Brown & Brown (BRO) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased. It rose compared to the immediately preceding quarter and also compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased. It rose compared to the immediately preceding quarter and also compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+22.6%
Change from the immediately preceding quarter.
Year-over-year
+12.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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 |
|---|---|---|
| Jun 30, 2023 | $1B | +24.7% |
| Sep 30, 2023 | $1.1B | +15.1% |
| Dec 31, 2023 | $1B | +13.9% |
| Mar 31, 2024 | $1.3B | +12.7% |
Revenue performance
The revenue growth was supported by higher core commissions and fees, profit-sharing contingent commissions, and investment income.
Quarterly comparison
The sequential increase was larger than the year-over-year gain, reflecting a stronger performance relative to the prior quarter.
What to watch
The organic revenue growth rate declined from the prior year period, which may warrant attention.