Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript Summary
Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript Summary
Adjusted earnings per share increased by 12.3% to $0.91.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.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
