Brown & Brown, Inc. markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands.
No risks detected for BRO from our risk checks.
Acceptable track record with concerning outlook.
Share Price & News
How has Brown & Brown's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BRO exceeded the US Insurance industry which returned 16.3% over the past year.
Return vs Market: BRO exceeded the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Brown & Brown's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StWhere Brown & Brown, Inc. (NYSE:BRO) Stands In Terms Of Earnings Growth Against Its Industry
2 weeks ago | Simply Wall StWith EPS Growth And More, Brown & Brown (NYSE:BRO) Is Interesting
1 month ago | Simply Wall StHere's What Brown & Brown, Inc.'s (NYSE:BRO) P/E Is Telling Us
Is Brown & Brown undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRO ($48.36) is trading above our estimate of fair value ($37.8)
Significantly Below Fair Value: BRO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRO is poor value based on its PE Ratio (34.1x) compared to the Insurance industry average (13.4x).
PE vs Market: BRO is poor value based on its PE Ratio (34.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BRO is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: BRO is overvalued based on its PB Ratio (4.1x) compared to the US Insurance industry average (1.1x).
How is Brown & Brown forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRO's forecast earnings growth (8.3% per year) is above the savings rate (1.7%).
Earnings vs Market: BRO's earnings (8.3% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: BRO's earnings are forecast to grow, but not significantly.
Revenue vs Market: BRO's revenue (7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BRO's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BRO's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Brown & Brown performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRO has high quality earnings.
Growing Profit Margin: BRO's current net profit margins (16.7%) are lower than last year (17.1%).
Past Earnings Growth Analysis
Earnings Trend: BRO's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: BRO's earnings growth over the past year (15.8%) exceeds its 5-year average (15.4% per year).
Earnings vs Industry: BRO earnings growth over the past year (15.8%) underperformed the Insurance industry 32.1%.
Return on Equity
High ROE: BRO's Return on Equity (11.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Brown & Brown's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BRO has a low level of unsold assets or inventory.
Debt Coverage by Assets: BRO's debt is covered by short term assets (assets are 1.6x debt).
Financial Institutions Analysis
Asset Level: BRO's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BRO has a sufficient allowance for bad loans.
Low Risk Liabilities: BRO reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BRO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BRO has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BRO has an appropriate level of bad loans.
What is Brown & Brown's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BRO's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BRO's dividend (0.7%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: BRO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: BRO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BRO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
J. Brown (51yo)
Mr. J. Powell Brown, CPCU, has been the Chief Executive Officer of Brown & Brown Inc. since July 1, 2009 and has been its President since January 2007. Mr. Brown is responsible for all the operations of Br ...
CEO Compensation Analysis
Compensation vs Market: J.'s total compensation ($USD4.19M) is below average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
|CEO, President & Director||10.6yrs||US$4.19m||1.1% $149.5m|
|Executive VP||5.9yrs||US$1.67m||0.058% $7.9m|
|Executive VP & Chief Acquisitions Officer||18.1yrs||US$1.71m||0.24% $32.2m|
|Executive VP & President of Wholesale Brokerage Division||6.1yrs||US$1.89m||0.099% $13.5m|
|Executive VP & President of National Programs Division||0yrs||US$1.81m||0.058% $7.9m|
|Executive VP||11.1yrs||no data||0.042% $5.7m|
|Director of Communications||0yrs||no data||no data|
|Executive VP & Chief People Officer||3.1yrs||no data||0.0015% $208.4k|
|Senior VP of Internal Operations||5.4yrs||no data||no data|
|Senior Vice President||11.1yrs||no data||no data|
Experienced Management: BRO's management team is seasoned and experienced (8.3 years average tenure).
|CEO, President & Director||10.6yrs||US$4.19m||1.1% $149.5m|
|Chairman of the Board||26.1yrs||US$208.85k||14.56% $2.0b|
|Independent Director||26.1yrs||US$149.98k||0.039% $5.3m|
|Independent Director||25.1yrs||US$149.98k||0.18% $23.9m|
|Independent Director||27.1yrs||US$149.98k||0.026% $3.6m|
|Independent Director||13.1yrs||US$159.98k||0.016% $2.2m|
|Independent Director||15.9yrs||US$149.98k||0.016% $2.1m|
|Lead Independent Director||0yrs||US$155.98k||0.011% $1.5m|
|Vice Chairman||1.3yrs||US$139.20k||0.12% $16.3m|
|Independent Director||6.8yrs||US$159.98k||0.0057% $770.9k|
Experienced Board: BRO's board of directors are seasoned and experienced ( 15.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Brown & Brown, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Brown & Brown, Inc.
- Ticker: BRO
- Exchange: NYSE
- Founded: 1939
- Industry: Insurance Brokers
- Sector: Insurance
- Market Cap: US$13.621b
- Shares outstanding: 281.66m
- Website: https://www.bbinsurance.com
Number of Employees
- Brown & Brown, Inc.
- 220 South Ridgewood Avenue
- Daytona Beach
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BRO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1975|
|BTW||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1975|
Brown & Brown, Inc. markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers’ compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, 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 dentists, oral surgeons, hygienists, lawyers, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate title agents, and escrow agents, 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. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:29|
|End of Day Share Price||2020/02/21 00:00|
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.