Brown & Brown

Brown & Brown, Inc. is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail Segment receives fees in lieu of commissions. The National Programs segment acts as a managing general agent and provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as the company’s retail agents. The Services segment provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers' compensation and all-lines liability arenas, as well as Medicare Set-aside services, social security disability and Medicare benefits advocacy services and claims adjusting services. The company was founded by J. Adrian Brown and Charles Covington Owen in 1939 and is headquartered in Daytona Beach, FL.

Earnings data Q1 2021

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Brown & Brown excels in Q1 2023, navigating market challenges

Brown & Brown's Q1 performance reflects resilience and strategic adaptability amidst market challenges, with a focus on sustainable growth.
The company's strong financial metrics, active M&A strategy, and operational efficiency underscore its competitive positioning in the industry.
Navigating economic uncertainties and industry dynamics, Brown & Brown remains poised to capitalize on growth opportunities and drive shareholder value.

Brown & Brown reports stellar Q2 results amidst insurance market challenges

Brown & Brown's strong financial performance in Q2 2023 was driven by robust revenue growth and margin expansion.
While facing challenges in certain segments and markets, the company's strategic acquisitions and operational focus position it well for future growth.
Opportunities in the insurance marketplace and board enhancements provide avenues for continued success and value creation.

Brown & Brown excels in Q3, eyes sustainable growth strategies

Brown & Brown's Q3 performance reflects robust financial health, marked by strong revenue growth, margin expansion, and increased profitability.
While facing challenges from inflation and a competitive insurance marketplace, the company's strategic strengths in acquisitions and operational efficiency position it well for future growth.
Opportunities lie in leveraging organic growth momentum, maintaining customer relationships, and prudent debt management to drive sustained performance and shareholder value.

Brown & Brown excels in Q4, sets sights on $8B revenue goal

Brown & Brown demonstrated strong financial performance in Q4 2023, driven by revenue growth, acquisitions, and operational efficiency.
While facing challenges in the insurance marketplace and revenue generation, the company's positive outlook for 2024 and strategic initiatives offer growth opportunities.
With a focus on organic growth, operational excellence, and strategic investments, Brown & Brown aims to achieve its new revenue goal of $8 billion.

Brown & Brown reports robust Q1 performance amidst industry challenges

Brown & Brown's Q1 performance showcased strong revenue growth, margin improvement, and EPS growth. The company's competitive M&A stance and segment-wise organic growth are key highlights.
Navigating challenges like inflation, labor shortages, and tax impacts, Brown & Brown remains focused on growth opportunities. Market actions, acquisitions, and underwriting performance drive the company's success.
With opportunities in acquisitions, liability pricing, and market positioning, Brown & Brown is poised for continued growth. The company's ability to adapt to industry challenges while capitalizing on strengths positions it well for the future.
Stability in segments, growth in contingent commissions, and a focus on organic and overseas growth underscore Brown & Brown's resilience and strategic outlook.

Brown & Brown excels in Q2 2024, eyes growth amid challenges

Brown & Brown's Q2 2024 performance reflects robust growth, operational efficiency, and strategic expansion through acquisitions.
While facing challenges in specific insurance markets and potential storm impacts, the company remains well-positioned for continued growth.
With strong financial stability, diverse segment growth, and market opportunities, Brown & Brown is poised for sustained success in the future.

Brown & Brown reports stellar Q3 results, eyes strategic growth

Brown & Brown's Q3 performance reflects resilience and strategic focus amidst market challenges, with strong revenue growth and operational efficiency.
The company's diversified revenue streams, robust M&A pipeline, and optimism for future growth underscore its long-term sustainability and value creation.
Challenges in casualty insurance and nonrecurring revenue impacts are being addressed through strategic risk management and mitigation strategies.
Overall, Brown & Brown's solid financial health, strong cash flow generation, and growth opportunities position it well for continued success in the market.

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DAYTONA BEACH, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced the completion of the previously announced acquisition of the insurance operations of Quintes Holding B.V.

Brown & Brown, Inc. completes the acquisition of Quintes Holding B.V.

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16 Upcoming Dividend Increases

Brown & Brown (BRO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Brown & Brown (BRO) Upgraded to Buy: Here's What You Should Know

BRO's Q3 results reflect improved organic revenues, driven by higher commission and fees and investment income, expanded EBITDAC margin and increased net investment income, offset by higher expenses.

Brown & Brown Q3 Earnings Top Estimates on Higher Revenues

Brown & Brown, Inc. (NYSE:BRO ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Powell Brown - President and CEO Andy Watts - EVP, CFO and Treasurer Conference Call Participants Gregory Peters - Raymond James Rob Cox - Goldman Sachs Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Michael Zaremski - BMO Mark Hughes - Truist Securities Alex Scott - Barclays Meyer Shields - Keefe, Bruyette & Woods Grace Carter - Bank of America Scott Heleniak - RBC Capital Markets Brian Meredith - UBS Operator Good morning, and welcome to the Brown & Brown Inc. Third Quarter Earnings Call. Today's call is being recorded.

Brown & Brown, Inc. (BRO) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Brown & Brown (BRO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Brown & Brown (BRO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Brown & Brown (BRO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.71 per share a year ago.

Brown & Brown (BRO) Q3 Earnings and Revenues Surpass Estimates

DAYTONA BEACH, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") announced its unaudited financial results for the third quarter of 2024.

Brown & Brown, Inc. announces third quarter 2024 results, including total revenues of $1.2 billion, an increase of 11.0%; Organic Revenue growth of 9.5%; diluted net income per share of $0.81; and Diluted Net Income Per Share - Adjusted of $0.91

DAYTONA BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on November 13, 2024, to shareholders of record on November 6, 2024. The dividend represents a 15% increase from the previous regular quarterly cash dividend of $0.13 per share and is Brown & Brown's 31st consecutive annual dividend increase.

Brown & Brown, Inc. announces 15% increase in quarterly cash dividend rate

Beyond analysts' top -and-bottom-line estimates for Brown & Brown (BRO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Brown & Brown (BRO) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Brown & Brown (BRO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Brown & Brown (BRO) Reports Next Week: Wall Street Expects Earnings Growth

CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Cylinder , the employee benefit provider for digestive health, today announced it entered a partnership with Brown & Brown , a top insurance brokerage and risk management consulting firm. The partnership, which began in June 2024, includes the integration of Cylinder's app-based digestive health management platform into Brown & Brown's robust portfolio of payer solutions, and strengthens the firm's ability to advise health plans on making more informed benefits decisions related to gastrointestinal (GI) care.

Cylinder Partners with Brown & Brown to Expand Access to Digestive Health Solutions

Brown & Brown (BRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Brown & Brown (BRO) Beat Estimates Again in Its Next Earnings Report?

Higher core commissions and fees, new business, solid retention, rate increases, strategic acquisitions and a strong financial position poise Brown & Brown for growth.

Improving Commissions and Fees Aid BRO, High Expenses Ail

This insurance broker stock reached a high and a buy point but quickly reversed. The stock has gained around 44% so far this year.

Insurance Broker Hits Buy Point But Fades On Milton Uncertainty

Brown & Brown stock is forming a flat base after a reaching a record high. But the insurance stock is pulling back to a moving average Monday.

Insurance Stock Faces 160 Mph Headwind From Hurricane Milton

BRO's buyout of Canopy not only expands the acquirer's personal line business but also expands its small business commercial offerings.

Brown & Brown Strengthens Personal Line With Canopy Buyout

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DAYTONA BEACH, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Paul Borchert and Jeff McDonald, principals of The Canopy Group, Inc., today announced that a subsidiary of Brown & Brown, Inc. has acquired the assets of The Canopy Group.

Brown & Brown, Inc. acquires the assets of The Canopy Group

DAYTONA BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2024 third-quarter earnings on Monday, October 28, 2024, after the close of the market. On Tuesday, October 29, 2024, J. Powell Brown, Brown & Brown's president and chief executive officer, and R. Andrew Watts, Brown & Brown's executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown's third-quarter 2024 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's website at 8:00 a.m. EDT. Simply log on to www.bbinsurance.com and click on "Investor Relations" and then "Calendar of Events."

Brown & Brown, Inc. announces 2024 third-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) has announced the appointment of Mike Neal and Mark Abate to the Company's senior leadership team and the Retail segment senior leadership team.

Brown & Brown, Inc. announces senior leadership team appointments

BRO remains well-poised for growth on higher core commissions and fees, new business, solid retention, strategic acquisitions and effective capital deployment.

Brown & Brown Stock Rallies 43.7% YTD: More Room for Upside?

DAYTONA BEACH, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- J. Powell Brown, president and chief executive officer, and Julie Turpin, chief people officer, are proud to announce that Brown & Brown, Inc. (“Brown & Brown”) and our team of companies have been selected by Great Place To Work® and Fortune for the prestigious 2024 Fortune Best Workplaces in Financial Services & Insurance™ List for the fifth consecutive year.

News for Brown & Brown Stock (BRO)