Executive Bio
Former VP of Business Development at Brown & Brown
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Brown & Brown is a family-owned insurance broker catering to middle market customers. The business has increased revenue every year since 1993 (the year it went public) with the exception of 2009 when revenues fell 1%. Brown & Brown uses its free cash to acquire new agencies, and its success in reinvesting nearly all of its free cash flow in this manner has led to a consistent market-beating compounder.
About 35% of the stock is in the hands of the Brown family, management and employees providing strong alignment with shareholders. The firm also boasts an industry leading cash flow conversion ratio, converting ~25% of revenue to free cash flow.
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Interviews hosted by one of our investor partners are only available in text format.