By Dean Seal
Brown & Brown notched higher earnings in the first three months of the year on a larger base of revenue.
The insurance brokerage posted a profit of $311 million, or $1.15 a share, compared with $293 million, or $1.02 a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.29 a share, directly in line with the consensus estimate of analysts surveyed by FactSet.
Total revenue for the quarter rose 12% to $1.4 billion, just below analyst projections for $1.41 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 28, 2025 17:45 ET (21:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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