Benzinga | Apr 26, 2021 05:32PM EDT

Brown & Brown: Q1 Earnings Insights

Shares of Brown & Brown (NYSE:BRO) fell 1.3% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 37.25% year over year to $0.70, which beat the estimate of $0.58.

Revenue of $815,300,000 rose by 16.72% from the same period last year, which beat the estimate of $755,810,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $50.62

52-week low: $34.06

Price action over last quarter: Up 9.04%

Company Overview

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.