CBIZ, Inc. (NYSE: CBZ)

CBIZ, Inc., a prominent national player in the financial, insurance, and advisory services sector, is listed on the New York Stock Exchange under the symbol CBZ. The company's mission is to assist its clients and their businesses in achieving growth and success. With a presence in over 120 offices spread across 33 states and the District of Columbia, CBIZ ranks among the top accounting, insurance brokerage, financial, and advisory services providers in the United States.

CBIZ's service portfolio is diverse and comprehensive, encompassing accounting and tax, employee benefits consulting, information technology managed networking and hardware services, financial advisory, payroll and human capital management, healthcare consulting, valuation, property and casualty insurance, risk and advisory services, and retirement and investment services. These services are tailored to help clients seize opportunities, overcome challenges, and ultimately achieve their goals.

The company's operations are structured around three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group offers traditional accounting and tax services, as well as specialized services like transaction and risk advisory, litigation support, and valuation. The Benefits and Insurance Services group provides expertise in group health benefits and property and casualty insurance, along with retirement plan advisory and investment services. The National Practices group offers information technology managed networking and hardware services and healthcare consulting.

CBIZ's revenue streams are derived from a blend of internal organic growth, cross-selling additional services to existing clients, and strategic acquisitions. This revenue model aims to provide a steady and predictable source of growth over time. In 2023, the company completed five business acquisitions and sold one technology asset within the Financial Services practice group.

CBIZ's client base is diverse, comprising over 100,000 clients across more than 25 industries. The company's largest client contributed approximately 2.3% of its consolidated revenue in 2023. CBIZ serves a geographically dispersed clientele across the country, with businesses and organizations of various sizes, from less than 10 to over 10,000 employees.

The company operates within a highly regulated environment, subject to oversight by federal, state, local, and professional governing bodies. Changes in laws, regulations, and codes of ethics impact its accounting, insurance, registered investment advisory, and broker-dealer operations. Additionally, CBIZ is subject to privacy and information security laws and regulations, including the Health Insurance Portability and Accountability Act of 1996, the Financial Modernization Act of 1999, and the Health Information Technology for Economic and Clinical Health Act.

CBIZ is dedicated to promoting diversity and inclusion and has been recognized as a Great Place to Work for eight consecutive years. The company has also received numerous workplace awards, including the 2023 Top Workplaces USA by Energage, the 2023 Early Talent Award by Handshake, and the 2023 Campus Forward by Ripplematch.