Brown & Brown: Q4 Earnings Snapshot
By AP News
Published - Jan 22, 2024, 07:42 PM ET
Last Updated - Jan 22, 2024, 07:42 PM EST
DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $268.6 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of 94 cents. Earnings, adjusted for non-recurring gains, were 58 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The insurance company posted revenue of $1.03 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $981.2 million.
