Brown & Brown, Inc.
name
Brown & Brown, Inc.
id
BRO
summary
Brown & Brown, Inc. (Brown & Brown Insurance) is an insurance brokerage firm, specializing in risk management. Headquartered in Daytona Beach, Florida, Brown & Brown has 450+ locations worldwide. In 2021, the company ranked as the fifth largest independent insurance brokerage in the U.S. and sixth largest in the world by Business Insurance magazine. Founded in 1939 by J. Adrian Brown, the company expanded under the leadership of J. Hyatt Brown from a small local, family-owned insurance agency to one of the nation's largest insurance brokerages. Recent acquisitions include Orchid Underwriters Agency, CrossCover Insurance Services, Profits Creation, and Global Risk Partners, with an agreement to acquire Caton-Hosey Insurance announced in December 2023.
industry
Property & casualty insurance
founded
1939
headquarters
Daytona Beach, Florida, U.S.
key_people
J. Powell Brown (Director, President, & CEO), R. Andrew Watts (Executive Vice President & CFO)
revenue
US$3.051 billion (2021)
net_income
US$587.1 million (2021)
total_assets
US$9.79 billion (2021)
total_equity
US$4.19 billion (2021)
number_of_employees
14,500 (2021)
website
bbinsurance.com