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., Nov. 08, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Donald (Don) J. Ellis, owner of Finance Builders Inc. (“Finance Builders”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of Finance Builders.

Brown & Brown, Inc. announces the acquisition of Finance Builders Inc. by Brown & Brown Dealer Services

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October saw 17 dividend growth companies boost their dividend payouts, including well-known companies like McDonald's and AbbVie. Including McDonald's, double-digit boosts came from Brown & Brown and Lincoln Electric.

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The leading insurance broker posted earnings that missed analystsʻ projections

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Brown & Brown, Inc. (NYSE:BRO ) Q3 2022 Earnings Conference Call October 25, 2022 8:00 AM ET Company Participants Powell Brown - President & CEO Andy Watts - EVP & CFO Conference Call Participants Michael Phillips - Morgan Stanley Greg Peters - Raymond James Robert Cox - Goldman Sachs Elyse Greenspan - Wells Fargo Mike Zaremski - Wolfe Research Weston Bloomer - UBS Meyer Shields - KBW Mark Hughes - Truist Yaron Kinar - Jefferies Operator Good morning, and welcome to the Brown & Brown, Inc. Third Quarter Earnings Call. Today's call is being recorded, and for the duration of the call, your lines will be on listen-only.

Brown & Brown, Inc. (BRO) Q3 2022 Earnings Call Transcript

Brown & Brown's (BRO) Q3 results reflect higher investment income and improved organic growth, partly offset by higher expenses.

Brown & Brown (BRO) Q3 Earnings Miss, Revenues Rise Y/Y

Brown & Brown (BRO) delivered earnings and revenue surprises of -16.67% and 1.99%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Brown & Brown (BRO) Lags Q3 Earnings and Revenue Estimates

DAYTONA BEACH, Fla., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2022.

Brown & Brown, Inc. announces quarterly revenues of $927.6 million, an increase of 20.4%, diluted net income per share of $0.57 and Diluted Net Income Per Share - Adjusted of $0.50

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Prosperity Bancshares, Inc. (PB), Brown & Brown, Inc. (BRO), SL Green Realty Corp. (SLG) and S&T Bancorp, Inc. (STBA) recently hiked dividends.

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DAYTONA BEACH, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.1150 per share. The dividend is payable on November 16, 2022, to shareholders of record on November 2, 2022. The dividend represents a 12.2% increase from the previous regular quarterly cash dividend of $0.1025 per share and is the twenty-ninth consecutive annual dividend increase for the Company.

Brown & Brown, Inc. announces 12.2% increase in quarterly cash dividend rate

DAYTONA BEACH, Fla., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2022 third-quarter earnings on Monday, October 24, 2022, after the close of the market. On Tuesday, October 25, 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 third-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 third-quarter earnings release and conference call dates

VERO BEACH, Fla.--(BUSINESS WIRE)-- #TheFirstChoice--Orchid Underwriters Agency, LLC (“Orchid Insurance”), among the largest independent managing general underwriters, has promoted Onkar Kumar to be its chief digital and information officer. Kumar will use his 24 years of experience developing innovative IT solutions to oversee all aspects of technology, digital experience, product delivery, data analytics, and cybersecurity and technology operations at Orchid. “We are thrilled to have Onkar on Orchid's team,” s

Orchid Insurance promotes Onkar Kumar to chief digital and information officer

Brown & Brown (BRO) is well poised for growth given its new businesses, better customer retention, premium rate increases and solid capital position.

Brown & Brown (BRO) Banks on Strategic Buyouts Amid Cost Woes

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Brown & Brown's (BRO) buyout of Smithwick & Mariners will boost the acquirer's capabilities to serve the marine industry while Smithwick & Mariners will be able to leverage BRO's compelling portfolio.

Brown & Brown (BRO) Expands Global Presence With Buyout

DAYTONA BEACH, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Scott Smithwick and Chris Smithwick, today announced that Brown & Brown of Massachusetts, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman & Chapman Insurance (collectively, Smithwick & Mariners).

Brown & Brown, Inc. announces the asset acquisition of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman & Chapman Insurance

DAYTONA BEACH, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kahlil Hogan, Thomas Mathew, Richard Mathews, William Novak, David N. Schwimmer and Brian Walsh, the shareholders of VistaNational Insurance Group (VistaNational), today announced that Brown & Brown of Illinois, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of VistaNational.

Brown & Brown, Inc. announces the asset acquisition of VistaNational Insurance Group, Inc.

SAN DIEGO--(BUSINESS WIRE)-- #TheFirstChoice--Kathy Cody has been named chief executive officer of Orchid Underwriters Agency, and Ross Bowie has been named its president and chief underwriting officer. In addition, Steven Carlsen will transfer his current responsibilities to Kathy and Ross and take on a new role as an executive vice president in National Programs. Orchid Underwriters was acquired by National Programs, a Brown & Brown Company, earlier in 2022 to round out the segment's personal lines coastal

National Programs Announces Promotions at Orchid Underwriters

Strong performing segments, strategic buyouts to capitalize on growing markets opportunities, sturdy financial standing and effective capital deployment continue to drive Brown & Brown (BRO).

Brown & Brown (BRO) Gains 12% in a Year: More Upside Left?

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Brown & Brown (BRO) Up 5.5% Since Last Earnings Report: Can It Continue?

DAYTONA BEACH, Fla., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of the general insurance operating companies of BdB Limited.

Brown & Brown, Inc. completes the acquisition of BdB Limited companies

Brown & Brown, Inc. (NYSE:BRO ) Q2 2022 Earnings Conference Call July 26, 2022 8:00 AM ET Company Participants Powell Brown - President & Chief Executive Officer Andy Watts - Executive Vice President & Chief Financial Officer Conference Call Participants Greg Peters - Raymond James Weston Bloomer - UBS Michael Phillips - Morgan Stanley Elyse Greenspan - Wells Fargo Mark Hughes - Truist Robert Cox - Goldman Sachs Yaron Kinar - Jefferies Meyer Shields - KBW Operator Please standby, we are about to begin. Good morning, and welcome to the Brown & Brown, Inc. Second Quarter Earnings Call.

Brown & Brown, Inc. (BRO) CEO Powell Brown on Q2 2022 Results - Earnings Call Transcript

Brown & Brown's (BRO) Q2 results reflect improved organic growth and higher commissions and fees, partly offset by higher expenses.

Brown & Brown's (BRO) Q2 Earnings, Revenues Top, Rise Y/Y

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

Brown & Brown, Inc. announces quarterly revenues of $839.7 million, an increase of 15.5%, diluted net income per share of $0.51 and Diluted Net Income Per Share - Adjusted of $0.51

News for Brown & Brown Stock (BRO)