Insurance broker Brown & Brown reported third quarter net income dropped 12 percent from the same period last year as the combination of declining prices and economic dislocations affected earnings.

For the third quarter, the Daytona Beach, Fla.–based insurance broker reported net income was down $5.6 million to $40.6 million. The loss in net income did not affect revenue which increased 4 percent, or $9.7 million, to $247 million.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.