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With a market cap of $31.9 billion, Brown & Brown, Inc. (BRO) is a leading insurance brokerage firm that provides a wide range of insurance products, risk management solutions, and claims administration services through its Retail, National Programs, Wholesale Brokerage, and Services segments. It serves commercial, public, professional, and individual clients through a nationwide network of independent agents and brokers.
The insurance company's shares have outperformed the broader market over the past 52 weeks. BRO has increased nearly 33% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 17.7%. Moreover, shares of BRO are up 9.8% on a YTD basis, compared to SPX’s 1.8% gain.
