Brown & Brown, Inc. (N:BRO)
Business Focus: Insurance Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 N. Beach Street DAYTONA BEACH FL 32114 |
| Tel: | N/A |
| Website: | https://www.bbinsurance.com |
| IR: | See website |
| Key People | ||
| J. Hyatt Brown Chairman of the Board | J. Powell Brown President, Chief Executive Officer, Director | R. Andrew Watts Chief Financial Officer, Executive Vice President, Treasurer |
| Julie L. Turpin Executive Vice President, Chief People Officer | K. Gray Nester Executive Vice President, Chief Information Officer | Stephen M. Boyd Executive Vice President, President - Wholesale Brokerage Segment |
| P. Barrett Brown Executive Vice President, President - Retail Segment | Jerome Scott Penny Executive Vice President, Chief Acquisitions Officer | Chris L. Walker Executive Vice President, President - National Programs Segment |
| Business Overview |
| Brown & Brown, Inc. is an insurance brokerage company engaged in delivering risk management solutions to individuals and businesses. The Company markets and sells insurance products and services, primarily in the property, casualty, and employee benefits areas. Its segments include Retail, National Programs, Wholesale Brokerage and Services. The Retail segment provides a broad range of insurance products and services to commercial, public and quasi-public, professional and individual insured customers, and non-insurance services and products through its automobile dealer services F&I businesses. The National Programs segment, which acts as a managing general agent, provides professional liability and related package products for certain professionals. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance. The Services segment provides insurance-related services, including third-party claims administration and adjusting services. |
| Financial Overview |
| For the three months ended 31 March 2024, Brown & Brown, Inc. revenues increased 13% to $1.26B. Net income applicable to common stockholders increased 25% to $289M. Revenues reflect Retail segment increase of 13% to $807M, National Programs segment increase of 31% to $303M. Dividend per share increased from $0.12 to $0.13. Basic Earnings per Share excluding Extraordinary Items increased from $0.83 to $1.03. |
| Employees: | 16,152 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $26,728M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,399M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,502M as of Mar 31, 2024 |
| Net annual income (TTM): | $914.70M as of Mar 31, 2024 |
| Free cash flow (TTM): | $752.20M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,293M as of Mar 31, 2024 |
| Shares outstanding: | 285,000,000 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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