secwatch.observer — SEC 8-K summary
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Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0000950170-24-024050
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000095017024024050/0000950170-24-024050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000095017024024050/bro-20240301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-024050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer