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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.