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For owners and executives of private insurance brokers, Brown & Brown's first quarter earnings call provides a treasure trove of information. Sica | Fletcher believes Brown & Brown is the publicly traded company that is most comparable to private, middlemarket U.S. insurance brokers. billion of debt given the 6.0x
Pricing – Premium is generally in the range of 2.25% to 3.00% of the policy limit (or $22,500 to $30,000 per $1 million of coverage), including broker commissions (10-20% of the premium) plus underwriting fees (typically between $25,000 and $50,000) and a premium tax.
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