AI English summary of an SEC filing — figures as filed
Brown & Brown BROThe company said GAAP revenues for Q2 2024 were $1.2 billion, up $131 million, or 12.5%, from a year earlier, and Organic Revenue rose 10.0%.
Key points
AI summaryThe company said GAAP revenues for Q2 2024 were $1.2 billion, up $131 million, or 12.5%, from a year earlier, and Organic Revenue rose 10.0%.
Brown & Brown said net income attributable to the company for Q2 2024 was $257 million, up $67 million, or 35.3%. Diluted net income per share was $0.90, and Diluted Net Income Per Share - Adjusted was $0.93.
The company said EBITDAC - Adjusted for Q2 2024 was $420 million, and EBITDAC Margin - Adjusted was 35.7%, compared with 34.2% a year earlier. It said the calculation excludes $(31) million of (gain)/loss on disposal.
The company reported that net cash provided by operating activities for the 6 months ended June 30, 2024 was $373 million. It also reported net proceeds from long-term debt of $599 million and cash dividends paid of $75 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Revenue and Organic Revenue Growth for Q2 2024
The company said GAAP revenues for Q2 2024 were $1.2 billion, up $131 million, or 12.5%, from a year earlier, and Organic Revenue rose 10.0%.
Source · Based on the filing body and exhibits
Earnings and Diluted EPS for Q2
Brown & Brown said net income attributable to the company for Q2 2024 was $257 million, up $67 million, or 35.3%. Diluted net income per share was $0.90, and Diluted Net Income Per Share - Adjusted was $0.93.
Source · Based on the filing body and exhibits
EBITDAC - Adjusted and Gain on Disposal
The company said EBITDAC - Adjusted for Q2 2024 was $420 million, and EBITDAC Margin - Adjusted was 35.7%, compared with 34.2% a year earlier. It said the calculation excludes $(31) million of (gain)/loss on disposal.
Source · Based on the filing body and exhibits
Operating Cash Flow and Financing Activities for 6 Months
The company reported that net cash provided by operating activities for the 6 months ended June 30, 2024 was $373 million. It also reported net proceeds from long-term debt of $599 million and cash dividends paid of $75 million.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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