Is Brown & Brown Stock Underperforming the Nasdaq?

Brown & Brown, Inc. (BRO) is a leading Florida-based insurance brokerage and risk management firm. Founded in 1939, the company provides insurance brokerage, risk management, and related services to businesses, government entities, professional organizations, and individuals. Rather than underwriting insurance itself, Brown & Brown acts as an intermediary, helping clients identify risks, secure coverage from insurers, and manage claims and employee benefit programs.

Companies worth $10 billion or more are generally described as “large-cap stocks,” and BRO, with a market cap of $23.3 billion, perfectly fits that description, underscoring its size, influence, and dominance within the insurance brokerage industry.