BRO stock is likely to benefit from new business opportunities, strong customer retention, increased core commissions and fees, smart acquisitions, and careful use of capital.
Brown & Brown (BRO) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
DAYTONA BEACH, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) has named Stephen P. Hearn, an experienced professional in the insurance field, as executive vice president and chief operating officer. Hearn, who became a member of the Company's board of directors in August 2024, has stepped down from that position to join the operating committee.
BRO's results for the fourth quarter show an increase in organic revenues, thanks to higher commissions, fees, and investment income, along with a larger EBITDAC margin. However, this was balanced out by rising expenses.
Brown & Brown, Inc. (NYSE:BRO) will hold its Q4 2024 Earnings Conference Call on January 28, 2025, at 8:00 AM ET. The call will feature company leaders, including President and CEO Powell Brown and EVP, CFO & Treasurer Andy Watts. Various financial analysts from firms like Raymond James, Goldman Sachs, and Wells Fargo will also participate in the discussion.
On Monday, Brown & Brown, an insurance brokerage, exceeded profit expectations for the fourth quarter, thanks to strong growth in investment returns and higher commissions and fees. Despite economic challenges, both businesses and individuals continue to invest in insurance to protect against risks like natural disasters, cyberattacks, and health crises. The need to safeguard assets and maintain business operations has kept demand for insurance steady, even with inflation and high interest rates affecting other spending.
Brown & Brown (BRO) reported quarterly earnings of $0.86 per share, which is higher than the Zacks Consensus Estimate of $0.75 per share. This is an increase compared to earnings of $0.58 per share from the same period last year.
DAYTONA BEACH, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) has shared its unaudited financial results for both the fourth quarter and the entire year of 2024.
DAYTONA BEACH, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) has announced that its board of directors has approved a regular quarterly cash dividend of $0.15 for each share. This dividend will be paid on February 12, 2025, to those who are shareholders as of February 5, 2025.
Brown & Brown (BRO) has the right mix of factors that could lead to a strong earnings report soon. Be ready for the important expectations.