NYSE$BRO

Brown & Brown Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Brown & Brown reported Q2 2022 results with revenue increasing by 15.5% and diluted net income per share of $0.51.

Brown & Brown, Inc. announced its Q2 2022 financial results, with revenues increasing by 15.5% compared to the prior year. The company's organic revenue increased by 10.3%. Diluted net income per share increased to $0.51, or 4.1%, as compared to the second quarter of the prior year.

  • Revenues for the second quarter of 2022 were $839.7 million, an increase of 15.5% compared to the second quarter of the prior year.
  • Commissions and fees increased by 15.5% and Organic Revenue increasing by 10.3%.
  • Diluted net income per share increased to $0.51, or 4.1%, as compared to the second quarter of the prior year.
  • The company completed its acquisition of GRP on July 1st.

Headline financials

Total Revenue

$840M

Previous: $727M+15.4%
EPS (adj)

$0.51

Previous: $0.49+4.1%
Organic Revenue Growth

10.3%

Previous: 14.7%-29.9%
Capital Expenditures

-$8.3M

Previous: -$13.7M+39.5%
Free Cash Flow

$137M

Previous: $126M+9.0%
Net Income

$145M

Previous: $139M+4.2%
Operating Income

$199M

Previous: $186M+6.7%
Gross Profit

$840M

Previous: $727M+15.4%
Cash & Equivalents

$2.38B

Previous: $850M+180.3%
Total Assets

$12.3B

Previous: $9.36B+31.2%
Stock-Based Comp

$13.9M

Previous: $14M-0.9%

Revenue & EPS history

Brown & Brown · Revenue · Quarterly

$840M

Q2 2022+15.4%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Brown & Brown · $839M total across 2 segments · Q2 2022

  • Commissions & Fees
    $839M+15.5%
  • Investment & Other
    $400K+100.0%

Forward guidance

This press release contains certain statements relating to future results which are “forward-looking statements” and include information about possible or assumed future results of our operations.

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 Q2 2022

Historical avgQ2 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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