[ad_1]
President and chief executive cites “another outstanding quarter”
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.
What do you think about this story? Share your thoughts in the comments below.
Related Stories
Keep up with the latest news and events
Join our mailing list, it’s free!
[ad_2]
Source link