Overview
Brown & Brown
The insurance agency Brown & Brown is a diversified insurance agency, wholesale brokerage, insurance programs and service organization with origins dating from 1939. It markets and sells insurance products and services, primarily in the property, casualty and employee benefits areas. The company provides its customers with quality, non-investment insurance contracts, as well as other targeted, customized risk management products and services.
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Read More It also operates a write-your-own flood insurance carrier, Wright National Flood Insurance Company (WNFIC). WNFIC's underwriting business consists of policies written pursuant to the National Flood Insurance Program (NFIP), the program administered by the Federal Emergency Management Agency (FEMA) to which premiums and underwriting exposure are ceded and excess flood and private flood policies which are fully reinsured in the private market. The majority of its revenue was generated in the US.
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Read More It also operates a write-your-own flood insurance carrier, Wright National Flood Insurance Company (WNFIC). WNFIC's underwriting business consists of policies written pursuant to the National Flood Insurance Program (NFIP), the program administered by the Federal Emergency Management Agency (FEMA) to which premiums and underwriting exposure are ceded and excess flood and private flood policies which are fully reinsured in the private market. The majority of its revenue was generated in the US.
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#
712
Fortune 1000 Revenue Rank
J POWELL BROWN
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers and Related Activities
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Finance and Insurance
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Property and casualty insurance agent
Activities Related to Credit Intermediation
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Modelled
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Actual
$4.26 billion
Actual
12.05%
14.01%
$17,612
DEC
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NYSE:BRO
Contacts
Get in Touch with 7 Principals* and 2,976 Contacts
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J POWELL BROWNPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$4.26 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,174 | $1,010 | $881 |
| Net Investing Cash | -$898 | -$587 | -$1,913 |
| Net Financing Cash | -$64 | -$187 | $1,726 |
| Net Change in Cash | $212 | $236 | $694 |
| Cash at Beginning of Period | $2,303 | $2,033 | $1,470 |
| Cash at End of Period | $2,502 | $2,303 | $2,033 |
| Capital Expenditure | -$82 | -$69 | -$52 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $675 | $700 | $650 |
| Accounts Receivable | $2,422 | $915 | $1,474 |
| Inventories | $ | $ | $ |
| Other Current Assets | $3,827 | $3,515 | $2,872 |
| Asset Summary | |||
| Total Current Assets | $6,924 | $5,130 | $4,996 |
| Tangible Fixed Assets | $519 | $469 | $455 |
| Intangible Assets | $1,814 | $1,621 | $1,595 |
| Total Assets | $17,612 | $14,883 | $13,974 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $373 | $459 | $286 |
| Short-Term Debt | $225 | $569 | $251 |
| Other Current Liabilities | $5,716 | $3,928 | $4,060 |
| Liability Summary | |||
| Total Current Liabilities | $6,314 | $4,956 | $4,597 |
| Long-Term Debt | $3,599 | $3,227 | $3,692 |
| Other Long-Term Liabilities | $362 | $326 | $299 |
| Total Liabilities | $11,175 | $9,304 | $9,367 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $31 | $30 | $30 |
| Retained Earnings | $6,128 | $5,289 | $4,553 |
| Equity Summary | |||
| Total Equity | $6,420 | $5,579 | $4,607 |
| Shares Outstanding | 285,958,390 | 284,600,000 | 283,200,000 |