the yr, the corporate reported revenue of $993 million, up from $871 million for 2023, the corporate reported. Income was reported as $4.81 billion.
Brown & Brown shares have risen virtually 6% for the reason that starting of the yr. Within the remaining minutes of buying and selling on Monday, shares hit $107.84, an increase of 40% within the final 12 months.
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Profit Loss
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