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Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript Summary

Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript Summary

Brown & Brown,Inc.(BRO)2024年第三季度業績會議通話摘要
富途資訊 ·  10/30 01:34  · 電話會議

The following is a summary of the Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript:

以下是Brown & Brown,Inc.(BRO)Q3 2024業績會議呼叫交易摘要:

Financial Performance:

金融業績:

  • Brown & Brown, Inc. reported a Q3 revenue of $1.2 billion, which grew by 11% year-over-year and 9.5% organically.

  • EBITDAC margin improved by 30 basis points to $34.9 million.

  • Adjusted earnings per share increased by 12.3% to $0.91.

  • Effective tax rate decreased to 24.6%, contributing to higher net profitability.

  • Income before income taxes increased by 13.1%, and dividends paid per share increased by 13% compared to Q3 2023.

  • Brown & Brown,Inc.報告Q3營業收入爲12億美元,同比增長11%,有機增長9.5%。

  • EBITDAC利潤率提高了30個點子,達到3490萬美元。

  • 調整後的每股收益增長了12.3%,達到0.91美元。

  • 有效稅率下降到24.6%,有助於提高淨利潤率。

  • 所得稅前收入增長了13.1%,每股分紅派息較2023年Q3增長了13%。

Business Progress:

業務進展:

  • The company completed four acquisitions with estimated annual revenues of $8 million.

  • Organic growth in the Retail segment was 3.9%, driven by net new business but offset by moderating rates and lower growth in exposure units.

  • The Programs segment experienced remarkable organic growth of 22.8%, attributed to new business and expansion of existing customers, particularly in lender-placed business and captives.

  • Wholesale Brokerage achieved an 8.4% organic growth, supported by a combination of rate increases and new business.

  • 公司完成了四起收購,預計年收入爲800萬美元。

  • 零售業務部門有機增長率爲3.9%,受淨新增業務推動,但因利率適度下降和暴露單位增長放緩而受到抵消。

  • 方案業務部門有着22.8%顯著的有機增長,歸因於新業務和現有客戶的擴展,尤其是在放貸人保業務和自保方面。

  • 批發券商實現了8.4%的有機增長,得益於利率提高和新業務的結合。

Opportunities:

機會:

  • Continued positive outlook for M&A activity, supported by a strong capital position and declining interest rates boosting private equity interest.

  • Enhanced capabilities in the employee benefits consulting business to navigate complex healthcare markets.

  • Expansion in international markets, exemplified by the anticipated closing of Qantas team in The Netherlands.

  • 併購活動前景繼續看漲,資本實力強勁,並伴隨着正在提高的私募股權興趣和不斷下降的利率。

  • 增強了僱員福利諮詢業務的能力,以應對複雜的醫療保健市場。

  • 依託在國際市場的擴張,季塔斯團隊有望在荷蘭完成交易。

Risks:

風險:

  • Moderate increase or decrease in rate adjustments across various insurance lines, impacting overall profitability.

  • Potential impacts from Hurricanes Helene and Milton on contingent commissions and claims costs impacting profitability and financial performance in the near term.

  • 不同保險業務線的利率調整適度增加或減少,從而影響整體盈利能力。

  • 颶風海倫和米爾頓可能對追加佣金和索賠成本產生影響,在短期內影響盈利能力和財務表現。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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