BRO 10-K Annual Reports

Brown & Brown, Inc. reported robust performance for the fiscal year ended December 31, 2025, with total revenues reaching $5.902 billion, a significant increase of 22.8% over the prior year. This growth was largely driven by strong core commissions and fees, which rose by 21.3%, fueled by both organic growth and strategic acquisitions, most notably the significant acquisition of Accession Risk Management Group, Inc. The company's business segments, Retail and Specialty Distribution, both demonstrated growth, with the Retail segment contributing 58.7% of total revenues and the Specialty Distribution segment accounting for 41.3%. Despite increased expenses, particularly related to acquisitions and integration, the company maintained healthy profitability and expanded its EBITDAC - Adjusted margin, indicating efficient operations. The company's strategic focus on growth through acquisitions remains a key driver of its financial results. The significant increase in debt to finance these acquisitions is a notable factor for investors to consider, alongside the company's ongoing efforts to manage its capital structure and operational efficiency. Brown & Brown's commitment to its "teammate" culture and investment in employee development and well-being continue to support its decentralized operational model, which has historically contributed to its success.

Brown & Brown, Inc. (BRO) demonstrated robust financial performance in 2024, with total revenues reaching $4.8 billion, a 12.9% increase year-over-year. This growth was primarily driven by strong organic revenue growth of 10.4% and strategic acquisitions, contributing to a consolidated increase in core commissions and fees of 11.6% to $4.5 billion. The company's diversified business segments—Retail, Programs, and Wholesale Brokerage—all showed positive revenue trends, with the Programs segment exhibiting the highest organic revenue growth rate at 22.4%. Net income attributable to the Company grew by 14.0% to $993 million, reflecting effective management of expenses and a solid income before income taxes margin of 27.1%. Acquisitions remain a key component of Brown & Brown's growth strategy, with 32 acquisitions completed in 2024, totaling $890 million in net cash paid. This aggressive acquisition approach, combined with strong organic growth and operational efficiencies, positions the company for continued expansion. The company also maintained a solid liquidity profile, with $675 million in cash and cash equivalents and significant capacity under its revolving credit facility. Management remains focused on delivering value to shareholders through a combination of profitable growth and strategic capital deployment.

Brown & Brown, Inc. (BRO) demonstrated robust financial performance in 2023, driven by strong organic revenue growth and strategic acquisitions. The company reported a significant increase in total revenues to $4.26 billion, up 19.1% from the prior year, with core commissions and fees growing by 17.1% to $4.07 billion. This growth was fueled by a solid organic revenue increase of 10.2%, indicating strong underlying business momentum across its segments. The company's diverse business segments, including Retail, National Programs, and Wholesale Brokerage, all contributed positively to revenue growth. The Services segment saw a slight decline in revenue, largely due to the sale of certain businesses in Q4 2023. Brown & Brown also successfully integrated numerous acquisitions, contributing significantly to its overall expansion. The company maintained healthy profitability, with income before income taxes increasing by 30.8% to $1.15 billion, and an improved income before income taxes margin of 26.9%. The balance sheet remains strong, with total assets growing to $14.88 billion, supported by effective capital management and a robust liquidity position. Brown & Brown continues to focus on its core strategies of strategic acquisitions and organic growth, emphasizing its people-centric culture and commitment to client service. The company's consistent revenue growth over decades, coupled with strategic capital allocation and a clear growth path, positions it favorably for continued success in the insurance intermediary market.

Brown & Brown, Inc. reported strong performance in 2022, with total revenues reaching $3.57 billion, a 17.1% increase compared to the previous year. This growth was primarily driven by acquisitions and a 8.1% organic revenue growth rate, indicating healthy expansion across its core business segments: Retail, National Programs, Wholesale Brokerage, and Services. The company's net income also saw a significant increase, reaching $671.8 million, up 14.4% from 2021. This robust financial performance reflects effective management and strategic execution, including successful integration of acquired businesses and a continued focus on sales and service culture. Brown & Brown's diversification across insurance segments provides resilience, while its commitment to talent development and operational efficiency supports its long-term growth trajectory.

Brown & Brown, Inc. (BRO) reported a strong financial performance for the fiscal year ended December 31, 2021, demonstrating significant growth across its diversified insurance intermediary operations. The company experienced a substantial increase in total revenues, driven by robust performance in its Retail and National Programs segments, supported by organic growth and strategic acquisitions. Net income also saw a healthy increase, reflecting effective cost management and operational efficiencies. The company's balance sheet remains solid, with ample liquidity and capacity for future growth initiatives, including ongoing strategic acquisitions. Management highlighted its commitment to its "teammates" and its strong corporate culture as key drivers of its success and consistent performance.

Brown & Brown, Inc. (BRO) reported strong performance for the fiscal year ended December 31, 2020, demonstrating resilience and continued growth in a challenging economic environment. The company achieved a 9.3% increase in total commissions and fees, reaching $2.61 billion, driven by organic revenue growth of 3.8% and strategic acquisitions. Net income saw a significant rise of 20.6% to $480.5 million. The company's diversified business model, spanning Retail, National Programs, Wholesale Brokerage, and Services segments, effectively navigated economic headwinds, with all segments contributing to revenue growth except for the Services segment, which experienced a slight decline. Financially, Brown & Brown maintained a solid liquidity position with $817.4 million in cash and cash equivalents and an expanded credit facility, providing ample resources for ongoing operations and future growth initiatives. The company continued its acquisition strategy, integrating 25 new businesses throughout the year. Management highlighted a strong focus on employee well-being and development as a key driver of its success. Despite the broader economic uncertainties presented by the COVID-19 pandemic, Brown & Brown exhibited robust financial health and operational execution, positioning it favorably for continued success.

Brown & Brown, Inc. (BRO) demonstrated strong revenue growth in 2019, with total revenues reaching $2.39 billion, an increase of 18.8% over the prior year. This growth was primarily driven by acquisitions, which contributed significantly to the company's core commissions and fees across all segments, particularly in the Retail segment. The company maintained healthy profitability, with net income rising to $398.5 million, up 15.8% from 2018. BRO's strategic focus on organic growth, coupled with its aggressive acquisition strategy, continues to be a key driver of its financial performance, reinforcing its position as a leading insurance intermediary. The company also reported a solid increase in its employee base, reflecting ongoing expansion and operational capacity. Looking ahead, Brown & Brown's financial health appears robust, supported by strong operating cash flow and a significant share repurchase program. The company's diversified business model across Retail, National Programs, Wholesale Brokerage, and Services segments provides resilience. Despite potential headwinds such as increased employee compensation expenses and integration costs from acquisitions, the company's consistent revenue and profit growth, along with a clear strategy for future expansion, position it favorably for continued success. Investors should note the company's ongoing investment in technology, which is expected to impact operating margins in the short term but is crucial for long-term competitiveness.

Brown & Brown, Inc. (BRO) presented a strong financial performance for the fiscal year ending December 31, 2018, demonstrating consistent revenue growth and profitability. The company operates as a diversified insurance intermediary, offering a wide array of insurance products and services across its four key segments: Retail, National Programs, Wholesale Brokerage, and Services. With a history of increasing revenues year-over-year, Brown & Brown's business model is characterized by a decentralized sales and service culture, focused on organic growth and strategic acquisitions. The company's financial health is robust, supported by substantial revenue from commissions and fees, which reached $2,009.9 million in 2018. This growth was driven by a combination of new and retained business, as well as contributions from acquisitions, with the Retail segment remaining the largest revenue generator. Brown & Brown also effectively manages its expenses, including employee compensation and benefits, while investing in technology and expanding its operational footprint across 42 states and internationally. The company's strong balance sheet and commitment to shareholder returns, evidenced by share repurchases and dividends, position it well for continued success in the competitive insurance market.

Brown & Brown, Inc. (BRO) demonstrated robust growth in its 2017 fiscal year, with total revenues increasing by 6.5% to $1.88 billion. The company's core business, driven by commissions and fees, saw a 5.4% increase, supported by strong organic revenue growth of 4.4%. This growth was consistent across all four operating segments: Retail, National Programs, Wholesale Brokerage, and Services, highlighting the diversified nature of their business model. Net income saw a significant surge of 55.2% to $399.6 million, largely influenced by a substantial legal settlement that contributed to "Other Income." The company continues its strategy of acquiring and integrating new businesses, having completed eleven acquisitions in 2017, adding to its already extensive network of 238 locations across 40 states and several international locations. The company's financial health remains strong, with operating cash flow of $442 million, allowing for continued investment in growth, dividend payments, and share repurchases. Despite a modest increase in employee compensation and benefits as a percentage of revenue, the company maintained operational efficiency. The acquisition strategy, coupled with consistent organic growth and a focus on customer service, positions Brown & Brown for continued success in the insurance intermediary market. Investors can find reassurance in the company's consistent revenue growth trajectory and its ability to effectively integrate acquisitions, contributing to an overall positive financial performance.

Brown & Brown, Inc. (BRO) demonstrated consistent revenue growth in its fiscal year ending December 31, 2016, with total revenues reaching $1.77 billion, an increase of 6.4% from the prior year. This growth was primarily driven by its Retail and National Programs segments, which together accounted for approximately 77.4% of total revenues. The company's strategic focus on acquisitions and organic growth continues to be a key driver of its financial performance. Operationally, Brown & Brown operates through four distinct segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment remains the largest contributor to revenue, while the National Programs segment showed strong organic growth. The company also maintained a healthy financial position, with total assets of $5.29 billion and significant shareholder equity. Management expressed confidence in continued organic revenue growth, anticipating positive results in the upcoming year based on current trends in insurable exposure units and premium rates.

Brown & Brown, Inc. (BRO) filed an amendment to its 2015 10-K annual report on February 29, 2016. While the provided excerpt focuses on exhibits and certifications, it signifies adherence to regulatory requirements for financial reporting. Investors should note that the presence of these exhibits, particularly the CEO and CFO certifications, indicates that the company has completed its annual financial review and is presenting it in accordance with SEC rules. This includes formal attestations from senior management regarding the accuracy and completeness of the financial statements and disclosures.

Brown & Brown, Inc. (BRO) reported solid performance in its 2015 10-K filing, highlighting continued revenue growth driven by both organic increases and strategic acquisitions. The company's diversified business model, encompassing Retail, National Programs, Wholesale Brokerage, and Services segments, demonstrated resilience. Total revenues reached $1.66 billion, marking an increase from the previous year, with core commissions and fees contributing the majority of this growth. The company's financial health appears robust, supported by healthy operating cash flows and a diversified revenue stream across its segments. Key areas of focus for investors include the company's ability to integrate acquisitions effectively, manage operating expenses, and navigate the competitive insurance intermediary landscape. The filing also detailed significant strategic initiatives, including substantial investment in growth through acquisitions, as evidenced by the purchase of The Wright Insurance Group, LLC and Beecher Carlson Holdings, Inc. The company's strong emphasis on a decentralized sales and service culture supports its long-term growth strategy. Despite macroeconomic uncertainties and industry competition, Brown & Brown has consistently grown revenues and net income over the years, underscoring its stable business model and effective management.

Brown & Brown, Inc. (BRO) filed its 2014 Form 10-K on March 2, 2015, providing a comprehensive overview of its business and financial performance for the year ended December 31, 2014. As a leading insurance intermediary, the company operates through distinct segments, primarily retail and wholesale brokerage, and offers a wide array of insurance products and services. Investors should note the company's consistent growth strategy, which often involves strategic acquisitions alongside organic expansion. For the fiscal year 2014, Brown & Brown demonstrated solid operational performance. The filing details the company's market position, risk factors inherent in the insurance industry, and its financial condition. Key financial metrics, while not explicitly detailed in the provided excerpt, would be thoroughly examined within the full report, particularly revenue streams, profitability, and balance sheet strength. The company's commitment to its growth-oriented strategy, its diversified business model, and its robust market presence are central themes for investor consideration.

Brown & Brown, Inc. (BRO) filed its 2013 10-K report on February 28, 2014, detailing its operations for the fiscal year ended December 31, 2013. The company, a leading provider of insurance and risk management products, operates through a decentralized model focused on empowering its local teams. The filing indicates a strong financial position, with its common stock registered on the New York Stock Exchange, and the company is classified as a large accelerated filer, signifying substantial market capitalization and a history of compliance. Key aspects for investors revolve around the company's business model, which emphasizes organic growth and strategic acquisitions, and its ability to navigate the competitive insurance brokerage landscape. Investors should note the company's commitment to delivering value through its diverse range of services and its established track record. The filing also highlights the company's ongoing efforts in managing risks and ensuring robust internal controls, crucial for maintaining investor confidence.

Brown & Brown, Inc. (BRO) filed its 2012 Form 10-K on March 1, 2013, detailing its operations as a diversified insurance agency and brokerage company. The company operates through various segments, including Retail, Wholesale Brokerage, and Services, serving a broad range of clients. The filing highlights the company's commitment to growth, both organic and through strategic acquisitions, a key tenet of its business model. Investors should note the company's strong market position and its ability to navigate the competitive insurance landscape. For the fiscal year ended December 31, 2012, Brown & Brown continued to demonstrate resilience and a focus on operational efficiency. The report provides insights into the company's financial performance, risk factors, and business strategy. Key areas of focus for investors include revenue generation, profitability, and the company's approach to market challenges and opportunities within the insurance industry. The information contained within this 10-K offers a comprehensive view of the company's standing and outlook.

Brown & Brown, Inc. (BRO) filed its annual report on Form 10-K for the fiscal year ended December 31, 2011, detailing its operations as a leading provider of insurance and risk management solutions. The company operates through a decentralized structure, focusing on acquired and retail insurance agencies. For the fiscal year 2011, the company reported a market capitalization of approximately $2.99 billion as of June 30, 2011, with over 143 million common shares outstanding as of February 20, 2012. The filing indicates Brown & Brown is a large accelerated filer, demonstrating its significant size and established reporting history. Investors can look to this report for insights into the company's business strategy, financial performance, risk factors, and overall operational stability. The inclusion of a website address and the incorporation by reference of its Proxy Statement for the 2012 Annual Meeting of Shareholders suggests transparency and accessibility of further information for interested parties.

Brown & Brown, Inc. (BRO) filed its annual report on Form 10-K for the fiscal year ended December 31, 2010. The filing indicates that the company is a well-known seasoned issuer and a large accelerated filer, signifying its established presence and significant market capitalization. The company's common stock is registered on the New York Stock Exchange, with a substantial market value of over $2.2 billion as of June 30, 2010, and approximately 142.5 million shares outstanding as of February 22, 2011. The report details various business segments, risk factors, financial data, and management's discussion of operations. Investors will find information related to the company's business operations, financial condition, and market risks within this comprehensive filing. The filing incorporates by reference portions of the company's Proxy Statement for its 2011 Annual Meeting of Shareholders into Part III, suggesting that further details on corporate governance, executive compensation, and security ownership will be available in that document. The extensive exhibit index reveals a robust corporate structure, including various agreements, stock plans, and subsidiary information, reflecting a well-established and complex business. The certifications from the CEO and CFO underscore adherence to regulatory reporting standards.

Brown & Brown, Inc. (BRO) experienced a challenging year in 2009, marked by a 0.1% decline in total revenues to $967.9 million, the first revenue decrease since 1993. This downturn was attributed to a prolonged "soft market" in insurance premium rates and, more significantly, a decline in "insurable exposure units" due to the weakening U.S. economy. Net income also saw a decrease, falling to $153.3 million from $166.1 million in 2008. Despite the revenue headwinds, the company demonstrated resilience through strategic acquisitions, adding 11 new entities. Management highlighted the company's long-term growth trajectory, with a 15.6% compound annual growth rate in revenue from 1993 to 2009 and a 20.3% compound annual growth rate in net income over the same period. The company maintained a strong focus on managing expenses, with employee compensation and benefits as a percentage of revenue rising slightly, but controlled through headcount reductions. The report also indicates no goodwill impairment for the year. Investors should note the company's heavy concentration in nine key states (California, Florida, Indiana, Michigan, New Jersey, New York, Pennsylvania, Texas, and Washington), which accounted for 74.3% of revenues in 2009, making it susceptible to regional economic downturns and regulatory changes. Additionally, the company is navigating a competitive landscape and ongoing governmental investigations into industry compensation practices, which could pose future risks.

Brown & Brown, Inc. (BRO) reported its fiscal year results for 2008 amidst a challenging economic environment. Total revenues increased by 1.9% to $977.6 million, driven by acquisitions, though internal core commission and fee revenue experienced a decline of 5.5%. This decline was attributed to a "soft market" for insurance premiums, reduced insurable exposure units due to the economic downturn, and specific regional impacts like the competitive pricing from Florida's Citizens Property Insurance Corporation. Despite these headwinds, the company successfully completed a record number of acquisitions in 2008, integrating 43 insurance intermediary entities and several books of business, which contributed significantly to the overall revenue growth. The company maintained a solid financial position with a current ratio of 1.00 and managed its debt effectively, ending the year with $78.6 million in cash and cash equivalents. Management highlighted the ongoing challenges related to premium rate declines and economic weakness, projecting that declining exposure units would have a greater impact in 2009 than rate declines. However, the company's decentralized sales culture and consistent focus on long-term growth through acquisitions remain core strategies. The company also continued to pay quarterly dividends, demonstrating a commitment to shareholder returns. The report also noted the upcoming succession of J. Powell Brown as CEO in July 2009, with J. Hyatt Brown remaining Chairman.

Brown & Brown, Inc. (BRO) filed its 2007 Annual Report (10-K/A) on March 19, 2008, detailing its business operations and financial performance for the period ending December 30, 2007. The company operates as a diversified insurance agency, focusing on both retail and wholesale distribution of insurance products and services. Its business model emphasizes a decentralized structure, empowering local leadership to drive growth and customer service. For investors, the report provides insights into the company's strategic focus on organic growth and strategic acquisitions within the insurance brokerage sector. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers of revenue and profitability, including the impact of market conditions and any strategic initiatives undertaken during the fiscal year. Investors should pay close attention to the "Risk Factors" to understand potential headwinds affecting the company's performance.

Brown & Brown, Inc. (BRO) filed its 2007 10-K on February 28, 2008, detailing its business as a diversified insurance agency. The report covers the fiscal year ending December 30, 2007, and provides investors with a comprehensive overview of the company's financial performance, strategic initiatives, and risk factors. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) for insights into revenue growth drivers, operating expenses, and profit margins, as well as the company's outlook.

Brown & Brown, Inc. (BRO) filed its 2006 10-K on March 1, 2007, detailing its business operations and financial performance for the fiscal year ending December 31, 2006. As a large accelerated filer, the company operates within the insurance brokerage sector, providing a wide range of insurance products and services through its diverse retail and wholesale operations. The filing indicates a strong market presence, with common stock held by non-affiliates valued at over $3.2 billion as of June 30, 2006, and a significant number of shares outstanding. This annual report covers key aspects of the company's business, including its strategies, risk factors, legal proceedings, and financial condition. The extensive list of exhibits points to a structured and compliant corporate governance framework, with various agreements related to financing, employment, and operational leases. Investors can gain insights into the company's stability, growth potential, and risk management through the detailed financial statements and management's discussion and analysis, although specific financial performance metrics require deeper dives into the referenced sections.

Brown & Brown, Inc. (BRO) filed its 2005 annual report on Form 10-K on March 15, 2006. The filing indicates that the company is a well-known seasoned issuer and a large accelerated filer, with a market capitalization of approximately $2.49 billion as of June 30, 2005, and over 139 million shares outstanding as of March 10, 2006. The report covers the fiscal year ended December 31, 2005, and incorporated by reference portions of its 2006 Proxy Statement into Part III. As a publicly traded entity, Brown & Brown, Inc. operates under the reporting requirements of the Securities and Exchange Commission, confirming its status as a regular filer. The company's principal executive offices are located in Daytona Beach, Florida, and its common stock is listed on the New York Stock Exchange. This filing serves as a comprehensive overview of the company's operations, financial condition, risk factors, and corporate governance for the period, providing essential information for investors to assess performance and strategic direction.

Brown & Brown, Inc. (BRO) reported strong revenue growth in its 2004 10-K filing, with total revenues reaching $646.9 million, a 17.1% increase over the previous year. This growth was primarily driven by a robust acquisition strategy, with 32 agencies and several books of business acquired during the year, alongside consistent net new business production. The company's core commission and fee revenue saw a notable increase, demonstrating the resilience of its diversified business segments, including Retail, National Programs, Brokerage, and Services. Net income for 2004 was $128.8 million, a significant increase from $110.3 million in 2003, reflecting successful integration of acquisitions and operational efficiencies. The company maintained its objective of at least 15% annual net income per share growth, achieving this for the 12th consecutive year. Despite a moderating insurance premium rate environment, Brown & Brown continued to expand its market presence and enhance shareholder value through strategic acquisitions and operational execution.

Brown & Brown, Inc. (BRO) operates as a general insurance agency, marketing and selling primarily property, casualty, and employee benefits insurance products and services. The company acts as an agent and broker, not assuming underwriting risks, and earns revenue through commissions from insurance companies and fees from customers. BRO's business is diversified across four reportable segments: Retail, National Programs, Services, and Brokerage. For the fiscal year ending December 31, 2003, BRO demonstrated a strong growth trajectory, driven significantly by its consistent acquisition strategy, which has expanded its operational footprint across 29 states. The company reported total commission and fee revenues of $545.3 million, an increase from the previous year. The Retail Division remains the largest contributor, accounting for 72.6% of total revenues, indicating its continued importance to the company's performance. Despite a moderating trend in insurance premium rate increases, BRO's business model appears resilient, leveraging acquisitions and diverse revenue streams to maintain growth.

Brown & Brown, Inc. (BRO) filed its 2003 Form 10-K, primarily detailing exhibits and financial statement schedules rather than extensive narrative business analysis. For investors, the key takeaway from this filing is the confirmation of the company's financial reporting structure, including consolidated financial statements for the three years ending December 31, 2002, and balance sheets as of December 31, 2002, and 2001. The document also lists numerous agreements, including significant asset purchase agreements and loan agreements, indicating a history of strategic acquisitions and debt financing. Investors should note the extensive list of incorporated exhibits which point to the company's operational and strategic history. These include reorganizations, amendments to articles of incorporation, bylaws, loan agreements, various asset purchase agreements underscoring growth through acquisition, employment agreements for key personnel, and stock plans. The filing also references a completed asset acquisition of CalSurance Associates, Inc. and related entities, effective November 1, 2002, as announced in a Form 8-K.

Brown & Brown, Inc. (BRO) presents its 2002 annual report, highlighting its position as a leading insurance agency and brokerage. The company operates through four main segments: Retail, National Programs, Services, and Brokerage. A significant portion of its revenue is generated by the Retail Division, which serves a broad range of customers with property and casualty, as well as life and health insurance products. The company's growth strategy, as evidenced by its history of acquisitions, remains a key focus, with 32 operations acquired in 2002 alone. Management anticipates continued growth in premium rates through at least 2003, which could positively impact commission revenues. Investors should note Brown & Brown's diversified business model and its strong presence in the southeastern United States. The company's ability to integrate acquired businesses and navigate the cyclical nature of the insurance market will be crucial for future performance. The report also mentions a change in independent auditors, with Deloitte & Touche LLP replacing Arthur Andersen LLP, effective mid-2002. The company states that there were no disagreements with the former auditor. The disclosures around controls and procedures, particularly in light of the Sarbanes-Oxley Act, are also noteworthy for investors.

Brown & Brown, Inc. (BRO) demonstrated robust growth in its 2001 fiscal year, with total revenues reaching $365.0 million, a significant increase driven by a higher-than-historical number of acquisitions and a favorable insurance premium rate environment. The company's core objective of achieving at least 15% annual net income per share growth has been met for nine consecutive years, highlighting a consistent focus on profitability and operational efficiency. The company's diversified business model, comprising Retail, National Programs, Services, and Brokerage divisions, continues to perform well, with the Retail Division remaining the largest contributor to revenue. Acquisitions played a pivotal role in 2001, partly due to the anticipated elimination of pooling-of-interests accounting, leading to a substantial expansion in the company's operational footprint across 28 states. While this accelerated acquisition pace increased debt levels and reduced short-term liquidity temporarily, the company's management believes its current cash flow and credit facilities are sufficient to meet its liquidity needs. The increasing insurance premium rates, expected to continue into 2002, provide a positive outlook for continued revenue growth and commission stability.

This amended 10-K filing for Brown & Brown, Inc. (BRO) for the fiscal year ended December 31, 2000, primarily serves to correct minor typographical errors in the electronic filing of their 2000 Annual Report to Shareholders, which is incorporated by reference. Investors should note that the core financial data and business operations as presented in the original filing remain largely unchanged. The amendment focuses on accuracy in the reporting of financial statements, including net income, shareholder equity, and tax-related figures, as well as details within the business description and supplemental cash flow information. The company's market capitalization as of March 2, 2001, was approximately $769.6 million, with over 29 million shares outstanding. The filing references various agreements, including a significant asset purchase agreement with Riedman Corporation and its shareholders, which likely impacts future growth and integration. Investors should review the incorporated portions of the 2000 Annual Report for a comprehensive understanding of the company's financial performance, strategic initiatives, and risk factors.

Brown & Brown, Inc. (BRO) operates as a diversified insurance brokerage and agency, deriving its revenue primarily from commissions and fees. For the fiscal year ended December 31, 2000, the company reported strong revenue growth, a portion of which was driven by significant acquisitions, most notably the Riedman Corporation acquisition finalized in early 2001, which substantially expanded its geographic footprint and operational scale. During 2000, the insurance market experienced a favorable shift towards increased premium rates after a prolonged "soft market." Brown & Brown capitalized on this environment, which, combined with its ongoing new business development and acquisition strategy, contributed to its financial performance. The company's business is segmented into four divisions: Retail, National Programs, Service, and Brokerage, each contributing to its diversified revenue streams. Investors should note the company's active M&A strategy as a key driver of growth and integration, alongside its established programs and service offerings.

This 10-K filing from Brown & Brown, Inc. (BRO) for the period ending March 15, 2000, represents a significant moment for investors as it marks their entry into the public market. As a new public entity, the filing will provide foundational information on the company's business model, financial health, and strategic direction. Investors should pay close attention to the details of their insurance brokerage operations, including revenue streams, customer base, and any recent acquisitions or expansion plans. Understanding the competitive landscape and the company's unique value proposition will be crucial for assessing long-term growth potential and profitability. This initial report sets the stage for future performance analysis.

This 10-K filing from BROWN & BROWN, INC. (BRO) for the period ending March 15, 1999, presents a snapshot of the company's financial health and operational landscape as it approached the turn of the millennium. As a rapidly growing insurance intermediary, the company's strategy appears to be centered on organic growth and strategic acquisitions within the insurance sector. Investors would be keen to understand the company's revenue streams, its ability to integrate acquired businesses, and its market positioning in a consolidating industry. Key financial metrics and operational details are crucial for evaluating Brown & Brown's performance. The filing likely details its revenue growth, profitability, and any significant investments or expansions. The company's focus on insurance services suggests a sensitivity to market cycles, regulatory changes, and competition. Investors should pay close attention to management's discussion and analysis for insights into future growth strategies, risk management, and capital allocation.

This 10-K filing for BROWN & BROWN, INC. (BRO) from March 24, 1998, represents the company's annual report for the fiscal year ending December 31, 1997. As a diversified insurance agency, Brown & Brown's report details its operational performance, financial position, and strategic direction. The filing is crucial for investors seeking to understand the company's growth trajectory, profitability, and market positioning within the insurance brokerage industry during a period of significant industry consolidation and economic expansion.

This 1997 10-K filing for BROWN & BROWN, INC. (BRO) provides a snapshot of the company's financial position and operational activities for the period ending on or around December 31, 1996. As a relatively early filing for the company, it offers insight into its foundational structure and growth strategy. Investors should note the company's focus on insurance brokerage and related services, which has historically been a core area for Brown & Brown. The filing details the company's business segments, financial performance, risk factors, and management's discussion and analysis of results, crucial for understanding its market position and future outlook at that time. While specific financial figures are not embedded in this directory listing, the presence of the 10-K indicates a comprehensive disclosure of financial statements, including balance sheets, income statements, and cash flow statements. Investors should refer to the actual document for detailed quantitative data to assess the company's revenue growth, profitability, debt levels, and overall financial health as of 1996. The filing also likely outlines any significant legal proceedings, regulatory matters, or strategic initiatives that were material to the company's operations and investor considerations.

This 10-K filing from Brown & Brown, Inc. (BRO), filed on March 20, 1996, represents a snapshot of the company's financial and operational status as of that date. While the provided text is a directory listing and not the full report, it indicates that the company was actively filing with the SEC. Investors should note that this filing is from the mid-1990s, a period predating significant market and regulatory shifts. Therefore, while it provides historical context, it may not reflect the company's current business model, financial performance, or competitive landscape. To gain a comprehensive understanding of Brown & Brown, Inc. as it stands today, investors would need to review more recent filings. However, this historical document is crucial for analyzing the company's growth trajectory and strategic evolution over time. It serves as a foundational piece for understanding how the company has navigated market changes and expanded its operations since 1996.

This 1995 10-K filing from Brown & Brown, Inc. provides a snapshot of the company's operations and financial standing as of that period. As a provider of insurance and related services, the company was likely focused on its growth strategies, market positioning within the insurance brokerage sector, and its ability to generate revenue and profits through its diverse offerings. Investors would have been interested in understanding the company's historical performance, its competitive landscape, and any forward-looking statements regarding its business development and financial outlook. Given the early stage of the company's public reporting in 1995, this filing would have been crucial for understanding the foundational aspects of Brown & Brown's business model. Key areas of interest would include its revenue streams, operating expenses, profitability, and any significant acquisitions or expansions that were shaping its trajectory. The filing serves as a historical document, offering insight into the company's business at a specific point in time before its more extensive growth and market presence in subsequent years.