What is Brown & Brown's national programs — interest expense?

Brown & Brown (BRO) reported national programs — interest expense of $8.30M in Q4 2023.

How has Brown & Brown's national programs — interest expense changed year-over-year?

Brown & Brown's national programs — interest expense decreased by 18.6% year-over-year, from $10.20M to $8.30M.

What is the long-term trend for Brown & Brown's national programs — interest expense?

Over 2 years (2021 to 2023), Brown & Brown's national programs — interest expense has grown at a 76.5% compound annual growth rate (CAGR), from $11.40M to $35.50M.

What does national programs — interest expense mean?

The cost of interest paid on debt attributed to the National Programs segment.

Discontinued — last reported Q1 '24

Business Segments · Interest Expense

National Programs — Interest Expense

Brown & Brown National Programs — Interest Expense decreased by 3.5% to $8.30M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 18.6%, from $10.20M to $8.30M. Over 2 years (FY 2021 to FY 2023), National Programs — Interest Expense shows an upward trend with a 76.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryLeverage

SignalLower is better

VolatilityModerate

First reportedQ2 2017

Last reportedQ1 2024

Rolls up toInterest Expense

How to read this metric

An increase suggests higher leverage or rising interest rates, which can compress segment margins.

Detailed definition

This represents the cost of debt financing specifically allocated to the National Programs segment's operations. It refl...

Peer comparison

Common in segments that utilize internal debt allocations; peers often report this to show segment-level profitability.

Metric ID: bro_segment_national_programs_interest_expense

Historical Data

12 periods

	Q1 '21	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$4.10M	$2.90M	$2.20M	$2.20M	$2.20M	$10.40M	$10.20M	$10.20M	$9.80M	$8.80M	$8.60M	$8.30M
QoQ Change	—	-29.3%	-24.1%	+0.0%	+0.0%	+372.7%	-1.9%	+0.0%	-3.9%	-10.2%	-2.3%	-3.5%
YoY Change	—	—	—	—	-46.3%	+258.6%	+363.6%	+363.6%	+345.5%	-15.4%	-15.7%	-18.6%

Range$2.20M – $10.40M

CAGR+29.2%

Avg YoY Growth+154.4%

Median YoY Growth+121.6%

Current Streak4 quarters decline

Similar Metrics at Other Companies

NRG EnergyNRG View metric

RB GlobalRBA View metric

Norfolk SouthernNSC View metric

Elevance HealthELV View metric

Frequently Asked Questions

What is Brown & Brown's national programs — interest expense?: Brown & Brown (BRO) reported national programs — interest expense of $8.30M in Q4 2023.
How has Brown & Brown's national programs — interest expense changed year-over-year?: Brown & Brown's national programs — interest expense decreased by 18.6% year-over-year, from $10.20M to $8.30M.
What is the long-term trend for Brown & Brown's national programs — interest expense?: Over 2 years (2021 to 2023), Brown & Brown's national programs — interest expense has grown at a 76.5% compound annual growth rate (CAGR), from $11.40M to $35.50M.
What does national programs — interest expense mean?: The cost of interest paid on debt attributed to the National Programs segment.