Brown & Brown

Brown & Brown is an independent insurance intermediary that through its licensed subsidiaries provides a variety of insurance products and services to corporate, public entity, institutional, trade, professional, association and individual clients.

Headquartered in Daytona Beach, Florida, offices are located across the United States, with products and services offered through four major business divisions.  We are listed on the NYSE as BRO.

Our corporate culture is built on vision, speed, agility and strength that allows us to thrive in the very competitive insurance environment. This unique culture has enabled us to quickly chase down new opportunities, adapt our products and services to best meet market demands, and satisfy our many and varied clients.

Our drive to be the best has made Brown & Brown one of the largest and most respected independent insurance intermediaries in the nation, with 75 years of continuous service. The Company is ranked as the sixth largest such organization in the United States and seventh in the World by Business Insurance magazine.

Brown & Brown is one of the selected companies that comprise the Standard & Poor’s Mid-Cap 400 Index. In September 2007 FORBES.COM ranked Brown & Brown #16 on its 2007 list of “The 100 Best Mid-Cap Stocks in America.” FORBES magazine ranked Brown & Brown at #48 on its 2005 list of “America’s Best Small Companies.” FORTUNE magazine ranked Brown & Brown at #69 on its 2004 list of “America’s 100 Fastest-Growing Companies.”

Starting in 2004, and continuing every year since, Brown & Brown has been designated as a Mergent’s Dividend Index Achiever. This distinct honor is based on a record of 10 or more consecutive years of dividend increases, which has been achieved by less than 3% of U.S. listed dividend-paying companies.

Type
Public
HQ
Daytona Beach, US
Founded
1939
Size (employees)
8,297 (est)+7%
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 Data and Metrics

Brown & Brown Financial Metrics

Brown & Brown's revenue was reported to be $1.8 b in FY, 2016 which is a 6% increase from the previous period.
USD

Revenue (FY, 2016)

1.8 b

Revenue growth (FY, 2015 - FY, 2016), %

6%

Net income (FY, 2016)

257.5 m

Market capitalization (21-Jul-2017)

6 b

Cash (31-Dec-2016)

515.6 m

EV

6.6 b
Brown & Brown's current market capitalization is $6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.4 b1.6 b1.7 b1.8 b

Revenue growth, %

16%5%6%

Sales and marketing expense

925.2 m

Operating expense total

1 b1.2 b1.3 b1.3 b

EBIT

357.6 m339.7 m402.6 m

EBIT margin, %

26%22%24%

Interest expense

39.2 m39.5 m

Pre tax profit

357.6 m339.7 m402.6 m423.5 m

Income tax expense

140.5 m132.9 m159.2 m166 m

Net Income

217.1 m206.9 m243.3 m257.5 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

Accounts Payable

34.2 m57.3 m63.9 m69.6 m

Total Debt

480 m1.2 b1.2 b1.1 b

Current Liabilities

906.9 m1.3 b1.3 b1.4 b

Additional Paid-in Capital

372 m406 m426.5 m468.4 m

Retained Earnings

1.6 b1.8 b1.9 b2.1 b

Total Equity

2 b2.1 b2.1 b2.4 b

Debt to Equity Ratio

0.2 x0.6 x0.5 x0.5 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x0.2 x

Financial Leverage

1.8 x2.3 x2.3 x2.2 x
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)

Cash From Investing Activities

(380.6 m)(707.3 m)

Long-term Borrowings

(31.9 m)(475 m)

Dividends Paid

(53.5 m)(59.3 m)

Cash From Financing Activities

(25.6 m)589.4 m
USDY, 2016

Revenue/Employee

226.3 k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.2 x

Brown & Brown Market Value History

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