Insurance provider Brown & Brown reported revenues in the fourth quarter of 2021 of $738.5 million, up 15 percent, or $96.4 million, during the same period a year ago. Net income was $101.7 million, increasing $4.4 million, or 4.5 percent, and diluted net income per share increased to $0.36, or 5.9 percent as compared to the fourth quarter of the prior year.
Revenues for the full year ended Dec. 31 were $3 billion, an increase of $438.0 million, or 16.8 percent, as compared to 2020. Net income for the year was $587.1 million, increasing $106.6 million, or 22.2 percent, year-over-year.
“The fourth quarter was another strong performance for the team and is a capstone for a great 2021,” said J. Powell Brown, president and CEO. “I want to thank all of our outstanding teammates for winning more new business and retaining our great customers.”
