Brown & Brown Inc. has successfully acquired all assets of Profits Creation Corp. to consolidate its presence in the Southeast, aligning with a broader industry trend of strategic mergers and acquisitions. This move comes as shares of major insurance brokers, including Brown & Brown, face notable declines, with losses reported between 8.6% and 38.7% over the past year. Despite these market challenges, the firm is poised for growth, with plans to release its second-quarter earnings on July 25, 2022, followed by an investor update conference call led by CEO J. Powell Brown.
“Brown & Brown Inc. · has acquired · assets of Profits Creation Corp. · to consolidate presence in the Southeast”
“Brown & Brown, Inc. · will release · its 2022 second-quarter earnings · Monday, July 25, 2022, after the close of the market”
“J. Powell Brown · will host · an investor update conference call · concerning Brown & Brown's second-quarter 2022 financial results”
“The conference call · will be broadcast live on · Brown & Brown's website · 8:00 a.m. EDT”
“Brown & Brown, Inc. · is a leading · insurance brokerage firm · since 1939”
“Brown & Brown, Inc. · has more than · 12,000 teammates · in 350+ locations across the U.S. and select global markets”
“Brown & Brown, Inc. · announces · 2022 second-quarter earnings release · July 25, 2022”
“J. Powell Brown · is · president and chief executive officer · true”
“R. Andrew Watts · is · executive vice president and chief financial officer · true”
“Brown & Brown, Inc. · is · leading insurance brokerage firm · true”
“Brown & Brown, Inc. · was founded in · 1939 · true”
“Brown & Brown, Inc. · has · more than 12,000 teammates · true”