BRO Intrinsic Stock Value – BROWN & BROWN Reports Second Quarter FY2023 Earnings Results on July 24, 2023
August 22, 2023
🌥️Earnings Overview
On July 24 2023, BROWN & BROWN ($NYSE:BRO) reported its earnings results for the second quarter of FY2023, ending June 30 2023. The total revenue had grown by 24.7% year over year, amounting to USD 1047.3 million, while net income had increased 31.1%, reaching USD 190.4 million.
Market Price
The stock opened at $71.1 and closed at $70.6, down by 0.8% from the prior day’s closing price of 71.2. This marked a slight decline for the second quarter earnings results, however, the company still achieved a successful quarter overall. The company provides services in property/casualty, employee benefits, surety, and risk management brokerage services to commercial, public entity, and individual customers.
The company’s second quarter fiscal year 2023 earnings results were a testament to the strength of its operations and its ability to adjust to changing markets. BROWN & BROWN has demonstrated success in its second quarter earnings results and remains a leader in the insurance industry. The company’s commitment to providing quality services to its customers has allowed for growth across all areas of their operations and will continue to drive success for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BRO. More…
| Total Revenues | Net Income | Net Margin |
| 3.98k | 726.6 | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BRO. More…
| Operations | Investing | Financing |
| 923.7 | -1.58k | -394 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BRO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.07k | 9k | 17.88 |
Key Ratios Snapshot
Some of the financial key ratios for BRO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.0% | 20.4% | 28.6% |
| FCF Margin | ROE | ROA |
| 21.7% | 14.4% | 5.1% |
Analysis – BRO Intrinsic Stock Value
We, at GoodWhale, recently conducted an analysis of BROWN & BROWN’s wellbeing. According to our proprietary Valuation Line, the intrinsic value of BROWN & BROWN shares is around $71.7. Currently, BROWN & BROWN stock is traded at $70.6, indicating it is fairly priced but slightly undervalued by 1.5%. We believe investors should take this opportunity and invest in BROWN & BROWN stock. More…
Peers
Brown & Brown, Inc. is an American insurance brokerage firm. Its competitors in the insurance brokerage industry are Tian Ruixiang Holdings Ltd, Fanhua Inc, and China United Insurance Service Inc.
– Tian Ruixiang Holdings Ltd ($NASDAQ:TIRX)
Tian Ruixiang Holdings Ltd is a Chinese holding company with investments in a range of businesses, including real estate, education, and healthcare. The company has a market cap of 6.97M as of 2022 and a Return on Equity of -5.01%. Tian Ruixiang’s real estate business is its largest segment, accounting for around half of its revenue. The company’s education business includes a range of schools and colleges, while its healthcare business comprises a hospital and a number of clinics.
– Fanhua Inc ($NASDAQ:FANH)
Fanhua Inc. is a provider of financial services in China. The Company offers property and casualty insurance, life insurance, and reinsurance products. It also provides auto financing, rural financing, and other services. The Company operates through four segments: Insurance Agency, Reinsurance, Auto Finance and Rural Finance.
– China United Insurance Service Inc ($OTCPK:CUII)
54.82M
China United Insurance Service Inc is an insurance company that focuses on providing insurance services to businesses and individuals in China. The company has a market cap of $54.82M and a ROE of 29.69%. The company offers a variety of insurance products, including life, health, and property insurance.
Summary
On July 24 2023, BROWN & BROWN reported its second quarter earnings results for FY2023. The company saw significant year-over-year growth, with total revenue up 24.7% to USD 1047.3 million and net income increasing 31.1% to USD 190.4 million. These positive results demonstrate BROWN & BROWN’s financial strength and indicate that investing in the company could be a wise decision. With experienced management and steady performance, this stock could be a great option for investors looking to diversify their portfolio.
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