Brown & Brown's Revenue Surges 36%, 10% Dividend Hike Highlights Shareholder Focus

Brown & Brown reported Q3 revenue of $1.61 bln, up from $1.19 bln YoY, and increased its quarterly dividend by 10% to $0.165 per share, its 32nd consecutive annual increase. The company also expanded its share buyback authorization by $1.25 bln. The combination of strong revenue results and a 10% dividend hike reinforces near-term optimism, but the persistent risk remains the potential impact of softer CAT property rates on earnings.