Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

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.


	For the three months ended September 30, 2014
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	202,708	$	116,512	$	66,762	$	35,492	$	(56	)	$	421,418
Investment income	$	16	$	48	$	9	$	—	$	152		$	225
Amortization	$	10,732	$	7,253	$	2,955	$	1,034	$	9		$	21,983
Depreciation	$	1,621	$	2,116	$	679	$	555	$	485		$	5,456
Interest expense	$	10,675	$	15,915	$	505	$	1,938	$	(21,735	)	$	7,298
Income before income taxes	$	40,234	$	20,913	$	22,745	$	4,859	$	23,934		$	112,685
Total assets	$	3,124,487	$	2,477,731	$	965,555	$	285,307	$	(1,907,332	)	$	4,945,748
Capital expenditures	$	1,330	$	5,179	$	546	$	325	$	232		$	7,612


	For the three months ended September 30, 2013
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	192,845	$	77,816	$	59,324	$	30,020	$	(695	)	$	359,310
Investment income	$	19	$	4	$	7	$	—	$	55		$	85
Amortization	$	10,258	$	3,781	$	2,884	$	925	$	10		$	17,858
Depreciation	$	1,536	$	1,384	$	684	$	402	$	460		$	4,466
Interest expense	$	11,127	$	6,245	$	642	$	1,804	$	(15,683	)	$	4,135
Income before income taxes	$	37,441	$	17,450	$	20,152	$	5,763	$	14,649		$	95,455
Total assets	$	2,918,824	$	1,350,689	$	915,515	$	252,801	$	(1,883,041	)	$	3,554,788
Capital expenditures	$	1,696	$	1,349	$	277	$	639	$	369		$	4,330


	For the nine months ended September 30, 2014
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	616,375	$	281,557	$	181,841	$	102,891	$	112		$	1,182,776
Investment income	$	48	$	119	$	20	$	2	$	333		$	522
Amortization	$	31,340	$	17,242	$	8,770	$	3,101	$	29		$	60,482
Depreciation	$	4,819	$	5,425	$	1,999	$	1,646	$	1,449		$	15,338
Interest expense	$	32,612	$	33,803	$	1,447	$	5,879	$	(55,367	)	$	18,374
Income before income taxes	$	130,577	$	46,721	$	52,859	$	12,682	$	58,464		$	301,303
Total assets	$	3,124,487	$	2,477,731	$	965,555	$	285,307	$	(1,907,332	)	$	4,945,748
Capital expenditures	$	5,009	$	12,036	$	1,545	$	860	$	739		$	20,189


	For the nine months ended September 30, 2013
(in thousands)	Retail		National Programs		Wholesale Brokerage		Services		Other			Total
Total revenues	$	539,232	$	215,110	$	162,844	$	103,070	$	(142	)	$	1,020,114
Investment income	$	65	$	14	$	16	$	1	$	414		$	510
Amortization	$	27,858	$	10,811	$	8,668	$	2,774	$	29		$	50,140
Depreciation	$	4,278	$	3,958	$	2,107	$	1,200	$	1,353		$	12,896
Interest expense	$	22,976	$	17,529	$	2,120	$	5,608	$	(36,117	)	$	12,116
Income before income taxes	$	128,134	$	42,688	$	46,274	$	22,305	$	41,766		$	281,167
Total assets	$	2,918,824	$	1,350,689	$	915,515	$	252,801	$	(1,883,041	)	$	3,554,788
Capital expenditures	$	4,519	$	3,661	$	1,374	$	1,137	$	762		$	11,453

- 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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