What is Brown & Brown's national programs — depreciation?

Brown & Brown (BRO) reported national programs — depreciation of $3.00M in Q4 2023.

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

Brown & Brown's national programs — depreciation decreased by 31.8% year-over-year, from $4.40M to $3.00M.

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

Over 2 years (2021 to 2023), Brown & Brown's national programs — depreciation has grown at a 10.3% compound annual growth rate (CAGR), from $9.70M to $11.80M.

What does national programs — depreciation mean?

The annual non-cash expense representing the wear and tear of physical assets used by the National Programs segment.

Discontinued — last reported Q1 '24

Business Segments · Depreciation

National Programs — Depreciation

Brown & Brown National Programs — Depreciation increased by 3.4% to $3.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 31.8%, from $4.40M to $3.00M. Over 2 years (FY 2021 to FY 2023), National Programs — Depreciation shows an upward trend with a 10.3% 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

Rolls up toD&A

How to read this metric

An increase may indicate a larger asset base or recent capital investments, while a decrease may suggest aging assets or lower capital intensity.

Detailed definition

This represents the systematic allocation of the cost of tangible assets over their useful lives within the National Pro...

Peer comparison

Standard across insurance brokers; peers typically report this as part of segment-level operating expenses.

Metric ID: bro_segment_national_programs_depreciation

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	$2.10M	$2.30M	$3.00M	$2.30M	$2.80M	$3.50M	$4.60M	$4.40M	$3.00M	$2.90M	$2.90M	$3.00M
QoQ Change	—	+9.5%	+30.4%	-23.3%	+21.7%	+25.0%	+31.4%	-4.3%	-31.8%	-3.3%	+0.0%	+3.4%
YoY Change	—	—	—	—	+33.3%	+52.2%	+53.3%	+91.3%	+7.1%	-17.1%	-37.0%	-31.8%

Range$2.10M – $4.60M

CAGR+13.8%

Avg YoY Growth+18.9%

Median YoY Growth+20.2%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Brown & Brown's national programs — depreciation?: Brown & Brown (BRO) reported national programs — depreciation of $3.00M in Q4 2023.
How has Brown & Brown's national programs — depreciation changed year-over-year?: Brown & Brown's national programs — depreciation decreased by 31.8% year-over-year, from $4.40M to $3.00M.
What is the long-term trend for Brown & Brown's national programs — depreciation?: Over 2 years (2021 to 2023), Brown & Brown's national programs — depreciation has grown at a 10.3% compound annual growth rate (CAGR), from $9.70M to $11.80M.
What does national programs — depreciation mean?: The annual non-cash expense representing the wear and tear of physical assets used by the National Programs segment.