Lots to Learn from Brown & Brown Insurance's Q1 Earnings Call
Sica Fletcher
MAY 8, 2020
That is, for every $1 of EBITDA they have $6 of debt. billion of debt given the 6.0x Yet, BRO shows a net debt of only $1.5 Ironically, this is historically significant for BRO given that in 2011 they only had $251 million of debt. If BRO followed that same model they would have $4.3 2019 EBITDAC of $717 million.
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