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Segment Information | 3 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
Segment Information | Segment Information Brown & Brown’s business is divided into four reportable segments: (1) the Retail Segment, which provides a broad range of insurance products and services to commercial, public and quasi-public entities, and to professional and individual customers; (2) the National Programs Segment, which provides professional liability and related package products for certain professionals delivered through nationwide networks of independent agents and Brown & Brown retail agents, and markets targeted products and services designed for specific industries, trade groups, public and quasi-public entities, market niches and provides flood coverage; (3) the Wholesale Brokerage Segment, which markets and sells excess and surplus commercial and personal lines insurance, primarily through independent agents and brokers; and (4) the Services Segment, 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 operations earned $2.7 million and $2.4 million of total revenues for the three months ended March 31, 2015 and 2014, respectively. Long-lived assets held outside of the United States during the three months ended March 31, 2015 and 2014 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, 2014. The Company evaluates the performance of its segments based upon revenues and income before income taxes. Inter-segment revenues are eliminated. Summarized financial information concerning the Company’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 March 31, 2015
(in thousands) | Retail |  | National Programs |  | Wholesale Brokerage |  | Services |  | Other |  | Total
Total revenues | $ | 218,344 |  |  | $ | 99,555 |  |  | $ | 51,828 |  |  | $ | 34,788 |  |  | $ | (217 | ) |  | $ | 404,298 |
Investment income | $ | 22 |  |  | $ | 45 |  |  | $ | 72 |  |  | $ | — |  |  | $ | 81 |  |  | $ | 220 |
Amortization | $ | 10,934 |  |  | $ | 7,235 |  |  | $ | 2,423 |  |  | $ | 1,023 |  |  | $ | 10 |  |  | $ | 21,625 |
Depreciation | $ | 1,642 |  |  | $ | 1,766 |  |  | $ | 563 |  |  | $ | 530 |  |  | $ | 682 |  |  | $ | 5,183 |
Interest expense | $ | 10,158 |  |  | $ | 14,955 |  |  | $ | 229 |  |  | $ | 1,599 |  |  | $ | (17,090 | ) |  | $ | 9,851 |
Income before income taxes | $ | 47,009 |  |  | $ | 9,476 |  |  | $ | 14,484 |  |  | $ | 4,502 |  |  | $ | 18,307 |  |  | $ | 93,778 |
Total assets | $ | 3,305,917 |  |  | $ | 2,407,695 |  |  | $ | 858,149 |  |  | $ | 300,155 |  |  | $ | (2,032,974 | ) |  | $ | 4,838,942 |
Capital expenditures | $ | 1,424 |  |  | $ | 1,489 |  |  | $ | 451 |  |  | $ | 240 |  |  | $ | 123 |  |  | $ | 3,727 |
| For the three months ended March 31, 2014
(in thousands) | Retail |  | National Programs |  | Wholesale Brokerage |  | Services |  | Other |  | Total
Total revenues | $ | 205,470 |  |  | $ | 76,675 |  |  | $ | 50,001 |  |  | $ | 31,642 |  |  | $ | (194 | ) |  | $ | 363,594 |
Investment income | $ | 16 |  |  | $ | 5 |  |  | $ | 4 |  |  | $ | 2 |  |  | $ | 76 |  |  | $ | 103 |
Amortization | $ | 10,269 |  |  | $ | 3,864 |  |  | $ | 2,676 |  |  | $ | 1,057 |  |  | $ | 10 |  |  | $ | 17,876 |
Depreciation | $ | 1,593 |  |  | $ | 1,489 |  |  | $ | 619 |  |  | $ | 463 |  |  | $ | 476 |  |  | $ | 4,640 |
Interest expense | $ | 10,745 |  |  | $ | 5,442 |  |  | $ | 386 |  |  | $ | 1,970 |  |  | $ | (14,471 | ) |  | $ | 4,072 |
Income before income taxes | $ | 41,217 |  |  | $ | 16,944 |  |  | $ | 10,747 |  |  | $ | 2,769 |  |  | $ | 15,160 |  |  | $ | 86,837 |
Total assets | $ | 3,057,253 |  |  | $ | 1,376,590 |  |  | $ | 877,555 |  |  | $ | 276,219 |  |  | $ | (1,913,328 | ) |  | $ | 3,674,289 |
Capital expenditures | $ | 2,116 |  |  | $ | 1,889 |  |  | $ | 287 |  |  | $ | 291 |  |  | $ | 144 |  |  | $ | 4,727 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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