Brown & Brown (BRO) Reports In-Line Q4 EPS, Revenues Beat

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Go back to Brown & Brown (BRO) Reports In-Line Q4 EPS, Revenues Beat

Brown & Brown, Inc. Announces Quarterly Revenues of $508.7 Million, an Increase of 7.3%, and Diluted Net Income Per Share of $0.26

January 28, 2019 5:00 PM EST

DAYTONA BEACH, Fla., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the Company) today announced its unaudited financial results for the fourth quarter of 2018.

Revenues for the fourth quarter of 2018 under U.S. generally accepted accounting principles (GAAP) were $508.7 million, increasing $34.4 million, or 7.3%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 7.2%.  Net income was $73.5 million, decreasing $114.0 million, or 60.8%, and diluted net income per share was $0.26, decreasing by 60.6%, each as compared to the fourth quarter of the prior year, with the... More