Brown & Brown

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.

Company Growth (employees)
Type
Public
HQ
Daytona Beach, US
Founded
1939
Size (employees)
8,297 (est)
Brown & Brown was founded in 1939 and is headquartered in Daytona Beach, US

Brown & Brown Office Locations

Brown & Brown has an office in Daytona Beach
Daytona Beach, US (HQ)
220 S Ridgewood Ave

Brown & Brown Financials and Metrics

Brown & Brown Financials

Brown & Brown's revenue was reported to be $1.8 b in FY, 2016
USD

Revenue (Q3, 2017)

475.6 m

Net income (Q3, 2017)

75.9 m

Market capitalization (13-Nov-2017)

6.7 b

Cash (30-Sep-2017)

546.5 m

EV

6.3 b
Brown & Brown's current market capitalization is $6.7 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.7 b1.8 b

Revenue growth, %

16%5%6%

Sales and marketing expense

925.2 m

Operating expense total

925.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

359.3 m363.6 m397.8 m421.4 m404.3 m419.4 m432.2 m424.2 m446.5 m462.3 m465.1 m466.3 m475.6 m

Sales and marketing expense

180.5 m184.1 m196.4 m203.1 m205.3 m211.5 m211.3 m224.1 m231.1 m237.7 m245.9 m244.5 m246.1 m

Operating expense total

263.9 m276.8 m296 m308.7 m310.5 m318.5 m319.3 m321.6 m337.4 m345.3 m354.1 m358.3 m351.2 m

Interest expense

4.1 m4.1 m7 m7.3 m9.9 m9.7 m9.9 m9.9 m9.8 m9.9 m9.7 m9.9 m9.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

203 m470 m443.4 m515.6 m

Current Assets

928 m1.6 b1.5 b1.8 b

Goodwill

2 b2.5 b2.6 b2.7 b

Total Assets

3.6 b5 b5 b5.3 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

171 m250 m309.1 m382.1 m340.7 m412.6 m448.8 m401.8 m453.9 m488.7 m546.7 m600.3 m546.5 m

Current Assets

843.7 m964.4 m1.5 b1.5 b1.4 b1.5 b1.5 b1.5 b1.6 b2 b1.7 b1.8 b3.9 b

Goodwill

2 b2 b2.5 b2.5 b2.5 b2.6 b2.6 b2.6 b2.7 b2.7 b2.7 b2.7 b2.7 b

Total Assets

3.6 b3.7 b4.9 b4.9 b4.8 b5 b5 b5 b5.2 b5.5 b5.2 b5.3 b7.4 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

217.1 m206.9 m243.3 m257.5 m

Depreciation and Amortization

17.5 m20.9 m108.3 m107.7 m

Accounts Payable

63.9 m69.6 m

Cash From Operating Activities

389.4 m385 m(26.6 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

57.7 m52.4 m61.8 m68.3 m57 m61 m67.4 m62.1 m66.3 m71.5 m70.1 m

Depreciation and Amortization

4.5 m4.6 m5.2 m5.5 m5.2 m26.9 m27.4 m26.9 m27 m27 m27.7 m

Accounts Payable

58.9 m56.9 m77.9 m91.6 m53.9 m104.8 m

Interest Paid

4.1 m4.1 m7 m7.3 m9.9 m
Y, 2017

Financial Leverage

3 x
Show all financial metrics

Brown & Brown Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

232236237

Programs

405050

Partners

404040
Show all operating metrics

Brown & Brown Market Value History

Brown & Brown Revenue Breakdown

Brown & Brown's Web-traffic and Trends

Brown & Brown Company Life and Culture

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