Welcome to our dedicated page for Brown & Brown news (Ticker: BRO), a resource for investors and traders seeking the latest updates and insights on Brown & Brown stock.
Brown & Brown Inc (NYSE: BRO) is a leading insurance intermediary providing risk management solutions through its retail, programs, wholesale brokerage, and services segments. This page serves as the definitive source for investors and industry professionals tracking BRO's corporate developments and market position.
Access timely updates on earnings reports, mergers & acquisitions, leadership changes, and strategic partnerships. Our curated news collection helps stakeholders analyze BRO's performance in commercial insurance, specialty programs, and risk advisory services.
Key coverage areas include quarterly financial results, expansion initiatives across U.S. and international markets, regulatory updates affecting the insurance sector, and innovations in client risk mitigation strategies. All content is verified from primary sources to ensure accuracy.
Bookmark this page for streamlined access to BRO's latest business developments. Check back regularly for essential updates impacting this diversified insurance brokerage's market trajectory.
Brown & Brown, Inc. (NYSE: BRO) reported its Q1 2023 financial results, showing revenues of $1,116.0 million, a 23.4% increase year-over-year. Commissions and fees rose by 22.5%, while organic revenue increased by 12.6%. Net income reached $235.5 million, reflecting a 6.9% growth, and diluted earnings per share (EPS) was $0.83, up 7.8%. However, the income before income taxes margin dropped to 26.4% from 29.3%. The company declared a quarterly dividend of $0.1150 per share, payable on May 17, 2023, to shareholders of record on May 8, 2023. CEO J. Powell Brown highlighted the strong performance and profitable growth.
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