Brown & Brown (BRO) has shown a fluctuating trend in net income over the past year. Here's a summary of the financial performance:
- Growth in Net Income: The net income for the most recent quarter ending on June 30, 2024, is reported as $259 million, which is a decrease from the previous quarter's net income of $293 million. However, compared to the same quarter in the previous year, there is a significant increase in net income, indicating a strong growth period over the past year.
- Yearly Comparison: If we compare the net income for the quarter ending June 30, 2024, with the same quarter in the previous year, there is a substantial increase. The net income for the same quarter in 2023 was $145.2 million, which indicates a significant improvement in profitability year-over-year.
- Consistency: The net income for the quarter ending March 31, 2024, was $236 million, which is consistent with the previous quarter's net income, suggesting a stable period of financial performance.
In summary, Brown & Brown has demonstrated a strong growth in net income over the past year, with some fluctuations between quarters. The company's financial performance appears to be stable and consistent, which is a positive sign for investors.