Brown & Brown Management

Management criteria checks 2/4

Brown & Brown's CEO is J. Brown, appointed in Jan 2007, has a tenure of 17.92 years. total yearly compensation is $9.79M, comprised of 10.2% salary and 89.8% bonuses, including company stock and options. directly owns 1.91% of the company’s shares, worth €535.52M. The average tenure of the management team and the board of directors is 4.9 years and 15.7 years respectively.

Key information

J. Brown

Chief executive officer

US$9.8m

Total compensation

CEO salary percentage	10.2%
CEO tenure	17.9yrs
CEO ownership	1.9%
Management average tenure	4.9yrs
Board average tenure	15.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has J. Brown's remuneration changed compared to Brown & Brown's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$982m
Mar 31 2024	n/a	n/a	US$914m
Dec 31 2023	US$10m	US$1m	US$857m
Sep 30 2023	n/a	n/a	US$736m
Jun 30 2023	n/a	n/a	US$720m
Mar 31 2023	n/a	n/a	US$675m
Dec 31 2022	US$7m	US$1m	US$659m
Sep 30 2022	n/a	n/a	US$616m
Jun 30 2022	n/a	n/a	US$602m
Mar 31 2022	n/a	n/a	US$595m
Dec 31 2021	US$9m	US$1m	US$574m
Sep 30 2021	n/a	n/a	US$572m
Jun 30 2021	n/a	n/a	US$562m
Mar 31 2021	n/a	n/a	US$523m
Dec 31 2020	US$7m	US$1m	US$465m
Sep 30 2020	n/a	n/a	US$460m
Jun 30 2020	n/a	n/a	US$441m
Mar 31 2020	n/a	n/a	US$437m
Dec 31 2019	US$5m	US$1m	US$399m
Sep 30 2019	n/a	n/a	US$395m
Jun 30 2019	n/a	n/a	US$386m
Mar 31 2019	n/a	n/a	US$367m
Dec 31 2018	US$4m	US$1m	US$344m
Sep 30 2018	n/a	n/a	US$458m
Jun 30 2018	n/a	n/a	US$428m
Mar 31 2018	n/a	n/a	US$420m
Dec 31 2017	US$5m	US$1m	US$400m

Compensation vs Market: J.'s total compensation ($USD9.79M) is above average for companies of similar size in the German market ($USD4.83M).

Compensation vs Earnings: J.'s compensation has increased by more than 20% in the past year.

CEO

J. Brown (56 yo)

17.9yrs

Tenure

US$9,786,745

Compensation

Mr. J. Powell Brown, CPCU, is a Member of Board of Trustees at American Institute for Chartered Property Casualty Underwriters since June 15, 2022. He has been the Chief Executive Officer of Brown & Brown...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Brown	CEO, President & Director	17.9yrs	US$9.79m	1.91% € 535.5m
R. Watts	Executive VP	10.8yrs	US$3.27m	0.065% € 18.2m
J. Penny	Executive VP & Chief Acquisitions Officer	13.9yrs	US$2.93m	0.24% € 68.3m
Chris Walker	Executive VP & President of Programs Segment	10.9yrs	US$3.45m	0.072% € 20.2m
P. Brown	Executive VP & President of Retail Segment	4.9yrs	US$3.44m	0.50% € 139.7m
Kiet Tran	Chief Technology Officer	2.6yrs	no data	no data
Kenneth Nester	Executive VP & Chief Information Officer	3.8yrs	no data	0.015% € 4.2m
C. Mathis	Senior VP & Chief Legal Officer	1.7yrs	no data	no data
Jenny Goco	Director of Communications	no data	no data	no data
Julie Turpin	Executive VP & Chief People Officer	4.8yrs	no data	0.024% € 6.6m
Richard Knudson	Senior Vice President of Retail Segment	no data	no data	no data
H. Stoll	Senior VP & Director of Acquisitions	no data	no data	no data

4.9yrs

Average Tenure

55yo

Average Age

Experienced Management: BTW's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Brown	CEO, President & Director	17.2yrs	US$9.79m	1.91% € 535.5m
Jaymin Patel	Independent Director	1.9yrs	US$217.47k	0.0011% € 319.6k
J. Brown	Chairman of the Board	31.9yrs	US$218.03k	13.31% € 3.7b
Theodore Hoepner	Independent Director	30.9yrs	US$217.47k	0.041% € 11.6m
H. Proctor	Lead Independent Director	12.2yrs	US$247.47k	0.016% € 4.3m
Lawrence Gellerstedt	Independent Director	6yrs	US$237.47k	0.0068% € 1.9m
Toni Jennings	Independent Director	17.9yrs	US$217.47k	0.019% € 5.3m
Paul Krump	Independent Director	1.5yrs	US$50.00k	0.00049% € 137.4k
Chilton Varner	Independent Director	20.9yrs	US$217.47k	0.020% € 5.7m
Wendell Reilly	Independent Director	17.2yrs	US$217.47k	0.082% € 23.0m
Timothy R. Main	Independent Director	14.2yrs	US$237.47k	0.011% € 3.2m
James Hunt	Independent Director	11.6yrs	US$237.47k	0.0082% € 2.3m

15.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: BTW's board of directors are seasoned and experienced ( 15.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:52
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brown & Brown, Inc. is covered by 33 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jay Gelb	Barclays
Alex Scott	Barclays
Michael Zaremski	BMO Capital Markets Equity Research

Brown & Brown Management

Management criteria checks 2/4

Key information

Recent management updates

Chairman of the Board recently sold €13m worth of stock

Brown & Brown, Inc. Appoints Stephen P. Hearn to Board of Directors

Brown & Brown, Inc., Annual General Meeting, May 08, 2024

Chairman of the Board recently sold €18m worth of stock

Brown & Brown, Inc. Appoints Kathleen A. Savio as Director of the Company

Brown & Brown Promotes Mike Bruce to Chief Executive Officer of Brown & Brown Europe

Recent updates

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Third quarter 2024 earnings released: EPS: US$0.83 (vs US$0.62 in 3Q 2023)

Second quarter dividend of US$0.15 announced

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on November 13, 2024

Brown & Brown, Inc. (NYSE:BRO) acquired The assets of The Canopy Group.

Brown & Brown, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Chairman of the Board recently sold €13m worth of stock

Brown & Brown, Inc. Appoints Stephen P. Hearn to Board of Directors

Brown & Brown, Inc. (NYSE:BRO)entered into an agreement to acquire Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Brown & Brown, Inc. (NYSE:BRO)entered into an agreement to acquire Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Second quarter 2024 earnings released: EPS: US$0.90 (vs US$0.67 in 2Q 2023)

First quarter dividend of US$0.13 announced

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 14, 2024

Brown & Brown, Inc. to Report Q2, 2024 Results on Jul 22, 2024

First quarter dividend of US$0.13 announced

First quarter 2024 earnings released: EPS: US$1.04 (vs US$0.83 in 1Q 2023)

Brown & Brown, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Brown & Brown, Inc., Annual General Meeting, May 08, 2024

Chairman of the Board recently sold €18m worth of stock

Full year 2023 earnings released: EPS: US$3.07 (vs US$2.38 in FY 2022)

Upcoming dividend of US$0.13 per share at 0.7% yield

Full year 2023 earnings released: EPS: US$3.11 (vs US$2.38 in FY 2022)

Brown & Brown, Inc. Appoints Kathleen A. Savio as Director of the Company

Davies Group Limited entered into an agreement to acquire American Claims Management, Inc., Preferred Governmental Claim Solutions, Inc., USIS, Inc. and ICA, LP from Brown & Brown, Inc. (NYSE:BRO) for approximately $210 million.

Third quarter 2023 earnings released: EPS: US$0.63 (vs US$0.57 in 3Q 2022)

Upcoming dividend of US$0.13 per share at 0.7% yield

Brown & Brown, Inc. Announces Increase in Quarterly Cash Dividend, Payable on November 15, 2023

Brown & Brown, Inc. (NYSE:BRO) acquired All of the assets of Pacific Underwriters Corporations.

Brown & Brown, Inc. (NYSE:BRO) acquired Kentro Capital Limited from B. P. Marsh & Company Limited.

Brown & Brown, Inc. to Report Q3, 2023 Results on Oct 23, 2023

Brown & Brown Promotes Mike Bruce to Chief Executive Officer of Brown & Brown Europe

Upcoming dividend of US$0.12 per share at 0.7% yield

Second quarter 2023 earnings released: EPS: US$0.68 (vs US$0.51 in 2Q 2022)

Brown & Brown, Inc. Announces Quarterly Cash Dividend, Payable on August 16, 2023

Brown & Brown, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Brown & Brown, Inc. Announces Board Changes

Brown & Brown, Inc. Announces Executives Appointments

Brown & Brown, Inc. Appoints Pattysue Rauh as Chief Audit Officer, Effective July 2023

Brown & Brown, Inc. (NYSE:BRO) entered into an agreement to acquire Kentro Capital Limited from B. P. Marsh & Company Limited.

Brown & Brown, Inc. (NYSE:BRO) entered into an agreement to acquire Kentro Capital Limited

Brown & Brown, Inc. (NYSE:BRO) acquired substantially all of the assets from Brownlee Agency, Inc.

Upcoming dividend of US$0.12 per share at 0.7% yield

First quarter 2023 earnings released: EPS: US$0.84 (vs US$0.78 in 1Q 2022)

Vice Chairman recently bought €254k worth of stock

Full year 2022 earnings released: EPS: US$2.38 (vs US$2.08 in FY 2021)

Independent Director recently bought €184k worth of stock

Upcoming dividend of US$0.12 per share at 0.8% yield

Full year 2022 earnings released: EPS: US$2.42 (vs US$2.08 in FY 2021)

Brown & Brown, Inc. Announces Board Changes

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 15, 2023

Brown & Brown, Inc. to Report Fiscal Year 2022 Results on Jan 23, 2023

Insufficient new directors

Upcoming dividend of US$0.12 per share

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 16, 2022

Brown & Brown, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Brown & Brown, Inc. (NYSE:BRO) acquired BDB Limited.

Upcoming dividend of US$0.10 per share

Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.49 in 2Q 2021)

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on August 17, 2022

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Global Risk Partners Limited.

Brown & Brown, Inc. (NYSE:BRO) acquired General Insurance Operations of Patrick Quinlan Insurance Limited.

Brown & Brown, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Independent Director recently bought €93k worth of stock

Brown & Brown, Inc. Announces the Appointment of Kiet Tran as Chief Technology Officer

Independent Director recently bought €95k worth of stock

Upcoming dividend of US$0.10 per share

First quarter 2022 earnings released: EPS: US$0.78 (vs US$0.71 in 1Q 2021)

Insufficient new directors

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on May 18, 2022