Brown & Brown Announces Strong Q4 As Earnings Beat Estimates

Brown & Brown promotes and sells insurance products and services in the field of property insurance, accident insurance, benefits, and employee benefits with an 18 billion dollars market cap. Today, it announces its unaudited financial results for the fourth quarter and full year of 2021. The quarterly results surpassed the analytics estimates, and its quarterly earnings equaled $0.42 per share, while the analytics estimate of $0.38 per share. Hence, revenue came out strongly at 738.5 million dollars, an expansion of as much as 96.4 million dollars by 15% compared to the previous year.

Brown & Brown

Net profit amounted to 101.7 million dollars, which increased by 4.5%. And for the year, GAAP revenue amounted to 3,051.4 million dollars, compared to 2020, an increase of as much as 438 million dollars. Net income was $587.1 million, increasing by 106.6 million dollars, composing a 22.2% growth. Currently, Brown & Brown’s price is in a positive sign recovering strongly after its sharp fall. At this point, the stock market outperformed well, reaching 14% to $3.80, for today from its last close of $64.61, respectively.