Brown & Brown, Inc. has just released its "Focused on Forever 2024 Global Impact Report" and it is packed with impressive figures. The diversified insurance agency and brokerage firm, operating in 46 states and 177 international locations, has showcased its remarkable growth.
In the fiscal year 2023, Brown & Brown, Inc. reported a 12% increase in revenue, reaching $3.8 billion, up from $3.4 billion in the previous period. This is a clear indicator of the company's upward trajectory.
The company's commitment to its employees is evident in its workforce growth, with a 10% increase in the number of teammates, reaching a total of 12,500. This demonstrates a significant investment in human capital.
Furthermore, Brown & Brown, Inc. has also contributed significantly to its communities. The company reported a 15% increase in charitable giving, totaling $10 million. This exemplifies the company's dedication to making a positive impact beyond its business operations.
The report also highlights the company's global expansion, with a 20% increase in international locations. This expansion signifies the company's efforts to strengthen its presence in various countries.
These numbers clearly portray a company that is not only growing financially but also investing in its people and communities, while expanding its global footprint. Brown & Brown, Inc.'s "Focused on Forever 2024 Global Impact Report" underscores its commitment to sustainable growth and responsible business practices. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $83.89. For more information, read the company's full 8-K submission here.
