Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter. That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the […]
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter.
That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the same period in 2017, Brown & Brown said.
The firm generated revenue of $501.5 million during the first quarter, nearly 8 percent higher than the $465 million it generated in the year-earlier quarter.
“We delivered solid results for the quarter with strong top and bottom line growth, with our net income per share benefiting from a lower effective tax rate resulting from tax reform,” J. Powell Brown, president and CEO of Brown & Brown, said in the earnings report.
The company’s board of directors declared a regular quarterly cash dividend of 7.5 cents per share, to be paid on May 18, to shareholders of record on May 9.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.
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Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter.
That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the same period in 2017, Brown & Brown said.
The firm generated revenue of $501.5 million during the first quarter, nearly 8 percent higher than the $465 million it generated in the year-earlier quarter.
“We delivered solid results for the quarter with strong top and bottom line growth, with our net income per share benefiting from a lower effective tax rate resulting from tax reform,” J. Powell Brown, president and CEO of Brown & Brown, said in the earnings report.
The company’s board of directors declared a regular quarterly cash dividend of 7.5 cents per share, to be paid on May 18, to shareholders of record on May 9.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.
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Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter. That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the […]
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter.
That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the same period in 2017, Brown & Brown said.
The firm generated revenue of $501.5 million during the first quarter, nearly 8 percent higher than the $465 million it generated in the year-earlier quarter.
“We delivered solid results for the quarter with strong top and bottom line growth, with our net income per share benefiting from a lower effective tax rate resulting from tax reform,” J. Powell Brown, president and CEO of Brown & Brown, said in the earnings report.
The company’s board of directors declared a regular quarterly cash dividend of 7.5 cents per share, to be paid on May 18, to shareholders of record on May 9.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.
