Company Quick10K Filing
Brown & Brown
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 275 $9,126
10-Q 2019-10-30 Quarter: 2019-09-30
10-Q 2019-07-30 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-05 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-24 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-06 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2019-10-28 Earnings, Exhibits
8-K 2019-07-22 Earnings, Exhibits
8-K 2019-05-01 Officers, Shareholder Vote, Exhibits
8-K 2019-04-22 Earnings, Exhibits
8-K 2019-03-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-03-04 Enter Agreement, Exhibits
8-K 2019-02-25 Officers
8-K 2019-01-28 Earnings, Exhibits
8-K 2018-12-18 Enter Agreement, Off-BS Arrangement, Officers
8-K 2018-11-15 Off-BS Arrangement, Sale of Shares, Officers, Regulation FD, Exhibits
8-K 2018-10-22 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-10-22 Earnings, Exhibits
8-K 2018-09-18 Regulation FD, Exhibits
8-K 2018-07-23 Earnings, Exhibits
8-K 2018-05-02 Shareholder Vote
8-K 2018-04-23 Earnings, Exhibits
8-K 2018-03-28 Amend Bylaw, Other Events, Exhibits
8-K 2018-02-26 Officers
8-K 2018-01-22 Earnings, Exhibits

Brown & Brown Financials

BRO Metrics, Comps, Filings

Annual | Quarterly

Business

Brown & Brown is a diversified insurance agency, wholesale brokerage, insurance programs and service organization with origins dating from 1939 and is headquartered in Daytona Beach, Florida. The Company markets and sells insurance products and services, primarily in the property, casualty and employee benefits areas. We provide our customers with quality, non-investment insurance contracts, as well as other targeted, customized risk management products and services. As an agent and broker, we do not assume underwriting risks with the exception of the activity in The Wright Insurance Group, LLC ("Wright"). Within Wright, we operate a write-your-own flood insurance carrier, Wright National Flood Insurance Company ("WNFIC"). WNFIC's entire business consists of policies written pursuant to the National Flood Insurance Program ("NFIP"), the program administered by the Federal Emergency Management Agency ("FEMA") and excess flood policies which are fully reinsured, thereby substantially eliminating WNFIC's exposure to underwriting risk, as these policies are backed by either FEMA or a reinsurance carrier with an AM Best Company rating of "A" or better.

As of December 31, 2018, our activities were conducted in 286 locations in 42 states as follows, as well as in England, Canada, Bermuda, and the Cayman Islands:

Copy History Florida46 Michigan5 Kentucky2California24 Connecticut5 New Hampshire2New York19 Colorado5 Rhode Island2Texas14 Wisconsin4 Utah2Georgia14 Virginia4 Kansas2Washington14 Indiana4 North Carolina1New Jersey13 Oklahoma4 Mississippi1Minnesota11 Arkansas4 Vermont1Pennsylvania11 Montana4 Delaware1Massachusetts10 Ohio4 Nevada1Louisiana9 South Carolina3 Maine1Oregon9 Maryland3 Iowa1Illinois7 New Mexico3 Arizona6 Tennessee3 Hawaii5 Missouri2


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Marsh & McLennan (MMC) 49,956 0% 19.8 5% 32,116 15,636 0 1,503 3,076 60,935
Aon (AON) 46,833 0% 16.3 7% 29,807 25,894 18,868 0 1,992 3,244 52,992
Fanhua (FANH) 27,469 0% 3,867 1,120 0 0 0 0 26,621
Willis Towers Watson (WLTW) 24,564 0% 12.6 3% 35,166 24,934 8,591 0 1,103 2,235 28,222
Arthur J Gallagher (AJG) 16,682 42% 20.7 4% 19,200 14,252 7,084 2,974 729 869 17,951
Fidelity National Financial (FNF) 10,933 0% 8.0 7% 10,189 4,893 6,392 0 757 1,272 10,178
AXA Equitable Holdings (EQH) 10,448 0% 3.9 1% 238,597 221,952 11,112 0 1,277 1,466 5,714
Brown & Brown (BRO) 9,126 0% 15.4 5% 7,165 3,984 2,234 0 386 662 10,175
First American Financial (FAF) 6,256 0% 5.8 5% 11,443 7,355 5,762 0 542 842 4,844
Argo Group (ARGO) 2,388 0% 13.3 1% 10,167 8,238 1,497 0 117 209 2,785
Ehealth (EHTH) 1,788 100% 151.4 1% 583 140 310 309 6 11 1,670
Corvel (CRVL) 1,543 21% 15.7 11% 428 224 595 127 48 91 1,439
Stewart Information Services (STC) 944 0% 8.1 3% 1,477 776 1,848 0 49 92 743
Goosehead Insurance (GSHD) 757 0% 40.2 30% 38 69 73 0 12 20 786
Investors Title (ITIC) 305 0% 8.7 9% 256 68 135 0 23 31 269
Health Insurance Innovations (HIIQ) 296 0% 12.0 2% 508 411 220 0 12 34 404
Argo Group International Holdings (ARGD)
BRP Group (BRP)
Erie Indemnity (ERIE) 0% -0.6 16% 1,890 826 2,430 0 306 405 -239

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash273286220203470443516251339
Accounts Receivable
Inventory
PP&E60617417485827677100
Assets2,4012,6073,1283,6504,9565,0135,2875,7486,689
Accounts Payable342249345764706487
Long-Term Debt2502514504806506241,074976499
Liabilities8949631,3211,6422,8432,8632,9273,1653,688
Stockholders' Equity1,5061,6441,8072,0072,1142,1502,3602,5833,001
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue9731,0141,2001,3631,5761,6611,7671,8812,014
Cost of Revenue
Gross Profit
R&D
SG&A
Tax104107121110118133143152118
Net Income162164184217207243257400344
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating296238220389385412375442568
Cash Investing-166-176-436-381-707-145-142-63-952
Cash Financing-54-48149-26589-294-161-337338