10-KPeriod: FY2013

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2013

Filed February 28, 2014For Securities:BRO

Summary

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.

Financial Highlights

26 data points
Beta

Revenue

$1.36B

Net Income

$217.11M

15.9% Net Margin

EPS (Diluted)

$0.74

Free Cash Flow

$373.01M

Financial Statements
Beta
Revenue$1.36B
Operating Expenses$1.01B
Interest Expense$16.44M
Net Income$217.11M
EPS (Basic)$0.75
EPS (Diluted)$0.74
Shares Outstanding (Basic)282.07M
Shares Outstanding (Diluted)285.25M

Key Highlights

  • 1Brown & Brown, Inc. is a large accelerated filer, indicating significant market capitalization and a history of robust financial reporting.
  • 2The company operates through a decentralized model, empowering local teams to drive growth and client service.
  • 3The 10-K covers the fiscal year ended December 31, 2013, providing a full year's operational and financial overview.
  • 4Brown & Brown's common stock is listed on the New York Stock Exchange (NYSE).
  • 5The report covers key business segments, risk factors, financial performance, and management's discussion on the company's condition.
  • 6The company's website (www.bbinsurance.com) is provided, suggesting accessibility for further investor information.
  • 7The filing includes a clear statement of incorporation in Florida and provides the principal executive office address and contact number.

Frequently Asked Questions

Brown & Brown, Inc. is primarily engaged in providing a broad range of insurance products and related services, including property and casualty, employee benefits, and other insurance-related services, through a decentralized business model that empowers its local operating units.

While this 10-K filing provides the framework and disclosures for the 2013 fiscal year, specific detailed financial performance metrics such as revenue, net income, and growth rates are found within the 'Selected Financial Data' (Item 6) and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (Item 7) sections, which would require a deeper dive into the full document.

The 'Risk Factors' section (Item 1A) of the 10-K details potential risks. These typically include industry-specific risks such as changes in insurance market conditions, regulatory changes, competition, dependence on insurance carriers, and risks related to acquisitions, as well as general business risks.

Detailed financial statements, including the balance sheet, income statement, statement of cash flows, and statements of stockholders' equity, along with related notes, are presented in 'Financial Statements and Supplementary Data' (Item 8) of this 10-K filing.