
Brown & Brown
1.15 %
27.44 %
Yet to be announced
Company Overview
Brown & Brown, Inc. operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas.
Revenue Sources
PassBrown & Brown's primary revenue streams come from insurance brokerage services, which involve facilitating insurance coverage between carriers and clients. The company earns commissions and fees for these services, which are halal as they represent payment for legitimate business services. The company does not operate in gambling, alcohol, tobacco, or other haram industries.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
June 30, 2024 | $1.13b | $49.0m | $-49,000,000.0 | $49.0m | 4.34% | 100.00% |
March 31, 2024 | $1.21b | $48.0m | $-48,000,000.0 | $48.0m | 3.97% | 100.00% |
Dec. 31, 2023 | $978.2m | $47.9m | $-48,000,000.0 | $47.9m | 4.90% | 100.00% |
Looking at the last four quarters of financial data, interest expense has remained relatively consistent, ranging between $47.9M to $49M per quarter. When compared to total expenses, the interest expense ratios fall below concerning levels. The interest expenses are primarily related to normal business operations and financing activities rather than interest-based revenue generation.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in the United States and has no documented direct business relationships with the state of Israel or the Chinese Communist Party.
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