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Brown & Brown Dealer Services company logo
Corporation
FINANCIAL | Insurance / Insurance Broker
bbinsservices.com

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About Brown & Brown Dealer Services

Brown & Brown Dealer Services is an independent insurance brokerage that provides a variety of insurance solutions and services to corporations, public entities, institutions, professional organizations, associations, individuals, and more.

Brown & Brown Dealer Services Headquarter Location

Columbia, Kentucky,

United States

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Latest Brown & Brown Dealer Services News

Brown & Brown reports $129mn increase in revenues during Q2

Jul 27, 2021

Reinsurance News Brown & Brown has announced GAAP revenues for the second quarter of 2021 totalling $727.3 million, up $128.5 million from the prior year period. Net income was $139.3 million, increasing $42.5 million, or 43.9%. Compared to the second quarter of the prior year with commissions and fees increased by 21.3% and Organic Revenue increasing by 14.7%. GAAP Revenues for the first half of 2021 were $1,542.6 million, increasing $245.3 million, or 18.9%, as compared to the same period in 2020, with commissions and fees increasing by 18.9%, and Organic Revenue increasing by 12.1%. Net income was $339.0 million, increasing $89.8 million, or 36.0%, and diluted net income per share for the period increased to $1.20, or 36.4%, each as compared to the same period of 2020. Diluted Net Income Per Share – Adjusted increased to $1.19 or 40.0% compared to the same period of 2020. J. Powell Brown, President and Chief Executive Officer of the Company, noted, “Our team delivered outstanding results for the second quarter, driven by strong Organic Revenue growth in each of our four segments.”

Brown & Brown Dealer Services Acquisitions

2 Acquisitions

Brown & Brown Dealer Services acquired 2 companies. Their latest acquisition was Maj Companies on December 09, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/9/2020

Acquired

1

4/2/2020

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$99M

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10

Date

12/9/2020

4/2/2020

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

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