BRO On Other Exchanges
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Berlin
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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, including Retail; National Programs; Wholesale Brokerage; and Services. Retail segment This segment provides a range of insurance products and services to commercial, public, and quasi-public entities, as well as to professional and individual customers. The categories of insurance that 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 services group and individual life, accident, disability, health, hospitalization, medical, dental and other ancillary insurance products. In connection with selling and marketing 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 segment This segment, which acts as a managing general agent (MGA), provides professional liability and related package products for certain professionals, a range of insurance products for individuals, flood coverage, and targeted products and services designated for specific industries, trade groups, governmental entities and market niches, all of which are delivered through nationwide networks of independent agents, including Brown & Brown retail agents. This segment could be grouped into five categories, such as Professional Programs; Arrowhead Insurance Programs; Commercial Programs; Public Entity-Related Programs; and the National Flood Program. Professional Programs Professional Programs provide professional liability and related package insurance products tailored to the needs of specific professional groups. Professional Programs negotiates policy forms and coverage options with their specific insurance carriers. 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 but not limited to, dentists, oral surgeons, hygienists, lawyers, CPAs, 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 includes supplementary insurance related products to include weddings, events, medical facilities and cyber liability. Healthcare Professionals: Allied Protector Plan (APP) 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 professional liability insurance solutions and risk management services to CPA practitioners and their firms nationwide. Optional coverage enhancements include Employment Practices Liability, Employee Dishonesty, Non-Profit Directors and Officers, as well as Network Security and Privacy Protection Coverage. Dentists: The Professional Protector Plan (PPP) for Dentists provides dental professionals insurance products, including professional and general liability, property, employment practices liability, workers’ compensation, claims and risk management. The PPP is offered in al

 

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Valuation BRO Industry Range
Price/Earnings 20.7x
Price/Sales 3.0x
Price/Book 2.3x
Price/Cash Flow 14.3x
TEV/Sales 2.1x
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