Brown & Brown (BRO) Tops Q3 EPS by 1c

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Go back to Brown & Brown (BRO) Tops Q3 EPS by 1c

Brown & Brown, Inc. Announces Quarterly Revenues of $618.7 Million, an Increase of 16.5%; and Diluted Net Income Per Share of $0.41

October 28, 2019 5:01 PM EDT

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

Revenues for the third quarter of 2019 under U.S. generally accepted accounting principles ("GAAP") were $618.7 million, increasing $87.8 million, or 16.5%, compared to the third quarter of the prior year, with commissions and fees increasing by 16.5% and Organic Revenue(1) increasing by 3.4%. Net income was $115.6 million, increasing $9.5 million, or 9.0%, and diluted net income per share was $0.41, increasing by 7.9%, each as compared to the... More