Today, we’re looking at one of our favorite investing strategies…
Our founder Porter Stansberry has said that property and casualty (P&C) insurance is the “world’s best business.” These companies receive upfront premiums from their customers and pay claims later.
All in all, they aim to pay out less than they bring in. That leaves insurers – like today’s – holding plenty of extra cash to invest and reward shareholders with…
Brown & Brown (BRO) is America’s fifth-largest independent insurance brokerage. It sells P&C insurance, as well as employee benefits programs… And its customers range from large corporations and governments to families and individuals.
Right now, Brown & Brown’s business is booming across all of its segments. In the most recent quarter, the company reported net income was up 44% year over year to $139 million. On top of that, it has rewarded shareholders by raising dividends for 27 consecutive years.
In May 2020, our colleague Dan Ferris recommended shares of BRO to his Extreme Value subscribers. Readers who followed his advice are up 54%… On top of that, the stock recently hit a fresh all-time high. Congrats to Dan on another great call!
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Source: Daily Wealth’s Market Notes