Brown & Brown (BRO) Q1 2025 Earnings Call April 29, 2025 01:19 PM ET Speaker0 Good morning, and welcome to the Brown and Brown Inc. First Quarter Earnings Conference Call. Today's call is being recorded. Please note that certain information discussed during this call, including information contained in the slide presentation posted in connection with this call and including answers given in response to your question may relate to future results or end events or otherwise before looking in nature. Such state ...

Brown & Brown (BRO) Q1 2025 Earnings Call April 29, 2025 08:00 AM ET Company Participants Powell Brown - President & CEOAndrew Watts - EVP, CFO & TreasurerGregory Peters - Managing Director - Equity ResearchMeyer Shields - Managing DirectorCharlie Rodgers - Equity Research AssociateBrian Meredith - Managing DirectorElyse Greenspan - Managing Director Conference Call Participants Mark Hughes - AnalystMichael Zaremski - Managing Director & Senior Equity Research AnalystJoshua Shanker - Managing Director & Equ ...

First Quarter 2025 Results April 28, 2025 Information Regarding Non-GAAP Measures This presentation contains references to "non-GAAP financial measures" as defined in SEC Regulation G, consisting of Organic Revenue, EBITDAC, EBITDAC Margin, EBITDAC - Adjusted, EBITDAC Margin - Adjusted, Income Before Income Taxes - Adjusted, Income Before Income Taxes Margin - Adjusted, Net Income Attributable To The Company - Adjusted and Diluted Net Income Per Share - Adjusted. We present these measures because we believe ...

文章核心观点 2025年第一季度Brown & Brown及其他几家保险公司业绩有不同表现，各公司在营收、利润、费用等方面呈现出增长或下降态势，且部分指标与Zacks共识预期有差异 [1][7][9][11] Brown & Brown公司情况 Q1业绩详情 - 调整后每股收益1.29美元，低于Zacks共识预期0.7%，同比增长13.2% [1] - 总营收14亿美元，超Zacks共识预期0.1%，同比增长11.6%，佣金和费用增长12%至130万美元，与Zacks共识预期相符 [1] - 有机营收增长6.5%至12亿美元 [2] - 投资及其他收入同比下降9.5%至1900万美元 [3] - 调整后EBITDAC为5.35亿美元，同比增长14.8%，EBITDAC利润率从37%升至38.1% [3] - 总费用增长9.3%至9.77亿美元，因员工薪酬福利、其他运营费用和摊销增加 [3] 财务更新 - 2025年第一季度末现金及现金等价物6.69亿美元，较2024年末下降0.8% [4] - 截至2025年3月31日长期债务37.3亿美元，较2024年末增长3.7% [4] - 2025年第一季度经营活动提供的净现金2.13亿美元，同比激增16倍 [4] 股息更新 - 董事会批准每股0.15美元的季度现金股息，将于2025年5月21日支付给5月12日登记在册的股东 [5] Zacks评级 - 目前Zacks评级为3（持有） [6] 其他保险公司情况 Willis Towers Watson - 2025年第一季度调整后每股收益3.13美元，低于Zacks共识预期2.1%，同比持平 [7] - 调整后综合营收22亿美元，报告基础上同比下降5%，有机基础上增长5%，固定汇率基础上下降4%，低于Zacks共识预期3.9% [7] - 服务总成本同比下降13%至18亿美元，低于预期的20亿美元 [8] - 调整后营业利润4.8亿美元，同比下降1%，调整后营业利润率扩大100个基点至21.6% [8] Marsh & McLennan Companies - 2025年第一季度调整后每股收益3.06美元，超Zacks共识预期1.3%，同比增长5% [9] - 综合营收71亿美元，同比增长9%，基础基础上增长4%，低于共识预期0.1% [9] - 总运营费用同比增长11.2%至51亿美元，高于模型预期的48亿美元 [9] - 风险与保险服务部门费用同比增长16.3%，咨询部门费用同比增长4.3% [10] - 调整后营业利润同比增长8%至22亿美元，略低于预期的23亿美元 [10] Selective Insurance Group - 2025年第一季度运营收入每股1.76美元，低于Zacks共识预期6.8%，同比增长32.3% [11] - 总营收13亿美元，同比增长10%，低于Zacks共识预期0.9% [11] - 净保费收入同比增长7%至12亿美元，平均续保纯价格同比扩大220个基点至10.3%，与预期相符 [12] - 净投资收入同比增长12%至9560万美元 [12] - 税后净承保收入3610万美元，同比翻倍以上，净巨灾损失4340万美元，窄于去年同期的5520万美元 [12]

Brown & Brown (BRO) reported $1.4 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.6%. EPS of $1.29 for the same period compares to $1.14 a year ago.The reported revenue represents a surprise of +0.14% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $1.30, the EPS surprise was -0.77%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Brown & Brown (BRO) came out with quarterly earnings of $1.29 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.77%. A quarter ago, it was expected that this insurance company would post earnings of $0.75 per share when it actually produced earnings of $0.86, delivering a surprise of 14.67%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13619 BROWN & BROWN, INC. (Exact name of Registrant as specified in its charter) FORM 10-Q (State or other jurisdiction of incorporation or organization) 300 North Beach Street, Daytona Beach, FL 32114 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

Exhibit 99.1 Brown & Brown, Inc. announces first quarter 2025 results, including total revenues of $1.4 billion, an increase of 11.6%; Organic Revenue growth of 6.5%; diluted net income per share of $1.15; Diluted Net Income Per Share - Adjusted of $1.29; and a quarterly dividend of $0.15 per share Revenues for the first quarter of 2025 under U.S. generally accepted accounting principles ("GAAP") were $1.4 billion, increasing $146 million, or 11.6%, compared to the first quarter of the prior year, with comm ...

Brown & Brown, Inc. (BRO) is expected to register an improvement in its top and bottom lines when it reports first-quarter 2025 results on April 28, after the closing bell.The Zacks Consensus Estimate for BRO’s first-quarter revenues is pegged at $1.4 billion, indicating 11.4% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at $1.30 per share. The Zacks Consensus Estimate for BRO’s first-quarter earnings has moved up 0.7% in the past 30 days. The estimate suggests a ye ...

文章核心观点 - 投资者应关注表现优于同行的公司，葡萄牙商业银行非保荐美国存托凭证（BPCGY）和布朗&布朗（BRO）表现出色值得关注 [1][7] 公司情况 葡萄牙商业银行非保荐美国存托凭证（BPCGY） - 是金融板块成员，目前Zacks排名为2（买入） [2][3] - 过去90天，其全年收益的Zacks共识预期提高3.2%，今年以来股价上涨约23%，跑赢金融板块（平均下跌5.4%） [4] - 属于外国银行行业，该行业今年迄今平均上涨1.4%，BPCGY表现更好 [6] 布朗&布朗（BRO） - 今年以来股价上涨14.9%，过去三个月当前年度每股收益的共识预期提高2.2%，目前Zacks排名为2（买入） [5] - 属于保险经纪行业，该行业今年以来上涨7.9% [7] 行业情况 金融板块 - 包含859只个股，Zacks板块排名为5，Zacks板块排名考量16个不同板块，衡量板块内个股的平均Zacks排名以评估各板块实力 [2] 外国银行行业 - 包含66只个股，Zacks行业排名为21 [6] 保险经纪行业 - 包含9只个股，Zacks行业排名为70 [7]