Brown & Brown, Inc.

NYSE:BRO Stock Report

Market Cap: US$29.4b

Brown & Brown Management

Management criteria checks 3/4

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 $561.99M. 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 percentage10.2%
CEO tenure17.9yrs
CEO ownership1.9%
Management average tenure4.9yrs
Board average tenure15.7yrs

Recent management updates

Why We Think The CEO Of Brown & Brown, Inc. (NYSE:BRO) May Soon See A Pay Rise

May 02
Why We Think The CEO Of Brown & Brown, Inc. (NYSE:BRO) May Soon See A Pay Rise

Recent updates

Brown & Brown's Price Is Up, But Value Isn't Much Different

Nov 05

Results: Brown & Brown, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 01
Results: Brown & Brown, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Some Shareholders Feeling Restless Over Brown & Brown, Inc.'s (NYSE:BRO) P/E Ratio

Oct 14
Some Shareholders Feeling Restless Over Brown & Brown, Inc.'s (NYSE:BRO) P/E Ratio

With EPS Growth And More, Brown & Brown (NYSE:BRO) Makes An Interesting Case

Sep 23
With EPS Growth And More, Brown & Brown (NYSE:BRO) Makes An Interesting Case

Brown & Brown Q2: Strong Insurance Premium Growth Continues

Aug 19

Results: Brown & Brown, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Jul 24
Results: Brown & Brown, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Brown & Brown, Inc.'s (NYSE:BRO) Shareholders Might Be Looking For Exit

Jul 14
Brown & Brown, Inc.'s (NYSE:BRO) Shareholders Might Be Looking For Exit

Brown & Brown: Trading Near Fair Value, Hold But The Upside Is Limited (Technical Analysis)

Jul 02

Here's Why Brown & Brown (NYSE:BRO) Has Caught The Eye Of Investors

Jun 08
Here's Why Brown & Brown (NYSE:BRO) Has Caught The Eye Of Investors

Why We Think The CEO Of Brown & Brown, Inc. (NYSE:BRO) May Soon See A Pay Rise

May 02
Why We Think The CEO Of Brown & Brown, Inc. (NYSE:BRO) May Soon See A Pay Rise

Brown & Brown, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Apr 27
Brown & Brown, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Brown & Brown Insurance: A Fairly Priced Super-Compounder

Apr 12

Some Shareholders Feeling Restless Over Brown & Brown, Inc.'s (NYSE:BRO) P/E Ratio

Apr 04
Some Shareholders Feeling Restless Over Brown & Brown, Inc.'s (NYSE:BRO) P/E Ratio

Madison Investments - Brown & Brown: A Recession-Resistant Investment

Feb 11

Brown & Brown: Premium Rate Increases Boosting Revenue Growth; Initiate With 'Strong Buy'

Jan 27

Here's Why Brown & Brown (NYSE:BRO) Has Caught The Eye Of Investors

Jan 09
Here's Why Brown & Brown (NYSE:BRO) Has Caught The Eye Of Investors

Brown & Brown: Its Debt Maturity Profile Tells Us To Hold

Dec 06

Brown & Brown: A Compelling Investment Opportunity

Sep 18

Brown & Brown: Continued Acquisition-Fueled Growth

Jun 29

Brown & Brown Underwhelms Though Insurance Pricing Remains Healthy

Jan 25

Brown & Brown declares $0.115 dividend

Jan 18

Brown & Brown Dealer Services acquires Finance Builders

Nov 08

Brown & Brown raises dividend by 12% to $0.115/share

Oct 19

Brown & Brown's subsidiary acquires assets of VistaNational Insurance

Sep 13

CEO Compensation Analysis

How has J. Brown's remuneration changed compared to Brown & Brown's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$1b

Jun 30 2024n/an/a

US$982m

Mar 31 2024n/an/a

US$914m

Dec 31 2023US$10mUS$1m

US$857m

Sep 30 2023n/an/a

US$736m

Jun 30 2023n/an/a

US$720m

Mar 31 2023n/an/a

US$675m

Dec 31 2022US$7mUS$1m

US$659m

Sep 30 2022n/an/a

US$616m

Jun 30 2022n/an/a

US$602m

Mar 31 2022n/an/a

US$595m

Dec 31 2021US$9mUS$1m

US$574m

Sep 30 2021n/an/a

US$572m

Jun 30 2021n/an/a

US$562m

Mar 31 2021n/an/a

US$523m

Dec 31 2020US$7mUS$1m

US$465m

Sep 30 2020n/an/a

US$460m

Jun 30 2020n/an/a

US$441m

Mar 31 2020n/an/a

US$437m

Dec 31 2019US$5mUS$1m

US$399m

Sep 30 2019n/an/a

US$395m

Jun 30 2019n/an/a

US$386m

Mar 31 2019n/an/a

US$367m

Dec 31 2018US$4mUS$1m

US$344m

Sep 30 2018n/an/a

US$458m

Jun 30 2018n/an/a

US$428m

Mar 31 2018n/an/a

US$420m

Dec 31 2017US$5mUS$1m

US$400m

Compensation vs Market: J.'s total compensation ($USD9.79M) is about average for companies of similar size in the US market ($USD12.85M).

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

NamePositionTenureCompensationOwnership
J. Brown
CEO, President & Director17.9yrsUS$9.79m1.91%
$ 562.0m
R. Watts
Executive VP10.8yrsUS$3.27m0.065%
$ 19.1m
J. Penny
Executive VP & Chief Acquisitions Officer13.9yrsUS$2.93m0.24%
$ 71.7m
Chris Walker
Executive VP & President of Programs Segment10.9yrsUS$3.45m0.072%
$ 21.2m
P. Brown
Executive VP & President of Retail Segment4.9yrsUS$3.44m0.50%
$ 146.6m
Kiet Tran
Chief Technology Officer2.6yrsno datano data
Kenneth Nester
Executive VP & Chief Information Officer3.8yrsno data0.015%
$ 4.4m
C. Mathis
Senior VP & Chief Legal Officer1.7yrsno datano data
Jenny Goco
Director of Communicationsno datano datano data
Julie Turpin
Executive VP & Chief People Officer4.8yrsno data0.024%
$ 7.0m
Richard Knudson
Senior Vice President of Retail Segmentno datano datano data
H. Stoll
Senior VP & Director of Acquisitionsno datano datano data

4.9yrs

Average Tenure

55yo

Average Age

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

Board Members

NamePositionTenureCompensationOwnership
J. Brown
CEO, President & Director17.2yrsUS$9.79m1.91%
$ 562.0m
Jaymin Patel
Independent Director1.9yrsUS$217.47k0.0011%
$ 335.4k
J. Brown
Chairman of the Board31.9yrsUS$218.03k13.31%
$ 3.9b
Theodore Hoepner
Independent Director30.9yrsUS$217.47k0.041%
$ 12.2m
H. Proctor
Lead Independent Director12.2yrsUS$247.47k0.016%
$ 4.6m
Lawrence Gellerstedt
Independent Director6yrsUS$237.47k0.0068%
$ 2.0m
Toni Jennings
Independent Director17.9yrsUS$217.47k0.019%
$ 5.6m
Paul Krump
Independent Director1.5yrsUS$50.00k0.00049%
$ 144.2k
Chilton Varner
Independent Director20.9yrsUS$217.47k0.020%
$ 6.0m
Wendell Reilly
Independent Director17.2yrsUS$217.47k0.082%
$ 24.1m
Timothy R. Main
Independent Director14.2yrsUS$237.47k0.011%
$ 3.3m
James Hunt
Independent Director11.6yrsUS$237.47k0.0082%
$ 2.4m

15.7yrs

Average Tenure

67.5yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 07:19
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jay GelbBarclays
Alex ScottBarclays
Michael ZaremskiBMO Capital Markets Equity Research