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Segment Information

9 Months Ended

Sep. 30, 2011

NOTE 11· Segment Information

Brown & Brown's business is divided into four reportable segments: the Retail Division, which provides a broad range of insurance products and services to commercial, public and quasi-public entities, and professional and individual customers; the National Programs Division, which is composed of two units - Professional Programs, which provides professional liability and related package products for certain professionals delivered through nationwide networks of independent agents, and Special Programs, which markets targeted products and services designed for specific industries, trade groups, public and quasi-public entities, and market niches; the Wholesale Brokerage Division, which markets and sells excess and surplus commercial and personal lines insurance, and reinsurance, primarily through independent agents and brokers; and the Services Division, which provides insurance-related services, including third-party claims administration and comprehensive medical utilization management services in both the workers' compensation and all-lines liability arenas, Medicare Secondary Payer statute compliance-related services, and Social Security disability and Medicare benefits advocacy services.

Brown & Brown conducts all of its operations within the United States of America, except for one wholesale brokerage operation based in London, England. Our London operation earned $2.1 million and $2.2 million of total revenues for the three months ended September 30, 2011 and 2010, respectively. This operation earned $7.2 million and $8.1 million of total revenues for the nine months ended September 30, 2011 and 2010, respectively.

The following table shows summarized financial information concerning Brown & Brown's reportable segments for the three months ended September 30, 2011, and 2010. The "Other" column includes any income and expenses not allocated to reportable segments and corporate-related items, including the inter-company interest expense charge to the reporting segment. Additionally, the net credit balance of "Total assets" in the "Other" column primarily reflects the assets transferred from the Company's business segments to the corporate unit in order to fund acquisitions, and of which, are eliminated in consolidation.

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	For the three months ended September 30, 2011
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	151,714	$	49,850	$	40,414	$	17,229	$	1,194		$	260,401
Investment income	$	28	$	—	$	9	$	1	$	279		$	317
Amortization	$	8,390	$	2,146	$	2,545	$	634	$	10		$	13,725
Depreciation	$	1,262	$	708	$	627	$	155	$	310		$	3,062
Interest	$	6,825	$	376	$	1,687	$	1,404	$	(6,727	)	$	3,565
Income before income taxes	$	36,662	$	21,484	$	8,453	$	842	$	5,251		$	72,692
Total assets	$	2,086,900	$	734,042	$	648,250	$	148,752	$	(1,056,641	)	$	2,561,303
Capital expenditures	$	1,943	$	404	$	225	$	92	$	330		$	2,994

		0000000000		0000000000		0000000000		0000000000		0000000000			0000000000
	For the three months ended September 30, 2010
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	144,083	$	49,894	$	40,707	$	11,659	$	1,273		$	247,616
Investment income	$	28	$	—	$	10	$	3	$	304		$	345
Amortization	$	7,690	$	2,304	$	2,545	$	320	$	10		$	12,869
Depreciation	$	1,316	$	761	$	656	$	87	$	296		$	3,116
Interest	$	6,578	$	763	$	2,597	$	643	$	(6,974	)	$	3,607
Income before income taxes	$	34,021	$	20,921	$	7,272	$	1,952	$	8,868		$	73,034
Total assets	$	1,856,330	$	729,660	$	625,175	$	142,451	$	(965,805	)	$	2,387,811
Capital expenditures	$	1,224	$	400	$	507	$	86	$	67		$	2,284

The following table shows summarized financial information concerning Brown & Brown's reportable segments for the nine months ended September 30, 2011 and 2010. The "Other" column includes any income and expenses not allocated to reportable segments and corporate-related items, including the inter-company interest expense charge to the reporting segment. Additionally, the net credit balance of "Total assets" in the "Other" column primarily reflects the assets transferred from the Company's business segments to the corporate unit in order to fund acquisitions, and of which, are eliminated in consolidation.

		0000000000		0000000000		0000000000		0000000000		0000000000			0000000000
	For the nine months ended September 30, 2011
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	462,629	$	133,611	$	122,266	$	49,515	$	1,424		$	769,445
Investment income	$	72	$	—	$	26	$	127	$	709		$	934
Amortization	$	24,830	$	6,405	$	7,620	$	1,906	$	29		$	40,790
Depreciation	$	3,758	$	2,259	$	1,919	$	434	$	906		$	9,276
Interest	$	20,538	$	1,374	$	5,564	$	4,392	$	(21,088	)	$	10,780
Income before income taxes	$	108,212	$	50,220	$	25,041	$	5,160	$	22,197		$	210,830
Total assets	$	2,086,900	$	734,042	$	648,250	$	148,752	$	(1,056,641	)	$	2,561,303
Capital expenditures	$	5,059	$	1,162	$	1,816	$	596	$	874		$	9,507

		0000000000		0000000000		0000000000		0000000000		0000000000			0000000000
	For the nine months ended September 30, 2010
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	440,514	$	143,197	$	125,680	$	30,450	$	3,713		$	743,554
Investment income	$	145	$	1	$	21	$	12	$	843		$	1,022
Amortization	$	22,848	$	6,912	$	7,656	$	627	$	29		$	38,072
Depreciation	$	4,050	$	2,270	$	2,047	$	233	$	898		$	9,498
Interest	$	20,265	$	2,595	$	8,275	$	1,075	$	(21,363	)	$	10,847
Income before income taxes	$	103,958	$	57,761	$	22,944	$	5,375	$	24,093		$	214,131
Total assets	$	1,856,330	$	729,660	$	625,175	$	142,451	$	(965,805	)	$	2,387,811
Capital expenditures	$	2,974	$	1,932	$	1,461	$	297	$	584		$	7,248

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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