Brown & Brown Inc. reported second-quarter financial results topping the second quarter of 2023.
The insurance conglomerate reported second-quarter 2024 revenues of $1.2 billion, up 12.5% from the second quarter of 2023. Profits totaled $257 million, up 35.3% from the second quarter of 2023.
J. Powell Brown, Brown & Brown president and CEO, said, “Each of our three segments delivered an exceptional quarter. These results are a testament to all of our 16,000+ teammates delivering for our customers every day.”
The company said commissions and fees rose 11.4% from the second quarter of 2023. Organic revenue increased 10% from the same period a year ago.
For the first half of the year, revenues totaled $2.4 billion, a 12.6% increase from the first six months of 2023. Profits rose 29.1%, totaling $550 million.
Brown & Brown said commissions and fees rose 11.5% in the first six months from the same time in 2023. Organic revenue increased 9.3% from the first six months of 2023.
