Brown & Brown: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2023, 06:15 PM ET
Last Updated - Jun 22, 2023, 04:24 AM EDT
DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported first-quarter net income of $235.5 million.
The Daytona Beach, Florida-based company said it had net income of 83 cents per share. Earnings, adjusted for non-recurring costs, came to 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The insurance company posted revenue of $1.12 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.06 billion.
