Discontinued — last reported Q1 '24
Business Segments · Goodwill
National Programs — Goodwill
Brown & Brown National Programs — Goodwill increased by 17.4% to $1.85B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 15.6%, from $1.60B to $1.85B. Over 2 years (FY 2021 to FY 2023), National Programs — Goodwill shows an upward trend with a 22.9% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2024
Rolls up toGoodwill
How to read this metric
A high balance suggests a history of acquisitions; significant changes may signal future impairment risks.
Detailed definition
This represents the cumulative intangible asset value recorded on the balance sheet for the segment, arising from past a...
Peer comparison
Standard balance sheet item for acquisitive firms; peers report this as 'Segment Goodwill'.
Metric ID:
bro_segment_national_programs_goodwillHistorical 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 | $1.09B | $1.09B | $1.09B | $1.09B | $1.49B | $1.49B | $1.51B | $1.60B | $1.58B | $1.58B | $1.58B | $1.85B |
| QoQ Change | — | +0.1% | -0.1% | +0.0% | +37.0% | -0.1% | +1.3% | +6.1% | -1.6% | +0.4% | -0.3% | +17.4% |
| YoY Change | — | — | — | — | +36.9% | +36.6% | +38.6% | +47.0% | +5.6% | +6.1% | +4.5% | +15.6% |
Range$1.09B – $1.85B
CAGR+21.3%
Avg YoY Growth+23.9%
Median YoY Growth+26.1%
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Frequently Asked Questions
- What is Brown & Brown's national programs — goodwill?
- Brown & Brown (BRO) reported national programs — goodwill of $1.85B in Q4 2023.
- How has Brown & Brown's national programs — goodwill changed year-over-year?
- Brown & Brown's national programs — goodwill increased by 15.6% year-over-year, from $1.60B to $1.85B.
- What is the long-term trend for Brown & Brown's national programs — goodwill?
- Over 2 years (2021 to 2023), Brown & Brown's national programs — goodwill has grown at a 22.9% compound annual growth rate (CAGR), from $4.36B to $6.59B.
- What does national programs — goodwill mean?
- The total value of goodwill attributed to the segment from past business acquisitions.