Benzinga | Oct 26, 2020 07:45PM EDT

Brown & Brown: Q3 Earnings Insights

Brown & Brown (NYSE:BRO) reported Q3 results after Monday's close.

Quarterly Results

Earnings per share increased 33.33% over the past year to $0.52, which beat the estimate of $0.43.

Revenue of $674,000,000 rose by 8.94% year over year, which beat the estimate of $640,890,000.

Looking Ahead

Brown & Brown hasn't issued any earnings guidance for the time being.

Technicals

52-week high: $48.69

52-week low: $30.70

Price action over last quarter: Up 4.74%

Company Profile

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.