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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information

NOTE 10· 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 to professional and individual customers; the National Programs Division, which provides professional liability and related package products for certain professionals delivered through nationwide networks of independent agents, and 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, as well as Medicare set-aside services, Social Security disability and Medicare benefits advocacy services and catastrophe claims adjusting services.

Brown & Brown conducts all of its operations within the United States of America, except for one wholesale brokerage operation based in London, England, and retail operations in Bermuda and the Cayman Islands. These three operations earned $3.8 million and $2.8 million of total revenues for the three months ended June 30, 2014 and 2013, respectively. These operations earned $7.0 million and $5.9 million of total revenues for the six months ended June 30, 2014 and 2013, respectively. Additionally, these operations earned $12.2 million of total revenues for the year ended December 31, 2013. Long-lived assets held outside of the United States during the six months ended June 30, 2014 and 2013 were not material.

The accounting policies of the reportable segments are the same as those described in Note 1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Brown & Brown evaluates the performance of its segments based upon revenues and income before income taxes. Inter-segment revenues are eliminated.

 

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.

 

     For the three months ended June 30, 2014  
(in thousands)    Retail      National
Programs		      Wholesale
Brokerage		      Services      Other     Total  

Total revenues

    $ 210,976       $ 90,875       $ 60,059       $ 35,757       $ 97      $ 397,764   

Investment income

    $ 16       $ 66       $ 7       $ —        $ 105      $ 194   

Amortization

    $ 10,457       $ 6,214       $ 2,932       $ 1,010       $ 10      $ 20,623   

Depreciation

    $ 1,614       $ 1,842       $ 670       $ 628       $ 488      $ 5,242   

Interest expense

    $ 11,224       $ 12,447       $ 523       $ 1,971       $ (19,161 )    $ 7,004   

Income before income taxes

    $ 49,098       $ 9,685       $ 17,376       $ 5,008       $ 20,614      $ 101,781   

Total assets

    $ 3,166,802       $ 2,406,240       $ 990,355       $ 278,137       $ (1,911,062 )    $ 4,930,472   

Capital expenditures

    $ 1,567       $ 5,159       $ 517       $ 244       $ 363      $ 7,850   
     For the three months ended June 30, 2013  
(in thousands)    Retail      National
Programs		      Wholesale
Brokerage		      Services      Other     Total  

Total revenues

    $ 171,819       $ 68,354       $ 54,823       $ 30,403       $ 393      $ 325,792   

Investment income

    $ 23       $ 5       $ 4       $ —        $ 207      $ 239   

Amortization

    $ 8,789       $ 3,511       $ 2,887       $ 925       $ 9      $ 16,121   

Depreciation

    $ 1,371       $ 1,326       $ 716       $ 401       $ 449      $ 4,263   

Interest expense

    $ 5,649       $ 5,590       $ 723       $ 1,883       $ (9,848 )    $ 3,997   

Income before income taxes

    $ 44,482       $ 11,226       $ 15,760       $ 2,589       $ 12,164      $ 86,221   

Total assets

    $ 2,501,084       $ 1,224,175       $ 925,901       $ 246,235       $ (1,571,075 )    $ 3,326,320   

Capital expenditures

    $ 1,488       $ 1,420       $ 561       $ 379       $ 328      $ 4,176   
     For the six months ended June 30, 2014  
(in thousands)    Retail      National
Programs		      Wholesale
Brokerage		      Services      Other     Total  

Total revenues

    $ 413,667       $ 165,045       $ 115,079       $ 67,399       $ 168      $ 761,358   

Investment income

    $ 32       $ 71       $ 11       $ 2       $ 181      $ 297   

Amortization

    $ 20,608       $ 9,989       $ 5,815       $ 2,067       $ 20      $ 38,499   

Depreciation

    $ 3,198       $ 3,309       $ 1,320       $ 1,091       $ 964      $ 9,882   

Interest expense

    $ 21,937       $ 17,888       $ 942       $ 3,941       $ (33,632 )    $ 11,076   

Income before income taxes

    $ 90,343       $ 25,808       $ 30,114       $ 7,823       $ 34,530      $ 188,618   

Total assets

    $ 3,166,802       $ 2,406,240       $ 990,355       $ 278,137       $ (1,911,062 )    $ 4,930,472   

Capital expenditures

    $ 3,679       $ 6,857       $ 999       $ 535       $ 507      $ 12,577   
     For the six months ended June 30, 2013  
(in thousands)    Retail      National
Programs		      Wholesale
Brokerage		      Services      Other     Total  

Total revenues

    $ 346,387       $ 137,294       $ 103,520       $ 73,050       $ 553      $ 660,804   

Investment income

    $ 46       $ 10       $ 9       $ 1       $ 359      $ 425   

Amortization

    $ 17,600       $ 7,030       $ 5,784       $ 1,849       $ 19      $ 32,282   

Depreciation

    $ 2,742       $ 2,574       $ 1,423       $ 798       $ 893      $ 8,430   

Interest expense

    $ 11,849       $ 11,284       $ 1,478       $ 3,804       $ (20,434 )    $ 7,981   

Income before income taxes

    $ 90,693       $ 25,238       $ 26,122       $ 16,542       $ 27,117      $ 185,712   

Total assets

    $ 2,501,084       $ 1,224,175       $ 925,901       $ 246,235       $ (1,571,075 )    $ 3,326,320   

Capital expenditures

    $ 2,823       $ 2,312       $ 1,097       $ 498       $ 393      $ 7,123