Brown & Brown (BRO) Tops Q2 EPS by 6c
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Brown & Brown, Inc. Announces Quarterly Revenues of $598.8 Million, an Increase of 4.1%; and Diluted Net Income Per Share of $0.34
July 27, 2020 5:01 PM EDTDAYTONA BEACH, Fla., July 27, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2020.
Revenues for the second quarter of 2020 under U.S. generally accepted accounting principles ("GAAP") were $598.8 million, increasing $23.6 million, or 4.1%, compared to the second quarter of the prior year, with commissions and fees increasing by 4.4% and Organic Revenue(1) increasing by 0.5%. Net income was $96.8 million, increasing $4.2 million, or 4.5%, and diluted net income per share increased to $0.34, or 3.0% as compared to the second quarter of... More
