secwatch.observer — SEC 8-K summary
======================================

Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0000950170-22-019915
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown & Brown Q3 revenue up 20.4% to $927.6M; adj. EPS down 13.8% on Hurricane Ian costs
--------------------------------------------------------------------------------

- Diluted EPS of $0.57; adjusted EPS of $0.50 (down 13.8% YoY) due to ~$15M profit-sharing hit and ~$11.5M captive losses from Hurricane Ian.
- Organic revenue growth of 6.7%; commissions and fees up 20.2% driven by acquisitions including GRP & BdB.
- International operations now deliver ~12% of total revenues; company welcomed over 2,500 new teammates from GRP & BdB.
- EBITDAC - Adjusted margin fell to 31.2% from 35.6% a year ago; income before tax margin dropped to 23.5% from 25.5%.
- Nine-month diluted EPS rose 8.2% to $1.85; adjusted EPS up 2.3% to $1.79.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000095017022019915/0000950170-22-019915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000095017022019915/bro-20221024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019915

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer