Brown & Brown, Inc. announced its unaudited financial results for the fourth quarter and full year of 2021 were $738.5 million, increasing $96.4 million, or 15%, compared to the fourth quarter of the prior year.
Powell Brown, president and CEO, thanked Brown & Brown’s employees for winning new business and retaining customers.
“The fourth quarter was another strong performance for the team and is a capstone for a great 2021,” Brown said.
The company’s commissions and fees for 2021 increased by 15.3% and organic revenue increased by 9%. Net income was $101.7 million, increasing $4.4 million, or 4.5%, and diluted net income per share increased to $0.36, or 5.9% as compared to the fourth quarter of the prior year.
Revenues for the twelve months ended Dec. 31 were $3,051.4 million, increasing $438.0 million, or 16.8%, as compared to 2020. Brown & Brown’s commissions and fees increased by 16.9%, and organic revenue increased by 10.4%. Net income was $587.1 million, increasing $106.6 million, or 22.2%.
