Brown & Brown Inc (Brown & Brown) is a provider of insurance-based solutions, which serves public entities, corporate, institutional, trade, association, professional, and individual customers. The company offerings comprise a wide range of insurance products, such as insurance for property & casualty, employers benefits, general liability, social security disability, automobile, cyber, workers' compensation umbrella, recreational vehicle, marine, homeowners and health care professional liability and medical malpractice. Brown & Brown also offers comprehensive claims and third-party administration services and medicare set-aside and social security services. The company operates in Canada, Ireland, Bermuda, the UK and the Cayman Islands. Brown & Brown is headquartered in Daytona Beach, Florida, the US.
Headquarters
United States of America
Address
300 N. Beach Street, Daytona Beach, Florida, 32114
Website
www.bbinsurance.com
Telephone
1 386 2529601
No of Employees
12,023
Industry
Financial Services
Ticker Symbol & Exchange
BRO (NYSE)
Revenue (2022)
$3.1B
16.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
22.2%
(2022 vs 2021)
Market Cap*
$16.2B
Net Profit Margin (2022)
XYZ
4.6%
(2022 vs 2021)
* As of and is in US$
Brown & Brown Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Business Solutions: | Claims and Third-Party Administration |
| Employee Benefits | Medicare Set-Aside and Social Security |
| Property & Casualty | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In January, Brown & Brown Absence Services Group entered into a partnership with EXL to develop an end-to-end claims management service. |
| 2022 | Asset Purchase | In November, Brown & Brown Dealer Services acquired substantially all of the assets of Finance Builders. |
| 2022 | Acquisitions/Mergers/Takeovers | In September, the company's Massachusetts unit acquired Smithwick & Mariners. |
Competitor Comparison
| Key Parameters | Brown & Brown Inc | Marsh & McLennan Companies Inc | Aon Plc | Willis Towers Watson PLC | Arthur J. Gallagher & Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Ireland | United Kingdom | United States of America |
| City | Daytona Beach | New York | Dublin | London | Rolling Meadows |
| State/Province | Florida | New York | - | England | Illinois |
| No. of Employees | 12,023 | 83,000 | 50,000 | 44,000 | 39,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| J. Hyatt Brown | Chairman | Executive Board | 1993 | 85 |
| J. Powell Brown | Director; Chief Executive Officer; President | Executive Board | 2009 | 54 |
| R. Andrew Watts | Treasurer; Executive Vice President; Chief Financial Officer | Senior Management | 2014 | 53 |
| K. Gray Nester II | Executive Vice President; Chief Information Officer | Senior Management | 2021 | 46 |
| Kiet Tran | Chief Technology Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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