Brown & Brown, Inc. Sees Revenue Growth in Retail and Specialty Distribution Segments

By Bobby Samwell • Saturday, August 23 06:01 • Permanent Link

Brown & Brown, Inc. has released its historical business segment financial information, providing a comprehensive view of its performance over the past few years.

In terms of revenues, the Retail segment experienced significant growth from 2020 to 2024, with commissions and fees increasing from $1.55 billion in 2020 to $2.72 billion in 2024. Similarly, the Specialty Distribution segment also saw a steady rise in commissions and fees, jumping from $1.06 billion in 2020 to $1.98 billion in 2024.

While both segments experienced revenue growth, expenses also increased in line with the rising revenues. For the Retail segment, employee compensation and benefits rose from $856 million in 2020 to $1.46 billion in 2024. The Specialty Distribution segment also witnessed a similar trend, with employee compensation and benefits increasing from $497 million in 2020 to $772 million in 2024.

The company's total expenses followed suit, climbing from $1.28 billion in 2020 to $2.13 billion in 2024 for the Retail segment, and from $766 million in 2020 to $1.24 billion in 2024 for the Specialty Distribution segment.

In terms of income before taxes, the Retail segment saw a notable increase from $273 million in 2020 to $602 million in 2024, while the Specialty Distribution segment's income before taxes surged from $295 million in 2020 to $778 million in 2024.

Looking at the more recent data, for the three months ended December 31, 2024, the Retail segment generated revenues of $637 million, while the Specialty Distribution segment recorded revenues of $534 million. The expenses for the same period amounted to $522 million for the Retail segment and $341 million for the Specialty Distribution segment.

The income before income taxes for the Retail segment stood at $115 million, while the Specialty Distribution segment reported $193 million for the same period.

As a result of these announcements, the company's shares have moved 0.22% on the market, and are now trading at a price of $96.61. For more information, read the company's full 8-K submission here.

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