Stock Monitor: Crawford Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want access to our free research report on Brown & Brown, Inc. (NYSE: BRO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BRO as the Company's latest news hit the wire. On May 14, 2018, the Company announced that the Company's subsidiary, Brown & Brown of Kentucky, Inc., has acquired substantially all of the assets of Automotive Development Group, LLC ("ADG"), a performance improvement company providing F&I training and auto warranty and related products for auto dealer clients across the United States. Financial details of the transaction remain undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Post-acquisition, ADG team will become part of the Brown & Brown auto, RV, and powersports practice, which operates under the leadership of Mike Neal, President of Brown & Brown of Kentucky, Inc.

ADG team will Complement Brown & Brown's Existing Operations and Bring More Solutions to its Clients

Mike Neal stated that as Brown & Brown presence in the auto/F&I space has continued to grow, the Company saw the need for a well-developed platform to enhance that growth. According to him, ADG has built a sophisticated program to deliver insurance products to its dealer partners while helping those partners optimize their operations.

Mike added that Brown & Brown believes the ADG team will complement the Company's existing operations and bring more solutions to its clients.

Partnering with Brown & Brown Gives ADG the Backing to Grow at a Much Faster Pace

Commenting on the acquisition, Joel Kansanback, Principal of ADG, mentioned that ADG felt like the changing automotive space provides a unique opportunity to really help dealers. Partnering with Brown & Brown gives it the backing to capitalize on that and grow at a much faster pace.

Brown & Brown's Recent Acquisition Deal

On May 01, 2018, the Company signed an agreement to acquire the Servco Pacific Insurance (SPI) operations in Hawaii and the Pacific Northwest. The transaction was expected to close in June 2018, subject to certain closing conditions. SPI is a multi-line insurance brokerage firm. Post-acquisition, SPI's Hawaii operations will become Brown & Brown's primary retail presence in the Hawaiian Islands, and SPI's Pacific Northwest operations will merge with Brown & Brown's existing office in Seattle, under the leadership of Alex Bogaard. The Hawaii operations will be led by Dean Hirahara and Malcolm Tajiri. The marine operation in the Pacific Northwest will continue to be led by Graham Gardner. All SPI operations will report up to John Esposito, Regional President of Brown & Brown.

Brown & Brown's Merger and Acquisition Strategy

Brown & Brown's merger and acquisition strategy plays an integral part in the Company's success and the success of its new partners. More than 250 agencies have joined Brown & Brown since 2000, in many cases due to relationships formed over the years. Brown & Brown invites agencies that have high-quality people with proven track records of customer service to join the Company's team. Each agency also brings increased marketing opportunities as well as improved relationships with insurance carriers that want to market services and products nationally.

About Brown & Brown, Inc.

Founded in 1939 and headquartered in Daytona Beach, Florida, Brown & Brown is an independent insurance intermediary that, through its licensed subsidiaries, provides a variety of insurance products and services to corporate, public entity, institutional, trade, professional, association, and individual clients. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.

Stock Performance Snapshot

May 15, 2018 - At Tuesday's closing bell, Brown & Brown's stock slightly declined 0.04%, ending the trading session at $27.23.

Volume traded for the day: 764.06 thousand shares.

Stock performance in the last month – up 4.49%; previous three-month period – up 5.62%; past twelve-month period – up 28.38%; and year-to-date - up 5.83%

After yesterday's close, Brown & Brown's market cap was at $7.51 billion.

Price to Earnings (P/E) ratio was at 15.69.

The stock has a dividend yield of 1.10%.

The stock is part of the Financial sector, categorized under the Insurance Brokers industry.

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