Brown & Brown (BRO) Tops Q3 EPS by 9c
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Brown & Brown, Inc. Announces Quarterly Revenues of $674.0 Million, an Increase of 8.9%, and Diluted Net Income Per Share of $0.47
October 26, 2020 5:01 PM EDTDAYTONA BEACH, Fla., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2020.
Revenues for the third quarter of 2020 under U.S. generally accepted accounting principles ("GAAP") were $674.0 million, increasing $55.3 million, or 8.9%, compared to the third quarter of the prior year, with commissions and fees increasing by 8.7% and Organic Revenue(1) increasing by 4.3%. Net income was $134.0 million, increasing $18.4 million, or 15.9%, and diluted net income per share increased to $0.47, or 14.6% as compared to the third... More
