Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Summarized Financial Information Reportable Segments

Summarized financial information concerning Brown & Brown’s reportable segments is shown in the following table. 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.


	Year Ended December 31, 2013
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	728,324	$	292,130	$	209,907	$	131,489	$	1,429		$	1,363,279
Investment income	$	82	$	19	$	22	$	1	$	514		$	638
Amortization	$	38,052	$	14,593	$	11,550	$	3,698	$	39		$	67,932
Depreciation	$	5,847	$	5,399	$	2,794	$	1,623	$	1,822		$	17,485
Interest expense	$	34,407	$	24,014	$	2,565	$	7,321	$	(51,867	)	$	16,440
Income before income taxes	$	166,316	$	58,379	$	53,822	$	24,518	$	54,574		$	357,609
Total assets	$	2,992,087	$	1,335,911	$	927,825	$	277,652	$	(1,883,967	)	$	3,649,508
Capital expenditures	$	6,847	$	4,743	$	1,931	$	1,811	$	1,034		$	16,366


	Year Ended December 31, 2012
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	644,429	$	252,943	$	183,565	$	116,736	$	2,359		$	1,200,032
Investment income	$	108	$	20	$	22	$	1	$	646		$	797
Amortization	$	34,639	$	13,936	$	11,280	$	3,680	$	38		$	63,573
Depreciation	$	5,181	$	4,600	$	2,718	$	1,278	$	1,596		$	15,373
Interest expense	$	26,641	$	25,674	$	3,974	$	8,602	$	(48,794	)	$	16,097
Income before income taxes	$	145,214	$	51,491	$	43,355	$	16,770	$	47,981		$	304,811
Total assets	$	2,420,759	$	1,183,191	$	837,364	$	238,430	$	(1,551,686	)	$	3,128,058
Capital expenditures	$	5,732	$	9,633	$	3,383	$	2,519	$	2,761		$	24,028


	Year Ended December 31, 2011
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	607,199	$	164,427	$	174,158	$	65,972	$	1,786		$	1,013,542
Investment income	$	102	$	—	$	34	$	128	$	1,003		$	1,267
Amortization	$	33,373	$	7,770	$	11,032	$	2,541	$	39		$	54,755
Depreciation	$	5,046	$	2,937	$	2,594	$	590	$	1,225		$	12,392
Interest expense	$	27,688	$	1,381	$	7,495	$	5,746	$	(28,178	)	$	14,132
Income before income taxes	$	137,807	$	60,465	$	36,511	$	7,729	$	28,009		$	270,521
Total assets	$	2,155,413	$	680,251	$	712,212	$	166,060	$	(1,106,925	)	$	2,607,011
Capital expenditures	$	6,102	$	1,968	$	2,658	$	689	$	2,191		$	13,608

- 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.

+ References+ Details