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 a leading insurance intermediary providing risk management solutions through its retail, programs, wholesale brokerage, and services segments. This page serves as the definitive source for investors and industry professionals tracking BRO's corporate developments and market position.
Access timely updates on earnings reports, mergers & acquisitions, leadership changes, and strategic partnerships. Our curated news collection helps stakeholders analyze BRO's performance in commercial insurance, specialty programs, and risk advisory services.
Key coverage areas include quarterly financial results, expansion initiatives across U.S. and international markets, regulatory updates affecting the insurance sector, and innovations in client risk mitigation strategies. All content is verified from primary sources to ensure accuracy.
Bookmark this page for streamlined access to BRO's latest business developments. Check back regularly for essential updates impacting this diversified insurance brokerage's market trajectory.
Brown & Brown, Inc. (NYSE:BRO) has successfully completed its acquisition of Global Risk Partners Limited as of July 5, 2022. This strategic move aims to enhance the company's position in the insurance brokerage sector, expanding its risk management solutions to a broader client base. Brown & Brown has been a key player in the industry since 1939, boasting over 12,000 employees across more than 350 locations globally. This acquisition is expected to drive future growth, although it also involves inherent uncertainties regarding integration and market impacts.
Brown & Brown, Inc. (NYSE:BRO) announces the completion of the acquisition of Quinlan Insurance by O’Leary Insurances Ltd., a subsidiary of Brown & Brown. This acquisition enhances their portfolio and expands their market presence. With over 12,000 employees across more than 350 locations, Brown & Brown continues to provide risk management solutions. However, the company cautions that future results could vary significantly due to uncertainties surrounding the integration and performance of the acquired entity.
Brown & Brown, Inc. (NYSE: BRO) will announce its 2022 second-quarter earnings on July 25, 2022, after market close. An investor conference call, led by CEO J. Powell Brown and CFO R. Andrew Watts, is scheduled for July 26, 2022, at 8:00 a.m. EDT. This event will be accessible live via the company's website. For those unable to attend, a replay will be available shortly after the live session until August 25, 2022. Founded in 1939, Brown & Brown is a major insurance brokerage firm with over 12,000 employees across 350+ locations.
On June 30, 2022, The Institutes announced the appointment of four new members to its Board of Trustees, effective June 15. The appointees are J. Powell Brown, Carl Hess, John J. Marchioni, and Leonid Rasin, each bringing extensive experience in insurance and risk management. Peter Miller, president and CEO, expressed that these members will enhance The Institutes' mission and strategic capabilities. Notably, Marchioni is linked with Selective Insurance Group (NASDAQ: SIGI), Hess with WTW (NASDAQ: WTW), and Brown with Brown & Brown (NYSE: BRO).
Brown & Brown, Inc. (NYSE: BRO) has acquired substantially all assets of Profits Creation Corp., a provider of F&I products and sales support for automotive dealers in the Southeast. The acquisition aims to enhance Brown & Brown Dealer Services' capabilities and strengthen its market position. Gerry White and the Profits Creation team will join BBDS under Mike Neal’s leadership. This partnership is expected to drive growth and improve dealer results in the region, reflecting a strategic move to expand Brown & Brown's service offerings.
Brown & Brown, Inc. (NYSE: BRO) announced the acquisition of Dealer Specialties Group Corp., enhancing its Dealer Services operations. Dealer Specialties, known for providing F&I products and support to automotive dealers in New York, will integrate into Brown & Brown Dealer Services (BBDS). This strategic move aims to expand BBDS’s footprint and improve service offerings, leveraging Dealer Specialties' strong industry relationships. Leadership from both organizations expressed optimism about the growth potential and benefits to customers from this acquisition.
Brown & Brown, Inc. (NYSE: BRO) has appointed Kiet Tran as the new Chief Technology Officer, aimed at enhancing the company's technology infrastructure. Gray Nester, the current Chief Information Officer, emphasized Tran's expertise in operational excellence and system performance. Tran previously led IT operations at ADT and will work on a cloud transformation strategy, improve digital workplace initiatives, and ensure operational resilience. This leadership change is designed to align with Brown & Brown's growth objectives and reinforce its unique culture.
Brown & Brown, Inc. (NYSE:BRO) announced its agreement to acquire the general insurance operations of Quinlan Insurance, founded by Patrick Quinlan. The acquisition aims to enhance Brown & Brown’s presence in Dublin and leverage Quinlan Insurance's expertise in property insurance solutions for commercial segments. The deal is expected to close in late June 2022, subject to specific conditions. This acquisition aligns with Brown & Brown’s strategy for growth and customer focus in the insurance market.
Brown & Brown, Inc. (NYSE:BRO) reported Q1 2022 revenues of $904.7 million, up 11% year-over-year, with commissions and fees increasing by 11.1%. Net income rose to $220.3 million, a 10.3% increase, translating to diluted earnings per share of $0.77. The company declared a quarterly cash dividend of $0.1025 per share, payable on May 18, 2022. The results reflect solid performance in a challenging market, maintaining robust margins with consistent income before income taxes at 29.3%. The positive trajectory in organic revenue, up 7.8%, indicates strong operational growth.
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