Brown & Brown (BRO) Tops Q1 EPS by 12c, Revenues Beat
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Brown & Brown, Inc. Announces Quarterly Revenues of $815.3 Million, an Increase of 16.7%, Diluted Net Income Per Share of $0.70, and a Quarterly Dividend of $0.0925 Per Share
April 26, 2021 5:00 PM EDTDAYTONA BEACH, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2021.
Revenues for the first quarter of 2021 under U.S. generally accepted accounting principles ("GAAP") were $815.3 million, increasing $116.8 million, or 16.7%, compared to the first quarter of the prior year, with commissions and fees increasing by 16.9% and Organic Revenue(1) increasing by 9.8%. Net income was $199.7 million, increasing $47.3 million, or 31.0%, and diluted net income per share increased to $0.70, or 29.6% as compared to the first quarter of the prior... More
