Discontinued — last reported Q4 '23
Services — Revenue
Brown & Brown Services — Revenue decreased by 21.7% to $33.2M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 23.0%, from $43.1M to $33.2M. Over 2 years (FY 2021 to FY 2023), Services — Revenue shows relatively stable performance with a -4.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth indicates successful market penetration or increased demand for services, while a decline suggests loss of market share or pricing pressure.
Detailed definition
The total gross income generated by the segment through its primary service offerings, such as insurance brokerage and c...
Peer comparison
Primary metric for comparing scale and market presence against peer insurance brokers.
bro_segment_services_revenuesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $47M | $44.9M | $43.7M | $43.3M | $43.6M | $44M | $41.1M | $43.1M | $44.3M | $43.2M | $42.4M | $33.2M |
| QoQ Change | — | -4.5% | -2.7% | -0.9% | +0.7% | +0.9% | -6.6% | +4.9% | +2.8% | -2.5% | -1.9% | -21.7% |
| YoY Change | — | — | — | — | -7.2% | -2.0% | -5.9% | -0.5% | +1.6% | -1.8% | +3.2% | -23.0% |
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Frequently Asked Questions
- What is Brown & Brown's services — revenue?
- Brown & Brown (BRO) reported services — revenue of $33.2M in Q4 2023.
- How has Brown & Brown's services — revenue changed year-over-year?
- Brown & Brown's services — revenue decreased by 23.0% year-over-year, from $43.1M to $33.2M.
- What is the long-term trend for Brown & Brown's services — revenue?
- Over 2 years (2021 to 2023), Brown & Brown's services — revenue has grown at a -4.5% compound annual growth rate (CAGR), from $178.9M to $163.1M.
- What does services — revenue mean?
- Total money earned by the segment from its core business activities.