BROWN & BROWN, INC.BRO

Market cap

$29.2B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022
Commissions and fees	967	1,006	1,189	1,356	1,567	1,657	1,763	1,857	2,010	2,385	2,606	3,048	3,563
Investment income	-	-	-	1	1	1	1	2	3	6	3	1	7
Other Income	5	6	10	7	8	3	2	22	2	2	4	3	4
Total revenues	973	1,014	1,200	1,363	1,576	1,661	1,767	1,881	2,014	2,392	2,613	3,051	3,573
Employee compensation and benefits	488	509	609	683	792	841	925	995	1,069	1,308	1,436	1,637	1,817
Other operating expenses	136	144	174	196	235	251	263	283	332	377	366	403	597
(Gain)/loss on disposal	-	-	-	-	47	1	1	2	2	10	2	10	5
Amortization	51	55	64	68	83	87	87	85	87	105	109	120	147
Depreciation	13	12	15	17	21	21	21	23	23	23	26	33	39
Interest	14	14	16	16	28	39	39	38	41	64	59	65	141
Change in estimated acquisition earn-out payables	-	-	-	-	-	-	-	-	-	-1	-4	40	-39
Total expenses	707	743	895	1,006	1,236	1,258	1,343	1,432	1,552	1,866	1,989	2,289	2,697
Income before income taxes	266	271	305	358	340	403	423	450	462	526	624	763	876
Income taxes	104	107	121	140	133	159	166	50	118	127	144	176	204
Net income	162	164	184	217	207	243	257	400	344	399	480	587	672
Basic	1.14	1.15	1.28	1.5	1.43	1.72	1.84	2.86	1.24	1.42	1.7	2.08	2.38
Diluted	1.12	1.13	1.26	1.48	1.41	1.7	1.82	2.81	1.22	1.4	1.69	2.07	2.37
Dividends declared per share	0.313	0.325	0.345	0.37	0.41	0.45	0.503	0.56	0.31	0.33	0.35	0.38	0.42