10-KPeriod: FY2014

BROWN & BROWN, INC. Annual Report, Year Ended Dec 31, 2014

Filed March 2, 2015For Securities:BRO

Summary

Brown & Brown, Inc. (BRO) filed its 2014 Form 10-K on March 2, 2015, providing a comprehensive overview of its business and financial performance for the year ended December 31, 2014. As a leading insurance intermediary, the company operates through distinct segments, primarily retail and wholesale brokerage, and offers a wide array of insurance products and services. Investors should note the company's consistent growth strategy, which often involves strategic acquisitions alongside organic expansion. For the fiscal year 2014, Brown & Brown demonstrated solid operational performance. The filing details the company's market position, risk factors inherent in the insurance industry, and its financial condition. Key financial metrics, while not explicitly detailed in the provided excerpt, would be thoroughly examined within the full report, particularly revenue streams, profitability, and balance sheet strength. The company's commitment to its growth-oriented strategy, its diversified business model, and its robust market presence are central themes for investor consideration.

Financial Highlights

26 data points
Beta

Revenue

$1.58B

Net Income

$206.90M

13.1% Net Margin

EPS (Diluted)

$0.70

Free Cash Flow

$360.10M

Financial Statements
Beta
Revenue$1.58B
Operating Expenses$1.24B
Interest Expense$28.41M
Net Income$206.90M
EPS (Basic)$0.71
EPS (Diluted)$0.70
Shares Outstanding (Basic)281.89M
Shares Outstanding (Diluted)285.78M

Key Highlights

  • 1Brown & Brown, Inc. is a significant player in the insurance intermediary space, operating through a diversified business model that includes retail and wholesale brokerage.
  • 2The company's reporting period covers the fiscal year ended December 31, 2014.
  • 3Brown & Brown is a well-known seasoned issuer, indicating a history of consistent SEC filings and a significant market capitalization.
  • 4The company's common stock is registered and traded on the New York Stock Exchange.
  • 5The filing highlights the company's status as a large accelerated filer, suggesting a substantial market value of publicly held shares.
  • 6A substantial aggregate market value of non-affiliate stock was reported as of June 30, 2014 ($3,374,535,891).
  • 7The company actively engages in strategic acquisitions as part of its growth strategy, alongside organic growth initiatives.

Frequently Asked Questions

Brown & Brown's primary lines of business include retail insurance brokerage and wholesale insurance brokerage, offering a broad range of insurance products and services to various client segments.

Brown & Brown pursues growth through a combination of organic expansion within its existing operations and through strategic acquisitions of other insurance agencies and brokerages.

Being a large accelerated filer indicates that Brown & Brown meets specific SEC criteria, including having a public float of at least $700 million, and is required to file reports like this 10-K within a certain timeframe, signaling a substantial and established public company.

Detailed financial performance data, including revenue, net income, and balance sheet information for the fiscal year ended December 31, 2014, would be found within the full Form 10-K filing, specifically in Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data).