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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Buoyant demand and strategic initiatives are likely to have boosted businesses for the insurance brokerage stocks.

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A steepening yield curve and an expected increase in insurance premium prices bode well for the U.S. insurance industry, making it prudent to invest in names like Primerica (PRI) and Markel (MKL)

4 Stocks to Gain on Expected Recovery in Insurance Sector

Brown & Brown's (BRO) subsidiary buys Berry Insurance Group to expand its presence and capabilities in the Ohio market.

Brown & Brown (BRO) Boosts Ohio Presence With Berry Insurance

Brown & Brown (BRO) subsidiary's acquisition of ADM Marketing Group will enhance its finance and insurance business.

Brown & Brown (BRO) Subsidiary Buys ADM Marketing Assets

DAYTONA BEACH, Fla., Jan. 04, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Mark Berry, the owner of Berry Insurance Group, today announced that Brown & Brown of Ohio, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Berry Insurance Group.

Brown & Brown, Inc. Announces the Asset Acquisition of Berry Insurance Group

DAYTONA BEACH, Fla., Jan. 04, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Harold (Howie) E. Haldeman, the owner of ADM Marketing Group, Inc. and its affiliate ADM Insurance Services, Ltd. (collectively, ADM), today announced that Brown & Brown Dealer Services (BBDS) has acquired substantially all of the assets of ADM.

Brown & Brown, Inc. Announces the Asset Acquisition of ADM Marketing Group, Inc. and ADM Insurance Services, Ltd. by Brown & Brown Dealer Services

DAYTONA BEACH, Fla., Dec. 31, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announces that it will release its 2020 fourth-quarter earnings on Monday, January 25, 2021, after the close of the market.   On Tuesday, January 26, 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 fourth-quarter 2020 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. EST. Simply log on to www.bbinsurance.com and click on "Investor Relations" and then "Calendar of Events."

Brown & Brown, Inc. Announces 2020 Fourth-Quarter Earnings Release and Conference Call Dates

DAYTONA BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced that it received a certificate of occupancy from the City of Daytona Beach on Friday, December 18, 2020, for its new office building located at 300 North Beach Street. The new facility is part of an overall campus development that includes 15 acres of land located directly across from the Halifax River. The 11-story building with approximately 225,000 square feet will be the home to four businesses and its corporate headquarters. The building will support up to 900 teammates, once fully occupied, and is part of the company's overall growth plans, which include hiring at least 600 new jobs in Volusia County. The building also contains multiple training rooms that will support Brown & Brown University, a proprietary teammate development platform that supports continuous growth and career expansion. Teammates will begin the transition to working in the new building in early January 2021.

Brown & Brown, Inc. Achieves Major Milestone in the Development of New Daytona Beach Campus

Brown & Brown's (BRO) acquisition of O'Leary Insurances is set to help the acquirer to penetrate into the Irish insurance market.

Brown & Brown (BRO) to Foray Into Ireland With O'Leary Insurances

Brown & Brown (BRO) subsidiary's acquisition of South & Western will enhance its insurance business.

Brown & Brown (BRO) Subsidiary Buys Assets of South & Western

DAYTONA BEACH, Fla., Dec. 16, 2020 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Anthony O'Leary, the majority owner of O'Leary Insurances (“OLI”), today announced that Brown & Brown, Inc. (“Brown & Brown”) has entered into an agreement to acquire the general insurance operating companies of OLI. The transaction is expected to close in January 2021, subject to certain closing conditions.

Brown & Brown, Inc. Enters Into Agreement to Acquire O'Leary Insurances

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DAYTONA BEACH, Fla., Dec. 15, 2020 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and John J. (“JJ”) Horan, Jr., the sole shareholder of South & Western General Agency, Inc. (South & Western), today announced that Hull & Company, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of South & Western and all issued and outstanding shares of its affiliate, S&W Premium Finance Company, Inc.

Hull & Company, LLC Announces the Asset Acquisition of South & Western General Agency, Inc.

Brown & Brown (BRO) subsidiary's acquisition of MAJ Companies will enhance growth of BBDS in Ohio and the Midwest.

Brown & Brown (BRO) Subsidiary Buys Assets of MAJ Companies

DAYTONA BEACH, Fla., Dec. 09, 2020 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Sid Vance, the owner of MAJ Companies Ltd. (“MAJ”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of MAJ.

Brown & Brown, Inc. Announces the Asset Acquisition of Maj Companies Ltd. by Brown & Brown Dealer Services

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

Why Is Brown & Brown (BRO) Up 2.7% Since Last Earnings Report?

Brown & Brown (BRO) stock rallies on the back of its winning combination of acquisition activity and increasing premium rates.

Brown & Brown (BRO) Gains 23.4% in a Year: More Room to Run?

The US-based insurance brokerage, which provides risk management solutions to individuals and businesses, has acquired insurtech CoverHound and its wholly owned subsidiary CyberPolicy for an undisclosed amount, per a press release.

Brown & Brown has purchased insurtech marketplace CoverHound, as it looks to digitize its business

Brown & Brown (BRO) subsidiary's acquisition of CoverHound will help the acquirer expand into the digital insurance marketplace.

Brown & Brown Unit Acquires CoverHound, Ramps Up Operations

DAYTONA BEACH, Fla., Nov. 09, 2020 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Keith Moore, the CEO of CoverHound and its wholly owned subsidiary CyberPolicy (collectively, “CoverHound”), today announced that a subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of CoverHound.

Brown & Brown, Inc. Announces the Asset Acquisition of CoverHound and CyberPolicy

Brown & Brown, Inc. (BRO) CEO Powell Brown on Q3 2020 Results - Earnings Call Transcript

Brown & Brown (NYSE:BRO) reported Q3 results after Monday's close. Quarterly Results Earnings per share increased 33.33% over the past year to $0.52, which beat the estimate of $0.43.

Brown & Brown: Q3 Earnings Insights

Brown & Brown (BRO) delivered earnings and revenue surprises of 23.81% and 4.84%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

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

DAYTONA BEACH, Fla., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2020.

Brown & Brown, Inc. Announces Quarterly Revenues of $674.0 Million, an Increase of 8.9%, and Diluted Net Income Per Share of $0.47

Brown & Brown (NYSE: BRO) announces its next round of earnings this Monday, October 26. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

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