Last $30.28 USD
Change Today +0.01 / 0.03%
Volume 459.6K
BRO On Other Exchanges
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New York
Berlin
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

220 South Ridgewood Avenue

Daytona Beach, FL 32114

United States

Phone: 386-252-9601

Fax:

Brown & Brown, Inc. markets and sells insurance products and services, primarily in the property, casualty and employee benefits areas. Segments The company’s business is divided into four segments: the Retail Division; the National Programs Division; the Wholesale Brokerage Division; and the Services Division. Retail Division The Retail Division provides a range of insurance products and services to commercial, public entity, professional and individual customers. The categories of insurance the company principally sells include 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, commercial and private passenger automobile coverages; and fidelity and surety bonds. The company also sells and service group and individual life, accident, disability, health, hospitalization, medical and dental insurance. In connection with the selling and marketing of insurance coverages, the company provides a range of related services to its customers, such as risk management and loss control surveys and analysis, consultation in connection with placing insurance coverages and claims processing. National Programs Division The National Programs Division provides professional liability and related package products for certain professionals, and markets targeted products and services to specific industries, trade groups, public entities, and market places. The National Programs Division can be grouped into four categories: Professional Programs; Arrowhead Insurance Programs; Commercial Programs; and Public Entity-Related Programs: Professional Programs: Professional Programs provide professional liability and related package insurance products modified to the needs of specific professional groups. Professional Programs negotiates policy forms and coverage options with their specific insurance carrier. Securing endorsements of these products from a professional association or sponsoring company is also an integral part of their function. Professional Programs affiliate with professional groups, including dentists, oral surgeons, hygienists, lawyers, CPA’s, optometrists, opticians, ophthalmologists, insurance agents, financial advisors, registered representatives, securities broker-dealers, benefit administrators, real estate brokers, real estate title agents and escrow agents. In addition, Professional Programs encompasses supplementary insurance related products to include weddings, events, medical facilities and cyber liability. The Professional Protector Plan for Dentists and the Lawyer’s Protector Plan are marketed and sold primarily through a national network of independent agencies including certain of its retail offices; however, certain professional liability programs, CalSurance and TitlePac, are principally marketed and sold directly to its insured customers. Under its agency agreements with the insurance companies that underwrite these programs, the company often has authority to bind coverages (subject to established guidelines), to bill and collect premiums and, in some cases, to adjust claims. Allied Protector Plan (APP): Allied Protector Plan specializes in customized professional liability and business insurance programs for individual practitioners and businesses in the healthcare industry. The APP program offers liability insurance coverage for, among others, dental hygienists and dental assistants, home health agencies, physical therapy clinics, and medical directors. Also available through the APP program is cyber/data breach insurance offering a solution to privacy breaches and information security exposures tailored to the needs of healthcare organizations. Certified Public Accountants: The CPA Protector Plan is a specialty insurance program offering comprehensive professional liability insurance solutions and risk management services to CPA practitioners and their firms nationwide. Optional coverage enhancements allow insureds to round out their policy and coverage needs, including Employment Practices Liability, Em

 

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Industry Analysis

BRO

Industry Average

Valuation BRO Industry Range
Price/Earnings 21.2x
Price/Sales 3.1x
Price/Book 2.1x
Price/Cash Flow 14.8x
TEV/Sales 2.6x
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