Brown & Brown (BRO) Revenue — Quarter Ended Sep 30, 2023
Brown & Brown's revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was supported by higher core commissions and fees, profit-sharing contingent commissions, and investment income.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Brown & Brown's revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was supported by higher core commissions and fees, profit-sharing contingent commissions, and investment income.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+15.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $901M | +22.0% |
| Mar 31, 2023 | $1.1B | +23.4% |
| Jun 30, 2023 | $1B | +24.7% |
| Sep 30, 2023 | $1.1B | +15.1% |
Revenue performance
Revenue rose sequentially from the preceding quarter and showed a strong year-over-year increase. The improvement was broad-based across major revenue components.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew modestly. Relative to the same quarter one year earlier, the increase was more pronounced, reflecting sustained business momentum.
What to watch
Monitor profit-sharing contingent commissions and investment income, which showed notable changes from the prior year and contributed to the revenue shift.