What is Brown & Brown's national programs — adjustment for amortization?

Brown & Brown (BRO) reported national programs — adjustment for amortization of $11.00M in Q4 2023.

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

Over 2 years (2021 to 2023), Brown & Brown's national programs — adjustment for amortization has grown at a 22.6% compound annual growth rate (CAGR), from $27.40M to $41.20M.

What does national programs — adjustment for amortization mean?

The annual non-cash expense for the gradual write-down of acquired intangible assets.

Discontinued — last reported Q1 '24

Business Segments · Adjustment For Amortization

National Programs — Adjustment For Amortization

Brown & Brown National Programs — Adjustment For Amortization increased by 8.9% to $11.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 46.7%, from $7.50M to $11.00M. Over 2 years (FY 2021 to FY 2023), National Programs — Adjustment For Amortization shows an upward trend with a 22.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ2 2017

Last reportedQ1 2024

How to read this metric

Higher amortization indicates a larger base of acquired intangible assets, which is typical for firms with high M&A activity.

Detailed definition

This represents the non-cash expense related to the systematic write-down of intangible assets, such as customer lists o...

Peer comparison

Standard for all firms with significant M&A; peers report this as 'Amortization of Intangible Assets'.

Metric ID: bro_segment_national_programs_adjustment_for_amortization

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	$6.90M	$6.90M	$6.80M	$6.80M	$6.70M	$9.80M	$11.40M	$7.50M	$10.00M	$10.10M	$10.10M	$11.00M
QoQ Change	—	+0.0%	-1.4%	+0.0%	-1.5%	+46.3%	+16.3%	-34.2%	+33.3%	+1.0%	+0.0%	+8.9%
YoY Change	—	—	—	—	-2.9%	+42.0%	+67.6%	+10.3%	+49.3%	+3.1%	-11.4%	+46.7%

Range$6.70M – $11.40M

CAGR+18.5%

Avg YoY Growth+25.6%

Median YoY Growth+26.2%

Current Streak4 quarters growth

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Frequently Asked Questions

What is Brown & Brown's national programs — adjustment for amortization?: Brown & Brown (BRO) reported national programs — adjustment for amortization of $11.00M in Q4 2023.
How has Brown & Brown's national programs — adjustment for amortization changed year-over-year?: Brown & Brown's national programs — adjustment for amortization increased by 46.7% year-over-year, from $7.50M to $11.00M.
What is the long-term trend for Brown & Brown's national programs — adjustment for amortization?: Over 2 years (2021 to 2023), Brown & Brown's national programs — adjustment for amortization has grown at a 22.6% compound annual growth rate (CAGR), from $27.40M to $41.20M.
What does national programs — adjustment for amortization mean?: The annual non-cash expense for the gradual write-down of acquired intangible assets.