Brown & Brown Inc Stock Price, News & Analysis

Brown & Brown, Inc. (NYSE: BRO) announced the appointment of Michael Vaughan as the new chief data officer. This strategic move aims to enhance the company's data strategy to support critical business objectives.

Gray Nester, the chief information officer, highlighted Vaughan's extensive experience in developing actionable data strategies and his commitment to continuous improvement. His leadership is expected to accelerate growth and create significant value across the organization.

Prior to this role, Vaughan served as a senior vice president at Truist, focusing on analytics and data architecture. He holds a Bachelor of Science from Appalachian State University and completed the Chief Data Officer Program at Carnegie Mellon University.

Brown & Brown, Inc. (NYSE:BRO), has successfully acquired Highcourt Partners Limited and its subsidiaries eUnderwriters and CLIS, enhancing its market presence in Canada. Highcourt Partners, now part of the Brown & Brown Retail segment, will be led by Mark McKay and aims to leverage local expertise and global capabilities for improved customer service. The acquisition is projected to open new growth opportunities in the Canadian insurance market, as highlighted by Brown & Brown's senior leadership. This strategic move will bolster Brown & Brown's footprint and capacity to serve clients of varying sizes across different regions.

Brown & Brown, Inc. (NYSE: BRO) will announce its 2023 first-quarter earnings on April 24, 2023, post-market close. A conference call led by J. Powell Brown and R. Andrew Watts will follow on April 25, 2023, at 8:00 a.m. EDT. Investors can access the live call via the company's website, with a replay available for 14 days post-broadcast. Established in 1939, Brown & Brown is a premier insurance brokerage firm with over 15,000 employees across 500 locations worldwide, focusing on innovative risk management solutions.

PillarRx, a pharmacy consulting firm, announced it has achieved HITRUST Risk-based, 2-year Certification, affirming its commitment to regulatory compliance and data security. This elite certification highlights PillarRx's adherence to stringent industry standards across its corporate headquarters and data centers in Milwaukee, WI, and Lake St. Louis, MO. The certification demonstrates robust management of data protection challenges and positions PillarRx among organizations recognized for effective information security. Rob Cleek, Vice President of Information Technologies, emphasized that this achievement showcases their dedication to safeguarding sensitive information for clients.

Brown & Brown, Inc. (NYSE: BRO) has appointed Jaymin B. Patel, executive chairman of Perennial Climate Inc., to its board of directors. Lead independent director H. Palmer Proctor, Jr. praised Patel's extensive leadership experience and industry knowledge. CEO J. Powell Brown emphasized that Patel's diverse expertise will enhance the company's mission to deliver long-term value to shareholders. Patel's background includes significant roles at Brightstar Corporation and GTECH (now IGT), along with expertise in regulated industries and financial operations. He holds a degree from Birmingham City University and is a chartered accountant.

Brown & Brown, Inc. (NYSE: BRO) reported a strong financial performance for Q4 and full year 2022. Q4 revenues increased by 22.1% to $901.4 million, with commissions rising 21.3%. Net income for Q4 grew 42.8% to $145.2 million, and diluted earnings per share rose 41.7% to $0.51. For the full year, revenues reached $3.57 billion, a 17.1% increase, with net income of $671.8 million, up 14.4%. Notably, organic revenue growth for the quarter was 7.8%. However, the income before income taxes margin slightly decreased to 24.5%. CEO J. Powell Brown emphasized the firm's commitment to continued growth and customer service.

Brown & Brown, Inc. (NYSE: BRO) has declared a regular quarterly cash dividend of $0.1150 per share, payable on February 15, 2023, to shareholders of record on February 3, 2023. This decision reflects the company's commitment to returning value to its shareholders. Established in 1939, Brown & Brown is a leading insurance brokerage firm operating over 450 locations globally and employing more than 14,500 teammates. The firm specializes in risk management solutions tailored for both individuals and businesses.

Brown & Brown, Inc. (NYSE: BRO) announced its 2022 fourth-quarter earnings release scheduled for January 23, 2023, post-market close. An investor update conference call will be held on January 24, 2023, at 8:00 a.m. EST, featuring CEO J. Powell Brown and CFO R. Andrew Watts. The call will be accessible live via the company's website and archived for 14 days. Brown & Brown has over 14,500 employees globally and has provided risk management solutions since 1939.

Brown & Brown (NYSE: BRO) has acquired Finance Builders Inc., enhancing its Dealer Services operations. Finance Builders, primarily active in Connecticut and Massachusetts, specializes in F&I products and support for automotive dealers. This acquisition aims to bolster BBDS's service offerings and customer reach. The integration promises to provide broader resources and diverse product options for Finance Builders' clientele. Both organizations express optimism about future growth and collaboration in the evolving automotive finance landscape.