10-KPeriod: FY2011

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2011

Filed February 29, 2012For Securities:BRO

Summary

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.

Financial Highlights

26 data points
Beta

Revenue

$1.01B

Net Income

$164.00M

16.2% Net Margin

EPS (Diluted)

$0.56

Free Cash Flow

$223.92M

Financial Statements
Beta
Revenue$1.01B
Operating Expenses$743.02M
Interest Expense$14.13M
Net Income$164.00M
EPS (Basic)$0.57
EPS (Diluted)$0.56
Shares Outstanding (Basic)277.16M
Shares Outstanding (Diluted)280.53M

Key Highlights

  • 1Brown & Brown, Inc. is a large accelerated filer, indicating a substantial market presence and mature business operations.
  • 2The company's business model is centered on insurance and risk management, primarily through acquired and retail insurance agencies.
  • 3The market value of its common stock held by non-affiliates was approximately $2.99 billion as of June 30, 2011.
  • 4As of February 20, 2012, there were over 143 million outstanding shares of common stock.
  • 5The company's principal executive offices are located in Daytona Beach, Florida.
  • 6Brown & Brown operates a decentralized business structure, emphasizing acquired and retail insurance agencies as key segments.
  • 7The filing incorporates by reference portions of the company's 2012 Proxy Statement, suggesting further detailed information on governance and shareholder matters.

Frequently Asked Questions

Brown & Brown, Inc. is primarily engaged in providing a wide range of insurance and risk management products and services. Its business model is characterized by the acquisition and operation of insurance and risk management agencies, with a focus on both retail and wholesale distribution channels.

The company operates through a decentralized structure, with its business segmented into distinct profit centers. These centers are typically focused on acquired and retail insurance agencies, allowing for specialized service and management within specific markets.

As of June 30, 2011, the aggregate market value of Brown & Brown, Inc.'s voting common stock held by non-affiliates was approximately $2,989,330,854.

Additional details regarding Brown & Brown, Inc.'s corporate governance, executive compensation, and security ownership are incorporated by reference from the company's Proxy Statement for the 2012 Annual Meeting of Shareholders, as indicated in Part III of the Form 10-K.