Brown & Brown

Brown & Brown, Inc.

Trade name	Brown & Brown Insurance
Type	Public company
Traded as	NYSE: BRO S&P 500 component
ISIN	US1152361010
Industry	Property & casualty insurance
Founded	1939; 83 years ago (1939)[1]
Headquarters	Daytona Beach, Florida, U.S.[2]
Key people	J. Powell Brown (Director, President, & CEO) R. Andrew Watts (Vice President & CFO)
Revenue	US$2.613 billion (2020)[3]
Operating income	US$462.46 million (2020)[3]
Net income	US$480.4 million (2020)[3]
Total assets	US$8.96 billion (2020)[3]
Total equity	US$3.75 billion (2020)[3]
Owner	J. Hyatt Brown, 14.46%[4]
Number of employees	11,136 (2020)[3]
Website	bbinsurance.com

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Brown & Brown, Inc. (Brown & Brown Insurance or B&B) is an American provider of insurance, reinsurance products and federal programs services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. Its headquarters are in Daytona Beach, Florida.

In 2021 the company ranked as the fifth largest independent insurance intermediary organization in the U.S. and sixth largest in the world by Business Insurance magazine.^[5]

History[]

Brown & Brown was co-founded by J. Adrian Brown in 1939. His son, J. Hyatt Brown, became CEO in 1961, a position he held until 2009. Under Hyatt, Brown & Brown expanded from a small local, family-owned insurance agency with a single office in Daytona Beach to the nation's sixth-largest insurance brokerage with offices nationwide.^[6]

References[]

External links[]

• Official website
• Catering Insurance For Small Business
• Business data for Brown & Brown, Inc.:
  • Google Finance
  • Yahoo! Finance
  • Bloomberg
  • Reuters
  • SEC filings

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