Brown & Brown reports quarterly results

President and CEO cites "another outstanding quarter"

Brown & Brown reports quarterly results

Insurance News

By Terry Gangcuangco

Insurance brokerage Brown & Brown, Inc. has announced its financial results for the third quarter of 2023 – a period described by president and chief executive J. Powell Brown as outstanding.

Here’s how Brown & Brown performed in the three months and nine months ended September 30:


Q3 2023

Q3 2022

9M 2023

9M 2022

Total revenues

US$1.1 billion

US$927.6 million

US$3.2 billion

US$2.7 billion

Income before income taxes

US$242.3 million

US$218 million

US$791 million

US$681.8 million 

Net income

US$175.9 million

US$161.1 million

US$601.8 million

US$526.6 million


Commenting on the numbers, the CEO said: “We had another outstanding quarter and are winning a substantial amount of net new business that drove organic revenue growth of 9.6% for the quarter and over 11% year to date.”

In the UK, Brown & Brown is the name behind Global Risk Partners, which changed its name to Brown & Brown (Europe) Limited in September. 

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