10-KPeriod: FY2010

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2010

Filed March 1, 2011For Securities:BRO

Summary

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.

Financial Highlights

25 data points
Beta

Revenue

$973.49M

Net Income

$161.75M

16.6% Net Margin

EPS (Diluted)

$0.56

Free Cash Flow

$285.60M

Financial Statements
Beta
Revenue$973.49M
Operating Expenses$707.39M
Interest Expense$14.47M
Net Income$161.75M
EPS (Basic)$0.57
EPS (Diluted)$0.56
Shares Outstanding (Basic)275.85M
Shares Outstanding (Diluted)278.64M

Key Highlights

  • 1Brown & Brown, Inc. (BRO) is a large accelerated filer and a well-known seasoned issuer, indicating a stable and significant public company.
  • 2The company's common stock is traded on the New York Stock Exchange, reflecting its prominence in the public markets.
  • 3As of December 31, 2010, the company had a market capitalization exceeding $2.2 billion, highlighting its substantial investor base.
  • 4The report covers the fiscal year ended December 31, 2010, providing a comprehensive overview of the company's performance and financial position.
  • 5Key information regarding business operations, risk factors, and financial condition is detailed within the filing.
  • 6The company's leadership has provided certifications required by Section 13a-14(a)/15d-14(a) and Section 1350, demonstrating compliance and transparency.
  • 7Significant corporate documents, including various agreements and stock plans, are referenced in the exhibit index, showcasing the company's established operational framework.

Frequently Asked Questions

While the detailed business description is in Item 1, this 10-K filing establishes Brown & Brown, Inc. as a publicly traded entity on the NYSE involved in insurance and related services. Investors can expect to find details on their specific offerings and market segments within the full report, particularly in Item 1: Business.

The filing indicates a strong market position with a market capitalization exceeding $2.2 billion as of June 30, 2010. As a large accelerated filer, the company demonstrates significant scale and financial reporting maturity. Detailed financial statements and analysis are presented in Items 7 and 8, which investors should review for a comprehensive understanding of revenue, profitability, and financial condition.

Yes, Item 1A: Risk Factors addresses potential risks that could affect the company's business, financial condition, or results of operations. Investors should carefully review this section to understand the challenges and uncertainties the company faces.

The filing explicitly states that portions of the company's Proxy Statement for the 2011 Annual Meeting of Shareholders are incorporated by reference into Part III of this 10-K. Therefore, investors should refer to that proxy statement for detailed information regarding executive compensation, director information, and corporate governance practices.