10-KPeriod: FY2005

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2005

Filed March 16, 2006For Securities:BRO

Summary

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.

Key Highlights

  • 1Brown & Brown, Inc. (BRO) is a large accelerated filer and a well-known seasoned issuer.
  • 2As of March 10, 2006, the company had 139,397,938 shares of common stock outstanding.
  • 3The aggregate market value of the company's common stock held by non-affiliates was approximately $2.49 billion as of June 30, 2005.
  • 4The report covers the fiscal year ended December 31, 2005.
  • 5The company's common stock is registered and traded on the New York Stock Exchange.
  • 6Principal executive offices are located at 220 South Ridgewood Avenue, Daytona Beach, FL.
  • 7Portions of the 2006 Proxy Statement are incorporated by reference into Part III of the 10-K.

Frequently Asked Questions

While this specific 10-K filing does not detail the business operations in the provided text snippet, Brown & Brown, Inc. is known as an insurance intermediary that offers a wide range of insurance products and services, including property and casualty, employee benefits, and other specialized insurance lines. Investors should refer to Item 1. Business in the full 10-K report for a detailed description.

These designations indicate that Brown & Brown, Inc. is a well-established, publicly traded company that meets specific thresholds for market capitalization and filing history. 'Large accelerated filer' status generally means the company has a public float of $700 million or more and has been a reporting company for at least 12 months. 'Well-known seasoned issuer' status implies that the company is eligible to use SEC Form S-3 or F-3 for automatic shelf registration, suggesting a strong track record and market presence, which can be attractive to investors.

The detailed financial statements for the fiscal year ended December 31, 2005, are located in Item 8. Financial Statements and Supplementary Data of this 10-K report. This section typically includes the consolidated balance sheets, statements of operations, statements of cash flows, and statements of stockholders' equity, along with the accompanying notes.

The specific risk factors for the 2005 fiscal year are detailed in Item 1A. Risk Factors of the 10-K report. Generally, risks for an insurance intermediary can include market competition, regulatory changes, economic downturns affecting insurance demand, integration risks from acquisitions, and dependency on key personnel or relationships with insurance carriers.