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AI English summary of an SEC filing — figures as filed

Brown & Brown logoBrown & Brown BRO

The company said GAAP revenues for Q3 2024 were $1.2 billion, up $118 million (11.0%) from the same quarter a year earlier. Commissions and fees rose 10.1% in the same quarter, and Organic Revenue increased 9.5%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP revenues for Q3 2024 were $1.2 billion, up $118 million (11.0%) from the same quarter a year earlier. Commissions and fees rose 10.1% in the same quarter, and Organic Revenue increased 9.5%.

  2. Brown & Brown said income before income taxes for Q3 2024 was $317 million, up 31.0% from a year earlier, and that its Income Before Income Taxes Margin rose to 26.7% from 22.7%.

  3. The company said EBITDAC - Adjusted for Q3 2024 was $414 million (up 11.9%), and EBITDAC Margin - Adjusted was 34.9%. Diluted net income per share was $0.81, and Diluted Net Income Per Share - Adjusted was $0.91.

  4. Brown & Brown disclosed in its cash flow statement that net cash provided by operating activities for the 9 months ended September 30, 2024 was $813 million, compared with $704 million a year earlier.

Summary

AI-written

Analysis 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.

Brown & Brown Q3 2024 revenue $1.2 billion, Organic Revenue up 9.5%

The company said GAAP revenues for Q3 2024 were $1.2 billion, up $118 million (11.0%) from the same quarter a year earlier. Commissions and fees rose 10.1% in the same quarter, and Organic Revenue increased 9.5%.

Source · Based on the filing body and exhibits

Brown & Brown Q3 pretax income $317 million, pretax margin 26.7%

Brown & Brown said income before income taxes for Q3 2024 was $317 million, up 31.0% from a year earlier, and that its Income Before Income Taxes Margin rose to 26.7% from 22.7%.

Source · Based on the filing body and exhibits

Brown & Brown Q3 EBITDAC - Adjusted $414 million and adjusted EPS $0.91

The company said EBITDAC - Adjusted for Q3 2024 was $414 million (up 11.9%), and EBITDAC Margin - Adjusted was 34.9%. Diluted net income per share was $0.81, and Diluted Net Income Per Share - Adjusted was $0.91.

Source · Based on the filing body and exhibits

Brown & Brown 9-month operating cash flow $813 million

Brown & Brown disclosed in its cash flow statement that net cash provided by operating activities for the 9 months ended September 30, 2024 was $813 million, compared with $704 million a year earlier.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.