Discontinued — last reported Q1 '24
Business Segments · Goodwill
Services — Goodwill
Brown & Brown Services — Goodwill decreased by 25.7% to $127.30M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 25.7%, from $171.30M to $127.30M. Over 2 years (FY 2021 to FY 2023), Services — Goodwill shows relatively stable performance with a -3.3% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2024
Rolls up toGoodwill
How to read this metric
High levels indicate significant historical acquisition activity; sudden decreases may signal impairment or divestiture of business units.
Detailed definition
The intangible asset value representing the premium paid over the fair market value of net assets during acquisitions wi...
Peer comparison
Commonly high in sectors with frequent M&A activity, such as insurance brokerage.
Metric ID:
bro_segment_services_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 | $171.27M | $171.27M | $171.27M | $171.30M | $171.30M | $171.30M | $171.30M | $171.30M | $171.30M | $171.30M | $171.30M | $127.30M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -25.7% |
| YoY Change | — | — | — | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -25.7% |
Range$127.30M – $171.30M
CAGR-10.2%
Avg YoY Growth-3.2%
Median YoY Growth+0.0%
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Frequently Asked Questions
- What is Brown & Brown's services — goodwill?
- Brown & Brown (BRO) reported services — goodwill of $127.30M in Q4 2023.
- How has Brown & Brown's services — goodwill changed year-over-year?
- Brown & Brown's services — goodwill decreased by 25.7% year-over-year, from $171.30M to $127.30M.
- What is the long-term trend for Brown & Brown's services — goodwill?
- Over 2 years (2021 to 2023), Brown & Brown's services — goodwill has grown at a -3.3% compound annual growth rate (CAGR), from $685.11M to $641.20M.
- What does services — goodwill mean?
- The value of intangible assets like brand and customer base acquired through business purchases.