Brown & Brown (BRO) Tops Q1 EPS by 5c

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Go back to Brown & Brown (BRO) Tops Q1 EPS by 5c

Brown & Brown, Inc. Announces Quarterly Revenues of $698.5 Million, an Increase of 12.8%; and Diluted Net Income Per Share of $0.54

April 27, 2020 5:00 PM EDT

DAYTONA BEACH, Fla., April 27, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2020.

Revenues for the first quarter of 2020 under U.S. generally accepted accounting principles ("GAAP") were $698.5 million, increasing $79.2 million, or 12.8%, compared to the first quarter of the prior year, with commissions and fees increasing by 12.8% and Organic Revenue(1) increasing by 5.6%. Net income was $152.4 million, increasing $38.5 million, or 33.8%, and diluted net income per share increased to $0.54, or 35.0%, each as compared to the first quarter of the... More