Brown & Brown (BRO) Tops Q4 EPS by 3c
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Brown & Brown, Inc. Announces Quarterly Revenues of $642.1 Million, an Increase of 10.9%, and Diluted Net Income Per Share of $0.34
January 25, 2021 5:00 PM ESTDAYTONA BEACH, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the fourth quarter and full year of 2020.
Revenues for the fourth quarter of 2020 under U.S. generally accepted accounting principles ("GAAP") were $642.1 million, increasing $63.1 million, or 10.9%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 10.9% and Organic Revenue(1) increasing by 4.7%. Net income was $97.3 million, increasing $20.8 million, or 27.2%, and diluted net income per share increased to $0.34, or 25.9% as compared to... More
