Brown & Brown

Brown & Brown, Inc. is an American insurance brokerage firm headquartered in Daytona Beach, Florida, and stands as one of the largest independent insurance intermediaries in the United States. Founded in 1939 as a small family-owned agency, the company has evolved into a global enterprise serving clients across all 50 U.S. states and select international markets including Belgium, Canada, and the United Kingdom. With more than 23,000 professionals operating from over 700 locations worldwide following the 2025 acquisition of Accession Risk Management Group, Brown & Brown has established itself as a dominant force in the insurance brokerage industry.

The company operates through four primary business segments that deliver comprehensive insurance solutions: Retail, which serves businesses ranging from SMEs to large multinational corporations with products including property & casualty, employee benefits, cyber liability, and workers' compensation; National Programs, providing specialized program management expertise for insurance carrier partners; Wholesale Brokerage, offering specialty insurance solutions through wholesale channels; and Services, which delivers third-party claims administration, advocacy, adjusting, and processing for property, auto, and workers' compensation claims. This diversified approach has enabled Brown & Brown to achieve $4.71 billion in brokerage revenue for 2024, representing a 12% increase from the previous year.

What distinguishes Brown & Brown in the competitive insurance brokerage landscape is its decentralized operating model, adopted in 1980, which empowers local teams with decision-making authority while maintaining the backing of a large, financially stable organization. This structure has proven highly effective for both organic growth and acquisitions, allowing the company to maintain strong relationships with local clients while leveraging enterprise-scale resources. The company has been publicly traded on the New York Stock Exchange since 1993 under the ticker symbol BRO and joined the prestigious S&P 500 index in 2021, cementing its position among America's leading public companies.

Brown & Brown's commitment to excellence extends beyond financial performance to workplace culture and corporate responsibility. The company has been certified by Great Place to Work for seven consecutive years and was named to the 2025 Fortune Best Workplaces in Financial Services & Insurance List for the sixth consecutive year. With 94% of teammates saying it's a great place to work, the company has demonstrated that its success is built on investing in people. Brown & Brown has also maintained an impressive track record of shareholder returns, increasing its dividend for 32 consecutive years as of 2025, making it a member of the S&P 500 Dividend Aristocrats. As the company continues to expand through strategic acquisitions and organic growth, it remains focused on delivering innovative solutions through its trusted team and driving positive results for customers at every stage of their growth journey.