Brown & Brown, Inc.

Brown & Brown, Inc.

Brown & Brown, Inc.

Overview
Date Founded

1959

Headquarters

220 South Ridgewood Avenue, Daytona Beach, FL, 32114, USA

Type of Company

Public

Employees (Worldwide)

10.1K

Industries

Insurance Brokerage
Reinsurance
Insurance: Property & Casualty
Other Insurance Services
Accounting & Financial Services
Insurance: Life & Health

Company Description

At Brown & Brown (B&BSM), we know that we must be agile in order to thrive in the very competitive insurance environment. Our 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 B&BSM one of the largest and most respected independent insurance intermediaries in the nation, with over 70 years of continuous service. The Company is ranked as the seventh largest such organization in the United States and in the World by Business Insurance magazine. (Click here for a PDF file of the actual Business Insurance ranking). As part of the 2007 Broker Rankings Business Insurance conducted video interviews with the CEO's of the top brokers. Click here to view Hyatt Brown's comments on Brown & Brown and the industry in general. 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

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Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President, General Counsel & Secretary

Regional President & Chief Acquisitions Officer

Regional President

Regional President

Regional President, Retail Division

Regional President, Retail Division

Regional President, Retail Division

Senior Vice President & Director of Acquisitions

Board of Directors

Chief Executive Officer at The Hays Group, Inc.

President & Chief Executive Officer at Brown & Brown, Inc.

Chief Executive Officer & Director at Ameris Bancorp

Fund Advisor at Peachtree Equity Investment Management, Inc.

Former President at Jack Jennings & Sons, Inc.

Chairman & Chief Executive Officer at Brown and Brown Health Care Plan Trust

Former President & Chief Executive Officer at Cousins Properties, Inc.

Partner at King & Spalding LLP

President at Florida Public Health Institute, Inc.

Treasurer at Disney Worldwide Services, Inc.

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Owners & Shareholders
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SEG offers a long-only equity management program that utilizes fundamental analysis to select stocks they believe will provide better than market returns over a complete market cycle. Money market reserves may comprise 0 to 50 percent of the account, but generally range from 0 to 20 percent, depending on market conditions. SEG generally limits their portfolio of securities to less than 40 than stocks in each account. SEG employs eight primary investment strategies. Their investment strategies are generally driven by a research-intensive, fundamental bottom-up process and draw upon a centralized research department. These strategies include: Small-Mid Cap /Long-Only, US Core, Concentrated Opportunistic, US Long/Short, International Long/Short, International Long-Only, Global Long-Only, and Private Equity. SEG obtains exposure to particular issuers or securities for their private funds (and may for individual clients) through various types of derivatives transactions, including swaps and contracts for differences. In addition, they may hedge exposure to currency fluctuations for foreign securities owned by the private funds by entering into currency forward or option transactions.

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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth bottom-up fundamental analysis is the primary basis for their investment decision making process. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments judged by Atlanta Capital to have unrecognized value or investment potential. For equities, high quality is generally measured by a company’s demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow).

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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

Recent Transactions
Details Hidden

CBIZ, Inc. purchases Alliance Insurance Services, Inc. from Brown & Brown, Inc.

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Brown & Brown, Inc., Hull & Co. LLC purchase Texas All Risk General Agency, Inc. from Brooke Corp.

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BenefitMall, Inc. purchases Brown & Brown of Pennsylvania LP from Brown & Brown, Inc.

Transaction Advisors
Auditor

Advised onBrown & Brown, Inc. issued USD Common Stock

Accountant

Advised onBrown & Brown, Inc. purchases Proctor Homer Warren, Inc.

Legal Advisor

Advised onBrown & Brown, Inc. purchases The Wright Insurance Group LLC from Aquiline Capital Partners LLC

Legal Advisor

Advised onBrown & Brown, Inc. purchases The Wright Insurance Group LLC from Aquiline Capital Partners LLC

Legal Advisor

Advised onBrown & Brown, Inc. purchases The Wright Insurance Group LLC from Aquiline Capital Partners LLC

Legal Advisor

Advised onBrown & Brown, Inc. purchases The Wright Insurance Group LLC from Aquiline Capital Partners LLC

Advisors & Consultants
Legal Advisor

Chair, Global Litigation Department at Paul Hastings LLP

Real Estate Agent

Executive Vice President at Colliers International

Clients

Embry–Riddle Aeronautical University (ERAU) is a private university system offering associate, bachelor, master's, and PhD degree programs in arts and sciences, aviation, business, engineering, computer programming, cyber security and security and intelligence. It is the largest, fully accredited university system specializing in aviation and aerospace, and has campuses in Daytona Beach, Florida and Prescott, Arizona, and other locations. It considers itself to be one of the top aviation and aerospace schools in America.

Aspen Insurance Holdings Limited is a leading company in the industry, with assets of $10.3 billion at the year ended 31 December 2012 and more than 830 employees in eight countries. Founded in 2002, Aspen has been listed on the New York Stock Exchange since 2003 (AHL). We are a diversified, well-capitalised and strongly rated company, providing carefully tailored underwriting solutions in select high value-added markets. We have the ability to identify and respond swiftly to emerging opportunities and to operate across a wide range of geographies and specialist business lines. This approach, underpinned by robust and effective risk management, has enabled us to broaden our earnings stream and reduce exposure to any particular risk or event.

Incharge Debt Solutions, Inc. offers confidential and professional credit and housing counselling services. It offers debt management programs, debt consolidation, bankruptcy, and student loan counselling services. The company was founded in 1997 and is headquartered in Orlando, FL.

Key Stats and Financials As of 2019
Market Capitalization
$13.6B
Total Enterprise Value
$11.6B
Earnings Per Share
$1.4
Revenue
$2.39B
Net Profit
$386M
Total Debt
$1.77B
Total Equity
$3.35B
Enterprise Value / Sales
4.86x
TEVNet Income
30.17x
Debt TEV
0.15x
Three Year Compounded Annual Growth Rate Of Revenue
10.66%
Enterprise Value EBITDAOperating
12.31x
EBITDAMargin
38.79%
EBITDA
$928M
Non-Profit Donations & Grants
$1,000 +
2017
$15K - $25K
2017
Political Donations
$2,500
2014
$1,000
2014
$500
2013
Investors
Details Hidden

Investor at Postmates Inc.

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