Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,613 | $3,051 | $3,573 | $4,257 | $4,805 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $480 | $587 | $672 | $871 | $993 |
Over the five-year period, Brown & Brown, Inc. demonstrated solid revenue and net income growth despite the absence of reported gross profit and operating income figures. Revenue increased steadily from approximately $2.61 billion in 2020 to $4.81 billion in 2024. This represents compound annual growth as the company expanded its top line by roughly 84% over the period. Net income grew from about $480 million in 2020 to nearly $993 million in 2024, representing strong profitability improvement alongside revenue gains. Notably, net income experienced significant growth exceeding 20% from 2020 to 2021 (approximately 22%) and again from 2022 to 2023 (nearly 30%), which could be attributed to market conditions favoring insurance risk management and effective operational strategy amid evolving industry challenges. Brown & Brown, Inc. operates within the competitive insurance brokerage sector, where revenue expansion and net income growth are critical markers of financial health. The consistent upward trend in revenue and net income suggests that the firm is effectively managing its scale and capitalizing on market opportunities, even though detailed margins such as gross profit and operating income are not provided. This steady performance indicates sustainable growth and operational efficiency relative to industry peers. Overall, based on the observed metrics, the company appears financially robust, maintaining strong profitability growth and market presence over the period analyzed. This performance reflects well on its ability to adapt to changing market conditions in the insurance industry while continuing to drive value for its shareholders.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.