Welcome to our dedicated page for Brown & Brown news (Ticker: BRO), a resource for investors and traders seeking the latest updates and insights on Brown & Brown stock.
Brown & Brown, Inc. (NYSE: BRO) is an insurance brokerage firm in the insurance agencies and brokerages industry, active in property, casualty and employee benefits insurance and related risk management services. This news page aggregates company-issued updates and other coverage so readers can follow developments that affect Brown & Brown’s operations, strategy and financial performance.
Recent news for Brown & Brown includes quarterly earnings announcements, details on segment reporting, leadership changes and acquisition activity. The company regularly issues press releases about its financial results, such as third-quarter performance metrics, Organic Revenue growth and non-GAAP measures like EBITDAC and EBITDAC Margin – Adjusted. These releases are often paired with information about investor conference calls and webcasts, allowing market participants to hear management’s commentary on business trends.
Brown & Brown also reports on corporate actions and strategic moves. Examples in the supplied materials include the acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, and the acquisition of the assets of the J. Kevin Campbell Agency, which focuses on workers’ compensation insurance solutions. Leadership updates, such as appointments within the Retail segment and changes to the board of directors, are another recurring theme in the company’s news flow.
Capital allocation decisions feature prominently as well. Brown & Brown has announced increases in its regular quarterly cash dividend and authorizations for additional share repurchases. Together with earnings releases, these items provide insight into how the company manages its balance sheet and returns capital to shareholders.
Investors, analysts and other interested readers can use this news feed to monitor Brown & Brown’s earnings releases, acquisitions, segment reorganizations, leadership appointments and capital markets activity over time.
Brown & Brown (NYSE: BRO) has appointed Stephen P. Hearn as executive vice president and chief operating officer. Hearn, who joined the company's board in August 2024, has resigned from his board position to take on this new role. With 35 years of insurance industry experience, Hearn will help guide Brown & Brown's growth strategy, focusing on scaling operations, fostering innovation, and team development.
The appointment comes as the company works toward its next interim revenue goal of $8 billion. Hearn's extensive background includes leadership roles at The Ardonagh Group, where he served as CEO of various divisions, including Ardonagh Specialty Holdings and Inver Re. His previous experience also spans positions at BGC Partners, Willis Group Holdings, and other major insurance industry players.
Brown & Brown (NYSE:BRO) reported strong Q4 2024 financial results with total revenues of $1.2 billion, up 15.4% year-over-year. The company achieved 13.8% Organic Revenue growth in Q4 and 10.4% for full-year 2024.
Q4 diluted net income per share was $0.73, decreasing 22.3% YoY, while adjusted diluted EPS increased 24.6% to $0.86. The decrease in GAAP earnings was primarily due to a one-time gain from business disposals in Q4 2023.
For full-year 2024, revenues reached $4.8 billion, increasing 12.9%. Net income attributable to the company grew 14% to $1.0 billion, with diluted EPS of $3.46. EBITDAC - Adjusted increased 17% to $1.7 billion, with margin improving to 35.2% from 33.9% in 2023.
Brown & Brown (NYSE: BRO) has announced that its board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend will be paid on February 12, 2025, to shareholders who are on record as of February 5, 2025.
Brown & Brown (NYSE: BRO) has announced it will release its 2024 fourth-quarter earnings on Monday, January 27, 2025, after market close. The company will host an investor update conference call on Tuesday, January 28, 2025, at 8:00 a.m. EST to discuss the financial results. The call will be led by President and CEO J. Powell Brown and Executive VP and CFO R. Andrew Watts.
The conference call will be broadcast live on the company's website at www.bbinsurance.com under the Investor Relations section. For those unable to attend the live broadcast, an audio replay will be available on the website for 14 days following the event.
Brown & Brown's Bridge Specialty Group has acquired the assets of American Risk Management Resources Network (ARMR), a specialty wholesale environmental insurance brokerage platform. ARMR, based in Madison, Wisconsin, will maintain its operations under the leadership of President Kari Kohal. David Dybdahl will continue with ARMR, focusing on developing new product offerings and sharing environmental risks expertise through education and training.
The acquisition strengthens Bridge Specialty Group's position in the environmental casualty sector, where ARMR has been a leader for over two decades. Both Kohal and Dybdahl will report to Walter Grote, chief underwriting officer and central regional president of Bridge Specialty Group.
Brown & Brown (NYSE:BRO) has achieved the 2025 Military Friendly® Employer designation, demonstrating its commitment to supporting veterans, military spouses, and the military community. The recognition comes from strong collaboration across teams, including their Veterans Teammate Resource Group.
The designation was awarded following an evaluation of over 1,200 companies through public data sources and proprietary survey responses. The assessment criteria included recruitment, new hire retention, employee turnover, and promotion of veterans and military employees. The company will be featured in the Winter issue of G.I. Jobs® magazine and on MilitaryFriendly.com.
Brown & Brown (NYSE: BRO) has appointed Paul Gallagher, CPA, as its new controller. In this role, Gallagher will oversee financial operations, including SEC reporting, controls and compliance, acquisitions, planning, and strategic decision-making. He joins from Deloitte, where he spent over 25 years serving global clients in public accounting. At Deloitte, he led teams across audit, advisory, M&A, and international business functions. The appointment aims to support Brown & Brown's continued growth and global expansion plans.
Brown & Brown (NYSE: BRO) has completed the acquisition of the insurance operations of Quintes Holding B.V. This acquisition marks an expansion of Brown & Brown's global presence, adding to their network of over 500 locations worldwide. The company, which has been providing risk management solutions since 1939, currently employs more than 16,000 teammates globally and continues to focus on delivering innovative insurance strategies to both individuals and businesses.
Brown & Brown (NYSE:BRO) reported strong Q3 2024 financial results with total revenues of $1.2 billion, up 11.0% year-over-year. The company achieved organic revenue growth of 9.5% and increased diluted net income per share by 30.6% to $0.81. Key highlights include:
- Income before taxes increased 31.0% to $317 million
- EBITDAC-Adjusted rose 11.9% to $414 million
- Net income grew 33.0% to $234 million
- Diluted Net Income Per Share-Adjusted increased 12.3% to $0.91
Brown & Brown (BRO) has achieved two significant workplace recognitions: Great Place To Work® Certification for the sixth consecutive year and inclusion in the 2024 Fortune Best Workplaces for Women™ list for the fourth consecutive year. The certification reflects strong employee satisfaction, with 94% of teammates rating it as a Great Place To Work and 96% feeling welcome upon joining. The women's workplace recognition was based on surveys from nearly 600,000 women at certified companies.
The company has also been recognized on Fortune's 2024 Best Workplaces for Millennials and Best Workplaces in Financial Services & Insurance lists, along with receiving the 2023-2024 Platinum Level Bell Seal for Workplace Mental Health from Mental Health America.