BROWN & BROWN, INC.BRO

時価総額

$230.2億

PER

保険仲介・プログラム運営の大手。リテール・ホールセール仲介、プログラム管理、キャプティブ運用を展開。2024年に32件の買収を実施、従業員数は2024年12月31日時点で17,403人。米国中心に欧州・アジアで展開。

	2010年 12月31日	2011年 12月31日	2012年 12月31日	2013年 12月31日	2014年 12月31日	2015年 12月31日	2016年 12月31日	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,002
Amortization	-	-	-	-	-	-	-	-	-	105	109	120	147	166	178
Depreciation	13	12	15	17	21	21	21	23	23	23	26	33	39	40	44
Non-cash stock-based compensation	7	11	16	23	19	16	16	31	34	47	60	61	66	89	101
Change in estimated acquisition earn-out payables	-	-	-	-	-	-	-	-	-	-1	-4	40	-39	22	2
Deferred income taxes	23	30	33	32	7	23	18	-102	15	12	16	34	43	12	13
Amortization of Debt Discount (Premium)	-	-	-	-	0	0	0	0	2	2	2	3	4	1	-
Amortization of discounts and premiums, investment	-	-	-	-	-	-	-0	-0	0	0	-0	-0	-0	-3	-
Net (gain)/loss on sales/disposals of businesses, investments, fixed assets and customer accounts	-	-	-	-	-	-	-	-	-	-	-	-	-	140	-
Net gain on sales/disposals of investments, businesses, fixed assets and customer accounts	1	2	4	3	-42	0	-1	2	2	10	1	7	4	-	29
Payments on acquisition earn-outs in excess of original estimated payables	-	1	4	3	3	11	4	15	13	0	5	21	30	29	37
Effect of changes in foreign exchange rate changes	-	-	-	-	-	-	-	-	-	-	-	0	-1	0	-
Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5
Commissions, fees and other receivables (increase) decrease	-3	21	11	41	11	7	64	43	94	87	135	73	61	106	94
Reinsurance recoverable (increase) decrease	-	-	-	-	-12	19	46	400	-412	-7	-15	20	768	-706	1,402
Prepaid reinsurance premiums (increase) decrease	-	-	-	-	32	-11	-1	12	17	28	12	15	1	68	58
Other assets (increase) decrease	-15	7	-2	3	13	5	5	10	22	47	43	54	18	118	98
Losses and loss adjustment reserve increase (decrease)	-	-	-	-	-	19	46	399	-412	-7	-15	20	778	-710	1,411
Unearned premiums increase (decrease)	-	-	-	-	32	-11	-1	12	17	28	12	15	20	50	115
Accounts payable increase (decrease)	28	-3	37	5	37	34	30	27	22	18	108	51	124	260	-47
Accrued expenses and other liabilities increase (decrease)	-	4	-43	71	12	8	9	26	23	43	35	67	37	43	35
Other liabilities increase (decrease)	-5	-6	-24	-13	-25	-24	-26	-32	-9	16	-72	-47	-128	-83	33
Net cash provided by operating activities	296	238	220	389	-	-	-	-	-	678	722	942	881	1,010	1,174
Additions to fixed assets	10	14	24	16	25	18	18	24	42	73	71	45	53	69	82
Payments for businesses acquired, net of cash acquired	158	166	425	368	696	136	123	41	924	353	695	367	1,928	631	890
Proceeds from sales of businesses, fixed assets and customer accounts	-	-	-	-	-	-	-	-	-	-	-	-	-	107	70
Proceeds from Sale of Productive Assets	2	4	14	6	14	11	5	4	5	22	10	17	60	-	-
Purchases of investments	9	13	11	18	18	23	26	11	9	18	14	12	0	7	7
Proceeds from sales of investments	9	13	11	16	18	22	19	10	18	8	11	11	7	13	11
Net cash used in investing activities	-166	-176	-435	-381	-	-	-	-	-	-414	-759	-397	-1,913	-587	-898
Fiduciary receivables and liabilities, net	-	-	-	-	-	-	-	-	-	-	-	-	-96	-188	-191
Deferred acquisition purchase payment	-	-	-	-	-	-	-	-	-	-	-	-	5	-	-
Payments on acquisition earn-outs	-2	9	14	15	10	25	24	29	14	10	25	63	76	90	117
Proceeds from long-term debt	-	100	200	30	1,048	-	-	-	300	350	700	-	2,000	-	599
Payments on long-term debt	19	102	1	0	330	46	73	97	120	50	55	73	61	251	719
Deferred debt issuance costs	-	-	-	-	-	-	-	3	1	4	7	3	23	-	5
Proceeds from Lines of Credit	-	-	100	32	475	-	-	-	600	100	250	-	350	420	500
Payments on revolving credit facilities	-	-	100	32	475	-	-	-	250	350	350	-	350	320	350
Proceeds from Stock Options Exercised	11	9	13	12	15	16	16	17	19	25	30	34	38	40	44
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	10	1	9	1	3	3	8	8	12	11	41	50	49	40	55
Purchase of treasury stock	-	-	-	-	75	164	19	129	91	59	55	83	74	0	-
Cash dividends paid	44	46	50	54	59	64	70	78	85	91	101	107	120	135	154
Other financing activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2
Net cash (used in) provided by financing activities	-54	-48	149	-26	-	-	-	-	-	-79	346	-344	1,725	-187	-64
Effect of foreign exchange rate changes on cash and cash equivalents inclusive of fiduciary cash	-	-	-	-	-	-	-	-	-	-	-	-	-131	34	-13
Net increase in cash and cash equivalents inclusive of fiduciary cash	-	-	-	-	-	-	-	-	-	185	309	198	563	270	199