Insurance brokerage Brown & Brown, Inc. has announced its financial results for the third quarter of 2023 – a period described by president and chief executive J. Powell Brown as outstanding.
Here’s how Brown & Brown performed in the three months and nine months ended September 30:
|
Metric |
Q3 2023 |
Q3 2022 |
9M 2023 |
9M 2022 |
|---|---|---|---|---|
|
Total revenues |
US$1.1 billion |
US$927.6 million |
US$3.2 billion |
US$2.7 billion |
|
Income before income taxes |
US$242.3 million |
US$218 million |
US$791 million |
US$681.8 million |
|
Net income |
US$175.9 million |
US$161.1 million |
US$601.8 million |
US$526.6 million |
Commenting on the numbers, the CEO said: “We had another outstanding quarter and are winning a substantial amount of net new business that drove organic revenue growth of 9.6% for the quarter and over 11% year to date.”
In the UK, Brown & Brown is the name behind Global Risk Partners, which changed its name to Brown & Brown (Europe) Limited in September.
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