NYSE$BRO

Brown & Brown Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Brown & Brown's Q1 2022 results showed revenue growth and strong performance.

Brown & Brown reported a strong first quarter in 2022, with revenues increasing by 11.0% to $904.7 million. Diluted net income per share increased to $0.77, and adjusted diluted net income per share increased to $0.78. The company's organic revenue grew by 7.8%.

  • Revenues for Q1 2022 increased by 11.0% to $904.7 million compared to the first quarter of the prior year.
  • Commissions and fees increased by 11.1% and Organic Revenue increased by 7.8%.
  • Diluted net income per share increased to $0.77, or 10.0% as compared to the first quarter of the prior year.
  • Adjusted diluted net income per share increased to $0.78, or 11.4%, compared to the first quarter of the prior year.

Headline financials

Total Revenue

$905M

Previous: $815M+11.0%
EPS (adj)

$0.78

Previous: $0.70+11.4%
Organic Revenue Growth

7.8%

Previous: 9.8%-20.4%
Capital Expenditures

-$10M

Previous: -$11.4M+12.5%
Free Cash Flow

$210M

Previous: $188M+11.7%
Net Income

$220M

Previous: $200M+10.3%
Operating Income

$265M

Previous: $239M+10.8%
Gross Profit

$905M

Previous: $815M+11.0%
Cash & Equivalents

$1.69B

Previous: $679M+149.7%
Total Assets

$11.3B

Previous: $8.91B+26.5%
Stock-Based Comp

$20.1M

Previous: $18.7M+7.5%

Revenue & EPS history

Brown & Brown · Revenue · Quarterly

$905M

Q1 2022+11%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Brown & Brown · $905M total across 2 segments · Q1 2022

  • Commissions & Fees
    $904M+11.1%
  • Investment & Other
    $200K-33.3%

Forward guidance

This press release may contain certain statements relating to future results which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.8%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+6.7%

Q4 2019

Best reaction

-10.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-12.8%-15.0%
Q4 2025-5.8%-9.4%-10.6%
Q3 2025-6.1%-9.1%-8.3%
Q2 2025+0.2%+1.7%-1.7%
Q1 2025-6.0%-3.8%-2.8%
Q4 2024-2.6%-2.9%+8.0%
Q3 2024+1.0%+0.2%+8.9%
Q2 2024+6.0%+7.3%+11.9%
Q1 2024+0.9%-0.9%+10.9%
Q4 2023+5.5%+1.1%+4.0%
Q3 2023+3.8%+0.7%+11.0%
Q2 2023+1.8%-0.9%+2.4%
Q1 2023+2.6%+4.9%+2.8%
Q4 2022-4.9%-6.7%-8.5%
Q3 2022-10.5%-4.7%-4.7%
Q2 2022-0.5%+5.1%+5.5%
Q1 2022-3.0%-8.5%-17.1%
Q4 2021+2.0%+2.0%+1.7%
Q3 2021-3.9%-5.1%-0.2%
Q2 2021+0.8%+0.1%+6.5%
Q1 2021+2.8%+5.3%+2.3%
Q4 2020-3.8%-9.3%+0.6%
Q3 2020-3.2%-6.9%-1.8%
Q2 2020-2.0%+0.2%+0.6%
Q1 2020+2.4%+0.9%+15.0%
Q4 2019+6.7%+7.3%+10.5%
Q3 2019+3.8%+4.6%+5.6%
Q2 2019+2.5%+4.9%+3.9%
Q1 2019+3.3%+3.6%+4.8%
Q4 2018-5.1%-1.2%+4.0%
Q3 2018-2.9%-3.2%-2.0%
Q2 2018-2.4%-1.3%+1.9%
Q1 2018+1.7%+6.9%+7.5%
Q4 2017-0.8%+2.4%+0.0%
Q3 2017-0.8%-0.1%+1.1%
Q2 2017-0.6%+1.8%+1.7%
Q1 2017+2.5%+2.9%+1.3%
Q4 2016-1.3%-1.3%-1.5%
Q3 2016+0.4%-2.4%+13.0%
Q2 2016+3.8%+2.9%+0.9%
Q1 2016-2.9%
Q4 2015+1.1%
Q3 2015-0.6%
Q2 2015-3.8%
Q1 2015-0.4%
Q4 2014-0.8%
Q3 2014-0.9%
Q2 2014+3.9%
Q1 2014-4.0%
Q4 2013-10.2%
Q3 2013-2.0%
Q2 2013-0.5%
Q1 2013-1.2%
Q4 2012+6.0%
Q3 2012-2.2%
Q2 2012-1.9%
Q1 2012+0.6%
Q4 2011+1.3%
Q3 2011-2.1%
Q2 2011+0.9%
Q1 2010+0.0%
Q1 2011+2.6%
Q4 2008-3.1%
Q3 2010+0.3%
Q3 2009+0.3%
Q2 2010+0.9%
Q2 2009+0.9%
Q4 2009+0.9%

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