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Brown & Brown Reports Revenue Increases Of 15% In Q2 Results

Brown & Brown Reports Revenue Increases Of 15% In Q2 Results

Brown & Brown Reports Revenue Increases Of 15% In Q2 Results

Brown & Brown Reports Revenue Increases Of 15% In Q2 Results

According to the business, this includes a $112.4 million (15.5 per cent) rise from Q2 21. With the income before income taxes margin falling to 23.7 per cent from 25.6 per cent in the second quarter of the previous year, the income before income taxes was $198.8 million, up 6.7 per cent from the second quarter of the previous year.

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In addition, EBITDAC Margin-Adjusted increased to 32.7 per cent from 32.4 per cent from the prior year, and EBITDAC – Adjusted was $274.7 million, up 16.9 per cent from the second quarter of the prior year.

Brown & Brown Reports Revenue Increases Of 15% In Q2 Results

The firm also reported net income of $145.2 million, a $5.9 million increase (4.2%) compared to Q2 21.

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Additionally, diluted net income per share grew to $0.51, or 4.1%, more than it did at the same time last year. Additionally, adjusted diluted net income per share rose to $0.51, up 6.3% from the second quarter of the previous year.

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J. Powell Brown, President and Chief Executive Officer of the Company, said: “We had an exceptional quarter growing 10.3% organically and profitably. We also completed our acquisition of GRP on July 1st.”

It was previously reported that Global Risk Partners (GRP) will operate within the Brown & Brown retail segment, and will continue to be led by Mike Bruce – global Chief Executive Officer of GRP.

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I Am a financial analyst, Entrepreneur, Blogger and Business model. With 15 years' Consultancy Experience.

IBEH C. JOE

I Am a financial analyst, Entrepreneur, Blogger and Business model. With 15 years' Consultancy Experience.

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