BROWN & BROWN, INC.

(BRO)
  Report
Delayed Nyse  -  05/20 04:00:01 pm EDT
55.00 USD   +0.53%
05/17Brown & Brown Names Kiet Tran as Chief Technology Officer
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05/17Brown & Brown, Inc. announces the appointment of Kiet Tran as chief technology officer
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05/17Brown & Brown, Inc. announces the appointment of Kiet Tran as chief technology officer
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Business Summary
Logo Brown & Brown, Inc.
Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. It markets and sells insurance products and services, primarily in the property, casualty, and employee benefits areas. Its segments include Retail segment, which provides a broad range of insurance products and services to commercial, public, and quasi-public entities, and to professional and individual customers, as well as non-insurance warranty services and products through its automobile dealer services (F&I) businesses; National Programs segment, which acts as a managing general agent and provides professional liability and related package products; Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers, as well as Brown & Brown retail agents, and Services segment provides insurance-related services, including third-party claims administration and adjusting services.

Number of employees : 12 023 people.
Sales per Business
20202021Delta
Retail1 472.7756.4%1 767.9457.9% +20.04%
National Programs610.6423.4%701.8523% +14.94%
Wholesale Brokerage352.8013.5%403.4213.2% +14.35%
Services174.016.7%178.865.9% +2.79%
Other3.160.1%-0.67--
USD in Million
Sales per region
20202021Delta
United States2 578.2798.7%2 973.4097.4% +15.33%
United Kingdom, Bermuda, Cayman Islands, Canada35.101.3%78.002.6% +122.22%
USD in Million
Managers
Name Title Age Since
J. Brown Regional Executive Vice President 54 2002
R. Watts Chief Financial Officer, Treasurer & Executive VP 52 2014
Gray Nester Chief Information Officer-Retail Division - 2019
Kiet Tran Chief Technology Officer - 2022
Richard Freebourn Senior Vice President-Internal Operations 73 -
Robert W. Lloyd Assistant General Counsel 56 2001
Jerome Scott Penny Chief Acquisitions Officer & Executive VP 54 2014
H. Vaughn Stoll SVP & Director-Acquisitions & Internal Operation - -
Chris L. Walker EVP & President-National Programs Division 63 2014
Stephen Boyd EVP & President-Wholesale Brokerage Segment - 2021
Members of the board
Name Title Age Since
J. Brown Chairman 83 2009
Theodore J. Hoepner Independent Director 79 1994
Chilton Davis Varner Independent Director 78 2004
Hugh M. Brown Independent Director 85 2004
Toni Jennings Independent Director 71 2007
Wendell Switzer Reilly Independent Director 63 -
Timothy R. M. Main Independent Director 55 2010
H. Palmer Proctor Lead Independent Director 53 -
James Hunt Independent Director 65 2013
Lawrence Gellerstedt Independent Director 64 2018
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 301,172,959 235,744,581 78.3% 18,900,000 6.3% 78.3%
Shareholders
NameEquities%
J. Brown 37,742,578 13.3%
The Vanguard Group, Inc. 26,201,539 9.25%
Select Equity Group LP 18,539,433 6.55%
SSgA Funds Management, Inc. 12,007,620 4.24%
Principal Global Investors LLC 8,854,266 3.13%
First Eagle Investment Management LLC 6,364,187 2.25%
Atlanta Capital Management Co. LLC 6,068,306 2.14%
Allspring Global Investments LLC 6,036,622 2.13%
BlackRock Fund Advisors 6,027,850 2.13%
T. Rowe Price Associates, Inc. (Investment Management) 5,774,998 2.04%
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