Brown & Brown, Inc. (NYSE: BRO)

Brown & Brown, Inc., commonly known as BRO, operates in the insurance industry and is listed on the New York Stock Exchange under the symbol BRO. With a rich history dating back to 1939, the company has established itself as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization. It has a significant presence in the United States and internationally, with operations in countries such as Canada, the Republic of Ireland, the United Kingdom, Germany, France, and Italy, among others.

Brown & Brown's main business activities revolve around providing a broad range of insurance products and services to commercial, public, and quasi-public entities, as well as professional and individual customers. The company operates in four reportable segments: Retail, National Programs, Wholesale Brokerage, and Services. Each segment has a unique focus, ranging from providing insurance products and services to selling excess and surplus commercial insurance products and services to retail insurance agencies.

The company generates revenue through its primary products and services, which include property and casualty, employee benefits, personal insurance, and non-insurance services and products. These offerings cater to a diverse range of customers, from commercial and public entities to professionals and individuals. Notable among its products and services are the employee benefits, which are designed to meet the unique needs of its clients.

In the highly competitive insurance industry, Brown & Brown has established a strong position for itself. The company's competitive advantages include its strong relationships with insurance companies, its broad range of insurance products and services, and its commitment to innovation, knowledge, and understanding of terms and conditions of coverage. These strengths enable the company to offer tailored solutions that meet the specific needs of its customers.

Brown & Brown's customers are a diverse group of entities, including commercial, public, and quasi-public entities, as well as professionals and individuals. The company's commitment to diversity, inclusion, and belonging is evident in its customer base, as it serves a wide variety of clients from different backgrounds and industries.

The company's brand names and trade names include Brown & Brown, Retail, National Programs, Wholesale Brokerage, and Services. These names are synonymous with the company's commitment to providing a broad range of insurance products and services, as well as its innovative approach to meeting the needs of its customers.

Brown & Brown's culture is built on integrity, innovation, superior capabilities, discipline, and meritocracy. The company prioritizes the total well-being of its teammates, which includes physical, emotional, social, and financial health and wellness. It encourages teammates to stay active, maintain a healthy work-life balance, volunteer in their local communities, and prioritize their mental and physical health. Furthermore, the company has a strong commitment to workplace safety, with formal guidelines and resources to support teammates.