NYSE$BRO

Brown & Brown Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Brown & Brown's Q4 2020 revenues increased, and diluted net income per share also saw growth compared to the prior year.

Brown & Brown reported Q4 2020 revenues of $642.1 million, a 10.9% increase year-over-year. Diluted net income per share increased to $0.34, a 25.9% increase compared to the same quarter of the previous year.

  • Q4 2020 revenues reached $642.1 million, marking a 10.9% increase compared to Q4 2019.
  • Commissions and fees also increased by 10.9% in Q4 2020.
  • Organic revenue grew by 4.7% during the quarter.
  • Diluted net income per share increased to $0.34, up by 25.9% compared to the prior year.

Headline financials

Total Revenue

$642M

Previous: $579M+10.9%
EPS (adj)

$0.32

Previous: $0.28+14.3%
Organic Revenue Growth

4.7%

Previous: 5.2%-9.6%
Capital Expenditures

$14.9M

Previous: $25.8M-42.2%
Free Cash Flow

$167M

Previous: $205M-18.6%
Net Income

$97.3M

Previous: $76.5M+27.2%
Operating Income

$131M

Previous: $102M+28.3%
Gross Profit

$263M

Previous: $242M+8.3%
Cash & Equivalents

$656M

Previous: $542M+21.0%
Total Assets

$8.97B

Previous: $7.62B+17.6%
Stock-Based Comp

$16.3M

Previous: $12.3M+32.2%

Revenue & EPS history

Brown & Brown · Revenue · Quarterly

$642M

Q4 2020+10.9%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Brown & Brown · $641M total across 2 segments · Q4 2020

  • Commissions & Fees
    $640M+10.9%
  • Investment & Other
    $1M-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 Q4 2020

Historical avgQ4 2020

-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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