BRO

Brown & Brown, Inc. is one of the largest independent insurance brokerage and risk management firms in the United States, providing insurance products and services to commercial, public, and individual customers. The company operates through four primary segments: Retail (commercial and personal insurance through local agencies), National Programs (specialized insurance programs), Wholesale Brokerage (insurance placement services for retail agents), and Services (claims management, Medicare consulting). Brown & Brown represents customers in placing insurance with carriers, earning commissions and fees for services. Founded in 1939 and headquartered in Daytona Beach, Florida, Brown & Brown has grown through hundreds of acquisitions of local and regional insurance agencies while maintaining decentralized operations. The company benefits from recurring commission revenue, diversified business lines, and consolidation opportunities in the fragmented insurance distribution market. Brown & Brown has delivered consistent organic growth, profitability, and shareholder returns through economic cycles. The company continues to pursue acquisitions, invest in technology and talent, and expand service offerings to drive growth and market share gains.