Headquartered in Daytona Beach and Tampa, Florida, Brown & Brown has origins dating back to 1939 and was incorporated under the laws of the state of Florida in 1959. The company is publicly-owned with stock traded on the New York Stock Exchange under the symbol BRO (NYSE:BRO).
Brown & Brown has expanded to rank as the sixth largest independent insurance intermediary organization in the United States based on a July 2007 ranking by Business Insurance magazine. The company operates over 170 profit centers in 38 states. While of a size that provides customers access to virtually every highly rated insurance underwriting company in the country, as well many within the European insurance marketplace, Brown & Brown´s real strength is in the great flexibility it provides managers and agents at the local level. Each office is operated as an entrepreneurial entity – making it possible to respond rapidly to the needs of local customers with local knowledge.
Brown & Brown is one of the selected companies that comprise the Standard & Poor’s Mid-Cap 400 Index. In September 2007, FORBES.COM ranked Brown & Brown #16 on its 2007 list of “The 100 Best Mid-Cap Stocks in America.”FORBES magazine ranked Brown & Brown at #48 on its 2005 list of “America’s Best Small Companies” and at #69 on its 2004 list of “America’s 100 Fastest-Growing Companies.”
Starting in 2004, and continuing every year since, Brown & Brown has been designated as a Mergent’s Dividend Index Achiever. This distinct honor is based on a record of 10 or more consecutive years of dividend increases, which has been achieved by less than 3% of U.S. listed dividend-paying companies.
The Company markets and sells primarily property/casualty insurance and employee benefit products and services. Since the Company does not engage in underwriting activities, it does not assume underwriting risks. Instead, it acts in an agency capacity to provide customers with targeted, customized risk management products.
Brown & Brown and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is highly regarded for its over 68 years of proven experience in providing the programs necessary to properly protect every type of business enterprise.
Brown & Brown´s culture and results benefit not only its customers and employees, but also its shareholders. As a publicly owned company the Company´s business strategy and strong financial controls have helped it achieve fourteen consecutive years of double digit bottom-line growth. It is one of the reasons the company has been referred to as “the crown jewel” of the insurance brokerage industry.
If you have any questions about Brown & Brown, please feel free to call Proctor Financial at (800) 521-6800 or utilize PFI’s Contact Form.