Brown & Brown

Brown & Brown, Inc. (Brown & Brown Insurance or B&B) is an American provider of insurance, reinsurance products and federal programs services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. Its headquarters are in Daytona Beach, Florida.

Brown & Brown, Inc.
Brown & Brown Insurance
TypePublic company
ISINUS1152361010
IndustryProperty & casualty insurance
Founded1939 (1939)[1]
HeadquartersDaytona Beach, Florida, U.S.[2]
Key people
  • J. Powell Brown
  • (Director, President, & CEO)
  • R. Andrew Watts
  • (Vice President & CFO)
Revenue US$2.613 billion (2020)[3]
US$462.46 million (2020)[3]
US$480.4 million (2020)[3]
Total assets US$8.96 billion (2020)[3]
Total equity US$3.75 billion (2020)[3]
OwnerJ. Hyatt Brown, 14.46%[4]
Number of employees
11,136 (2020)[3]
Websitebbinsurance.com

In 2021 the company ranked as the fifth largest independent insurance intermediary organization in the U.S. and sixth largest in the world by Business Insurance magazine.[5]

History

Brown & Brown was co-founded by J. Adrian Brown in 1939. His son, J. Hyatt Brown, became CEO in 1961, a position he held until 2009. Under Hyatt, Brown & Brown expanded from a small local, family-owned insurance agency with a single office in Daytona Beach to the nation's sixth-largest insurance brokerage with offices nationwide.[6]

References
  1. "Archived copy". Archived from the original on 2013-08-19. Retrieved 2013-03-31.CS1 maint: archived copy as title (link)
  2. "Brown & Brown Insurance – Investor Relations". investor.bbinsurance.com/.
  3. "US SEC Filing: Form 10-K Brown & Brown, Inc". U.S. Securities and Exchange Commission. February 23, 2021. Retrieved May 24, 2021.
  4. 2021 Proxy Statement
  5. https://www.businessinsurance.com/article/20210101/STORY/912338838/Business-Insurance-2020-Data-&-Rankings-BI-Top-100
  6. "Daytona area's Hyatt Brown, Jim France make Forbes billionaires list". The Daytona Beach News-Journal. The Daytona Beach News-Journal. Retrieved 22 April 2021.
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