Brown & Brown (BRO) Tops Q4 EPS by 1c

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Go back to Brown & Brown (BRO) Tops Q4 EPS by 1c

Brown & Brown, Inc. Announces Quarterly Revenues of $579.0 Million, an Increase of 13.8%; and Diluted Net Income Per Share of $0.27

January 27, 2020 5:01 PM EST

DAYTONA BEACH, Fla., Jan. 27, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the fourth quarter and full year of 2019.

Revenues for the fourth quarter of 2019 under U.S. generally accepted accounting principles ("GAAP") were $579.0 million, increasing $70.3 million, or 13.8%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 13.6% and Organic Revenue(1) increasing by 5.2%. Net income was $76.5 million, increasing $3.0 million, or 4.1%, and diluted net income per share increased to $0.27,... More