Below, we take a look at Brown & Brown (BRO) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. Set to Beat the Market? For BRO, shares are up 7.26% over the past week while the Zacks Insurance - Brokerage industry is up 5.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.72% compares favorably with the ind ...

DAYTONA BEACH, Fla., July 29, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), Aquiline Capital Partners, Gijsbert van de Nieuwegiessen and the management ownership team of Quintes Holding B.V. ("Quintes"), today announced that the parties have entered into an agreement to acquire the Quintes insurance operations. The transaction is expected to close in the fourth quarter of 2024, subject to certain closing conditions, including the receipt of required r ...

On the transaction, Mike Bruce shared, "Gijsbert and the team at Quintes share our commitment to always doing what is best for customers, teammates and carrier partners. Their position as an industry leader in the Dutch market will further expand our international footprint and broaden the scope of our global capabilities." Gijsbert van de Nieuwegiessen stated, "After four successful years of strategic partnership with Aquiline, we have found a forever home in Brown & Brown. Quintes and Brown & Brown are li ...

Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - Barksdale Resources Corp. (TSXV: BRO) ("Barksdale" or the "Company") is pleased to announce the closing of the second and final tranche ("Final Tranche") of its previously announced non-brokered private placement offering ("Offering") of units of the Company ("Units") with the issuance of 14,674,683 Units for gross proceeds of $2,201,202.45. The first tranche ("First Tranche") of the non-brokered private placement offering comprising 27,325,317 ...

财务数据和关键指标变化 - 公司总收入达到11.78亿美元,同比增长12.5% [11] - 调整后税前收入增长20%,调整后EBITDAC增长17.3% [28] - 调整后EBITDAC利润率为35.7%,同比提升150个基点 [28] - 调整后每股收益增长17.7%至0.93美元 [28] 各条业务线数据和关键指标变化 - 零售业务收入增长9.3%,有机增长7.3% [30] - 零售业务EBITDAC增长略低于收入增长,主要受到偶发性佣金下降和股票激励费用上升的影响 [30][31] - 项目业务收入增长15.8%,有机增长15.4% [32] - 项目业务EBITDAC利润率提升220个基点至49.6%,主要受益于偶发性佣金增加和费用基数的提升 [32][33] - 批发经纪业务收入增长14.4%,有机增长11% [34][35] - 批发经纪业务EBITDAC利润率提升240个基点至33.3%,主要受益于去年的一次性费用以及费用基数的提升 [35] 各个市场数据和关键指标变化 - 标准市场财产险定价总体上涨5%-10%,工伤险定价下降5%-10% [16][17] - 超额和差额市场财产险定价在第二季度有所缓和,但责任险定价仍在上涨1%-10% [18][19][20] 公司战略和发展方向及行业竞争 - 公司持续通过收购拓展业务,第二季度完成10起收购,预计年收入1300万美元 [21] - 公司在大中型客户和国际市场的能力不断提升,有助于获取更多新业务 [106][107][108][128][129] - 公司看好未来经济环境,预计下半年经济增长和通胀将进一步缓解 [40] 管理层对经营环境和未来前景的评论 - 管理层认为财产险定价在第三季度可能会受到天气因素的影响而出现波动 [67][68] - 管理层对公司未来的有机增长前景保持乐观,但不会对具体数字做出指引 [100][101][102] 其他重要信息 - 公司发行了6亿美元10年期高级债券,为9月到期的5亿美元债券再融资 [36] - 公司上半年现金流量超过3.7亿美元,财务状况良好 [37] - 公司预计全年调整后EBITDAC利润率将提升50-100个基点 [38] 问答环节重要的提问和回答 问题1 **Mark Hughes 提问** 财产险业务对公司有机增长的具体影响 [45][46][47][48][49][50] **Powell Brown 和 Andy Watts 回答** 公司不会单独披露财产险业务的具体影响,但强调公司业务多元化有助于抵消个别业务的波动 [46][49][50] 问题2 **Michael Zaremski 提问** 公司是否存在一些短期推动业绩的因素,未来是否可持续 [55][56][57][58][59][60][61][62] **Powell Brown 回答** 公司执行力出色,文化和团队建设是关键,未来保持良好发展前景 [56][57][58][59] 问题3 **Elyse Greenspan 提问** 公司全年利润率指引中的不确定因素 [63][64][65][66][67][68] **Andy Watts 回答** 利润率指引受多方面因素影响,包括偶发性佣金、业务结构变化以及天气因素等 [64][65][66][67][68]

文章核心观点 - 公司第二季度调整后每股收益93美分,超过市场预期6.8% [1] - 公司收入同比增长12.5%,主要得益于佣金和费用收入的11.4%增长 [3] - 公司有机收入增长10%,EBITDAC利润率扩大150个基点至35.7% [5] - 公司总费用增加5%,主要由于员工薪酬和其他运营费用上升 [6] 财务状况总结 - 公司现金和现金等价物较年初增加58% [7] - 长期债务较年初增加5% [7] - 经营活动现金流同比下降3.8% [7] - 公司派发每股13美分的季度现金股利 [8] 同行业公司表现 - 保险公司Progressive第二季度每股收益和收入均超预期 [10][11] - 保险公司Travelers第二季度核心收益超预期,但总收入略低于预期 [12][13] - 保险公司Selective第二季度经营亏损,收入略低于预期 [14][15]

Brown & Brown (BRO) reported $1.18 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 12.5%. EPS of $0.93 for the same period compares to $0.68 a year ago. View all Key Company Metrics for Brown & Brown here>>> Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenues- Commissions and fees: $1 ...

This quarterly report represents an earnings surprise of 6.90%. A quarter ago, it was expected that this insurance company would post earnings of $1.07 per share when it actually produced earnings of $1.14, delivering a surprise of 6.54%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Brown & Brown has outperformed the market so far this year, the ques ...

Brown & Brown, Inc., a Florida corporation, and its subsidiaries (collectively, "Brown & Brown" or the "Company") is a diversified insurance agency, wholesale brokerage, insurance programs and service organization that markets and sells insurance products and services, primarily in the property, casualty and employee benefits areas. Brown & Brown's business is divided into three reportable segments. The Retail segment provides a broad range of insurance products and services to commercial, public and quasip ...

总体财务表现 - Brown & Brown, Inc.2024年第二季度总收入为12亿美元，同比增长12.5%[1] - 2024年第二季度核心佣金和费用为11.18亿美元，同比增长10.0%[6] - 2024年上半年净收入为5.5亿美元，同比增长29.1%[4] - 公司总资产为159.44亿美元，较上年底增长106.1亿美元[13] - 公司总负债和股东权益为158.44亿美元，较上年底增长106.1亿美元[13] - 2024年第二季度每股稀释净收入为0.90美元，同比增长34.3%[8] - 2024年上半年EBITDAC为8.85亿美元，同比增长16.9%[10] - 公司总资产中，现金及现金等价物占比最高，为110.7亿美元[13] 公司财务细节 - Brown & Brown, Inc. 2024年第二季度净收入为553百万美元，较2023年同期的426百万美元增长[14] - 公司在2024年第二季度的固定资产增加为39百万美元，较去年同期的25百万美元增加[14] - 2024年第二季度公司长期债务净增加599百万美元，较去年同期无增长[14] - Brown & Brown, Inc. 2024年第二季度现金及现金等价物净增加671百万美元，较去年同期的230百万美元增加[14] - 公司2024年第二季度现金及现金等价物总额为2974百万美元，较去年同期的2263百万美元增加[14] 特殊成本说明 - "Acquisition/Integration Costs" 指的是我们收购 GRP (Jersey) Holdco Limited、Orchid Underwriters Agency 和 CrossCover Insurance Services 以及 BdB Limited 公司所产生的收购和整合成本，这些成本不被视为正常、经常性或业务持续运营的一部分[26] - "Foreign Currency Translation" 指的是外汇翻译的影响，通过将当年的外汇汇率应用于我们业务中各种功能性货币到去年同期的美元报告货币，来计算外汇翻译的期间对期间的影响[26] - "1Q23 Nonrecurring Cost" 指的是在2023年第一季度支出约1100万美元，用于解决一项业务事项，这不被视为正常、经常性或业务持续运营的一部分[26]