Brown & Brown realigns from 4 to 3 segments; provides recast historical financials for 2019-2023

BROWN & BROWN, INC.

Services segment eliminated; ongoing operations folded into Retail; divested businesses moved to Programs.
2023 total revenue recast at $4.257B, income before tax $1.146B (unchanged from prior reporting).
Retail segment 2023 revenue $2.508B, Programs $1.173B, Wholesale Brokerage $541M, Other $35M.
Quarterly recast data for each quarter of 2023: total Q1 revenue $1.116B, Q2 $1.047B, Q3 $1.068B, Q4 $1.026B.
No change to consolidated income statements, balance sheets, or cash flows from the segment realignment.

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