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 |
$1.1 billion |
$927.6 million |
$3.2 billion |
$2.7 billion |
|
Income before income taxes |
$242.3 million |
$218 million |
$791 million |
$681.8 million |
|
Net income |
$175.9 million |
$161.1 million |
$601.8 million |
$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.”
Earlier this month, the company announced that its board of directors declared a regular quarterly cash dividend of $0.13 per share, payable on November 15.
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