Brown & Brown Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 12.85
Dividend & Yield0.46$ (0.82%)
Beta 0.74
Market capitalization 16.14B
Operating cash flow 881.4M
ESG Scores 21.4

Company description

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

Sector: Financial Services - Industry: Insurance Brokers

Financial Ratios
Quick Ratio1.25
Working Capital0.89
Return On Equity0.14
Debt To Equity0.47
Fixed Asset Ratio0.15
Fixed Interest Cover13.2

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 194.56M 123.2M 69M 144.4M
Total Cashflows From Investing Activities -413.58M -759.1M -396.8M -1.91B
Net Borrowings 50M 545M -73.1M 1.94B
Total Cash From Financing Activities -79.22M 355M -210.1M 1.73B
Change To Operating Activities -13.88M -106.7M -28.9M 668.5M
Issuance Of Stock 25M 30.1M 34M 37.6M
Net Income 398.51M 480.5M 587.1M 671.8M
Change In Cash 185.38M 308.9M 198.3M 563M
Effect Of Exchange Rate -3.6M -3.6M -3.6M -131.2M
Total Cash From Operating Activities 678.18M 713M 808.8M 881.4M
Depreciation 128.72M 134.8M 152.9M 185.8M
Change To Account Receivables -79.89M 13M -81.5M -828.8M
Other Cashflows From Financing Activities 6.73M -23.1M 68.6M -8.5M
Change To Netincome 48.1M 65.9M 107.4M 35.9M
Capital Expenditures -73.11M -70.7M -45M -52.6M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 525.93M 624.1M 762.8M 876.1M
Net Income 398.51M 480.5M 587.1M 671.8M
Selling General Administrative
Gross Profit 1.08B 1.17B 1.41B 1.75B
Ebit 572.42M 673.4M 857.5M 967.4M
Operating Income 572.42M 673.4M 857.5M 967.4M
Interest Expense -63.66M -59M -65M -141.2M
Income Tax Expense 127.42M 143.6M 175.7M 204.3M
Total Revenue 2.39B 2.61B 3.05B 3.57B
Cost Of Revenue 1.31B 1.44B 1.64B 1.82B
Total Other Income ExpenseNet -46.49M -49.3M -94.7M -91.3M
Net Income From Continuing Ops 398.51M 480.5M 587.1M 671.8M
Net Income Applicable To Common Shares 398.51M 465.3M 574.2M 659.1M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 4.27B 5.21B 5.6B 9.37B
Total Stockholder Equity 3.35B 3.75B 4.2B 4.61B
Other Current Liabilities 609.53M 628.94M 2.05B 3.67B
Total Assets 7.62B 8.97B 9.8B 13.97B
Common Stock 29.71M 29.97M 30.1M 30.3M
Other Current Assets 572.94M 602.19M 952.6M 1.59B
Retained Earnings 3.14B 3.52B 4B 4.55B
Treasury Stock -536.24M -591.34M -683.3M -896.4M
Cash 542.17M 817.4M 693.2M 650M
Total Current Liabilities 2.05B 2.35B 2.67B 4.6B
Other Stockholder Equity -9.4M -148.4M
Property, Plant, and Equipment 332.92M 388.11M 409M 454.8M
Total Current Assets 2.49B 2.96B 3.33B 5B
Net Tangible Assets -1.31B -1.69B -1.62B -3.66B
Net Receivables 1B 1.14B 1.28B 2.36B
Accounts Payable 1.11B 1.39B 242.7M 286.5M


Insider Transactions

Here are the insider transactions of stock shares related to Brown & Brown Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
WALKER CHRIS LEEStock Award(Grant) at price 0.00 per share.D2023-02-20Officer17.63k
PENNY JEROME SCOTTStock Award(Grant) at price 0.00 per share.D2023-02-20Officer17.63k
BROWN JAMES POWELLStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Executive Officer105.77k
WATTS R ANDREWStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Financial Officer25.98k
BROWN P BARRETTStock Award(Grant) at price 0.00 per share.D2023-02-20Officer17.63k
BOYD STEPHEN M.Stock Award(Grant) at price 0.00 per share.D2023-02-20Officer12.56k
TURPIN JULIEStock Award(Grant) at price 0.00 per share.D2023-02-20Officer10.51k
NESTER KENNETH GRAY IIStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Technology Officer7.14k
GELLERSTEDT LAWRENCE L IIIPurchase at price 57.92 per share.D2023-02-10Director3.4k
BROWN JAMES POWELLStock Gift at price 0.00 per share.D/I2022-12-30Chief Executive Officer184.35k
BROWN P BARRETTStock Gift at price 0.00 per share.I2022-12-30Officer182.67k
WATTS R ANDREWStock Gift at price 0.00 per share.D2022-12-29Chief Financial Officer3.31k
HUNT JAMES SStock Gift at price 0.00 per share.D2022-11-08Director1k
HUNT JAMES SPurchase at price 55.78 per share.D2022-11-07Director77
HOEPNER THEODORE J JRStock Gift at price 0.00 per share.D2022-11-04Director5k
LLOYD ROBERT WSale at price 65.48 per share.D2022-08-08General Counsel10.13k
GELLERSTEDT LAWRENCE L IIIPurchase at price 54.95 per share.D2022-05-19Director1.8k
BROWN HUGH MPurchase at price 59.66 - 60.92 per share.D/I2022-05-05Director1.31k
HAYS JAMES CHARLESPurchase at price 58.90 per share.D2022-05-05Director10k
GELLERSTEDT LAWRENCE L IIIPurchase at price 58.90 per share.D2022-05-05Director1.69k
HOEPNER THEODORE J JRStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
REILLY WENDELL SStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
PROCTOR H PALMER JRStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
JENNINGS TONIStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
BROWN HUGH MStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
VARNER CHILTON DStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
MAIN TIMOTHY R MStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
HUNT JAMES SStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
GELLERSTEDT LAWRENCE L IIIStock Award(Grant) at price 0.00 per share.D2022-05-04Director1.67k
GELLERSTEDT LAWRENCE L IIIPurchase at price 59.99 per share.D2022-05-03Director1.67k
WALKER CHRIS LEEStock Award(Grant) at price 0.00 per share.D2022-02-21Officer24.76k
PENNY JEROME SCOTTStock Award(Grant) at price 0.00 per share.D2022-02-21Officer24.76k
BROWN JAMES POWELLStock Award(Grant) at price 0.00 per share.D2022-02-21Chief Executive Officer113k
LLOYD ROBERT WStock Award(Grant) at price 0.00 per share.D2022-02-21General Counsel22.22k
WATTS R ANDREWStock Award(Grant) at price 0.00 per share.D2022-02-21Chief Financial Officer33.14k
BROWN P BARRETTStock Award(Grant) at price 0.00 per share.D2022-02-21Officer17.14k
BOYD STEPHEN M.Stock Award(Grant) at price 0.00 per share.D2022-02-21Officer11.68k
TURPIN JULIEStock Award(Grant) at price 0.00 per share.D2022-02-21Officer7.23k
NESTER KENNETH GRAY IIStock Award(Grant) at price 0.00 per share.D2022-02-21Officer1.13k
PROCTOR H PALMER JRPurchase at price 61.53 per share.D2022-01-27Director2k
WALKER CHRIS LEEStock Award(Grant) at price 0.00 per share.D2021-12-31Officer28.46k
BROWN J. HYATTStock Gift at price 0.00 per share.D/I2021-12-31Chairman of the Board2.42M
PENNY JEROME SCOTTStock Award(Grant) at price 0.00 per share.D2021-12-31Officer28.46k
BROWN JAMES POWELLStock Gift at price 0.00 per share.I2021-12-31Chief Executive Officer15.45k
LLOYD ROBERT WStock Award(Grant) at price 0.00 per share.D2021-12-31General Counsel14.23k
WATTS R ANDREWStock Award(Grant) at price 0.00 per share.D2021-12-31Chief Financial Officer28.46k
BROWN P BARRETTStock Award(Grant) at price 0.00 per share.D2021-12-31Officer28.46k
BROWN P BARRETTStock Gift at price 0.00 per share.I2021-12-31Officer15.45k
BOYD STEPHEN M.Stock Award(Grant) at price 0.00 per share.D2021-12-31Officer28.46k
TURPIN JULIEStock Award(Grant) at price 0.00 per share.D2021-12-31Officer14.23k
NESTER KENNETH GRAY IIStock Award(Grant) at price 0.00 per share.D2021-12-31Chief Technology Officer14.23k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Brown & Brown Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Brown & Brown Inc

Here is the result of two systematic investment strategies applied to Brown & Brown Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Brown & Brown Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Brown & Brown Inc:

Brown & Brown Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 60.2% on the backtest period.

Performance at glance

Performance

60.2 %

Latent gain

1331.85 $

Invested capital

2212.25 $

Annualized return

14.54 %
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Momentum strategy results on Brown & Brown Inc

This is the result of two momentum investment strategies applied to Brown & Brown Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Brown & Brown Inc

The following chart shows all the entries opened by the momentum investment system on Brown & Brown Inc:

Brown & Brown Inc momentum entries
  • The first momentum investment strategy would give 65.25% of return on Brown & Brown Inc. That represents 3808.33$ of latent gain with 5836.27$ of employed capital.
  • The second momentum investment strategy would give 57.79% of return on Brown & Brown Inc. That represents 1851.25$ of latent gain with 3203.45$ of employed capital.
Performance at glance (1Q Momentum)

Performance

65.25 %

Latent gain

3808.33 $

Invested capital

5836.27 $

Annualized return

15.07 %
Performance at glance (2Q Momentum)

Performance

57.79 %

Latent gain

1851.25 $

Invested capital

3203.45 $

Annualized return

15.79 %

Momentum equity curve on Brown & Brown Inc

The following chart shows the equity curve of the two momentum strategies applied to Brown & Brown Inc:

Brown & Brown Inc momentum equity

Note: the dividends potentially given by Brown & Brown Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Brown & Brown Inc

The following chart shows the employed capital evolution of the two momentum strategies on Brown & Brown Inc since the beginning:

Brown & Brown Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Brown & Brown Inc

Buy the dip entry openings on Brown & Brown Inc

Brown & Brown Inc

The performance achieved by the robo-advisor on Brown & Brown Inc is 32.26%. That represents 170.04$ of latent gain with 527.16$ of employed capital. The following chart shows Brown & Brown Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Brown & Brown Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

32.26 %

Latent gain

170.04 $

Invested capital

527.16 $

Annualized return

15.07 %

Equity curve of the strategy applied to Brown & Brown Inc

The following chart shows the result of the investment strategy applied to Brown & Brown Inc:

Brown & Brown Inc

Note: the dividends potentially given by Brown & Brown Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Brown & Brown Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Brown & Brown Inc:

Brown & Brown Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Brown & Brown Inc

In this section, I will compare the three previous investment strategies applied to Brown & Brown Inc.

Equity curve comparison on Brown & Brown Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Brown & Brown Inc investment strategy comparison

Employed capital comparison on Brown & Brown Inc

Brown & Brown Inc investment comparison

Performance comparison on Brown & Brown Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 60.2% 1331.85$ 2212.25$ 14.54%
Momentum 1 quarter 65.25% 3808.33$ 5836.27$ 16.73%
Momentum 2 quarters 57.79% 1851.25$ 3203.45$ 15.79%
Non-directional 32.26% 170.04$ 527.16$ 15.07%
Annualized return comparison

Automatic investment

14.54 %

Momentum 1Q

15.79 %

Momentum 2Q

15.79 %

Non-directional

15.07 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Brown & Brown Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • TAIHE M-FIN

  • Note: The algorithm computes the probability of correlation between Brown & Brown Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Brown & Brown Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Brown & Brown Inc
    Country United States
    City Daytona Beach
    Address 300 North Beach Street
    Phone 386 252 9601
    Website www.bbinsurance.com
    FullTime employees 15201
    Industry Insurance Brokers
    Sector Financial Services
    Exchange XNYS
    Ticker BRO
    Market www.nyse.com

    Brown & Brown Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0.2
    Peer Environment Performance 1.4947826086957
    Environment Percentile unknown
    Palm Oil no
    Nuclear no
    Fur Leather no
    GMO no
    Coal no
    Pesticides no
    Animal Testing no

    Social scores

    Social ESG Factors Scores
    Social Score 10.6
    Peer Social Performance 9.1723188405797
    Social Percentile unknown
    Highest Controversy 1
    Peer Highest Controversy Performance 1.3611111111111
    Adult no
    Gambling no
    Alcoholic no
    Tobacco no
    Catholic no
    Controversial Weapons no
    Small Arms no
    Military Contract no
    Peer Count yes

    Related Controversy: Employee Incidents


    Governance scores

    Governance ESG Factors Scores
    Governance Score 10.7
    Peer Governance Performance 10.791884057971
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: 21.4
    Environment Score: 0.2
    Social Score: 10.6
    Governance Score: 10.7

    ESG Performance: AVG_PERF

    Peer Group: Insurance

    Peer Esg Score Performance: 21.887638888889

    Rating Year: 2023

    Rating Month: 1

    Max Age: 86400

    Percentile: 31