XNYSBRO
Market cap29bUSD
Dec 26, Last price
103.74USD
1D
1.02%
1Q
0.48%
Jan 2017
363.00%
Name
Brown & Brown Inc
Chart & Performance
Profile
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, 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 offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. 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. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 4,204,700 17.67% | 3,573,400 17.26% | 3,047,500 16.94% | |||||||
Cost of revenue | 2,186,600 | 1,816,900 | 1,636,900 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 2,018,100 | 1,756,500 | 1,410,600 | |||||||
NOPBT Margin | 48.00% | 49.15% | 46.29% | |||||||
Operating Taxes | 275,600 | 204,300 | 175,700 | |||||||
Tax Rate | 13.66% | 11.63% | 12.46% | |||||||
NOPAT | 1,742,500 | 1,552,200 | 1,234,900 | |||||||
Net income | 870,500 29.58% | 671,800 14.43% | 587,100 22.19% | |||||||
Dividends | (135,000) | (119,500) | (107,229) | |||||||
Dividend yield | 0.68% | 0.75% | 0.55% | |||||||
Proceeds from repurchase of equity | (100) | (85,300) | (98,400) | |||||||
BB yield | 0.00% | 0.54% | 0.50% | |||||||
Debt | ||||||||||
Debt current | 614,100 | 250,600 | 42,500 | |||||||
Long-term debt | 3,584,100 | 4,083,300 | 2,340,400 | |||||||
Deferred revenue | 492,200 | 459,672 | ||||||||
Other long-term liabilities | 942,200 | (193,300) | (75,772) | |||||||
Net debt | 3,465,900 | 3,649,500 | 1,451,900 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 1,009,500 | 881,400 | 948,000 | |||||||
CAPEX | (68,900) | (52,600) | (45,000) | |||||||
Cash from investing activities | (587,000) | (1,912,700) | (396,700) | |||||||
Cash from financing activities | (186,700) | 1,725,400 | (349,300) | |||||||
FCF | 1,652,400 | 1,506,400 | 1,214,000 | |||||||
Balance | ||||||||||
Cash | 711,300 | 662,000 | 900,000 | |||||||
Long term investments | 21,000 | 22,400 | 31,000 | |||||||
Excess cash | 522,065 | 505,730 | 778,625 | |||||||
Stockholders' equity | 5,299,800 | 11,125,700 | 8,785,288 | |||||||
Invested Capital | 10,018,535 | 8,537,770 | 6,005,075 | |||||||
ROIC | 18.78% | 21.35% | 21.27% | |||||||
ROCE | 19.15% | 18.24% | 19.67% | |||||||
EV | ||||||||||
Common stock shares outstanding | 280,800 | 278,600 | 277,414 | |||||||
Price | 71.11 24.82% | 56.97 -18.94% | 70.28 48.24% | |||||||
Market cap | 19,967,688 25.81% | 15,871,842 -18.59% | 19,496,656 49.07% | |||||||
EV | 23,433,588 | 26,212,142 | 25,712,444 | |||||||
EBITDA | 2,224,100 | 1,942,300 | 1,563,500 | |||||||
EV/EBITDA | 10.54 | 13.50 | 16.45 | |||||||
Interest | 197,700 | 141,200 | 65,000 | |||||||
Interest/NOPBT | 9.80% | 8.04% | 4.61% |