Sign in

Mitch (on behalf of Greg Peters)

Research Analyst at Raymond James

Mitch, operating on behalf of Greg Peters, is an Equity Research Analyst at Raymond James specializing in insurance sector coverage, with a primary focus on major publicly traded insurance and financial companies. Under Greg Peters' track record, the team covers key firms such as Willis Towers Watson, and maintains a strong performance history with a success rate of around 68% and an average return exceeding 12% on stock recommendations. Greg Peters began his analyst career in the late 1990s, originally joining Raymond James in 1999, with additional experience at Everen Securities, ABN AMRO Inc., and as the co-founder and president of an insurance-focused private equity firm (now Skyward Specialty Insurance). Peters holds an MBA from DePaul University and a bachelor's degree from Drake University, and serves as chairperson of the CFA Society of New York’s Annual Insurance Conference, holding notable FINRA securities licenses and industry recognition.

Mitch (on behalf of Greg Peters)'s questions to BROWN & BROWN (BRO) leadership

Question · Q3 2025

Mitch (on behalf of Greg Peters) asked about the company's technology investments during the quarter, focusing on key areas and the directional run rate for 2026, and the outlook for the debt leverage target range post-AssuredPartners acquisition.

Answer

CEO Powell Brown described technology investments as an ongoing journey since 2016, focusing on leveraging data analytics and improving customer/teammate experience across distribution, retail, and enterprise levels. He noted early benefits and an innovation council. CFO Andrew Watts reiterated the gross debt leverage target of 0-3x and net 0-2.5x, expecting to return to these ranges in 12-18 months through scheduled paydowns and the company's natural ability to reduce leverage by 0.25-0.5 turns annually.

Ask follow-up questions

Question · Q3 2025

Mitch asked about the outlook for Brown & Brown's debt leverage target range following the close of the AssuredPartners deal.

Answer

Andrew Watts, CFO, reiterated the public target of 0x-3x gross debt leverage to EBITDA (0x-2.5x net). He expects to return to these ranges in 12-18 months through scheduled paydowns and incremental payments, noting the organization naturally reduces leverage by 0.25-0.5 turns annually.

Ask follow-up questions

Get Instant Answers from SEC Filings & Earnings Calls

Ask complex financial questions and get precise answers in seconds. Fintool scans millions of documents to surface insights beyond timely human analysis.

Search across 8,000+ companies
Access millions of SEC filings & transcripts
Get answers cited to the source
Try Fintool for Free

Trusted by leading investment firms and analysts