Last $31.13 USD
Change Today -0.47 / -1.49%
Volume 900.8K
BRO On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

brown & brown inc (BRO) Snapshot

Open
$31.55
Previous Close
$31.60
Day High
$31.64
Day Low
$31.10
52 Week High
08/8/13 - $34.10
52 Week Low
12/12/13 - $27.76
Market Cap
4.5B
Average Volume 10 Days
1.1M
EPS TTM
$1.51
Shares Outstanding
145.0M
EX-Date
08/6/14
P/E TM
20.6x
Dividend
$0.40
Dividend Yield
1.25%
Current Stock Chart for BROWN & BROWN INC (BRO)

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brown & brown inc (BRO) Details

Brown & Brown, Inc. markets and sells insurance products and services in the United States. Its Retail division provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. This division offers property insurance relating to physical damage to property, and resultant interruption of business or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, workers’ compensation, and commercial and private passenger automobile coverage; fidelity and surety bonds; group and individual life, accident, disability, health, hospitalization, medical, and dental insurance, as well as provides risk management and loss control surveys and analysis, consultation, and claims processing services. The company’s National Programs division offers professional liability and related package insurance products for dentists, oral surgeons, hygienists, lawyers, CPA’s, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate brokers and title agents, and escrow agents; and arrowhead insurance, commercial, and public entity-related programs. Its Wholesale Brokerage division markets and sells excess and surplus commercial insurance products and services to retail insurance agencies; and reinsurance products and services to insurance companies. The company’s Services division offers third-party claims administration and consulting for the workers’ compensation insurance market, comprehensive medical utilization management services, Medicare secondary payer statute compliance-related services, social security disability and Medicare benefits advocacy services, and catastrophe claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

6,992 Employees
Last Reported Date: 02/28/14
Founded in 1939

brown & brown inc (BRO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $565.0K
Chief Operating Officer and Regional Presiden...
Total Annual Compensation: $585.0K
President of Retail Division
Total Annual Compensation: $680.8K
Regional President
Total Annual Compensation: $478.7K
President of National Programs Division
Total Annual Compensation: $438.5K
Compensation as of Fiscal Year 2013.

brown & brown inc (BRO) Key Developments

Brown & Brown Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Quarterly Interest Expense Guidance

Brown & Brown Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $397.8 million compared to $325.7 million for the same period a year ago. Income before income tax provision was $101.8 million compared to $86.1 million for the same period a year ago. Net income was $61.8 million or $0.42 per diluted share compared to $51.9 million or $0.36 per diluted share for the same period a year ago. EBITDA - as reported was $134.7 million compared to $110.6 million a year ago. EBITDAC - pro forma was $120.8 million compared to $109.5 million a year ago. Earnings per share - pro forma was $0.38 compared to $0.35 a year ago. For six months, the company reported total revenue of $761.4 million compared to $660.7 million for the same period a year ago. Income before income tax provision was $188.6 million compared to $185.6 million for the same period a year ago. Net income was $114.2 million or $0.78 per diluted share compared to $112 million or $0.77 per diluted share for the same period a year ago. The company expects its interest expense should be about $6.5 million to $7 million on a quarterly basis.

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on August 13, 2014

Brown & Brown Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.10 per share. The dividend is payable on August 13, 2014 to shareholders of record on August 8, 2014.

Brown & Brown, Inc. Announces Appointment of Chris Walker as National Programs Division President

Brown & Brown Inc. announced the appointment of Chris Walker as Programs Division President effective July 1, 2014. Since January 31, 2012, Mr. Walker has served as Regional Executive Vice President of Brown & Brown and has overseen the operation of Arrowhead General Insurance Agency. Mr. Walker will continue to oversee the Arrowhead operations along with all other operations within the National Programs Division of Brown & Brown. He will report to J. Powell Brown, the Company's President and Chief Executive Officer.

 

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Industry Analysis

BRO

Industry Average

Valuation BRO Industry Range
Price/Earnings 21.1x
Price/Sales 3.1x
Price/Book 2.2x
Price/Cash Flow 14.6x
TEV/Sales 2.1x
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