Brown & Brown Inc. (BRO) 宣布以100亿美元收购Accession风险管理集团

Key Data __________________________________ GS Forecast ________________________________ GS Factor Profile ____________________________ Source: Company data, Goldman Sachs Research estimates. See disclosures for details.Market cap: $29.7bn3m ADTV: $204.9mnUnited StatesAmericas InsuranceM&A Rank: 312/2412/25E12/26E12/27ENet prem. ($ mn)--------Adj. net inc. ($ mn)1,100.01,185.61,329.71,475.9EPS ($)3.864.144.665.18P/E (X)24.225.522.620.4P/B (X)4.54.13.63.2ROE (%)15.413.713.713.7Dividend yield (%)0.60.60.70.73/256/25E9/25E12/25EEPS ($)1.280.990.950.91BRO relative to Americas CoverageBRO relative to Americas InsuranceGrowthFinancial ReturnsMultipleIntegratedPercentile20th40th60th80th100th BRO announced (6/10/2025) the signing of a definitive agreement to acquire Accession Risk Management Group (Accession) for a total consideration of $9.825bn ($9.225bn after giving effect to a $600mn deferred tax asset) at the time of close, representing a ~15.7x multiple on Accession 2024 adjusted EBI