OverviewSuggest Edit

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.

TypePublic
Founded1939
HQDaytona Beach, FL, US
Websitebbinsurance.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)10,083(+6%)
Job Openings774
Revenue (FY, 2020)$2.6 B(+10%)
Share Price (May 2022)$57.9(+4%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Brown & Brown

J. Powell Brown

J. Powell Brown

President & Chief Executive Officer
R. Andrew Watts

R. Andrew Watts

Executive Vice President, Chief Financial Officer & Treasurer
J. Scott Penny

J. Scott Penny

Executive Vice President & Chief Acquisitions Officer
Robert W. Lloyd

Robert W. Lloyd

Executive Vice President, General Counsel & Secretary
H. Vaughn Stoll

H. Vaughn Stoll

Senior Vice President & Director of Acquisitions
J. Hyatt Brown

J. Hyatt Brown

Chairman
Show more

Brown & Brown Office Locations

Brown & Brown has an office in Daytona Beach
Daytona Beach, FL, US (HQ)
220 S Ridgewood Ave
Daytona Beach, FL, US
300 N Beach St
Show all (2)

Brown & Brown Financials and Metrics

Brown & Brown Revenue

Brown & Brown's revenue was reported to be $2.61 b in FY, 2020
USD

Revenue (FY, 2020)

2.6b

Net income (FY, 2020)

480.5m

Market capitalization (13-May-2022)

16.4b

Closing stock price (13-May-2022)

57.9

Cash (31-Dec-2020)

817.4m

EV

17.8b
Brown & Brown's current market capitalization is $16.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

973.5m1.0b1.2b1.4b1.6b1.7b1.8b1.9b2.0b2.4b2.6b

Revenue growth, %

16%5%6%

Operating expense total

135.9m144.1m174.4m195.7m251.1m262.9m283.5m332.1m377.1m366.0m

Depreciation and amortization

17.5m22.7m23.4m
USDQ2, 2010

Financial Leverage

1.6 x
Show all financial metrics

Brown & Brown Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

232236237

Partners

404040

Programs

405050
Show all operating metrics

Brown & Brown Revenue Breakdown

Embed Graph

Brown & Brown revenue breakdown by business segment: 25.4% from National Programs, 13.8% from Wholesale Brokerage, 51.9% from Retail, 8.9% from Services and 0.1% from Other

Brown & Brown Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Brown & Brown Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Brown & Brown Online and Social Media Presence

Embed Graph

Brown & Brown Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A

    79/100

  • Diversity

    A+

    93/100

Learn more on Comparably

Brown & Brown News and Updates

Brown & Brown, Inc. enters into agreement to acquire Patrick Quinlan Insurance

DAYTONA BEACH, Fla., April 29, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Patrick Quinlan, the owner of Patrick Quinlan Insurance (“Quinlan Insurance”), today announced that Brown & Brown, Inc. (“Brown & Brown”) has entere…

Brown & Brown, Inc. completes the acquisition of Orchid Underwriters Agency and CrossCover Insurance Services

DAYTONA BEACH, Fla., April 01, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Orchid Underwriters Agency and CrossCover Insurance Services.

Brown & Brown, Inc. enters into agreement to acquire Global Risk Partners Limited

DAYTONA BEACH, Fla., March 07, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), Searchlight and the management ownership team of Global Risk Partners Limited ("GRP"), today announced that the parties have entered into an agreement to acquir…

Brown & Brown, Inc. enters into agreement to acquire Orchid Underwriters Agency and CrossCover Insurance Services

DAYTONA BEACH, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and the ownership team of Orchid Underwriters Agency (“Orchid”) and CrossCover Insurance Services (“CrossCover”), today announced that Brown & Brown, Inc. (B…

Brown & Brown, Inc. enters into agreement to acquire BdB Limited companies

DAYTONA BEACH, Fla., Feb. 07, 2022 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and the management ownership team of the BdB Limited companies (“BdB”), today announced that Brown & Brown, Inc. (Brown & Brown) has entered into an agre…

Brown & Brown, Inc. added to S&P 500 Dividend Aristocrats Index

DAYTONA BEACH, Fla., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the S&P Dow Jones Indices has added the company to the S&P 500 Dividend Artistocrats Index before market open on February 1, 2022.  
Show more

Brown & Brown Blogs

ASSP Honors Bruce Lyon for Work on Safety Standards

The American Society of Safety Professionals (ASSP) has named Bruce K. Lyon, P.E., CSP, SMS, ARM, CHMM, the recipient of the 2022 Thomas F. Bresnahan Standards Medal for his extensive work in developing and advocating occupational safety and health standards. The post ASSP Honors Bruce Lyon for Work…

Brown & Brown, Inc. announces quarterly revenues of $904.7 million, an increase of 11.0%, diluted net income per share of $0.77, Diluted Net Income Per Share – Adjusted of $0.78 and a quarterly dividend of $0.1025 per share

DAYTONA BEACH, Fla., April 25, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2022. Revenues for the first quarter of 2022 under U.S. generally accepted accounting principles ("GAAP") were $904.7 Th…

Brown & Brown Absence Services Group appoints Kimberly Mashburn as vice president of market development

As the vice president of market development, Ms. Mashburn will be responsible for establishing and implementing our new business development strategies, including developing new market relationships The post Brown & Brown Absence Services Group appoints Kimberly Mashburn as vice president of mar…

Brown & Brown, Inc. announces 2022 first-quarter earnings release and conference call dates

DAYTONA BEACH, Fla., March 31, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2022 first-quarter earnings on Monday, April 25, 2022, after the close of the market. On Tuesday, April 26, 2022, J. Powell Brown, Brown & Brown’s president and chief executi…

Women’s History Month Spotlight, featuring Brown & Brown Chief People Officer, Julie Turpin

In recognition of Women's History Month, Brown & Brown, Inc. Chief People Officer Julie Turpin shares a personal technique she use that helps her show up for herself in life and ultimately for others. The post Women’s History Month Spotlight, featuring Brown & Brown Chief People Officer, Jul…

2021 Annual Report Now Available

We are proud to announce that our 2021 Annual Report is now available for viewing. Check out the full report The post 2021 Annual Report Now Available appeared first on Brown & Brown Insurance.
Show more

Brown & Brown Frequently Asked Questions

  • When was Brown & Brown founded?

    Brown & Brown was founded in 1939.

  • Who are Brown & Brown key executives?

    Brown & Brown's key executives are J. Powell Brown, R. Andrew Watts and J. Scott Penny.

  • How many employees does Brown & Brown have?

    Brown & Brown has 10,083 employees.

  • What is Brown & Brown revenue?

    Latest Brown & Brown annual revenue is $2.6 b.

  • What is Brown & Brown revenue per employee?

    Latest Brown & Brown revenue per employee is $259.2 k.

  • Who are Brown & Brown competitors?

    Competitors of Brown & Brown include Lockton, Gallagher and Everest Re Group.

  • 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 2 offices.