Reinsurance News

Brown & Brown Q4 revenue rises $63mn

26th January 2021 - Author: Charlie Wood

Insurance broker Brown & Brown has reported $642.1 million in revenues for the fourth quarter of 2020, up $63.1 million from the prior year quarter.

Brown-Brown-LogoOrganic revenue for the quarter increased by 4.7% and net income was $97.3 million, up by $20.8 million.

Revenues for the full year were $2.6 billion, a $221.2 million jump from 2019, with commissions and fees increasing by 9.3%.

Organic Revenue increased by 3.8% for the full year and net income was $480.5 million, increasing $82.0 million.

“We are very proud of our results in a year that challenged everyone globally,” said J. Powell Brown, President and Chief Executive Officer of the Company.

“We delivered good organic growth and margin expansion for the quarter and the full year. Our results are driven by nearly 11,000 dedicated teammates delivering solutions to our customers worldwide. I would like to thank all of our teammates for everything they did during the year.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Heritage announces Q4 cat and weather losses of $41.5mn

Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc., has announced net current accident year catastrophe and weather...