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Brown & Brown Inc

Financial Services US BRO

102.72USD
1.79(1.77%)

Last update at 2024-12-19T18:50:00Z

Day Range

101.24102.88
LowHigh

52 Week Range

52.5476.25
LowHigh

Fundamentals

  • Previous Close 100.93
  • Market Cap20058.47M
  • Volume534084
  • P/E Ratio26.80
  • Dividend Yield0.74%
  • EBITDA1349.50M
  • Revenue TTM4093.80M
  • Revenue Per Share TTM14.67
  • Gross Profit TTM 1750.00M
  • Diluted EPS TTM2.63

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 876.10M 762.80M 624.10M 525.90M 462.50M
Minority interest - - - - -
Net income 671.80M 587.10M 480.50M 398.50M 344.30M
Selling general administrative 1816.90M 2080.30M 1797.89M 1683.89M 1434.55M
Selling and marketing expenses - - - - -
Gross profit 1756.50M 1410.60M 1169.70M 1076.50M 941.00M
Reconciled depreciation 185.80M 152.90M 134.80M 128.72M 109.38M
Ebit 973.90M 857.50M 673.40M 572.40M 501.20M
Ebitda 1159.70M 1010.40M 808.20M 701.10M 610.50M
Depreciation and amortization 185.80M 152.90M 134.80M 128.70M 109.30M
Non operating income net other - - - - -
Operating income 973.90M 857.50M 673.40M 572.40M 499.45M
Other operating expenses 2599.50M 2192.80M 1937.20M 1814.00M 1510.30M
Interest expense 141.20M 65.00M 59.00M 63.70M 40.60M
Tax provision 204.30M 175.70M 143.60M 127.42M 118.21M
Interest income 141.20M 64.98M 59.00M 63.66M 40.58M
Net interest income -141.20000M -65.00000M -59.00000M -63.66000M -40.58000M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring - 64.98M 58.97M 63.66M 40.58M
Other items - - - - -
Income tax expense 204.30M 175.70M 143.60M 127.40M 118.20M
Total revenue 3573.40M 3047.50M 2606.10M 2384.70M 2009.90M
Total operating expenses 782.60M 555.90M 500.80M 505.80M 441.40M
Cost of revenue 1816.90M 1636.90M 1436.40M 1308.20M 1068.90M
Total other income expense net -97.80000M -94.70000M -49.30000M -46.50000M 3.50M
Discontinued operations - - - - -
Net income from continuing ops 671.80M 587.10M 480.48M 398.51M 344.25M
Net income applicable to common shares 659.10M 587.10M 480.48M 398.51M 344.25M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 13973.50M 9795.40M 8966.50M 7622.80M 6688.70M
Intangible assets 1595.20M 1081.50M 1049.70M 916.80M 898.80M
Earning assets - - - - -
Other current assets 202.30M 175.60M 147.70M 152.10M 128.70M
Total liab 9366.90M 5598.50M 5212.30M 4272.50M 3688.10M
Total stockholder equity 4606.60M 4196.90M 3754.20M 3350.30M 3000.60M
Deferred long term liab 76.00M 386.79M 344.22M 328.28M 315.73M
Other current liab 3647.20M 519.30M 415.30M 396.20M 344.60M
Common stock 30.30M 30.10M 30.00M 29.70M 29.30M
Capital stock 30.30M 30.10M 29.97M 29.71M 29.34M
Retained earnings 4553.00M 4000.70M 3520.60M 3140.80M 2833.60M
Other liab 882.90M 770.70M 659.10M 558.98M 448.12M
Good will 6674.20M 4736.80M 4395.90M 3746.10M 3432.80M
Other assets 230.90M 206.80M 562.66M 104.86M 71.97M
Cash 650.00M 887.10M 817.40M 542.20M 439.00M
Cash and equivalents 650.00M 887.01M 817.40M 542.17M 438.96M
Total current liabilities 4596.60M 2667.40M 2354.40M 2045.30M 1783.00M
Current deferred revenue 412.30M 514.60M 480.10M 479.80M 443.50M
Net debt 3488.00M 1315.80M 1451.40M 1181.00M 1068.00M
Short term debt 250.60M 42.50M 70.00M 55.00M 50.00M
Short long term debt 250.60M 42.50M 70.00M 55.00M 50.00M
Short long term debt total 4138.00M 2202.90M 2268.80M 1723.20M 1507.00M
Other stockholder equity 171.70M 175.50M 203.60M 179.80M 137.70M
Property plant equipment 454.80M 409.00M 201.12M 148.63M 100.39M
Total current assets 4996.00M 3330.30M 2958.20M 2494.80M 2167.30M
Long term investments 22.40M 31.00M 24.97M 27.38M 17.39M
Net tangible assets -3662.80000M -1621.40000M -1518.42000M -1144.72800M -1331.02500M
Short term investments 12.00M 12.90M 18.30M 12.30M 12.90M
Net receivables 2355.30M 1279.30M 1142.70M 1001.40M 910.20M
Long term debt 3691.50M 1980.40M 2025.91M 1500.34M 1456.99M
Inventory 1776.40M 975.40M 832.10M 786.80M 676.50M
Accounts payable 286.50M 1591.00M 1389.00M 1114.30M 944.90M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -148.40000M -9.40000M - -171.29800M -168.48000M
Additional paid in capital - - - - -
Common stock total equity - 30.10M 29.97M 29.71M 29.34M
Preferred stock total equity - - - - -
Retained earnings total equity - 4000.68M 3520.68M 3140.76M 2833.62M
Treasury stock - -673.90200M -591.33800M -536.24300M -477.57200M
Accumulated amortization - - - - -
Non currrent assets other -353.10000M -179.99400M -194.62200M -223.47700M -243.73200M
Deferred long term asset charges - - - - -
Non current assets total 8977.50M 6465.10M 6008.30M 5128.00M 4521.40M
Capital lease obligations 195.90M 180.00M 172.90M 211.27M -
Long term debt total 3691.50M 1980.44M 2025.91M 1500.34M 1456.99M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1912.70000M -0.20000M -3.14300M -9.02600M 8.64M
Change to liabilities 144.40M 199.50M 81.93M 105.53M 52.35M
Total cashflows from investing activities -1912.60000M -396.70000M -759.07000M -413.58500M -951.77100M
Net borrowings 1938.70M -73.10000M 538.24M 46.30M 480.00M
Total cash from financing activities 1725.40M -349.30000M 346.40M -79.20000M 337.80M
Change to operating activities 668.50M -9.40000M -119.60000M -13.88000M -423.49100M
Net income 671.80M 587.10M 480.50M 398.50M 344.30M
Change in cash 562.90M 198.40M 308.90M 185.40M -46.50000M
Begin period cash flow 1470.30M 1271.90M 963.00M 777.60M 824.10M
End period cash flow 2033.20M 1470.30M 1271.90M 963.00M 777.60M
Total cash from operating activities 881.40M 948.00M 721.60M 678.20M 567.50M
Issuance of capital stock - - - 25.00M 19.43M
Depreciation 185.80M 152.90M 134.80M 128.70M 109.30M
Other cashflows from investing activities -1860.00000M 1.40M -685.22700M -331.45100M -918.89000M
Dividends paid 119.50M 107.20M 100.60M 91.30M 84.70M
Change to inventory - -9.40000M -119.60000M -13.80000M -423.49100M
Change to account receivables -828.80000M -92.40000M -120.40000M -79.90000M 318.80M
Sale purchase of stock -122.90000M -132.40000M -96.40000M -69.60000M -91.30000M
Other cashflows from financing activities 2341.50M -70.60000M -31.70000M 456.70M 864.30M
Change to netincome 35.90M 107.30M 71.23M 58.01M 48.53M
Capital expenditures 52.60M 45.00M 70.70M 73.10M 41.50M
Change receivables - -34.24400M 3.44M -21.21000M 395.52M
Cash flows other operating - 132.55M 55.91M 111.87M -384.12100M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 201.91M 308.94M 185.38M -46.49200M
Change in working capital -15.90000M 97.70M 38.20M 101.00M 75.20M
Stock based compensation 66.10M 61.00M 59.70M 47.00M 33.50M
Other non cash items -69.20000M 15.70M -7.50000M -9.30000M -9.70000M
Free cash flow 828.80M 903.00M 650.90M 605.10M 526.00M

Peer Comparison

Sector: Financial Services Industry: Insurance Brokers

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BRO
Brown & Brown Inc
1.79 1.77% 102.72 26.80 23.04 4.84 3.81 5.57 16.58
MMC
Marsh & McLennan Companies Inc
2.01 0.96% 211.90 27.11 21.60 4.12 8.01 4.69 17.72
AON
Aon PLC
2.83 0.80% 355.41 30.99 21.14 5.23 12.74 6.45 21.84
AJG
Arthur J Gallagher & Co
2.72 0.98% 281.21 54.05 25.71 5.84 5.26 6.26 27.42
WTW
Willis Towers Watson PLC
4.15 1.35% 311.70 25.57 16.03 2.81 2.80 3.28 15.43

Reports Covered

Stock Research & News

Profile

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, 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 provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. 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. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

Brown & Brown Inc

300 North Beach Street, Daytona Beach, FL, United States, 32114

Key Executives

Name Title Year Born
Mr. J. Powell Brown C.P.C.U., CPCU CEO, Pres & Director 1968
Mr. R. Andrew Watts Exec. VP, CFO & Treasurer 1969
Mr. J. Scott Penny C.I.C., CIC Exec. VP & Chief Acquisitions Officer 1967
Mr. Chris L. Walker Exec. VP & Pres of National Programs Segment 1958
Mr. P. Barrett Brown Exec. VP & Pres of Retail Segment 1973
Mr. Kiet Tran Chief Technology Officer NA
Mr. Kenneth Gray Nester II Exec. VP & Chief Information Officer 1976
Mr. Robert W. Lloyd C.I.C., C.P.C.U., ESQ., CIC Exec. VP, Gen. Counsel & Corp. Sec. 1965
Jenny Goco Director of Communications NA
Ms. Julie L. Turpin Exec. VP & Chief People Officer 1971

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