Below are the financial statements of Brown & Brown, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 0.68a | 0.7a |
| Fiduciary cash | 1.83a | 1.6a |
| Short-term investments | 0.01a | 0.01a |
| Commission, fees and other receivables | 0.9a | 0.79a |
| Fiduciary receivables | 1.12a | 1.13a |
| Reinsurance recoverable | 1.53a | 0.13a |
| Prepaid reinsurance premiums | 0.52a | 0.46a |
| Other current assets | 0.35a | 0.31a |
| Total current assets | 6.92a | 5.13a |
| Fixed assets, net | 0.32a | 0.27a |
| Operating lease assets | 0.2a | 0.2a |
| Goodwill | 7.97a | 7.34a |
| Amortizable intangible assets, net | 1.81a | 1.62a |
| Investments | 0.02a | 0.02a |
| Other assets | 0.37a | 0.3a |
| Total assets | 17.61a | 14.88a |
| Liabilities and shareholders’ equity | — | — |
| Current liabilities | — | — |
| Fiduciary liabilities | 2.94a | 2.73a |
| Losses and loss adjustment reserve | 1.54a | 0.13a |
| Unearned premiums | 0.58a | 0.46a |
| Accounts payable | 0.37a | 0.46a |
| Accrued expenses and other liabilities | 0.65a | 0.61a |
| Current portion of long-term debt | 0.23a | 0.57a |
| Total current liabilities | 6.31a | 4.96a |
| Long-term debt less unamortized discount and debt issuance costs | 3.6a | 3.23a |
| Operating lease liabilities | 0.19a | 0.18a |
| Deferred income taxes, net | 0.71a | 0.62a |
| Other liabilities | 0.36a | 0.33a |
| Shareholders’ equity | — | — |
| Common stock | 0.03a | 0.03a |
| Additional paid-in capital | 1.12a | 1.03a |
| Treasury stock, at cost | -0.75a | -0.75a |
| Accumulated other comprehensive loss | -0.11a | -0.02a |
| Non-controlling interests | 0.02a | 0a |
| Retained earnings | 6.13a | 5.29a |
| Total shareholders’ equity | 6.44a | 5.58a |
| Total liabilities and shareholders’ equity | 17.61a | 14.88a |
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