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., Oct. 02, 2023 (GLOBE NEWSWIRE) --  Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2023 third-quarter earnings on Monday, October 23, 2023, after the close of the market. On Tuesday, October 24, 2023, 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 2023 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 2023 third-quarter earnings release and conference call dates

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Solid new businesses, premium-rate increases across the majority of business lines, expansion initiatives, strategic acquisitions and a strong financial position continue to drive Brown & Brown (BRO).

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

Brown & Brown has seen rapid expansion through acquisitions, but the market is overvaluing the company. BRO operates in various aspects of the insurance industry and has shown strong growth and profitability. Rising debt levels and high valuation pose risks, but BRO is likely to continue growing its top line through acquisitions. Hold rating for now.

Brown & Brown: The Upside Is Limited

Brown & Brown has outperformed the market since initial coverage, returning 24% compared to 8% for the S&P 500. The company has seen strong revenue growth through organic growth and acquisitions. An inverse DCF suggests that Brown & Brown is at a fair value, but there is no margin of safety.

Brown & Brown: A Track Record Of Acquiring Talent

Brown & Brown appears to be selling below its fair value, providing a good investment opportunity. The company's recent financial results and investor day event further solidify its potential for success. Brown & Brown's diversified business model, strategic acquisitions, and market potential make it an attractive investment option.

Brown & Brown: A Compelling Investment Opportunity

DAYTONA BEACH, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- J. Powell Brown, president and chief executive officer, and Julie Turpin, chief people officer, are pleased to announce that Great Place To Work and Fortune Media have named Brown & Brown, Inc. to the 2023 Best Workplaces in Financial Services and Insurance List.

Brown & Brown, Inc. is named one of the Best Workplaces in Financial Services & Insurance by Great Place to Work® and Fortune

DAYTONA BEACH, Fla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) has announced the promotion of Mike Bruce to chief executive officer of Brown & Brown Europe. Mike was formerly the chief executive officer of Global Risk Partners (GRP), which was acquired by Brown & Brown in July 2022. In his new role, Mike will lead Brown & Brown's overall European strategy.

Brown & Brown promotes Mike Bruce to chief executive officer of Brown & Brown Europe; enhances collaboration of European operations

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

Why Is Brown & Brown (BRO) Down 1.1% Since Last Earnings Report?

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New businesses, better customer retention, premium-rate increases across the majority of business lines, strategic acquisitions and a strong financial position continue to drive Brown & Brown (BRO).

Brown & Brown (BRO) Rises 25% YTD: Will the Bull Run Continue?

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DAYTONA BEACH, Fla., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) will host an Investor Day on Thursday, September 14, 2023, at Brown & Brown's Beach Street Campus in Daytona Beach, Florida. The event will feature presentations and a question-and-answer session with 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, and other members of the Company's senior leadership team. The event is scheduled to begin at 8:00 a.m. EDT and will continue until approximately 12:30 p.m. EDT.

Brown & Brown, Inc. to host Investor Day

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Although the revenue and EPS for Brown & Brown (BRO) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Brown & Brown (BRO) Q2 Earnings: A Look at Key Metrics

Brown & Brown (BRO) Q2 results reflect improved organic growth and higher net investment income, partly offset by higher expenses.

Brown & Brown's (BRO) Q2 Earnings & Revenues Top Estimates

Brown & Brown, Inc. (NYSE:BRO ) Q2 2023 Earnings Conference Call July 25, 2023 8:00 AM ET Company Participants Powell Brown - President & Chief Executive Officer Andy Watts - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Weston Bloomer - UBS Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James Robert Cox - Goldman Sachs Mark Hughes - Truist Securities Elyse Greenspan - Wells Fargo Michael Ward - Citigroup Yaron Kinar - Jefferies Meyer Shields - Keefe, Bruyette & Woods Operator Good morning and welcome to the Brown & Brown Incorporated Second Quarter Earnings Call. At this time, all participants are in a listen-only mode.

Brown & Brown, Inc. (BRO) Q2 2023 Earnings Call Transcript

Brown & Brown (BRO) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.51 per share a year ago.

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

DAYTONA BEACH, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2023.

Brown & Brown, Inc. announces second quarter 2023 results, including total revenues of $1,047.3 million, an increase of 24.7%; Organic Revenue growth of 11.2%; diluted net income per share of $0.67; and Diluted Net Income Per Share - Adjusted of $0.68

DAYTONA BEACH, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Ralf H. “Goober” Schaarschmidt II and Todd Wood, the owners of New England Excess Exchange (“NEEE”), today announced that Bridge Specialty Group has entered into an agreement to acquire the assets of NEEE. The transaction is expected to close in August 2023, subject to certain closing conditions.

Brown & Brown, Inc. enters into agreement to acquire New England Excess Exchange

Brown & Brown (BRO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Brown & Brown (BRO) Ahead of Earnings?

New businesses, better customer retention, premium-rate increases across the majority of business lines, strategic acquisitions and a strong financial position poise Brown & Brown (BRO) for growth.

Why You Should Consider Buying Brown & Brown (BRO) Stock

News for Brown & Brown Stock (BRO)