Brown & Brown, Inc. (Brown & Brown Insurance or B&B) is a provider of insurance and reinsurance products and services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. The Company's business is divided into four reportable segments: the Retail Segment; the National Programs Segment; the Wholesale Brokerage Segment; and 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, 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.
Type | Public | |
Founded | 1939 | |
HQ | Daytona Beach, US | Map |
Website | bbinsurance.com | |
Employee Ratings | More |
USD | |
---|---|
Revenue (Q3, 2018) | 530.9m |
Net income (Q3, 2018) | 106.1m |
Market capitalization (12-Feb-2019) | 8.0b |
Closing stock price (12-Feb-2019) | 28.5 |
Cash (30-Sep-2018) | 423.0m |
EV | 7.6b |
USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 359.3m | 363.6m | 397.8m | 421.4m | 404.3m | 419.4m | 432.2m | 424.2m | 446.5m | 462.3m | 465.1m | 466.3m | 475.6m | 501.5m | 473.2m | 530.9m |
Sales and marketing expense | 180.5m | 184.1m | 196.4m | 203.1m | 205.3m | 211.5m | 211.3m | 224.1m | 231.1m | 237.7m | 245.9m | 244.5m | 246.1m | 270.9m | 252.0m | 268.0m |
Operating expense total | 263.9m | 276.8m | 296.0m | 308.7m | 310.5m | 318.5m | 319.3m | 321.6m | 337.4m | 345.3m | 354.1m | 358.3m | 351.2m | 383.0m | 372.3m | 388.4m |
Depreciation and amortization | 22.3m | 22.5m | 25.9m | 27.4m | 26.9m | 27.4m | 26.9m | 27.0m | 27.0m | 27.7m | 27.0m | 26.9m | 26.1m | 26.4m | 26.9m |
USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 171.0m | 250.0m | 309.1m | 382.1m | 340.7m | 412.6m | 448.8m | 401.8m | 453.9m | 488.7m | 546.7m | 600.3m | 546.5m | 558.2m | 477.9m | 423.0m |
Current Assets | 843.7m | 964.4m | 1.5b | 1.5b | 1.4b | 1.5b | 1.5b | 1.5b | 1.6b | 2.0b | 1.7b | 1.8b | 3.9b | 2.1b | 2.0b | 2.0b |
PP&E | 74.5m | 74.6m | 86.4m | 88.2m | 82.8m | 81.3m | 80.9m | 80.5m | 77.8m | 72.6m | 72.7m | 71.3m | 81.1m | 85.2m | 89.8m | |
Goodwill | 2.0b | 2.0b | 2.5b | 2.5b | 2.5b | 2.6b | 2.6b | 2.6b | 2.7b | 2.7b | 2.7b | 2.7b | 2.7b | 2.7b | 2.8b | 2.9b |
USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 169.9m | 52.4m | 114.2m | 182.5m | 57.0m | 118.0m | 185.4m | 62.1m | 128.3m | 199.9m | 70.1m | 136.2m | 75.9m | 90.8m | 73.9m | 270.8m |
Depreciation and Amortization | 63.0m | 22.5m | 48.4m | 75.8m | 5.2m | 53.7m | 81.0m | 26.9m | 53.9m | 80.9m | 27.7m | 54.7m | 26.9m | 26.1m | 26.4m | 79.4m |
Accounts Payable | 58.9m | 56.9m | 77.9m | 91.6m | 53.9m | 104.8m | ||||||||||
Cash From Operating Activities | 309.9m | 67.1m | 177.6m | 285.4m | 227.4m | 290.6m | 31.9m | 190.8m | 270.6m | 90.0m | 270.1m | 79.5m | 277.4m | 355.5m |
USD | Y, 2018 |
---|---|
EV/CFO | 21.3 x |
Financial Leverage | 2 x |
Brown & Brown revenue breakdown by business segment: 8.9% from Services, 13.8% from Wholesale Brokerage, 25.4% from National Programs, 51.9% from Retail and 0.1% from Other
When was Brown & Brown founded?
Brown & Brown was founded in 1939.
How many employees does Brown & Brown have?
Brown & Brown has 1,990 employees.
What is Brown & Brown revenue?
Latest Brown & Brown annual revenue is $1.9 b.
What is Brown & Brown revenue per employee?
Latest Brown & Brown revenue per employee is $945.4 k.
Who are Brown & Brown competitors?
Competitors of Brown & Brown include Arthur J Gallagher, Lockton and White Oak Underwriting Agency.
Where is Brown & Brown headquarters?
Brown & Brown headquarters is located at 220 S Ridgewood Ave, Daytona Beach.
Where are Brown & Brown offices?
Brown & Brown has an office in Daytona Beach.
How many offices does Brown & Brown have?
Brown & Brown has 1 office.