Last 7 days
-1.7%
Last 30 days
-1.3%
Last 90 days
7.9%
Trailing 12 Months
22.6%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-08 | Hunt James S | gifted | - | - | -216 | - |
2023-06-21 | Masojada Bronislaw Edmund | bought | 263,120 | 65.78 | 4,000 | - |
2023-06-16 | VARNER CHILTON D | gifted | - | - | -20,000 | - |
2023-05-24 | Hunt James S | acquired | 7,219 | 62.78 | 115 | - |
2023-05-03 | JENNINGS TONI | acquired | - | - | 1,848 | - |
2023-05-03 | PROCTOR H PALMER JR | acquired | - | - | 1,848 | - |
2023-05-03 | Hoepner Theodore J | acquired | - | - | 1,848 | - |
2023-05-03 | GELLERSTEDT LAWRENCE L III | acquired | - | - | 1,848 | - |
2023-05-03 | Reilly Wendell | acquired | - | - | 1,848 | - |
2023-05-03 | Main Timothy R.M. | acquired | - | - | 1,848 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 2,570,400 | 2,570,400 | 0.02% |
2023-09-20 | BARCLAYS PLC | added | 208 | 45,305,000 | 62,084,000 | 0.04% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 17,656 | 106,427 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 411 | 2,478 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 62.00 | 1,050 | -% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 0.46 | 53,651 | 315,991 | 0.07% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 47,964 | 289,128 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 46,822 | 282,244 | 0.03% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 6,000 | 35,000 | -% |
2023-08-22 | COMERICA BANK | new | - | 11,000 | 11,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | select equity group, l.p. | 6.1% | 17,261,734 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 9.81% | 27,779,153 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 5.8% | 16,545,072 | SC 13G/A | |
Feb 14, 2022 | select equity group, l.p. | 6.5% | 18,275,989 | SC 13G | |
Feb 01, 2022 | blackrock inc. | 6.9% | 19,349,635 | SC 13G/A | |
Jan 10, 2022 | vanguard group inc | 10.01% | 28,277,849 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 8.62% | 24,488,374 | SC 13G/A | |
Jan 29, 2021 | blackrock inc. | 9.7% | 27,475,696 | SC 13G/A | |
Feb 12, 2020 | vanguard group inc | 9.10% | 25,650,333 | SC 13G/A | |
Feb 10, 2020 | blackrock inc. | 10.4% | 29,213,264 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 14, 2023 | 8-K | Current Report | |
Aug 08, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 10-Q | Quarterly Report | |
Jul 24, 2023 | 8-K | Current Report | |
Jun 27, 2023 | 11-K | Employee Benefit Details | |
Jun 22, 2023 | 4 | Insider Trading | |
Jun 21, 2023 | 4 | Insider Trading | |
Jun 20, 2023 | 3 | Insider Trading | |
Jun 20, 2023 | 3 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MMC | 95.6B | 21.6B | 0.61% | 29.56% | 29.13 | 4.43 | 4.57% | -2.84% |
AON | 67.8B | 12.9B | 1.04% | 22.73% | 25.08 | 5.27 | 3.53% | 78.84% |
AJG | 49.8B | 9.2B | 2.48% | 36.49% | 44.74 | 5.4 | 7.35% | 5.16% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
BRO | 20.2B | 4.0B | -1.33% | 22.61% | 27.53 | 5.05 | 22.72% | 19.33% |
AFG | 9.5B | 7.5B | -1.19% | -3.17% | 11.11 | 1.26 | 12.86% | -17.26% |
MID-CAP | ||||||||
UNM | 9.2B | 12.1B | 2.53% | 30.03% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.8B | 10.6B | 6.45% | 0.96% | 22.45 | 0.73 | 3.62% | -71.27% |
GNW | 2.7B | 7.5B | 5.23% | 68.72% | 5.04 | 0.36 | -1.40% | -38.58% |
SMALL-CAP | ||||||||
GSHD | 1.8B | 242.3M | 27.16% | 106.36% | 298.37 | 7.34 | 37.52% | 918.24% |
BRP | 1.4B | 1.1B | -3.52% | -7.25% | -12.78 | 1.26 | 47.14% | -2460.07% |
EHTH | 207.6M | 390.2M | -5.32% | 61.73% | -3.36 | 0.53 | -15.74% | 60.20% |
HALL | 78.6M | 162.3M | -9.88% | -80.00% | -0.73 | 0.39 | -9.82% | -20.58% |
KINS | 19.6M | 146.0M | -4.10% | -30.94% | -1.45 | 0.13 | 4.52% | 41.12% |
17.3%
22.4%
20.4%
18.6%
38.5%
18.5%
0%
Y-axis is the maximum loss one would have experienced if Brown & Brown was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 5.5% | 3,992 | 3,785 | 3,573 | 3,411 | 3,253 | 3,141 | 3,051 | 2,955 | 2,859 | 2,730 | 2,613 | 2,550 | 2,495 | 2,471 | 2,392 | 2,322 | 2,234 | 2,132 | 2,014 | 1,980 | 1,925 |
Operating Expenses | 5.3% | 3,031 | 2,879 | 2,697 | 2,588 | 2,452 | 2,352 | 2,289 | 2,202 | 2,144 | 2,072 | 1,989 | 1,955 | 1,906 | 1,889 | 1,866 | 1,797 | 1,719 | 1,640 | 1,552 | 1,512 | 1,475 |
EBITDA | -100.0% | - | 1,116 | 1,057 | 971 | 922 | 889 | 861 | 851 | 808 | 718 | 683 | 653 | 650 | 646 | 590 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.29* | 0.30* | 0.28* | 0.28* | 0.28* | 0.28* | 0.29* | 0.28* | 0.26* | 0.26* | 0.26* | 0.26* | 0.26* | 0.25* | - | - | - | - | - | - |
Interest Expenses | 7.0% | 182 | 170 | 141 | 112 | 87.00 | 67.00 | 65.00 | 65.00 | 63.00 | 60.00 | 59.00 | 58.00 | 61.00 | 64.00 | 64.00 | 60.00 | 52.00 | 46.00 | 41.00 | 38.00 | 38.00 |
Earnings Before Taxes | 6.1% | 961 | 905 | 876 | 823 | 801 | 789 | 763 | 753 | 715 | 658 | 624 | 595 | 589 | 583 | 526 | 524 | 515 | 493 | 462 | 468 | 450 |
EBT Margin | -100.0% | - | 0.24* | 0.25* | 0.24* | 0.25* | 0.25* | 0.25* | 0.25* | 0.25* | 0.24* | 0.24* | 0.23* | 0.24* | 0.24* | 0.22* | - | - | - | - | - | - |
Net Income | 6.6% | 732 | 687 | 672 | 628 | 614 | 608 | 587 | 583 | 570 | 528 | 480 | 460 | 441 | 437 | 399 | 395 | 386 | 367 | 344 | 458 | 428 |
Net Income Margin | -100.0% | - | 0.18* | 0.19* | 0.18* | 0.19* | 0.19* | 0.19* | 0.20* | 0.20* | 0.19* | 0.18* | 0.18* | 0.18* | 0.18* | 0.17* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 783 | 829 | 738 | 871 | 877 | 897 | 760 | 625 | 747 | 651 | 689 | 715 | 640 | 605 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 5.0% | 14,072 | 13,400 | 13,974 | 13,658 | 12,280 | 11,273 | 9,795 | 9,629 | 9,358 | 8,911 | 8,967 | 8,795 | 8,201 | 7,582 | 7,623 | 7,681 | 7,165 | 6,806 | 6,689 | 5,803 | 5,702 |
Current Assets | 12.4% | 4,895 | 4,356 | 4,996 | 4,851 | 5,330 | 4,309 | 3,330 | 3,398 | 3,192 | 2,793 | 2,958 | 3,164 | 2,705 | 2,284 | 2,495 | 2,607 | 2,292 | 1,995 | 2,167 | 2,013 | 2,041 |
Cash Equivalents | 11.4% | 628 | 564 | 650 | 580 | 2,384 | 2,426 | 1,470 | 785 | 625 | 512 | 656 | 1,070 | 623 | 386 | 963 | 498 | 433 | 322 | 778 | 423 | 478 |
Net PPE | 1.3% | 245 | 242 | 240 | 239 | 215 | 215 | 212 | 208 | 209 | 206 | 201 | 188 | 174 | 159 | 149 | 129 | 123 | 117 | 100 | 90.00 | 85.00 |
Goodwill | 2.0% | 6,865 | 6,730 | 6,674 | 6,522 | 5,149 | 5,141 | 4,737 | 4,565 | 4,514 | 4,473 | 4,396 | 4,124 | 4,023 | 3,882 | 3,746 | 3,702 | 3,552 | 3,513 | 3,433 | 2,930 | 2,846 |
Current Liabilities | 9.0% | 4,158 | 3,813 | 4,597 | 4,239 | 2,900 | 2,439 | 2,667 | 2,889 | 2,801 | 2,241 | 2,354 | 2,240 | 2,258 | 1,891 | 2,045 | 2,149 | 1,907 | 1,647 | 1,783 | 1,633 | 1,657 |
LT Debt, Current | -78.4% | 53.00 | 246 | 251 | 68.00 | 68.00 | 43.00 | 43.00 | 290 | 300 | 70.00 | 70.00 | 66.00 | 63.00 | 59.00 | 55.00 | 55.00 | 55.00 | 55.00 | 50.00 | 30.00 | 25.00 |
LT Debt, Non Current | 2.2% | 3,762 | 3,680 | 3,692 | 4,040 | 4,156 | 3,497 | 1,980 | 1,755 | 1,762 | 2,009 | 2,026 | 2,043 | 1,566 | 1,483 | 1,500 | 1,514 | 1,427 | 1,440 | 1,457 | 832 | 842 |
Shareholder's Equity | 4.7% | 5,073 | 4,845 | 4,607 | 4,311 | 4,283 | 4,335 | 4,197 | 4,108 | 3,946 | 3,831 | 3,754 | 3,702 | 3,584 | 3,480 | 3,350 | 3,315 | 3,181 | 3,098 | 3,001 | 2,939 | 2,831 |
Retained Earnings | 3.3% | 4,914 | 4,756 | 4,553 | 4,440 | 4,308 | 4,192 | 4,001 | 3,928 | 3,808 | 3,694 | 3,521 | 3,452 | 3,342 | 3,269 | 3,141 | 3,088 | 2,995 | 2,925 | 2,834 | 2,783 | 2,697 |
Additional Paid-In Capital | 2.1% | 927 | 908 | 920 | 903 | 836 | 824 | 849 | 830 | 785 | 773 | 795 | 764 | 749 | 718 | 716 | 704 | 653 | 621 | 615 | 525 | 503 |
Shares Outstanding | 0% | 284 | 284 | 283 | 283 | 282 | 283 | 283 | 282 | 282 | 282 | 283 | 284 | 284 | 283 | 282 | 282 | - | - | 280 | 281 | 276 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 10.3% | 924 | 838 | 881 | 781 | 775 | 774 | 809 | 801 | 676 | 817 | 713 | 771 | 789 | 707 | 678 | 659 | 596 | 493 | 568 | 484 | 449 |
Share Based Compensation | 9.8% | 77.00 | 70.00 | 66.00 | 65.00 | 62.00 | 62.00 | 61.00 | 63.00 | 62.00 | 69.00 | 60.00 | 56.00 | 53.00 | 43.00 | 47.00 | 45.00 | 43.00 | 39.00 | 34.00 | 32.00 | 30.00 |
Cashflow From Investing | -4.6% | -1,579 | -1,510 | -1,912 | -2,103 | -728 | -760 | -396 | -513 | -568 | -672 | -759 | -526 | -555 | -466 | -413 | -1,019 | -985 | -1,024 | -951 | -293 | -190 |
Cashflow From Financing | -228.6% | -394 | 306 | 1,725 | 1,932 | 2,020 | 1,275 | -210 | -361 | 182 | 221 | 355 | 383 | 14.00 | -89.43 | -79.22 | 510 | 417 | 330 | 338 | -288 | -348 |
Dividend Payments | 2.9% | 127 | 123 | 120 | 116 | 113 | 110 | 107 | 107 | 105 | 103 | 101 | 96.00 | 94.00 | 93.00 | 91.00 | 90.00 | 88.00 | 86.00 | 85.00 | 83.00 | 81.00 |
Buy Backs | -99.8% | 0.00 | 50.00 | 74.00 | 74.00 | 75.00 | 37.00 | 83.00 | 130 | 135 | 124 | 55.00 | 36.00 | 40.00 | 60.00 | 59.00 | 110 | 100 | 80.00 | 91.00 | 83.00 | 129 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
REVENUES | ||||
Commissions and fees | $ 1,035.9 | $ 838.7 | $ 2,143.9 | $ 1,743.1 |
Investment income | 10.3 | 0.4 | 17.3 | 0.6 |
Other income, net | 1.1 | 0.6 | 2.1 | 0.8 |
Total revenues | 1,047.3 | 839.7 | 2,163.3 | 1,744.5 |
EXPENSES | ||||
Employee compensation and benefits | 530.2 | 412.1 | 1,101.3 | 871.0 |
Other operating expenses | 162.0 | 154.0 | 322.7 | 280.8 |
(Gain)/loss on disposal | (0.4) | (0.7) | (6.1) | (0.9) |
Amortization | 41.2 | 33.6 | 82.6 | 64.7 |
Depreciation | 10.2 | 8.9 | 20.1 | 17.1 |
Interest | 47.9 | 36.0 | 94.6 | 54.3 |
Change in estimated acquisition earn-out payables | 1.8 | (3.0) | (0.5) | (6.4) |
Total expenses | 792.9 | 640.9 | 1,614.7 | 1,280.6 |
Income before income taxes | 254.4 | 198.8 | 548.6 | 463.9 |
Income taxes | 64.0 | 53.6 | 122.7 | 98.4 |
Net income | $ 190.4 | $ 145.2 | $ 425.9 | $ 365.5 |
Net income per share: | ||||
Basic (in dollars per share) | $ 0.67 | $ 0.51 | $ 1.50 | $ 1.29 |
Diluted (in dollars per share) | 0.67 | 0.51 | 1.50 | 1.29 |
Dividends declared per share (in dollars per share) | $ 0.115 | $ 0.103 | $ 0.230 | $ 0.205 |
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 627.9 | $ 650.0 |
Fiduciary cash | 1,635.5 | 1,383.2 |
Short-term investments | 10.1 | 12.0 |
Commission, fees and other receivables | 751.3 | 642.9 |
Fiduciary receivables | 1,005.0 | 881.4 |
Reinsurance recoverable | 187.2 | 831.0 |
Prepaid reinsurance premiums | 450.6 | 393.2 |
Other current assets | 227.3 | 202.3 |
Total current assets | 4,894.9 | 4,996.0 |
Fixed assets, net | 244.7 | 239.9 |
Operating lease assets | 204.9 | 214.9 |
Goodwill | 6,865.1 | 6,674.2 |
Amortizable intangible assets, net | 1,562.5 | 1,595.2 |
Investments | 27.5 | 22.4 |
Other assets | 271.9 | 230.9 |
Total assets | 14,071.5 | 13,973.5 |
Current Liabilities: | ||
Fiduciary liabilities | 2,640.5 | 2,264.6 |
Losses and loss adjustment reserve | 198.8 | 841.1 |
Unearned premiums | 487.5 | 412.3 |
Accounts payable | 329.1 | 286.5 |
Accrued expenses and other liabilities | 448.6 | 541.5 |
Current portion of long-term debt | 53.1 | 250.6 |
Total current liabilities | 4,157.6 | 4,596.6 |
Long-term debt less unamortized discount and debt issuance costs | 3,762.4 | 3,691.5 |
Operating lease liabilities | 186.0 | 195.9 |
Deferred income taxes, net | 571.9 | 584.0 |
Other liabilities | 321.1 | 298.9 |
Shareholders’ Equity: | ||
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively | 30.3 | 30.3 |
Additional paid-in capital | 927.1 | 919.7 |
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively. | (748.1) | (748.0) |
Accumulated other comprehensive loss | (50.5) | (148.4) |
Retained earnings | 4,913.7 | 4,553.0 |
Total shareholders’ equity | 5,072.5 | 4,606.6 |
Total liabilities and shareholders’ equity | $ 14,071.5 | $ 13,973.5 |