10-KPeriod: FY2006

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2006

Filed March 1, 2007For Securities:BRO

Summary

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.

Key Highlights

  • 1Brown & Brown, Inc. (BRO) is a large accelerated filer, indicating a substantial market capitalization and a history of consistent reporting.
  • 2The company operates in the insurance brokerage industry, offering a comprehensive suite of insurance products and services.
  • 3As of February 26, 2007, the company had 140,483,559 shares of common stock outstanding.
  • 4The aggregate market value of the registrant's common stock held by non-affiliates was over $3.2 billion as of June 30, 2006.
  • 5The filing incorporates by reference portions of the company's Proxy Statement for the 2007 Annual Meeting of Shareholders, suggesting that executive compensation and corporate governance details are available there.
  • 6A comprehensive list of exhibits includes various financial agreements, employment contracts, and leases, indicating significant contractual relationships and financing structures.
  • 7The report is signed by key executives, including the Chairman and CEO, J. Hyatt Brown, and Vice Chairman and COO, Jim W. Henderson, affirming their oversight and responsibilities.

Frequently Asked Questions

Brown & Brown, Inc. is an insurance broker that provides a wide range of insurance and risk management products and services. The company operates through various segments, including retail, wholesale, and specialty insurance operations.

The filing indicates Brown & Brown, Inc. is a significant player, classified as a large accelerated filer with a substantial market value of over $3.2 billion for non-affiliate shares as of mid-2006. The company's extensive use of financing agreements and leases, as detailed in the exhibits, suggests a well-established operational and financial structure.

Detailed financial performance data for fiscal year 2006 can be found in Part II, Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data) of this Form 10-K filing. These sections provide the company's results of operations, financial condition, and the auditor's report.

The key risks for investors are detailed in Part I, Item 1A (Risk Factors) of this Form 10-K. While the specific risks are not listed in this summary, this section typically covers industry-specific challenges, competitive landscape, regulatory changes, and operational risks that could impact the company's performance.