BROWN & BROWN, INC.BRO

Market cap

$23B

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	Dec 31, 2023	Dec 31, 2024
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	4,199	4,705
Investment income	-	-	-	1	1	1	1	2	3	6	3	1	7	52	93
Other Income	5	6	10	7	8	3	2	22	2	2	4	3	4	5	7
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	4,257	4,805
Employee compensation and benefits	488	509	609	683	792	841	925	995	1,069	1,308	1,436	1,637	1,817	2,187	2,406
Other operating expenses	136	144	174	196	235	251	263	283	332	377	366	403	597	650	710
Gain on disposal	-	-	-	-	47	1	1	2	2	10	2	10	5	143	31
Amortization	51	55	64	68	83	87	87	85	87	105	109	120	147	166	178
Depreciation	13	12	15	17	21	21	21	23	23	23	26	33	39	40	44
Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193
Change in estimated acquisition earn-out payables	-	-	-	-	-	-	-	-	-	-1	-4	40	-39	22	2
Total expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,502
Income before income taxes	-	-	-	-	-	-	-	-	-	526	624	763	876	1,146	1,303
Income taxes	104	107	121	140	133	159	166	50	118	127	144	176	204	276	301
Net income before non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,002
Net Income (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9
Net income attributable to the Company	162	164	184	217	207	243	257	400	344	399	480	587	672	871	1,002
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	3.07	3.48
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	3.05	3.46
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	0.48	-