Brown & Brown has acquired American Adventure Insurance, enhancing its dealership insurance solutions nationwide.
Quiver AI Summary
Brown & Brown, Inc. has announced the acquisition of the assets of The Protectorate Group Insurance Agency, Inc., operating as American Adventure Insurance. This agency specializes in providing insurance solutions at automotive dealerships for various vehicles, including motor homes and motorcycles, as well as offering F&I products and commercial insurance solutions. Paul Bender, the owner of American Adventure, will lead the team as they integrate into Brown & Brown Dealer Services (BBDS), reporting to BBDS President Mike Neal. Both leaders expressed enthusiasm about the merger, highlighting the potential to enhance services for over 1,500 dealerships nationwide with a broad range of insurance products and expertise. Brown & Brown, a prominent insurance brokerage firm since 1939, aims to leverage this acquisition to scale its offerings while maintaining a strong focus on dealer and customer support.
Potential Positives
- Brown & Brown, Inc. has successfully acquired American Adventure, enhancing its capabilities in providing insurance solutions at dealerships.
- The acquisition will enable Brown & Brown's Dealer Services to expand its innovative solutions for automotive dealers across the country, leveraging American Adventure's established network of over 1,500 dealerships.
- Paul Bender, with over 30 years of industry experience, will lead the American Adventure team, ensuring continuity and expertise in service delivery to dealership partners.
- The integration of American Adventure into BBDS represents a strategic move to enhance service offerings and scalability without losing operational efficiency.
Potential Negatives
- Potential integration risks and challenges associated with the acquisition of American Adventure could negatively impact Brown & Brown's operations.
- The forward-looking statements include inherent uncertainties that may result in actual results differing materially from expectations, which could affect investor confidence.
- The press release notes that factors relevant to the transaction could materially affect Brown & Brown’s financial results and conditions, indicating potential financial instability following the acquisition.
FAQ
What company has Brown & Brown, Inc. recently acquired?
Brown & Brown, Inc. has acquired the assets of The Protectorate Group Insurance Agency, Inc., doing business as American Adventure Insurance.
What services does American Adventure provide?
American Adventure specializes in insurance solutions for various vehicles, including motor homes, boats, motorcycles, and F&I products for automotive dealers.
Who is the leader of American Adventure Insurance?
Paul Bender, who has over 30 years of experience in the industry, leads American Adventure Insurance.
How will the acquisition benefit Brown & Brown Dealer Services?
The acquisition will expand and enhance BBDS's capabilities, providing additional innovative solutions for dealers across the country.
What is the history of Brown & Brown, Inc.?
Brown & Brown, Inc. has been delivering customized insurance solutions since 1939 and operates in over 700 locations globally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BRO Revenue
$BRO had revenues of $1.6B in Q4 2025. This is an increase of 38.53% from the same period in the prior year.
You can track BRO financials on Quiver Quantitative's BRO stock page.
$BRO Congressional Stock Trading
Members of Congress have traded $BRO stock 18 times in the past 6 months. Of those trades, 11 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $BRO stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/18 and 1 sale worth up to $15,000 on 01/09.
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 6 times. They made 6 purchases worth up to $90,000 on 12/12, 12/05, 11/20, 10/31, 10/29, 09/18 and 0 sales.
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 12/11.
- REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.
- REPRESENTATIVE BYRON DONALDS has traded it 5 times. They made 3 purchases worth up to $45,000 on 10/24, 10/09 and 2 sales worth up to $30,000 on 09/04.
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$BRO Hedge Fund Activity
We have seen 409 institutional investors add shares of $BRO stock to their portfolio, and 547 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 5,206,846 shares (-98.9%) from their portfolio in Q3 2025, for an estimated $488,350,086
- CAPITAL INTERNATIONAL INVESTORS added 4,663,165 shares (+inf%) to their portfolio in Q4 2025, for an estimated $371,654,250
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,628,321 shares (-75.6%) from their portfolio in Q4 2025, for an estimated $368,877,183
- BALYASNY ASSET MANAGEMENT L.P. removed 4,440,154 shares (-99.6%) from their portfolio in Q3 2025, for an estimated $416,442,043
- FMR LLC added 3,513,727 shares (+41.6%) to their portfolio in Q3 2025, for an estimated $329,552,455
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. added 2,589,048 shares (+132.8%) to their portfolio in Q4 2025, for an estimated $206,347,125
- NORGES BANK added 2,572,629 shares (+65.8%) to their portfolio in Q4 2025, for an estimated $205,038,531
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BRO Analyst Ratings
Wall Street analysts have issued reports on $BRO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 01/15/2026
To track analyst ratings and price targets for $BRO, check out Quiver Quantitative's $BRO forecast page.
$BRO Price Targets
Multiple analysts have issued price targets for $BRO recently. We have seen 12 analysts offer price targets for $BRO in the last 6 months, with a median target of $82.5.
Here are some recent targets:
- Elyse Greenspan from Wells Fargo set a target price of $78.0 on 02/13/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $73.0 on 01/29/2026
- Bob Huang from Morgan Stanley set a target price of $78.0 on 01/29/2026
- Weston Bloomer from UBS set a target price of $81.0 on 01/29/2026
- Michael Zaremski from BMO Capital set a target price of $81.0 on 01/29/2026
- Matthew Heimermann from Citigroup set a target price of $83.0 on 01/28/2026
- Yaron Kinar from Mizuho set a target price of $84.0 on 01/28/2026
Full Release
DAYTONA BEACH, Fla., Feb. 17, 2026 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Paul Bender, the owner of The Protectorate Group Insurance Agency, Inc., doing business as American Adventure Insurance (“ American Adventure ”), today announced that Brown & Brown Dealer Services (“ BBDS ”) has acquired the assets of American Adventure.
American Adventure specializes in providing insurance solutions at the dealership for all types of vehicles, including motor homes, travel trailers, campers, boats, personal watercrafts, motorcycles and more. American Adventure also provides F&I products to automotive dealers and commercial insurance solutions. American Adventure is led by Paul Bender, who has over 30 years of experience partnering with dealers to provide on-the-spot insurance products for their customers. The American Adventure team will join Brown & Brown Dealer Services and continue to operate nationwide. Paul and the team will report to Mike Neal, president of BBDS.
Mike Neal, president of BBDS, stated, “Paul is a recognized authority in enabling his dealer partners by providing best-in-class insurance products for their shared customers. The American Adventure team will expand and enhance BBDS's capabilities and provide us with additional innovative solutions for our dealers across the country. We look forward to Paul and the team joining Brown & Brown.”
Paul Bender said, “I’ve been building this dealer-centric model since 1992, American Adventure is what that original DNA looks like today—move quickly, take care of dealers and their customers. Our network of more than 1,500 dealerships, combined with Brown & Brown’s depth of products and expertise, gives our people and partners a platform built to help us scale without losing our edge, and I couldn’t be more excited to build the next chapter with Mike and the BBDS team.”
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.
This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.
For more information:
R. Andrew Watts
Chief financial officer
(386) 239-5770