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BRO — Brown & Brown News Story

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Insurance broker Brown & Brown Q3 revenue, profit beat estimates

Overview

Brown & Brown Q3 revenue grows 35.4% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, rising 15.4% yr/yr

Company welcomes over 5,000 new employees in Q3

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

COMMISSIONS AND FEES - Revenue growth driven by a 34.2% increase in commissions and fees

ORGANIC REVENUE - Organic revenue grew by 3.5%, contributing to overall revenue increase

NEW EMPLOYEES - Over 5,000 new employees joined, enhancing global capabilities

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$1.61 bln$1.52 bln (9 Analysts)
Q3 Adjusted EPSBeat$1.05$0.93 (12 Analysts)
Q3 EPS$0.68
Q3 Organic Revenue Growth3.5%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the multiline insurance & brokers peer group is "buy." Wall Street's median 12-month price target for Brown & Brown Inc is $106.00, about 17.2% above its October 27 closing price of $87.76 The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 25 three months ago Press Release: ID:nGNX4ZyGSW For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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