Summary
Brown & Brown, Inc. (BRO) filed an amendment to its 10-Q quarterly report on August 18, 2017. This filing primarily consists of exhibits related to corporate governance and financial reporting compliance. Investors should note the inclusion of CEO and CFO certifications under Rule 13a-14(a)/15d-14(a) and Section 1350, which attest to the accuracy and completeness of the financial statements and disclosures. These certifications are a standard requirement and reinforce the company's commitment to transparency and regulatory adherence.
Financial Highlights
48 data pointsBeta
Financial Statements
Beta
| Revenue | $446.52M |
| Operating Expenses | $337.44M |
| Interest Expense | $9.84M |
| Net Income | $66.25M |
| EPS (Basic) | $0.00 |
| EPS (Diluted) | $0.00 |
| Shares Outstanding (Basic) | 271.98M |
| Shares Outstanding (Diluted) | 275.16M |
Key Highlights
- 1Filing includes certifications from the CEO and CFO regarding the accuracy of financial statements and disclosures (Rule 13a-14(a)/15d-14(a)).
- 2Company provides Section 1350 certifications from both CEO and CFO, confirming compliance with Sarbanes-Oxley Act provisions.
- 3The filing contains XBRL (eXtensible Business Reporting Language) documents, including instance documents, schema, calculation, definition, label, and presentation linkbase files, facilitating electronic data analysis.
- 4These exhibits are standard regulatory filings designed to ensure corporate accountability and accurate financial reporting to investors and the SEC.
- 5The filing does not contain new operational or financial performance data, but rather focuses on the procedural aspects of reporting compliance.
Frequently Asked Questions
This amendment primarily serves to include required exhibits related to corporate governance and financial reporting compliance. It includes certifications from the CEO and CFO, as well as XBRL files for enhanced data transparency.
No, these certifications are a standard procedural requirement for SEC filings. They affirm the accuracy and completeness of the previously reported financial information and disclosures, rather than signaling specific problems.
XBRL (eXtensible Business Reporting Language) is a global standard for tagging financial data to make it more searchable and analyzable. Its inclusion facilitates easier and more efficient review of Brown & Brown's financial information by investors, analysts, and regulators.