Brown & Brown, Inc. Files 8-K on Financials
Ticker: BRO · Form: 8-K · Filed: Mar 1, 2024 · CIK: 79282
Sentiment: neutral
Topics: financial-condition, results-of-operations, filing
Related Tickers: BRO
TL;DR
BROWN & BROWN (BRO) dropped an 8-K on March 1st with financial updates. Check it out.
AI Summary
On March 1, 2024, Brown & Brown, Inc. filed an 8-K report detailing its financial condition and results of operations. The filing includes financial statements and exhibits, providing an update on the company's performance.
Why It Matters
This filing provides investors with crucial, up-to-date information on Brown & Brown's financial health and operational results, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any unusual or significant risks.
Key Players & Entities
- BROWN & BROWN, INC. (company) — Registrant
- March 1, 2024 (date) — Date of Report
- Florida (location) — State of Incorporation
- 300 North Beach Street, Daytona Beach, Florida 32114 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Brown & Brown, Inc.'s Results of Operations and Financial Condition, as well as provide Regulation FD Disclosure and Financial Statements and Exhibits.
When was this 8-K report filed?
This 8-K report was filed on March 1, 2024.
What is the exact name of the registrant?
The exact name of the registrant is BROWN & BROWN, INC.
In which state was Brown & Brown, Inc. incorporated?
Brown & Brown, Inc. was incorporated in Florida.
What is the address of Brown & Brown, Inc.'s principal executive offices?
The address of Brown & Brown, Inc.'s principal executive offices is 300 North Beach Street, Daytona Beach, Florida 32114.
Filing Stats: 892 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-03-01 17:21:35
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 Par Value BRO New York Stock Exchan
Filing Documents
- bro-20240301.htm (8-K) — 72KB
- bro-ex99_1.htm (EX-99.1) — 662KB
- 0000950170-24-024050.txt ( ) — 873KB
- bro-20240301.xsd (EX-101.SCH) — 30KB
- bro-20240301_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The information contained in this Current Report on Form 8-K, including the accompanying Exhibit 99.1, is being furnished pursuant to Item 2.02 and 7.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section. The information contained in this Current Report on Form 8-K that is furnished under this Item 2.02 and 7.01, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing. Segment Reorganization On January 22, 2024, Brown & Brown, Inc. (the "Company") issued a press release announcing that in conjunction with the divestiture of certain businesses within the Company's Services segment in the fourth quarter of 2023, it had aligned its business from four to three segments beginning in 2024. As a result of the segment reorganization, the Services segment was eliminated as a business segment. Effective for fiscal year 2024, which began January 1, 2024, the Company will report its financial results in the following three reportable segments: Retail, Programs and Wholesale Brokerage. The Company's new business segment structure reflects that the ongoing operations that had been part of the Services segment were integrated into the operation and management of the Retail segments, where the services provided more closely align with the services in Retail than they do with the Company's other ongoing segments. The historical results for the businesses that were sold were combined with the Programs segment as they either derived a certain portion of their business from activities associated with managing general underwriter (MGU) programs in this segment or hav
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibit is furnished herewith: Exhibit No. Description 99.1 Brown & Brown, Inc. Historical Business Segment Information as Reclassified for Segment Changes. 104 Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 1, 2024 BROWN & BROWN, INC. (Registrant) By: /s/ Anthony M. Robinson Anthony M. Robinson Secretary