Brown & Brown, Inc. (BRO)

60.24 +0.79 (+1.33%) At close: 04:00PM EDT

Brown & Brown, Inc.

300 North Beach Street
Daytona Beach, FL 32114
United States
386 252 9601
https://www.bbinsurance.com

Sector(s): Financial Services
Industry: Insurance Brokers
Full-time employees: 12,023

Key executives

Name	Title	Pay	Exercised	Year born
Mr. J. Powell Brown C.P.C.U., CPCU	CEO, Pres & Director	6.26M	N/A	1968
Mr. R. Andrew Watts	Exec. VP, CFO & Treasurer	2.36M	N/A	1969
Mr. J. Scott Penny C.I.C., CIC	Exec. VP & Chief Acquisitions Officer	2.9M	N/A	1967
Mr. Chris L. Walker	Exec. VP & Pres of National Programs Segment	3.24M	N/A	1958
Mr. P. Barrett Brown	Exec. VP & Pres of Retail Segment	3.22M	N/A	1973
Mr. Kiet Tran	Chief Technology Officer	N/A	N/A	N/A
Mr. Kenneth Gray Nester II	Exec. VP & Chief Information Officer	N/A	N/A	1976
Mr. Robert W. Lloyd C.I.C., C.P.C.U., ESQ., CIC	Exec. VP, Gen. Counsel & Corp. Sec.	N/A	N/A	1965
Jenny Goco	Director of Communications	N/A	N/A	N/A
Ms. Julie L. Turpin	Exec. VP & Chief People Officer	N/A	N/A	1971

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

Corporate governance

Brown & Brown, Inc.’s ISS governance QualityScore as of 1 September 2022 is 7. The pillar scores are Audit: 5; Board: 9; Shareholder rights: 4; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.