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Brown Plus Emerges as a Leading Audit Firm in 2024

In a notable achievement for the accounting sector, Brown Plus has been recognized as one of the largest audit firms serving the property and casualty (P&C) insurance market in the United States. Following a rigorous evaluation by AM Best, the firm has secured a spot on the prestigious list of the Top Audit and Actuarial Firms for 2024. This accolade reaffirms Brown Plus's reputation for excellence in the insurance audit domain.

Consistent Recognition in the Industry

This recognition marks the fourth consecutive year that Brown Plus has earned this esteemed distinction. In the latest rankings, the firm was placed as the 23rd largest audit firm in the U.S., evaluated based on the loss reserves of its P&C insurance clientele. This ranking has remained consistent for Brown Plus since 2021, signifying their steadfast commitment to providing top-notch audit services.

Moreover, based on the total number of P&C insurance clients served, Brown Plus has made significant strides by attaining the 9th position among U.S. audit firms for the first time. This is a remarkable feat that underscores the growth and expansion of its services within the insurance sector.

Leadership Insights

Ken Wolfe, CPA and President of Brown Plus, expressed gratitude for this recognition, stating, “We are honored to receive such esteemed acknowledgment from AM Best, which affirms our position among the leading practices serving P&C insurance companies nationwide.” Ken emphasized the importance of their skilled team, remarking, “The expertise and dedication of our team enable us to deliver tailored, industry-specific services that meet the unique needs of our clients. This recognition reflects the trust our clients place in us and the robust relationships we’ve cultivated in the industry.”

Understanding AM Best Rankings

AM Best’s Top Audit and Actuarial Firms list serves as a vital resource for identifying independent accountants who perform audit functions on the annual financial statements of P&C insurers, along with actuaries providing essential actuarial opinions on policy and claim reserves. This ranking encompasses the top 25 firms based on the total loss reserves of their P&C client bases. The firms included must demonstrate a firm grasp of statutory financial accounting and remain updated with evolving regulatory standards, ensuring that they meet compliance requirements effectively.

Comprehensive Services and Clientele

The Insurance Practice at Brown Plus is composed of experienced professionals who offer a comprehensive suite of attest, tax, and advisory services tailored to insurers across the nation. The firm prides itself on having a diverse client portfolio, serving 31 P&C insurance companies in 2024, with an impressive client range spanning from $1 million to over $300 million in direct premiums written.

Additionally, Brown Plus’s clientele consists of self-insurance groups, risk retention groups, and various other insurance entities, contributing to a total of over 100 insurance clients across P&C, life, and health insurance sectors. This broad service profile demonstrates the firm's versatility and ability to meet the needs of various segments within the insurance landscape.

Commitment to Excellence

Brown Plus continues to excel, ensuring that their clients receive unparalleled expertise and service quality. For those interested in learning more about the Brown Plus Insurance Practice, further information is available at their website. Through this dedication to excellence, Brown Plus not only solidifies its place within the top ranks of audit firms but also reinforces the value it provides to its clientele.

For details regarding the AM Best's Top Audit and Actuarial Firms list, visit their official page.

About Brown Plus

Brown Plus is recognized as a leading accounting and advisory firm, delivering attest, tax, and advisory services across the United States. Ranked as the 199th largest accounting firm, it also boasts recognition as the #3 Best Accounting Firm to Work For in the mid-sized category and holds the title of a Top Regional Firm in the Mid-Atlantic. The firm’s commitment to creating an exceptional workplace has earned it accolades such as the #1 Best Place to Work in Pennsylvania for medium-sized companies.

For more on Brown Plus, check their site.