Stock BRO BROWN & BROWN, INC.
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Company Brown & Brown, Inc.

Equities

BRO

US1152361010

Multiline Insurance & Brokers

Real-time Estimate Cboe BZX
Other stock markets
 01:07:50 2024-04-25 pm EDT 		5-day change 1st Jan Change
82.18 USD +0.05% Intraday chart for Brown & Brown, Inc. +1.31% +15.58%
02:48pm Goldman Sachs Adjusts Price Target on Brown & Brown to $95 From $93 MT
Apr. 24 Wells Fargo Adjusts Price Target on Brown & Brown to $85 From $84 MT

Business Summary

Brown & Brown, Inc. is an insurance group organized around five business segments:

- sale of insurance products (57.3% of revenues): for commercial, professional and individual customers. The group also offers services and warranty products not covered by insurance through its services to car dealers;

- management of national insurance and coverage programs (25.3%): including the sale of professional liability insurance products, a wide range of insurance products for individuals and property and casualty insurance to members of various professional and business associations. The activity is carried out through a national network of independent agents;

- insurance brokerage (12.7%): sale of surplus insurance policies from companies and individuals through independent agents and brokers;

- services (3.8%): including third-party claims management services and workers' compensation and employee benefits consulting services ;

- other (0.9%).

Number of employees: 16,152

Sales per Business

USD in Million2022Weight2023Weight Delta
Retail
57.3 %
2,084 58.3 % 2,440 57.3 % +17.07%
National Programs
25.3 %
860 24.1 % 1,077 25.3 % +25.34%
Wholesale Brokerage
12.7 %
453 12.7 % 541 12.7 % +19.25%
Services
3.8 %
172 4.8 % 163 3.8 % -5.12%
Other
0.8 %
4 0.1 % 36 0.8 % +737.21%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
87.6 %
3,333 93.3 % 3,730 87.6 % +11.92%
United Kingdom
10.2 %
170 4.8 % 433 10.2 % +154.53%
Ireland
1.1 %
38 1.1 % 45 1.1 % +18.11%
Canada
0.8 %
24 0.7 % 35 0.8 % +50.00%
Other
0.3 %
9 0.2 % 14 0.3 % +56.18%

Managers

Managers TitleAgeSince
J. Brown CEO
 Chief Executive Officer 56 94-12-31
R. Watts DFI
 Director of Finance/CFO 55 14-02-16
J. Brown CHM
 Chairman 86 60-12-31
Rob Burch CTO
 Chief Tech/Sci/R&D Officer - 23-05-31
Gray Nester CTO
 Chief Tech/Sci/R&D Officer - 19-11-30
Kiet Tran CTO
 Chief Tech/Sci/R&D Officer - 22-05-16
Robert Mathis LAW
 General Counsel - 23-04-09
Michael Vaughan PRN
 Corporate Officer/Principal - 23-04-06
Christina Melia PRN
 Corporate Officer/Principal - -
Joseph Housman PRN
 Corporate Officer/Principal 42 13-12-31

Members of the board

Members of the board TitleAgeSince
Theodore Hoepner BRD
 Director/Board Member 82 93-12-31
J. Brown CHM
 Chairman 86 60-12-31
J. Brown CEO
 Chief Executive Officer 56 94-12-31
Paul Krump BRD
 Director/Board Member 64 23-06-12
Chilton Varner BRD
 Director/Board Member 81 03-12-31
Hugh Brown BRD
 Director/Board Member 88 03-12-31
Toni Jennings BRD
 Director/Board Member 74 07-01-23
Wendell Reilly BRD
 Director/Board Member 66 07-10-23
H. Proctor BRD
 Director/Board Member 56 12-10-21
Bronislaw Masojada BRD
 Director/Board Member 62 23-06-12

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 305,000,000 238,352,663 ( 78.15 %) 20,000,000 ( 6.557 %) 78.15 %

Shareholders

NameEquities%Valuation
J. Brown
13.84 %
39,558,518 13.84 % 3 463 M $
Vanguard Fiduciary Trust Co.
9.850 %
28,152,200 9.850 % 2 464 M $
Select Equity Group LP
5.007 %
14,310,480 5.007 % 1 253 M $
BlackRock Advisors LLC
4.638 %
13,254,860 4.638 % 1 160 M $
Principal Global Investors LLC
4.313 %
12,325,905 4.313 % 1 079 M $
STATE STREET CORPORATION
3.760 %
10,746,196 3.760 % 941 M $
Eaton Vance Management
3.149 %
8,999,864 3.149 % 788 M $
Geode Capital Management LLC
1.942 %
5,551,581 1.942 % 486 M $
J. Brown
1.914 %
5,471,147 1.914 % 479 M $
Allspring Global Investments LLC
1.600 %
4,572,541 1.600 % 400 M $

Company contact information

Brown & Brown, Inc.

300 North Beach Street

32114, Daytona Beach

+386 252 9601

http://www.bbinsurance.com
address Brown & Brown, Inc.(BRO)

Group companies

NameCategory and Sector
O'Leary Insurances Ltd.
Logo O'Leary Insurances Ltd.

O'Leary Insurances Ltd.

Insurance Brokers/ServicesFinance

Part of Brown & Brown, Inc., O'Leary Insurances Ltd. is an insurance broker based in Ballsbridge, Ireland. The company provides a comprehensive insurance broking service to all sectors of the Irish economy, including business insurances, liability insurance, motor fleet insurance, accountants professional indemnity, commercial property insurance, cyber liability insurance, solicitors professional indemnity insurance, environmental impairment liability insurance, specialist insurance, personal insurances, and financial services. With a presence at 8 different locations in Ireland, the private company arranges tailored insurance products for all retail businesses ranging from the small corner shop to the largest shopping centre and commercial enterprise. The company was founded in 1961 by Archie O'Leary, and the CEOs are Brian Lennon and John Kavanagh. O'Leary Insurances was acquired by Brown & Brown, Inc. on January 15, 2021 for $121.53 million.

Insurance Brokers/Services

Sector

Financials
Insurance
Insurance
Multiline Insurance & Brokers
Insurance Brokers

Sales per Business

Sales per region

Ratings for Brown & Brown, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
82.13 USD
Average target price
89.93 USD
Spread / Average Target
+9.50%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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