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BRO

57.32USD-0.65(-1.12%)Market Closed

Brown & Brown Inc

Market Summary

USD57.32-0.65Market Closed
-1.12%

BRO Alerts

BRO Stock Price

RSI Chart

Valuation

Market Cap

16.6B

Price/Earnings

26.99

Price/Sales

5.09

Price/Cashflow

18.23

MarketCap/EBT

20.68

Price/Sales

Profitability

EBT Margin

24.63%

Return on Equity

14.32%

Return on Assets

5%

Fundamentals

Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

15.45%

Revenue Q/Q

-7.18%

Earnings

Earnings (TTM)

613.6M

Earnings Y/Y

4.24%

Earnings Q/Q

-34.09%

Price Action

52 Week Range

52.7273.61
(Low)(High)

Last 7 days

1.1%

Last 30 days

3.9%

Last 90 days

-11%

Trailing 12 Months

-11.4%

Financial Health

Current Ratio

1.84

Debt/Equity

0.99

Debt/Cashflow

0.22

Investor Care

Dividend Yield

0.68%

Dividend/Share (TTM)

0.4

Shares Dilution (1Y)

0.30%

Diluted EPS (TTM)

2.16

Peers (Alternatives to Brown & Brown)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
81.4B
20.8B
7.22% 2.30%
24.03
3.91
9.09% 24.80%
61.0B
12.4B
10.10% 4.30%
22.17
4.91
2.91% 210.61%
39.7B
8.5B
4.03% 17.79%
37.51
4.62
6.99% 15.80%
16.6B
3.3B
3.94% -11.42%
26.99
5.09
13.80% 7.58%
12.7B
11.8B
1.60% 29.06%
16.3
1.08
5.22% -41.47%
12.2B
6.9B
-3.42% 15.05%
11.87
1.84
-7.39% -58.10%
MID-CAP
9.2B
12.0B
-7.00% 84.56%
8.29
0.77
-10.10% 49.31%
7.2B
10.1B
7.26% -14.91%
5.95
0.7
-1.12% -76.25%
2.4B
7.6B
9.65% 26.58%
2.94
0.31
-11.94% -27.43%
SMALL-CAP
1.6B
893.9M
1.92% -26.16%
-378.28
2.14
87.11% 11.36%
807.1M
192.2M
7.44% -69.87%
2.4K
4.2
31.90% -95.71%
78.0M
452.5M
37.42% -83.91%
-0.5
0.17
-23.04% -1046.11%
24.6M
136.2M
-50.48% -78.74%
-1.07
0.18
-11.34% -148.82%
17.2M
290.9M
-34.02% -85.20%
-0.24
0.05
-30.77% -196.03%

Financials for Brown & Brown

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.8%3,4103,2533,1413,0512,955
Operating Expenses5.5%2,5882,4522,3522,2892,202
Earnings Before Taxes2.7%823801789763753
Net Income2.4%628614608587583
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets11.2%13,65812,28011,2739,7959,629
  Current Assets-9.0%4,8515,3304,3093,3303,398
    Cash Equivalents-75.7%5802,3841,695887944
  Net PPE11.5%239215215212208
  Goodwill26.7%6,5225,1495,1414,7374,565
  Current Liabilities46.2%4,2392,9002,4392,6672,889
  Long Term Debt19.3%4,2243,5402,0232,045-
    LT Debt, Current0%68684343290
    LT Debt, Non Current-2.8%4,0404,1563,4971,9801,755
Shareholder's Equity0.6%4,3114,2834,3354,1974,108
  Retained Earnings3.1%4,4404,3084,1924,0013,928
  Additional Paid-In Capital8.1%903836824849830
Accumulated Depreciation-196----
Shares Outstanding0.4%283282283282282
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations0.6%914909921942810
  Share Based Compensation3.8%6562626163
Cashflow From Investing-188.9%-2,102.90-727.88-760.08-396.68-513.20
Cashflow From Financing-4.7%1,7981,8861,128-343.88-370.39
  Dividend Payments2.5%116113110107107
  Buy Backs-1.5%74753783130

Risks

What is the probability of a big loss on BRO?

31.5%


Probability that Brown & Brown stock will be more than 20% underwater in next one year

18.5%


Probability that Brown & Brown stock will be more than 30% underwater in next one year.

0%


Probability that Brown & Brown stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BRO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Brown & Brown was unfortunately bought at previous high price.

Returns

Cumulative Returns on BRO

17.3%


10-Year Cumulative Returns

21.1%


7-Year Cumulative Returns

18.6%


5-Year Cumulative Returns

15.6%


3-Year Cumulative Returns

What are the long-term rolling returns for BRO?

FIve years rolling returns for Brown & Brown.

Which funds bought or sold BRO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
3.11
15,000
240,000
0.01%
2022-11-22
CVA Family Office, LLC
SOLD OFF
-100
-4,000
-
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,290,000
1,290,000
0.01%
2022-11-21
FourThought Financial, LLC
REDUCED
-34.62
-124,000
260,000
0.04%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.09
589,000
23,849,000
0.04%
2022-11-18
National Pension Service
REDUCED
-2.62
368,000
22,853,000
0.05%
2022-11-18
Claro Advisors LLC
UNCHANGED
-
-
342,000
0.14%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-
3,000
-%
2022-11-17
M&T Bank Corp
ADDED
2.14
49,000
492,000
-%
2022-11-16
Kentucky Retirement Systems
ADDED
5.54
96,000
1,110,000
0.05%

1–10 of 47

Latest Funds Activity

Are funds buying BRO calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own BRO

Brown & Brown News

The San Diego Union-Tribune

2023 NFL Mock Draft: First-round projections - The San Diego Union-Tribune55 minutes ago

BRO Fair Value

Recent SEC filings of Brown & Brown

View All Filings
Date Filed Form Type Document
Nov 08, 2022
4
Insider Trading
Nov 07, 2022
4
Insider Trading
Nov 03, 2022
10-Q
Quarterly Report
Oct 24, 2022
8-K
Current Report

Latest Insider Trading transactions for BRO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-08
Hunt James S
GIFTED
-
-
-1,000
-
2022-11-07
Hunt James S
ACQUIRED
4,294.91
55.778
77
-
2022-11-04
Hoepner Theodore J
GIFTED
-
-
2,500
-
2022-11-04
Hoepner Theodore J
SOLD
-2,515,050
55.89
-45,000
-
2022-11-04
Hoepner Theodore J
GIFTED
-
-
-5,000
-
2022-08-08
LLOYD ROBERT W
SOLD
-663,287
65.484
-10,129
EVP, Secy, General Counsel
2022-05-19
GELLERSTEDT LAWRENCE L III
BOUGHT
98,910
54.95
1,800
-
2022-05-05
BROWN HUGH M
BOUGHT
29,668
60.92
487
-
2022-05-05
GELLERSTEDT LAWRENCE L III
BOUGHT
99,541
58.9
1,690
-
2022-05-05
BROWN HUGH M
BOUGHT
49,159.8
59.66
824
-

1–10 of 50

J. Powell Brown
12000
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

BRO Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES    
Commissions and fees$ 925.2$ 769.7$ 2,668.2$ 2,309.6
Investment income1.20.41.80.9
Other income, net1.20.22.02.4
Total revenues927.6770.32,672.02,312.9
EXPENSES    
Employee compensation and benefits470.3395.01,341.31,220.1
Other operating expenses169.6101.1450.6291.7
(Gain)/loss on disposal0.0(0.3)(0.9)(4.3)
Amortization43.529.5108.288.6
Depreciation11.39.228.325.4
Interest41.516.295.848.8
Change in estimated acquisition earn-out payables(26.6)23.1(33.1)20.6
Total expenses709.6573.81,990.21,690.9
Income before income taxes218.0196.5681.8622.0
Income taxes56.950.1155.2136.6
Net income$ 161.1$ 146.4$ 526.6$ 485.4
Net income per share:    
Basic (in dollars per share)$ 0.57$ 0.52$ 1.86$ 1.72
Diluted (in dollars per share)0.570.521.851.71
Dividends declared per share (in dollars per share)$ 0.103$ 0.093$ 0.309$ 0.278

BRO Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 579.5$ 693.2
Fiduciary cash1,271.3777.0
Short-term investments11.212.9
Commission, fees and other receivables625.3522.6
Fiduciary receivables723.4693.7
Reinsurance recoverable1,021.663.1
Prepaid reinsurance premiums409.9392.2
Other current assets208.6175.6
Total current assets4,850.83,330.3
Fixed assets, net239.2212.0
Operating lease assets214.5197.0
Goodwill6,522.34,736.8
Amortizable intangible assets, net1,588.01,081.5
Investments24.031.0
Other assets219.5206.8
Total assets13,658.39,795.4
Current Liabilities:  
Fiduciary liabilities1,994.71,470.7
Losses and loss adjustment reserve1,033.563.1
Unearned premiums430.7392.2
Accounts payable276.3242.7
Accrued expenses and other liabilities435.9456.2
Current portion of long-term debt67.542.5
Total current liabilities4,238.62,667.4
Long-term debt less unamortized discount and debt issuance costs4,040.41,980.4
Operating lease liabilities191.4180.0
Deferred income taxes, net572.3386.8
Other liabilities305.0383.9
Shareholders’ Equity:  
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.9 shares and outstanding 283.3 shares at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively30.330.1
Additional paid-in capital903.4849.4
Treasury stock, at cost at 19.6 shares at 2022, 18.5 shares at 2021, respectively(748.0)(673.9)
Accumulated other comprehensive loss(315.5)(9.4)
Retained earnings4,440.44,000.7
Total shareholders’ equity4,310.64,196.9
Total liabilities and shareholders’ equity$ 13,658.3$ 9,795.4