Brown and Brown of WA, Inc.
Brown and Brown (NYSE: BRO), is the 6th largest insurance Brokerage in the United States and 7th largest in the World (as reported by Business Insurance magazine) with revenues of over $965 million in 2008, and so has the market clout to place insurance for large nationally based clients as well as local and regional ones.
From our home office in Daytona Beach, Brown and Brown has now expanded to 38 states. In the Pacific Northwest, Brown and Brown acquired the Raleigh, Schwartz & Powell and Bob Matson agencies in late 2001, followed by rapid growth in both the retail and wholesale insurance arenas. In Washington State, current revenues exceed $33.2 million. With specialty insurance products in-house for tribal and marine insurance, Brown & Brown of Washington is an industry leader in Seattle.
Brown & Brown is one of the selected companies that comprise the Standard & Poor's Mid-Cap 400 Index. In September 2007 FORBES.COM ranked Brown & Brown #16 on its 2007 list of "The 100 Best Mid-Cap Stocks in America." FORBES magazine ranked Brown & Brown at #48 on its 2005 list of "America's Best Small Companies." FORTUNE magazine ranked Brown & Brown at #69 on its 2004 list of "America's 100 Fastest-Growing Companies."
Starting in 2004, and continuing every year since, Brown & Brown has been designated as a Mergent's Dividend Index Achiever. This distinct honor is based on a record of 10 or more consecutive years of dividend increases, which has been achieved by less than 3% of U.S. listed dividend-paying companies.
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