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.

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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., July 05, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Global Risk Partners Limited.

Brown & Brown, Inc. completes the acquisition of Global Risk Partners Limited

DAYTONA BEACH, Fla., July 01, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of Quinlan Insurance by O'Leary Insurances Ltd., part of Brown & Brown.

Brown & Brown, Inc., completes the acquisition of Patrick Quinlan Insurance by O'Leary Insurance Ltd.

DAYTONA BEACH, Fla., June 30, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2022 second-quarter earnings on Monday, July 25, 2022, after the close of the market. On Tuesday, July 26, 2022, 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 second-quarter 2022 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 2022 second-quarter earnings release and conference call dates

Improving new business, solid retention and continued rate increases for most lines of coverage poise Brown & Brown (BRO) well for growth.

Why You Should Add Brown & Brown (BRO) Stock to Your Kitty

Brown & Brown's (BRO) unit Brown & Brown Dealer Services acquires Profits Creation to extend its presence in the Southeast.

Brown & Brown (BRO) Strengthens Portfolio With Profits Creation

DAYTONA BEACH, Fla., June 08, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Gerry White, owner of Profits Creation Corp. (“Profits Creation”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of Profits Creation.

Brown & Brown, Inc. announces the acquisition of Profits Creation Corp. by Brown & Brown Dealer Services

Brown & Brown's (BRO) unit Brown & Brown Dealer Services acquires Dealer Specialties to extend its presence in New York.

Brown & Brown (BRO) Expands in New York With Dealer Specialties

DAYTONA BEACH, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Andrew (Andy) Courchaine, owner of Dealer Specialties Group Corp. (“Dealer Specialties”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of Dealer Specialties.

Brown & Brown, Inc. announces the acquisition of Dealer Specialties Group Corp. by Brown & Brown Dealer Services

Brown & Brown (BRO) is well poised for growth on the back of favorable growth estimates new businesses, better customer retention and low leverage.

Should You Retain Brown & Brown (BRO) Stock in Your Portfolio?

Brown & Brown (BRO) reported earnings 30 days ago. What's next for the stock?

Brown & Brown (BRO) Down 14.8% Since Last Earnings Report: Can It Rebound?

DAYTONA BEACH, Fla., May 17, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of Kiet Tran as chief technology officer for Brown & Brown.

Brown & Brown, Inc. announces the appointment of Kiet Tran as chief technology officer

Brown & Brown's (BRO) unit Brown & Brown of Massachusetts acquires Claim Technologies to assess the performance of administrators of employee benefit plans.

Brown & Brown (BRO) Strengthens Portfolio With CTI Buyout

DAYTONA BEACH, Fla., May 16, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Donald (Don) R. Brandt and Randall (Randy) J. Brandt, the principals of Claim Technologies Incorporated (CTI), today announced that Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of CTI.

Brown & Brown, Inc. announces the asset acquisition of Claim Technologies Incorporated

Arthur J. Gallagher & Co.

Marsh & McLennan

Willis Towers Watson PLC

Increased demand for insurance products, given an aging population, baby boomers and millennials and the adoption of technology should drive insurance brokers like MMC, AON, AJG, WTW and BRO.

5 Insurance Brokers Benefiting From Rising Demand

DAYTONA BEACH, Fla., April 29, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Patrick Quinlan, the owner of Patrick Quinlan Insurance (“Quinlan Insurance”), today announced that Brown & Brown, Inc. (“Brown & Brown”) has entered into an agreement to acquire the general insurance operations of Quinlan Insurance. The transaction is expected to close in late June 2022, subject to certain closing conditions.

Brown & Brown, Inc. enters into agreement to acquire Patrick Quinlan Insurance

Brown & Brown, Inc. (NYSE:BRO ) Q1 2022 Earnings Conference Call April 26, 2022 8:00 AM ET CompanyParticipants Powell Brown - President & Chief Executive Officer Andy Watts - Executive Vice President & Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Greg Peters - Raymond James Mark Hughes - Truist Weston Bloomer - UBS Yaron Kinar - Jefferies Derek Han - KBW Mark Hughes - Truist Michael Phillips - Morgan Stanley Operator Please standby, we are about to begin. Good morning and welcome to the Brown & Brown, Inc. First Quarter Earnings Call.

Brown & Brown, Inc. (BRO) CEO Powell Brown on Q1 2022 Results - Earnings Call Transcript

Brown & Brown's (BRO) first-quarter 2022 results reflect higher commission and fees and organic growth, offset by lower investment income.

Brown & Brown's (BRO) Q1 Earnings Beat Estimates, Rise Y/Y

Brown & Brown (BRO) delivered earnings and revenue surprises of 4% and 1.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Brown & Brown (BRO) Q1 Earnings and Revenues Top Estimates

DAYTONA BEACH, Fla., April 25, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2022.

Brown & Brown, Inc. announces quarterly revenues of $904.7 million, an increase of 11.0%, diluted net income per share of $0.77, Diluted Net Income Per Share - Adjusted of $0.78 and a quarterly dividend of $0.1025 per share

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ProAssurance

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Better pricing, exposure growth, accelerated digitalization and sturdy capital are expected to help PRA, VOYA, HIG, BRO, and AFL outperform Q1 earnings estimates.

5 Insurers Poised to Beat Estimates This Earnings Season

Here is how Brown & Brown (BRO) and CF Bankshares Inc. (CFBK) have performed compared to their sector so far this year.

Has Brown & Brown (BRO) Outpaced Other Finance Stocks This Year?

Segmental outperformance, strategic buyouts and a solid financial position well poise Brown & Brown (BRO) for growth.

Here's Why You Should Stay Invested in Brown & Brown (BRO)

DAYTONA BEACH, Fla., April 01, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Orchid Underwriters Agency and CrossCover Insurance Services.

Brown & Brown, Inc. completes the acquisition of Orchid Underwriters Agency and CrossCover Insurance Services

DAYTONA BEACH, Fla., March 31, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2022 first-quarter earnings on Monday, April 25, 2022, after the close of the market. On Tuesday, April 26, 2022, 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 first-quarter 2022 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 2022 first-quarter earnings release and conference call dates

Brown & Brown Inc. ( BRO , Financial), an insurance broker based out of Daytona Beach, Florida that primarily sells insurance services for property, casualty and employee benefits, is expanding geographically -- and financially.

News for Brown & Brown Stock (BRO)