Last $32.14 USD
Change Today -0.22 / -0.68%
Volume 462.6K
BRO On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

brown & brown inc (BRO) Snapshot

Open
$32.30
Previous Close
$32.36
Day High
$32.34
Day Low
$32.05
52 Week High
09/2/14 - $33.46
52 Week Low
04/23/14 - $28.27
Market Cap
4.6B
Average Volume 10 Days
459.0K
EPS TTM
$1.66
Shares Outstanding
143.8M
EX-Date
02/2/15
P/E TM
19.3x
Dividend
$0.44
Dividend Yield
1.31%
Current Stock Chart for BROWN & BROWN INC (BRO)

brown & brown inc (BRO) Related Businessweek News

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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.

brown & brown inc (BRO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $565.0K
President of Retail Division
Total Annual Compensation: $680.8K
President of Wholesale Division
Total Annual Compensation: $478.7K
Executive Vice President
Total Annual Compensation: $585.0K
Compensation as of Fiscal Year 2013.

brown & brown inc (BRO) Key Developments

Brown & Brown Inc. Appoints B. Carl Owen as Chief Information Officer

Brown & Brown Inc. announced that it has hired B. Carl Owen to serve as the Company's Chief Information Officer. Mr. Owen joins the Company most recently from Sterne Agee Group Inc., where he served as its Chief Information Officer since 2009. Prior to joining Sterne Agee, Mr. Owen held positions with Wachovia, SouthTrust Bank, Harris Corporation, Westinghouse, and Boeing Aerospace. In his new role, Mr. Owen will report directly to Mr. Watts and will lead all facets of the Company's IT framework, including core infrastructure, corporate business systems, data and analytics, and vendor management.

Brown & Brown Inc. To Continue To Make Acquisitions

Powell Brown, President and Chief Executive Officer of Brown & Brown Inc. (NYSE:BRO), announced that the company sees lots of opportunities to continue to make acquisitions.

Brown & Brown Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Tax Rate Guidance for the Year 2015

Brown & Brown Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $393.1 million compared to $343.1 million for the same period a year ago. A large portion of this growth came from net acquisitions and disposables, the large component was the Wright acquisition. Income before income taxes was $38.7 million compared to $76.5 million for the same period a year ago. Net income was $24.6 million or $0.17 per diluted share compared to $47.3 million or $0.32 per diluted share for the same period a year ago. Adjusted earnings per share were $0.36 compared to $0.33 a year ago. Adjusted pretax income grew by 7.5%, even with the increased interest cost related to its credit facility and bonds. Adjusted EBITDAC for the quarter was $121.6 million compared to $104.3 million, a growth of 16.6%. And excluding Wright, EBITDAC growth was 8.5%. Adjusted net income for the period grew 10.4%. For year, the company reported total revenue of $1,575.8 million compared to $1,363.2 million for the same period a year ago. Income before income taxes was $339.9 million compared to $357.7 million for the same period a year ago. Net income was $207.0 million or $1.41 per diluted share compared to $217.2 million or $1.48 per diluted share for the same period a year ago. Adjusted earnings per share were $1.63 compared to $1.43 a year ago. The company announced that it expects effective tax rate for 2015 should be in the range of 39.4% to 39.5%. The company expects some uptick over 2014 due to growth and higher tax rate states and a couple of states consolidating all legal entities for tax purposes.

 

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Industry Analysis

BRO

Industry Average

Valuation BRO Industry Range
Price/Earnings 22.2x
Price/Sales 2.9x
Price/Book 2.2x
Price/Cash Flow 14.8x
TEV/Sales 1.9x
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