Latest news with #Brown&Brown
Yahoo
2 days ago
- Business
- Yahoo
Brown & Brown to buy Accession Risk Management for $9.82bn
Brown & Brown has agreed to acquire RSC Topco, the holding company for Accession Risk Management Group, for a gross purchase price of $9.83bn. The terms of the agreement stipulate that Brown & Brown will acquire RSC on a cash and debt-free basis. Accession, established in 1997, operates Risk Strategies, a specialty brokerage, and One80 Intermediaries, an insurance wholesaler and programme manager. The company employs more than 5,000 insurance professionals across the US and Canada and reported pro forma adjusted revenues of around $1.7bn for 2024. Post-acquisition, Risk Strategies will become part of Brown & Brown's Retail segment, with John Mina, the current leader, joining the retail senior leadership team. Additionally, Brown & Brown will merge its Programmes and Wholesale Brokerage segments into a new specialty distribution segment. One80 Intermediaries will be incorporated into the specialty distribution segment, with executive Matt Power joining the senior leadership team. The acquisition is expected to strengthen Brown & Brown's customer, carrier partner relationships, enhance trading platforms for insurance carrier partners and contribute to revenue and cash flow growth. Brown & Brown president and CEO J. Powell Brown said: 'Combining with Risk Strategies and One80 represents a unique opportunity to bring the best of both organisations to the forefront, enabling us to augment and strengthen our collective growth." The acquisition is subject to customary closing conditions and regulatory approvals, with an expected completion date in the third quarter of 2025 (Q3 2025). Accession CEO John Mina stated: 'As we began contemplating the next major leap in our journey, we were adamant that any potential partner must have the capability and conviction to strengthen our ability to create an industry powerhouse, win amid industry consolidation, lead through innovation and champion our cultural values. "We are pleased to have found that in Brown & Brown.' In April this year, Brown & Brown (Europe) acquired Irvine Commercial Insurance Brokers, a Kenilworth-based company specialising in insurance broking services for small and medium-sized enterprises in the UK. "Brown & Brown to buy Accession Risk Management for $9.82bn " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Here's How You Can Earn $100 In Passive Income By Investing In Brown & Brown Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Brown & Brown Inc. (NYSE:BRO) markets and sells insurance products and services in the U.S. and internationally. The 52-week range of Brown & Brown stock price was $88.31 to $125.68. Brown & Brown's dividend yield is 0.55%. It paid $0.60 per share in dividends during the last 12 months. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest Where It Hurts — And Help Millions Heal: On April 28, the company announced its Q1 2025 earnings, posting adjusted EPS of $1.29, missing the consensus estimate of $1.30, while revenues of $1.40 billion matched expectations, as reported by Benzinga. "We continue to execute our plan and are pleased with our performance for the quarter," said CEO J. Powell Brown. If you want to make $100 per month — $1,200 annually — from Brown & Brown dividends, your investment value needs to be approximately $218,182, which is around 1,983 shares at $110.03 each. Trending: If there was a new fund backed by Jeff Bezos offering a ? Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (0.55% in this case). So, $1,200 / 0.0055 = $218,182 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis. For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Brown & Brown stock an attractive option for making a steady income of $100 per month by owning 1,983 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Brown & Brown has raised its dividend consecutively for the last 31 years. Check out this article by Benzinga for three stocks offering high dividend yields. Read Next: Maximize saving for your retirement and cut down on taxes: . , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article Here's How You Can Earn $100 In Passive Income By Investing In Brown & Brown Stock originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
BRO Lags Industry, Trades at Premium: What Should Investors Do Now?
Shares of Brown & Brown, Inc. BRO have gained 20.4% in the past year, underperforming its industry and the Finance sector's growth of 23.4% and 20.7%, respectively. It however, outperformed the Zacks S&P 500 composite's return of 11.6%.The insurer has a market capitalization of $30.91 billion. The average volume of shares traded in the last three months was 1.8 million. Image Source: Zacks Investment Research BRO shares are trading at a premium to the industry. Its price-to-forward 12-months earnings of 24.9X is higher than the industry average of 22.71X. Shares of other insurers like Arthur J. Gallagher & Co. AJG and Erie Indemnity Company ERIE are also trading at a multiple higher than the industry average, while Marsh & McLennan Companies, Inc. MMC is trading at a discount. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Brown & Brown's 2025 earnings per share indicates a year-over-year increase of 8.5%. The consensus estimate for revenues is pegged at $5.20 billion, implying a year-over-year improvement of 8.2%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 8.8% and 8.1%, respectively, from the corresponding 2025 estimates. Earnings have grown 21.5% in the past five years, better than the industry average of 15.2%. Brown & Brown's bottom line outpaced estimates in three of the trailing four quarters and missed in one, the average surprise being 6.35%. Five of the eight analysts covering the stock have lowered estimates for 2025, while four analysts have lowered the same for 2026 over the past 60 Zacks Consensus Estimate for 2025 earnings has moved down 0.4% in the past 60 days, while the same for 2026 has moved down 1.3% in the same time frame. Image Source: Zacks Investment Research Based on short-term price targets offered by 13 analysts, the Zacks average price target is $119.77 per share. The average indicates a potential 8.3% upside from the last closing price. Image Source: Zacks Investment Research Commissions and fees, the main component of the top line, benefit from increasing new business, strong retention and continued rate increases for most lines of coverage. The company met its intermediate annual revenue goal of $4 billion, doubling in the last five insurance broker continually makes investments in boosting organic growth and margin expansion. It has an industry-leading adjusted EBITDAC & Brown's strategic buyouts help it capitalize on growing market opportunities, strengthen its compelling products and service portfolio, expand global reach and accelerate its growth rate. The insurance broker continued to build relationships with many other companies. From 1993 through the first quarter of 2025, Brown & Brown acquired 687 insurance intermediary operations. The Quintes buyout was the largest transaction in 2024. Banking on operational expertise, BRO boasts a strong liquidity position with an improving leverage ratio. The strength of its operating model and diversity of businesses ensures strong cash conversion. The company effectively deploys cash into acquisitions, capital expenditure and wealth distribution for shareholders via dividend has an impressive dividend history. The strong capital position enables Brown & Brown to distribute wealth to shareholders via dividend increases. To dividend payments, the company has increased dividends for the last 30 years at a five-year (2019-2024) CAGR of 8.7%. New business, strong retention, rate increases, strategic buyouts and impressive dividend history poise the company well for growth. Favorable growth estimates and positive analyst sentiment are the other positives. A robust capital position over the years reflects its financial the bearish analysts' sentiment and premium valuation, it is better to stay cautious about this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report Erie Indemnity Company (ERIE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Toronto Star
3 days ago
- Business
- Toronto Star
Brown & Brown, Inc. enters into agreement to acquire Accession Risk Management Group
DAYTONA BEACH, Fla., June 10, 2025 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO), and John Mina, chief executive officer of Accession Risk Management Group, Inc. ('Accession'), today announced that Brown & Brown has entered into an agreement to acquire RSC Topco, Inc. ('RSC'), the holding company for Accession. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. Under the terms of the agreement, Brown & Brown will acquire RSC on a cash and debt-free basis at the time of acquisition for a gross purchase price of $9.825 billion. The parties previously submitted filings in respect of the Transaction under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the waiting period for such filings has already expired.
Yahoo
03-06-2025
- Business
- Yahoo
Brown & Brown Reveals Results of Inaugural Health and Benefits Strategy Survey
DALLAS, June 03, 2025--(BUSINESS WIRE)--Brown & Brown announced today the key results from its inaugural Brown & Brown Employer Health and Benefits Strategy Survey, 2025. Based on responses from more than 760 employers with at least 200 U.S.-based employees across a broad spectrum of industries and geographies, the survey provides insights into the current and future strategies employers are implementing and considering for their employee health and benefits plans. To get a sense of employer mindset, the survey first asked employers to select their top five strategic priorities related to health benefit programs. 'Attracting and retaining a competitive workforce' was the most highly ranked at 65%. This was followed closely by controlling both employee and organizational health benefit costs (62% and 60%, respectively). "The findings from our inaugural survey further exemplify the balancing act many employers face," said Chana Bieker, senior vice president and national account leader for benefits at Brown & Brown. "Offering competitive health benefit programs that meet the needs of an increasingly diverse workforce while at the same time managing ever-increasing costs requires a holistic and multi-year strategic view of benefits that goes well beyond traditional cost shifting to employees." To address the top priority of attracting and retaining top talent, many employers indicated they were using or investigating programs to address the much-publicized mental health issues facing today's workforce. Employers are implementing, or are considering for 2026, Centers of Excellence to enhance mental health support (41%), improving provider quality (41%) and increasing provider access (44%). Other areas of focus and investment to strengthen the attractiveness of benefit offerings include expanding fertility coverage, offering paid parental leave and strengthening disability coverage. Along with these investments, employers identified equally important strategic opportunities to control costs over the next three years. The most popular method was to perform a medical and/or pharmacy RFP (81%). Additional cost-saving initiatives identified by a large majority of respondents include evaluating medical stop-loss captives (76%), utilizing various audits and assessment tools (75%), adding or enhancing transparency tools (71%) and introducing virtual primary care (70%). Given the increasing share of prescription drug benefit costs in overall employer health care spend, the survey asked employers about GLP-1s coverage and their use for weight loss by plan members. While 70% of employers surveyed say they cover GLP-1s for weight-loss, 78% of this cohort currently have control measures in place, ranging from standard formulary restrictions to site-of-care stipulations. For 2026, 85% of these employers are considering additional GLP-1 weight-loss restrictions, such as required step therapy and lifestyle management programs. Executive Summary Please download an Executive Summary of the Brown & Brown Employer Health and Benefits Strategy Survey, 2025 by visiting Upcoming Webinar Members of the media and other interested parties are encouraged to register for a webinar about the survey results on Tuesday, June 17, 12:00 PM – 1:00 PM ET. Register here: About the Survey The Brown & Brown Employer Health and Benefits Strategy Survey, 2025, gathered responses from 760 employers. Participating employers had at least 200 employees based in the U.S. The survey explores a wide array of key strategic issues and opportunities facing employers who sponsor employee health and benefits plans. The survey was fielded from October 24 through December 6, 2024. The margin of error is +/- 4%. About Brown & Brown, Inc. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing enhanced customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at View source version on Contacts Media Contact: Bruce M. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
