Brown & Brown said revenues for Q4 2024 under GAAP were $1.2 billion, an increase of $158 million or 15.4%, with Organic Revenue increasing 13.8%. Net income attributable to the Company for Q4 was $210 million, a decrease of $59 million or 21.9%.

1. 01

   Brown & Brown said revenues for Q4 2024 under GAAP were $1.2 billion, an increase of $158 million or 15.4%, with Organic Revenue increasing 13.8%. Net income attributable to the Company for Q4 was $210 million, a decrease of $59 million or 21.9%.

2. 02

   The company said Income Before Income Taxes Margin for Q4 decreased to 23.2% from 34.7% in the prior-year quarter. It cited the gain on disposal of certain third-party claims administration and adjusting services businesses sold in Q4 2023 as the reason for this change.

3. 03

   Brown & Brown said revenues for 2024 under GAAP were $4.8 billion, an increase of $548 million or 12.9%, with Organic Revenue increasing 10.4%. Diluted net income per share was $3.46, and Diluted Net Income Per Share - Adjusted was $3.84.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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

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