2 Followers USX:BRO - Brown & Brown Inc Brown & Brown Inc
Sector: Financials, Industry: Insurance Brokers
Next Earnings: 22 Apr 2024
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USD 87.26    +0.84 (+0.97%)

27 Mar 2024


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General

CEO: Mr. J. Powell Brown C.P.C.U.

IPO: 1992-03-03

Headquarters: US

Employees: 16,152

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Description

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

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