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.

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Employee Rating

3.4More
TypePublic
HQDaytona Beach, US
Founded1939
Size (employees)8,491 (est)+3%
Websitebbinsurance.com
Brown & Brown was founded in 1939 and is headquartered in Daytona Beach, US
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Brown & Brown Office Locations

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

Brown & Brown Revenue

Brown & Brown's revenue was reported to be $1.88 b in FY, 2017
USD

Revenue (Q3, 2018)

530.9m

Net income (Q3, 2018)

106.1m

Market capitalization (4-Dec-2018)

8.1b

Closing stock price (4-Dec-2018)

28.6

Cash (30-Sep-2018)

423.0m

EV

7.7b
Brown & Brown's current market capitalization is $8.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4b1.6b1.7b1.8b1.9b

Revenue growth, %

16%5%6%

Sales and marketing expense

683.0m841.4m925.2m994.7m

Operating expense total

1.0b1.3b1.3b1.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

359.3m363.6m397.8m421.4m404.3m419.4m432.2m424.2m446.5m462.3m465.1m466.3m475.6m501.5m473.2m530.9m

Sales and marketing expense

180.5m184.1m196.4m203.1m205.3m211.5m211.3m224.1m231.1m237.7m245.9m244.5m246.1m270.9m252.0m268.0m

Operating expense total

263.9m276.8m296.0m308.7m310.5m318.5m319.3m321.6m337.4m345.3m354.1m358.3m351.2m383.0m372.3m388.4m

Depreciation and amortization

22.3m22.5m25.9m27.4m26.9m27.4m26.9m27.0m27.0m27.7m27.0m26.9m26.1m26.4m26.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

203.0m470.0m443.4m515.6m573.4m

Accounts Receivable

Inventories

Current Assets

928.0m1.6b1.5b1.8b2.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

217.1m206.9m243.3m257.5m399.6m

Depreciation and Amortization

85.4m20.9m108.3m107.7m108.1m

Inventories

Accounts Payable

63.9m69.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

169.9m52.4m114.2m182.5m57.0m118.0m185.4m62.1m128.3m199.9m70.1m136.2m75.9m90.8m73.9m270.8m

Depreciation and Amortization

63.0m22.5m48.4m75.8m5.2m53.7m81.0m26.9m53.9m80.9m27.7m54.7m26.9m26.1m26.4m79.4m

Accounts Payable

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

Cash From Operating Activities

309.9m67.1m177.6m285.4m227.4m290.6m31.9m190.8m270.6m90.0m270.1m79.5m277.4m355.5m
USDY, 2018

EV/CFO

21.6 x

Financial Leverage

2 x
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Brown & Brown Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

232 236 237

Partners

40 40 40

Programs

40 50 50
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Brown & Brown Revenue Breakdown

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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

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Brown & Brown News and Updates

Brown & Brown, Inc. Completes Acquisition of Hays Companies

DAYTONA BEACH, Fla., Nov. 16, 2018 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Hays Companies (“Hays”) by Brown & Brown, Inc.

Brown & Brown, Inc. Announces the Asset Acquisition of Rodman Insurance Agency, Inc.

DAYTONA BEACH, Fla., Nov. 12, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Andrew (“Andy”) S. Altman, Jeffrey (“Jeff”) R. Grosser, James (“Jim”) N. Rodman, James (“Jim”) D. Stoller, and Evan M. Tobasky, the shareholders of Rodman In…

Brown & Brown, Inc. Announces Quarterly Revenues of $530.9 Million, an Increase of 11.6%; and Diluted Net Income Per Share of $0.38

DAYTONA BEACH, Fla., Oct. 22, 2018 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2018.

Brown & Brown, Inc. Enters Into Agreement to Acquire Hays Companies

DAYTONA BEACH, Fla., Oct. 22, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Jim Hays, on behalf of Hays Companies, today announced that Brown & Brown, Inc. (Brown & Brown) has entered into an agreement to acquire the assets o…

Brown & Brown, Inc. Announces the Asset Acquisition of FNI Management Group

DAYTONA BEACH, Fla., Oct. 08, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Howard Brinn and Mike Mitchell, the principals of FNI Management Group (“FNI”), today announced that Brown & Brown of Kentucky, Inc., a subsidiary of Bro…
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Brown & Brown Company Life and Culture

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Brown & Brown Frequently Asked Questions

  • When was Brown & Brown founded?

    Brown & Brown was founded in 1939.

  • How many employees does Brown & Brown have?

    Brown & Brown has 8,491 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 $221.6 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.