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BRO has a market capitalization of nearly $34 billion, selling insurance products mostly in the U.S., but also in London, Bermuda, and the Cayman Islands. The company’s focus is mostly on property, casualty, and employee benefits lines of business, where BRO connects customers with insurers and generates fees in the process. BRO’s new business, customer retention, rate increases, and acquisitions keep it in a strong financial position.
Earnings-wise, BRO’s fourth-quarter fiscal 2024 report showed $1.2 billion in quarterly revenue, which beat estimates and represents a 15.4% year-over-year increase. Per-share earnings came in at $0.73 on a diluted basis, beating estimates of $0.65. For the full year, revenue came in at $4.8 billion, which was up 12.9% over 2023 and was largely boosted by organic business growth.
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