Brown & Brown retail organic soars by 9.8%, consolidated margins +120bps

James Thaler

April 26, 2021

Daytona Beach-based broker Brown & Brown grew consolidated organic revenue by 9.8% in the first quarter, a steep acceleration from the 5.7% growth rate before the onset of the pandemic last year, and expanded overall margins by 120bps.

The sharp rise in the top line helped the broker beat analyst estimates by generating $0.70 in diluted net income per share, ahead of the $0.57

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