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Stock impact report

Brown & Brown's profit rises on higher income from fees [Yahoo! Finance]

Brown & Brown, Inc. (BRO) 
Last brown & brown, inc. earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brown.edu
Company Research Source: Yahoo! Finance
Insurance brokerages, such as Brown & Brown, serve as a bridge between an insurer and customers, helping clients find a policy that best suits their needs. Unlike insurers, they do not directly sell policies. Economic uncertainty, coupled with increased business risk from cyber attacks and natural disasters, has sustained insurance spending as risk management becomes more critical than ever. Brokers like Brown & Brown benefit as consumers buy more insurance product, earning revenue on the sale of such products. The company's commissions and fees jumped 12% to $1.39 billion in the three months ended March 31. The company's investment and other income, however, dropped to $19 million in the reported quarter from $21 million in the year-ago period. Earlier this month, peer Marsh McLennan's beat Wall Street estimates for first-quarter profit. Brown & Brown is one of the largest independent insurance brokerages in the U.S. specializing in risk management. It operates through f Show less Read more
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