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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Brown & Brown (BRO) acquires AGIS Network to enhance its employee benefits and brokerage operations.

Brown & Brown (BRO) Boosts Employee Benefits With AGIS Buyout

DAYTONA BEACH, Fla., Sept. 20, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Joseph V. Certo and Christopher M. Larson, the owners of Gremesco of New Jersey, LLC, today announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of Gremesco of New Jersey.

Bridge Specialty Group, LLC announces the asset acquisition of Gremesco of New Jersey, LLC

DAYTONA BEACH, Fla., Sept. 20, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kevin Sypniewski, founder and president of AGIS Network, Inc., today announced that Brown & Brown has acquired substantially all of the assets of AGIS.

Brown & Brown, Inc. announces the asset acquisition of AGIS Network, Inc.

DAYTONA BEACH, Fla., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announces that S&P Dow Jones Indices reported on September 3, 2021, that the company would be included in the prestigious S&P 500 index effective prior to the open of trading on Monday, September 20, 2021.

Brown & Brown, Inc. joins S&P 500

Ceridian HCM Holding Inc.

Perrigo

S&P Global

Team

Unum

NEW YORK, Sept. 3, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 to ensure each index is more representative of its market capitalization range.

Match Group, Ceridian HCM and Brown & Brown Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Strong segmental performance, strategic buyouts, and solid capital position continue to drive Brown and Brown (BRO).

Brown and Brown (BRO) Stock Up 24% YTD: More Room for Upside?

DAYTONA BEACH, Fla., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of the assets and operations of Berkshire Insurance Group, Inc. by Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown.

Brown & Brown, Inc. completes acquisition of Berkshire Insurance Group, Inc.

Arthur J. Gallagher & Co.

Erie Indemnity

Marsh & McLennan

Willis Towers

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

6 Brokerage Stocks Making the Most of the Rising Demand for Insurance

Strategic initiatives, uptake of technology and rising demand for insurance products are expected to aid insurance brokers like AON, WLTW, MMC and BRO in second-half 2021.

4 Insurance Brokers Poised for a Bull Run in the Second Half

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

Brown & Brown (BRO) Up 5.3% Since Last Earnings Report: Can It Continue?

Brown & Brown (BRO) agrees to acquire Berkshire Insurance to reinforce its footprint in Massachusetts.

Brown & Brown (BRO) Unit Set to Acquire Berkshire Subsidiary

Berkshire Hills Bancorp

BOSTON, Aug. 24, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brown & Brown, Inc. (NYSE: BRO) today announced the execution of a definitive agreement for the sale of the assets and operations of Berkshire Insurance Group, Inc. (BIG), a subsidiary of Berkshire Hills, to Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown. The transaction is subject to customary conditions and is expected to be completed in the third quarter.

Berkshire Hills and Brown & Brown Announce Definitive Agreement to Sell Berkshire Insurance Group to Brown & Brown of Massachusetts

Brown & Brown (BRO) announced that Brown & Brown of Florida, Inc. has bought Sudler Insurance Services to boost its employee benefits business.

Brown & Brown (BRO) to Boost Employee Benefits With Buyout

DAYTONA BEACH, Fla., Aug. 13, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Robert (“Bob”) A. Sudler, the sole shareholder of Sudler Insurance Services, Inc., today announced that Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Sudler Insurance Services.

Brown & Brown, Inc. announces the asset acquisition of Sudler Insurance Services, Inc.

Brown & Brown, Inc. (BRO) CEO Powell Brown on Q2 2021 Results - Earnings Call Transcript

Brown & Brown's (BRO) second-quarter 2021 results reflect higher commission and fees and strong organic growth, partly offset by high costs.

Brown & Brown (BRO) Q2 Earnings & Revenues Beat Estimates

Brown & Brown (BRO) delivered earnings and revenue surprises of 22.50% and 5.74%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Brown & Brown (BRO) Q2 Earnings and Revenues Surpass Estimates

DAYTONA BEACH, Fla., July 26, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2021.

Brown & Brown, Inc. Announces Quarterly Revenues of $727.3 Million, an Increase of 21.5%, and Diluted Net Income Per Share of $0.49

MILWAUKEE, July 14, 2021 /PRNewswire/ -- As the Director of Auditing, Kelly Tanner (CPhT) brings over 30 years of experience in various roles of the pharmacy industry, including 16 years of direct PBM experience.  Kelly has direct experience in Analytics, IT Development, Project Management, Data Validation, and is widely recognized as an expert in pharmacy data processing  and overall PBM understanding.

PillarRx Consulting, LLC Hires Kelly Tanner, Director of Auditing

DAYTONA BEACH, Fla., June 30, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that it will release its 2021 second-quarter earnings on Monday, July 26, 2021, after the close of the market.   On Tuesday, July 27, 2021, J. Powell Brown, President and Chief Executive Officer, and R. Andrew Watts, Executive Vice President and Chief Financial Officer of Brown & Brown, Inc., will host an investor update conference call concerning Brown & Brown's second-quarter 2021 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown's Internet site 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 2021 Second-Quarter Earnings Release and Conference Call Dates

Brown & Brown (BRO) and Marsh & McLennan (MMC) are poised to grow in the thriving insurance brokerage space. Based on certain parameters, we try to find out which stock is better than the other.

MMC vs. BRO: Which Stock is Better Placed for Your Portfolio?

Brown & Brown's (BRO) impressive growth is driven by organic and inorganic means across all segments.

Reasons to Add Brown & Brown (BRO) Stock to Your Portfolio

Brown & Brown, Inc. has shown impeccable financials even at the height of the pandemic.

Brown & Brown: Security For The Insured, Stability For The Investors

Brown & Brown (BRO) Down 0.1% Since Last Earnings Report: Can It Rebound?

Brown & Brown (BRO) completes the buyout of Piper Jordan to enhance its employee benefits services.

News for Brown & Brown Stock (BRO)