Brown & Brown, Inc., founded in 1939 and headquartered in Daytona Beach, Florida, is one of the largest independent insurance intermediaries in the United States. The company specializes in a range of insurance services, including retail and wholesale insurance brokerage, employee benefits, and risk management solutions.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Brown & Brown began issuing bonds in the early 2000s to fund acquisitions and support growth initiatives. Notably, the company issued a $300 million bond in 2018, which featured a 4.125% coupon rate and was well-received in the market, reflecting its strong credit profile. Currently, Brown & Brown's bonds offer competitive yields compared to industry peers, making them an attractive option for fixed-income investors seeking stability in their portfolios.