Hmm, I can't seem to properly identify the plant. The leaf rosettes/stem suggest it's an Echeveria but the flowers are a little odd, Echeverias usually have a sort of "trail" of flowers rather than a burst. It's perhaps a hybrid, though I have no idea which one or hybridised with what.
Either way, as with most succulents; It'll produce seed, but it's so fine it'll be difficult to use (though you can if you want!). Propagation is generally done from leaf or stem cuttings.