Brown & Brown, Inc.

Brown & Brown, Inc. is a global insurance brokerage firm that markets and sells insurance products and services. Its business is organized into two main segments: Retail and Specialty Distribution. The Retail segment offers property and casualty insurance, employee benefits, personal insurance, and specialty insurance products, along with risk management, loss control, consulting, and claims processing services. It also provides non-insurance services through automobile and recreational vehicle dealer services. The Specialty Distribution segment includes wholesale brokerage and specialty businesses, offering professional liability and related package insurance for professions like dentistry, legal, eyecare, and financial services, as well as supplementary insurance for weddings, events, medical facilities, and cyber liabilities. It also operates program businesses under the Arrowhead Programs name.

Brown & Brown is listed on the New York Stock Exchange (NYSE) under the ticker symbol BRO. Its financials are reported in US Dollars (USD), reflecting its primary operations in the United States. The company is headquartered in Daytona Beach, Florida, and its shares trade in USD on the NYSE, a major US stock exchange.

Brown & Brown operates in the Financial Services sector and specifically within the Insurance Brokers industry. As an insurance broker, the company acts as an intermediary between clients and insurance carriers, helping businesses and individuals find and purchase insurance policies. It does not underwrite insurance itself but earns commissions and fees for its brokerage and consulting services. The industry is highly regulated and competitive, with Brown & Brown being one of the larger players in the US insurance brokerage space.

Brown & Brown was founded in 1939 and is headquartered in Daytona Beach, Florida, United States. The company serves a global customer base, including commercial, public and quasi-public entities, professionals, and individual customers. Its Retail segment focuses on US-based clients, while the Specialty Distribution segment also operates internationally through wholesale brokerage and program businesses. The company's long history and Florida base have made it a prominent player in the insurance brokerage market.

Brown & Brown generates revenue primarily through commissions and fees from its insurance brokerage and consulting services. In the Retail segment, it earns commissions by placing property, casualty, employee benefits, and personal insurance policies with carriers, and also charges fees for risk management, loss control, and claims processing. The Specialty Distribution segment earns wholesale brokerage commissions by placing excess and surplus lines through independent agents, and generates program management fees from insurance carrier partners. Additionally, its specialty businesses offer professional liability and supplementary insurance products, earning premiums and fees. The company's diverse portfolio, including the Arrowhead Programs, provides multiple revenue streams across different insurance lines.