Brown & Brown, Inc.
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Brown & Brown, Inc. - overview
Established
1939
Location
Daytona Beach, FL-Florida, US
Primary Industry
Insurance
About
Based in the US, Brown & Brown, Inc. is a brokerage firm specializing in insurance and risk management solutions for diverse clients, ranging from individuals to large multinational enterprises. Brown & Brown, Inc. is a brokerage firm that specializes in providing insurance services.
Founded in 1939 in Daytona Beach, US by Hyeon Kim and Joel Kansanback, the company has grown to include various executives, including CEO Chris Judd. The firm operates multiple global offices to better serve its clientele. Brown & Brown offers a comprehensive array of insurance and risk management solutions. Their services include property and casualty insurance, employee benefits, cyber risk management, and specialized insurance for unique client needs.
The firm serves a variety of sectors such as healthcare, finance, construction, and transportation across markets in the US, Canada, the UK, and parts of Europe. In 2024, Brown & Brown reported a revenue of USD 4. 81 bn and an EBITDA of USD 1. 72 bn.
The company engages in B2B partnerships, providing tailored insurance solutions, with clients typically entering into service agreements that address specific risk management needs.
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries
Website
www.bbinsurance.com
Total Amount Raised
Subscriber access only
Brown & Brown, Inc. - timeline of key events
Brown & Brown, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,567,460,000 | 1,656,951,000 | 1,762,787,000 | 1,857,270,000 | 2,009,857,000 | 2,384,737,000 | 2,606,108,000 | 3,047,522,000 | 3,563,200,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.7% | 6.4% | 5.4% | 8.2% | 18.7% | 9.3% | 16.9% | 16.9% | - | - | - |
| EBITDA (USD) | 472,039,000 | 550,275,000 | 572,408,000 | 598,022,000 | 614,047,000 | 720,358,000 | 820,190,000 | 983,545,000 | 1,207,100,000 | - | - | - |
| Operating Income (USD) | 368,157,000 | 441,807,000 | 462,980,000 | 488,038,000 | 503,042,000 | 589,589,000 | 683,072,000 | 827,804,000 | 1,017,300,000 | - | - | - |
| Operating Margin | 23.5% | 26.7% | 26.3% | 26.3% | 25.0% | 24.7% | 26.2% | 27.2% | 28.6% | - | - | - |
| % EBITDA Margin | 30.1% | 33.2% | 32.5% | 32.2% | 30.6% | 30.2% | 31.5% | 32.3% | 33.9% | - | - | - |
| NET Income (USD) | 206,896,000 | 243,318,000 | 257,491,000 | 399,630,000 | 344,255,000 | 398,514,000 | 480,483,000 | 587,104,000 | 671,800,000 | - | - | - |
| % Net Margin | 13.2% | 14.7% | 14.6% | 21.5% | 17.1% | 16.7% | 18.4% | 19.3% | 18.9% | - | - | - |
Brown & Brown, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Accession Risk Management Group | - | ||||||||
| Trade Sale | Completed | Quintes Holding B.V. | - | ||||||||
| Trade Sale | Completed | Automotive Business Solutions, Inc. | - | ||||||||
| Trade Sale | Completed | Global Risk Partners Limited | - | ||||||||
| Trade Sale | Completed | Orchid Underwriters Agency, LLC | - |
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Brown & Brown, Inc. - employee data
Brown & Brown, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM |
BM Board Member
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