Brown & Brown, Inc.

Brown & Brown, Inc.

BROยทNYSE

$55.14

-2.6%
Financial ServicesInsurance - Brokers

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

At a Glance

Live Snapshot
Market Cap$18.69B
EPS3.4000
P/E Ratio16.22
Earnings Date07/27/2026
Brown & Brown, Inc.

Brown & Brown, Inc. Fair Value Envelope

BRO ยท NYSE

Our analysis suggests that BRO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $55.14, this represents a potential HIDDEN relative to our calculated worth for Brown & Brown, Inc..

Intrinsic Value
Current Price: $55.14

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$157.2B
+ Cash & Equivalents$1.1B
Firm Value$158.3B
- Debt$7.9B
Equity Value$150.4B
/ Shares Outstanding341,420,790B
DCF Value$441
UNDERVALUED BY 699%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.8B
$2.3B
$2.9B
$3.7B
$4.7B
$6.0B
$7.5B
$9.5B
$12.1B
$15.3B
Maintenance CapEx
-$17.2M
-$21.8M
-$27.6M
-$34.9M
-$44.2M
-$55.9M
-$70.7M
-$89.5M
-$113.3M
-$143.3M
Owner Earnings
$1.8B
$2.3B
$2.9B
$3.7B
$4.7B
$5.9B
$7.5B
$9.5B
$12.0B
$15.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.7B
$2.0B
$2.3B
$2.7B
$3.2B
$3.7B
$4.4B
$5.1B
$6.0B
$7.0B
Terminal Value represents 75.8% of Enterprise Value