Brown and Brown Inc (BRO) |
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Price: $85.0100
$0.07
0.082%
|
Day's High:
| $85.4899
| Week Perf:
| -1.04 %
|
Day's Low: |
$ 84.91 |
30 Day Perf: |
2.76 % |
Volume (M): |
849 |
52 Wk High: |
$ 86.53 |
Volume (M$): |
$ 72,207 |
52 Wk Avg: |
$70.56 |
Open: |
$84.91 |
52 Wk Low: |
$53.63 |
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Market Capitalization (Millions $) |
24,118 |
Shares
Outstanding (Millions) |
284 |
Employees |
12,023 |
Revenues (TTM) (Millions $) |
4,132 |
Net Income (TTM) (Millions $) |
747 |
Cash Flow (TTM) (Millions $) |
420 |
Capital Exp. (TTM) (Millions $) |
59 |
Brown And Brown Inc
Brown & Brown is a diversified insurance agency, wholesale brokerage, insurance
programs and service organization with origins dating from 1939 and is headquartered
in Daytona Beach, Florida. We market and sell to our customers insurance products
and services, primarily in the property, casualty and employee benefits areas.
We provide our customers with quality, non-investment insurance contracts, as
well as other targeted, customized risk management products and services. As
an agent and broker, we do not assume underwriting risks with the exception
of the activity in The Wright Insurance Group, LLC (“Wright”), which
was acquired in May 2014. Within Wright, we operate a write-your-own flood insurance
carrier, Wright National Flood Insurance Company (“WNFIC”), which
is a Wright subsidiary. WNFIC’s entire business consists of policies written
pursuant to the National Flood Insurance Program (“NFIP”), the program
administered by the Federal Emergency Management Agency (“FEMA”)
and excess flood insurance policies which are fully reinsured, thereby substantially
eliminating WNFIC’s exposure to underwriting risk, as these policies are
backed by either FEMA or a reinsurance carrier with an AM Best Company rating
of “A” or better.
The Company is compensated for our services primarily by commissions paid by
insurance companies and to a lesser extent, by fees paid directly by customers
for certain services. Commission revenues are usually a percentage of the premium
paid by the insured and generally depend upon the type of insurance, the particular
insurance company and the nature of the services provided by us. In some limited
cases, we share commissions with other agents or brokers who have acted jointly
with us in a transaction. We may also receive from an insurance company, a “profit-sharing
contingent commission,” which is a profit-sharing commission based primarily
on underwriting results, but may also contain considerations for volume, growth
and/or retention. Fee revenues are generated primarily by: (1) our Services
Segment, which 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 other claims adjusting services, (2) our National Programs
and Wholesale Brokerage Segments, which earn fees primarily for the issuing
of insurance policies on behalf of insurance carriers, and (3) our Retail Segment
for fees received in lieu of commissions. The amount of our revenues from commissions
and fees is a function of, among other factors, continued new business production,
retention of existing customers, acquisitions and fluctuations in insurance
premium rates and “insurable exposure units,” which are units that
insurance companies use to measure or express insurance exposed to risk (such
as property values, sales and payroll levels) to determine what premium to charge
the insured. Insurance companies establish these premium rates based upon many
factors, including loss experience, risk profile and reinsurance rates paid
by such insurance companies, none of which we control.
Premium pricing within the property and casualty insurance underwriting (risk-bearing)
industry has historically been cyclical in nature, and has varied widely based
on market conditions with a “hard” market in which premium rates
are stable or increasing or a “soft” market, characterized by stable
or declining premium rates in many lines and geographic areas. Premium pricing
is influenced by many factors including loss experience, interest rates and
the availability of capital being deployed into the market in search of returns.
Our business is divided into four reportable segments: (1) the Retail Segment;
(2) the National Programs Segment; (3) the Wholesale Brokerage Segment; and
(4) the Services Segment. The Retail Segment provides a broad range of insurance
products and services to commercial, public and quasi-public entities, and to
professional and individual customers. The National Programs Segment, which
acts as a managing general agent (“MGA”), 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, all of which are delivered through nationwide networks of
independent agents, including Brown & Brown retail agents. The Wholesale
Brokerage Segment markets and sells excess and surplus commercial and personal
lines insurance, primarily through independent agents and brokers, as well as
Brown & Brown 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.
Company Address: 300 North Beach Street Daytona Beach 32114 FL
Company Phone Number: 252-9601 Stock Exchange / Ticker: NYSE BRO
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Customers Net Income fell by |
BRO's Customers Net Profit Margin fell to |
-10.03 % |
6.23 %
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Stock Performances by Major Competitors |
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Merger and Acquisition
Published Wed, Mar 13 2024 10:45 AM UTC
Breaking News: Brown & Brown Dealer Services Acquires DealerMax, Expanding Business Portfolio DAYTONA BEACH, Fla., March 13, 2024 - Brown & Brown, Inc. (NYSE: BRO), a leading insurance and risk management solutions provider, today announced the acquisition of DealerMax's assets. J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, along with Jim Maxim, Jr. and Ji...
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Merger and Acquisition
Published Wed, Mar 6 2024 11:50 AM UTC
Breaking News - DAYTONA BEACH, Fla., March 06, 2024 J. Scott Penny, the chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Hunter Hill, the founder of Hillco Insurance, made a historic announcement today. Brown & Brown, a prominent player in the Insurance Brokerage industry with a share price of $84.97, has successfully acquired the assets of Hillco.<...
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Dividend
Published Wed, Jan 17 2024 10:00 PM UTC
In an exciting development for shareholders, Brown & Brown, Inc. (NYSE: BRO), a leading insurance brokerage firm, has recently declared a regular quarterly cash dividend of $0.13 per share. The dividend will be payable on February 14, 2024, to shareholders of record on February 2, 2024. This announcement reflects the company's commitment to maintaining a solid fina...
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Merger and Acquisition
Published Fri, Dec 8 2023 11:30 AM UTC
Brown & Brown, Inc. Expands Its Reach in the Insurance Brokerage Sector with Acquisition of ABS Daytona Beach, Fla., Dec. 08, 2023 - In a strategic move to strengthen its position in the insurance brokerage industry, Brown & Brown, Inc. (NYSE: BRO) announced today that its subsidiary, Brown & Brown Dealer Services, has successfully completed the acquisition of ABS Risk, ...
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Brown And Brown Inc
Brown and Brown Inc, a leading insurance brokerage company, has posted impressive financial results in the third quarter of the 2023 earnings season. The company reported a double-digit revenue advance of 15.103% to $1.07 billion, surpassing its sector peers who only achieved a 12.44% increase during the same period. Although the income advance was more modest at 8.77% to $0.62 per share, it still reflects the company's strong financial performance. Comparing these figures to the previous reporting period, earnings per share deteriorated slightly by -7.46% from $0.67 per share, while revenue grew by 1.948% from $1.05 billion. Net income also witnessed growth, with a 9.19% increase to $175.9 million in the third quarter of 2023, compared to $161.1 million reported in the same period last year. This demonstrates Brown and Brown Inc's ability to consistently generate higher profits. The company's strategic focus on improving sales in the third quarter of the 2023 earnings season led to a net margin easing to 16.47%. However, operating earnings experienced a significant rise of 20.3% to $497.8 million. This indicates the company's success in managing its operational costs while still achieving substantial growth.
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Per Share |
Current |
Earnings (TTM) |
2.64 $ |
Revenues (TTM) |
14.57 $
|
Cash Flow (TTM) |
1.48 $ |
Cash |
2.71 $
|
Book Value |
18.32 $
|
Dividend (TTM) |
0.46 $ |
|
Per Share |
|
Earnings (TTM) |
2.64 $
|
Revenues (TTM) |
14.57 $ |
Cash Flow (TTM) |
1.48 $ |
Cash |
2.71 $
|
Book Value |
18.32 $ |
Dividend (TTM) |
0.46 $ |
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