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Brown & Brown

Stock Price

$73.3

2023-09-18

Market Capitalization

$20.8 B

2023-09-18

Revenue

$3.6 B

FY, 2022

Brown & Brown Summary

Company Summary

Overview
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
Status
Active
Founded
1939
HQ
Daytona Beach, FL, US | view all locations
Website
http://www.bbinsurance.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • J. Powell Brown

    J. Powell Brown, Chief Executive Officer

  • R. Andrew Watts

    R. Andrew Watts, Executive Vice President and Chief Financial Officer

  • J. Scott Penny

    J. Scott Penny, CAO and EVP of Brown & Brown Insurance

  • Steve M. Boyd

    Steve M. Boyd, President- Wholesale Division

Operating MetricsView all

Locations

237

FY, 2016

Programs

50

FY, 2016

Partners

40

FY, 2016

LocationsView all

2 locations detected

  • Daytona Beach, FL HQ

    United States

    220 S Ridgewood Ave

  • Daytona Beach, FL

    United States

    300 N Beach St

Brown & Brown Financials

Summary Financials

Revenue (Q2, 2023)
$1.0B
Net income (Q2, 2023)
$190.4M
Cash (Q2, 2023)
$627.9M
Enterprise value
$24.1B

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