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 Ratings3.6
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)10,083(+6%)
Job Openings553
Revenue (FY, 2020)$2.6 B(+10%)
Share Price (Jul 2021)$54.1(-1%)
Cybersecurity ratingBMore

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
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Brown & Brown Office Locations

Brown & Brown has an office in Daytona Beach
Daytona Beach, FL, US (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 $2.61 b in FY, 2020
USD

Revenue (FY, 2020)

2.6b

Net income (FY, 2020)

480.5m

Market capitalization (28-Jul-2021)

15.2b

Closing stock price (28-Jul-2021)

54.1

Cash (31-Dec-2020)

817.4m

EV

16.7b
Brown & Brown's current market capitalization is $15.2 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
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Brown & Brown Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

232236237

Partners

404040

Programs

405050
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Brown & Brown Revenue Breakdown

Embed Graph

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

Brown & Brown Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

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+

    87/100

  • CEO Rating

    A+

    91/100

  • Compensation

    A

    80/100

  • Diversity

    A+

    93/100

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Brown & Brown News and Updates

Brown & Brown, Inc. Announces Quarterly Revenues of $727.3 Million, an Increase of 21.5%, and Diluted Net Income Per Share of $0.49

DAYTONA BEACH, Fla., July 26, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2021.

Brown & Brown, Inc. Announces 2021 Second-Quarter Earnings Release and Conference Call Dates

DAYTONA BEACH, Fla., June 30, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that it will release its 2021 second-quarter earnings on Monday, July 26, 2021, after the close of the market.   On Tuesday, July 27, 2021, J. Powell Brown, President and Chief Executive Officer, a…

Global Insurance Agencies Market Report 2021 Featuring McGriff Insurance Services, Marsh & McLennan Agency, Aon, Brown & Brown Insurance, and HUB International

Dublin, May 25, 2021 (GLOBE NEWSWIRE) -- The "Insurance Agencies Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. Major players in the insurance agencies market are McGriff Insurance Services, Marsh & McLennan Agency L…

Brown & Brown, Inc. Announces the Asset Acquisition of Piper Jordan

DAYTONA BEACH, Fla., May 17, 2021 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Robyn Piper and Jay Jordan, the principals of Piper Jordan, today announced that Brown & Brown has acquired substantially all of the assets of Piper Jorda…

Brown & Brown, Inc. Announces 2021 First-Quarter Earnings Release and Conference Call Dates

DAYTONA BEACH, Fla., March 31, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announces that it will release its 2021 first-quarter earnings on Monday, April 26, 2021, after the close of the market. On Tuesday, April 27, 2021, J. Powell Brown, President and Chief Executive Officer, an…

Brown & Brown, Inc. Announces Promotion of Gray Nester

DAYTONA BEACH, Fla., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of Gray Nester as Chief Information Officer for Brown & Brown, effective immediately.
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Brown & Brown Blogs

Brown & Brown’s National Programs Launches New Brand Identity

National Programs, a division of Brown & Brown, today introduced its new brand identity, reflecting a growing collaboration of entrepreneurial program administrators and MGAs. The post Brown & Brown’s National Programs Launches New Brand Identity appeared first on Brown & Brown Insuranc…

July Coffee & Compliance Podcast

This month's Coffee and Compliance podcast focuses on the Affordable Care Act & compliance considerations around high cost claimants The post July Coffee & Compliance Podcast appeared first on Brown & Brown Insurance.

Brown & Brown Commercial Insurance Market Trends Report Now Available

The third quarter of 2021 continues to bring challenges for many, but not all, insureds. Topics covered in this quarter's Market Trends report include.... The post Brown & Brown Commercial Insurance Market Trends Report Now Available appeared first on Brown & Brown Insurance.

Watch Now: Total Rewards Webinar – The Evolving Employee Experience

Watch as our team discusses reviewing your Total Rewards offerings to ensure they are delivering on your expectations and supporting your employee engagement and turnover goals. The post Watch Now: Total Rewards Webinar – The Evolving Employee Experience appeared first on Brown & Brown Insurance…

Cannabis White Paper: Smoke Between the Hudson & the Delaware

On February 22, 2021 the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (NJCREAMMA) legalized cannabis for people 21 and older in New Jersey. The post Cannabis White Paper: Smoke Between the Hudson & the Delaware appeared first on Brown & Brown Insu…

August Compliance Webinar – ERISA: Fiduciary Obligations from MLR Rebates to Following the Terms of the Plan

Join our Research and Compliance team as they break down the key administrative challenges and compliance obligations for ERISA fiduciaries The post August Compliance Webinar – ERISA: Fiduciary Obligations from MLR Rebates to Following the Terms of the Plan appeared first on Brown & Brown Insur…
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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 Xceedance.

  • 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.