Brown & Brown Inc Stock Price, News & Analysis

Brown & Brown, Inc. (NYSE:BRO) plans to release its first-quarter earnings on April 26, 2021, after market close. An investor update conference call will be held on April 27, 2021, at 8:00 a.m. EDT, hosted by President J. Powell Brown and CFO R. Andrew Watts. The conference call will be broadcast live and accessible through the company’s website. A replay will be available afterwards for those unable to attend the live session, with audio archived for 14 days. The company has over 80 years in the insurance brokerage industry, providing risk management solutions.

Brown & Brown, Inc. (NYSE: BRO) has announced the launch of Bridge Specialty Group, consolidating its extensive portfolio of more than 25 wholesale brands across 45 locations in the U.S. and London. The group aims to enhance collaboration among nearly 1,500 insurance professionals and leverage over $3 billion in premium volume. This initiative will provide a unified platform for retail partners, facilitating access to a broad spectrum of wholesale services and specialty market solutions. The company emphasizes maximizing carrier relationships and delivering localized solutions.

Brown & Brown, Inc. (NYSE:BRO) has appointed Gray Nester as Chief Information Officer, effective immediately. J. Powell Brown, CEO, expressed confidence in Nester's experience and innovative problem-solving skills, which align with the company’s technology initiatives. Nester, who has over 20 years in Insurance Technology, previously served as CIO for the Retail Division since December 2019. He will gradually transition from his current role. The company, a leading insurance brokerage firm, emphasizes customer service and risk management solutions.

PillarRx Consulting has achieved HITRUST CSF Certification, demonstrating compliance with key regulations and effective risk management. This certification applies to its software platforms hosted on Microsoft Azure and affirms its commitment to data security. With this achievement, PillarRx joins an elite group of organizations globally recognized for safeguarding sensitive data. According to Rob Cleek, Vice President of Information Technology, this certification enhances customer confidence in PillarRx's dedication to data protection and IT best practices.

Brown & Brown, Inc. (NYSE:BRO) has announced the promotion of Stephen M. Boyd to Executive Vice President and President of the Wholesale Brokerage Segment. Boyd, previously Senior Vice President of Technology, brings over 25 years of experience within the company, including significant roles at Arrowhead General Insurance Agency. Anthony T. Strianese, former President of the Wholesale Segment, becomes Chairman of the Wholesale Brokerage Segment while remaining an Executive Vice President. CEO Powell Brown highlighted Strianese's contributions and expressed confidence in Boyd's leadership potential to drive growth.

Brown & Brown, Inc. (NYSE:BRO) reported its unaudited financial results for Q4 and the full year 2020. Q4 revenues reached $642.1 million, a 10.9% increase from the previous year, with net income rising 27.2% to $97.3 million. For the full year, revenues hit $2,613.4 million (+9.2%), while net income increased 20.6% to $480.5 million. Diluted net income per share for Q4 and the entire year rose to $0.34 and $1.69, respectively. Organic revenue growth was 4.7% in Q4 and 3.8% for the year. The results reflect strong operational performance amidst global challenges.

Brown & Brown, Inc. (NYSE:BRO) has declared a quarterly cash dividend of $0.0925 per share, set for payment on February 17, 2021, to shareholders on record by February 5, 2021. This move underscores the company's commitment to returning value to its shareholders. With over 80 years in the insurance brokerage sector, Brown & Brown continues to provide reliable risk management solutions, emphasizing its mission to deliver superior customer service.

Brown & Brown, Inc. (NYSE:BRO) has successfully completed the acquisition of O’Leary Insurances, enhancing its position in the insurance brokerage sector. This strategic move is expected to bolster Brown & Brown's risk management solutions for both individuals and businesses. As a leading firm with over 80 years of experience, the company aims to leverage this acquisition to provide superior customer service and expand its market reach. However, forward-looking statements regarding the integration and potential financial impacts remain uncertain.

Brown & Brown, Inc. (NYSE:BRO) has acquired substantially all assets of Berry Insurance Group, a leading Ohio-based insurance brokerage founded in 2002. The acquisition aims to enhance Brown & Brown's retail presence in Ohio and surrounding areas. Mark Berry will continue to lead the team, ensuring a seamless transition that emphasizes customer service and community engagement. The deal reflects Brown & Brown's commitment to growth and market expansion. However, forward-looking statements highlight potential uncertainties regarding the integration and performance post-acquisition.