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Brown & Brown, Inc. – ‘10-Q’ for 6/30/22 – ‘EX-31.2’

On:  Tuesday, 7/26/22, at 5:29pm ET   ·   For:  6/30/22   ·   Accession #:  950170-22-13113   ·   File #:  1-13619

Previous ‘10-Q’:  ‘10-Q’ on 5/9/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/3/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 4/24/24 for 3/31/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/26/22  Brown & Brown, Inc.               10-Q        6/30/22   87:21M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   6.97M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
11: R1          Document and Entity Information                     HTML     79K 
12: R2          Condensed Consolidated Statements of Income         HTML    100K 
                (Unaudited)                                                      
13: R3          Condensed Consolidated Statements of Comprehensive  HTML     48K 
                Income (Unaudited)                                               
14: R4          Condensed Consolidated Balance Sheets (Unaudited)   HTML    133K 
15: R5          Condensed Consolidated Balance Sheets (Unaudited)   HTML     37K 
                (Parenthetical)                                                  
16: R6          Condensed Consolidated Statements of Equity         HTML    104K 
                (Unaudited)                                                      
17: R7          Condensed Consolidated Statements of Equity         HTML     28K 
                (Unaudited) (Parenthetical)                                      
18: R8          Condensed Consolidated Statements of Cash Flows     HTML    135K 
                (Unaudited)                                                      
19: R9          Nature of Operations                                HTML     32K 
20: R10         Basis of Financial Reporting                        HTML    164K 
21: R11         Revenues                                            HTML    436K 
22: R12         Net Income Per Share                                HTML    119K 
23: R13         Business Combinations                               HTML    360K 
24: R14         Goodwill                                            HTML     82K 
25: R15         Amortizable Intangible Assets                       HTML     92K 
26: R16         Long-Term Debt                                      HTML    173K 
27: R17         Leases                                              HTML    178K 
28: R18         Supplemental Disclosures of Cash Flow Information   HTML    110K 
                and Non-Cash Financing and Investing Activities                  
29: R19         Legal and Regulatory Proceedings                    HTML     32K 
30: R20         Segment Information                                 HTML    411K 
31: R21         Investments                                         HTML    246K 
32: R22         Insurance Company Subsidiary Operations             HTML     79K 
33: R23         Shareholders' Equity                                HTML     45K 
34: R24         Basis of Financial Reporting (Policies)             HTML    166K 
35: R25         Basis of Financial Reporting (Tables)               HTML    157K 
36: R26         Revenues (Tables)                                   HTML    419K 
37: R27         Net Income Per Share (Tables)                       HTML    117K 
38: R28         Business Combinations (Tables)                      HTML    340K 
39: R29         Goodwill (Tables)                                   HTML     84K 
40: R30         Amortizable Intangible Assets (Tables)              HTML     88K 
41: R31         Long-Term Debt (Tables)                             HTML    133K 
42: R32         Leases (Tables)                                     HTML    180K 
43: R33         Supplemental Disclosures of Cash Flow Information   HTML    108K 
                and Non-Cash Financing and Investing Activities                  
                (Tables)                                                         
44: R34         Segment Information (Tables)                        HTML    402K 
45: R35         Investments (Tables)                                HTML    235K 
46: R36         Insurance Company Subsidiary Operations (Tables)    HTML     61K 
47: R37         Nature of Operations - Additional Information       HTML     28K 
                (Details)                                                        
48: R38         Basis of Financial Reporting - Schedule of          HTML    106K 
                Fiduciary Assets and Liabilities and Statement of                
                Cash Flows (Details)                                             
49: R39         Revenues - Schedule of Disaggregated by Revenue     HTML    105K 
                (Details)                                                        
50: R40         Revenues - Schedule of Balances of Contract Assets  HTML     31K 
                and Contract Liabilities Arising from contracts                  
                with Customers (Details)                                         
51: R41         Revenues - Additional Information (Details)         HTML     48K 
52: R42         Net Income Per Share - Reconciliation between       HTML     75K 
                Basic and Diluted Weighted Average Shares                        
                Outstanding (Details)                                            
53: R43         Business Combinations - Additional Information      HTML    106K 
                (Details)                                                        
54: R44         Business Combinations - Purchase Price Allocation   HTML     58K 
                for Current Year Acquisitions and Adjustments Made               
                for Prior Year Acquisitions (Details)                            
55: R45         Business Combinations - Estimated Fair Values of    HTML     75K 
                Aggregate Assets and Liabilities Acquired                        
                (Details)                                                        
56: R46         Business Combinations - Unaudited Pro Forma         HTML     46K 
                Results (Details)                                                
57: R47         Business Combinations - Additions, Payments, and    HTML     45K 
                Net Changes, as well as Interest Expense Accretion               
                on Estimated Acquisition Earn-Out Payables                       
                (Details)                                                        
58: R48         Goodwill - Changes in Carrying Value of Goodwill    HTML     50K 
                by Operating Segment (Details)                                   
59: R49         Amortizable Intangible Assets - Amortizable         HTML     43K 
                Intangible Assets (Details)                                      
60: R50         Amortizable Intangible Assets - Additional          HTML     37K 
                Information (Details)                                            
61: R51         Long-Term Debt - Schedule of Long-Term Debt         HTML     69K 
                (Details)                                                        
62: R52         Long-Term Debt - Schedule of Long-Term Debt         HTML     78K 
                (Parenthetical) (Details)                                        
63: R53         Long-Term Debt - Additional Information (Details)   HTML    131K 
64: R54         Leases - Additional Information (Details)           HTML     33K 
65: R55         Leases - Schedule of Balances and Classification    HTML     40K 
                of Operating Lease Right-of-Use Assets and                       
                Operating Lease Liabilities within Condensed                     
                Consolidated Balance Sheet (Details)                             
66: R56         Leases - Schedule of Components of Lease Cost for   HTML     40K 
                Operating Leases (Details)                                       
67: R57         Leases - Schedule of Weighted Average Remaining     HTML     30K 
                Lease Term and Weighted Average Discount Rate for                
                Operating Leases (Details)                                       
68: R58         Leases - Schedule of Maturities of Operating Lease  HTML     45K 
                Liabilities (Details)                                            
69: R59         Leases - Schedule of Supplemental Cash Flow         HTML     31K 
                Information (Details)                                            
70: R60         Supplemental Disclosures of Cash Flow Information   HTML     40K 
                and Non-Cash Financing and Investing Activities -                
                Additional Information (Details)                                 
71: R61         Supplemental Disclosures of Cash Flow Information   HTML     31K 
                and Non-Cash Financing and Investing Activities -                
                Summary of Cash Paid for Interest and Income Taxes               
                (Details)                                                        
72: R62         Supplemental Disclosures of Cash Flow Information   HTML     35K 
                and Non-Cash Financing and Investing Activities -                
                Summary of Significant Non-Cash Investing and                    
                Financing Activities (Details)                                   
73: R63         Supplemental Disclosures of Cash Flow Information   HTML     40K 
                and Non-Cash Financing and Investing Activities -                
                Schedule of Reconciliation of Cash and Cash                      
                Equivalents Inclusive of Restricted Cash (Details)               
74: R64         Segment Information - Additional Information        HTML     40K 
                (Details)                                                        
75: R65         Segment Information - Summarized Financial          HTML     91K 
                Information Reportable Segments (Details)                        
76: R66         Investments - Summary of Amortized Cost and Fair    HTML     43K 
                Values of Fixed Maturity Securities (Details)                    
77: R67         Investments - Additional Information (Details)      HTML     46K 
78: R68         Investments - Schedule of Investments' Gross        HTML     51K 
                Unrealized Loss and Fair Value (Details)                         
79: R69         Investments - Amortized Cost and Fair Value of      HTML     49K 
                Fixed Maturity Securities by Contractual Maturity                
                (Details)                                                        
80: R70         Insurance Company Subsidiary Operations - Effects   HTML     53K 
                of Reinsurance on Premiums Written and Earned                    
                (Details)                                                        
81: R71         Insurance Company Subsidiary Operations -           HTML     76K 
                Additional Information (Details)                                 
82: R72         Shareholders' Equity - Additional Information       HTML     70K 
                (Details)                                                        
85: XML         IDEA XML File -- Filing Summary                      XML    164K 
83: XML         XBRL Instance -- bro-20220630_htm                    XML   5.90M 
84: EXCEL       IDEA Workbook of Financial Reports                  XLSX    169K 
 6: EX-101.CAL  XBRL Calculations -- bro-20220630_cal                XML    257K 
 7: EX-101.DEF  XBRL Definitions -- bro-20220630_def                 XML    668K 
10: EX-101.LAB  XBRL Labels -- bro-20220630_lab                      XML   1.49M 
 8: EX-101.PRE  XBRL Presentations -- bro-20220630_pre               XML   1.10M 
 9: EX-101.SCH  XBRL Schema -- bro-20220630                          XSD    223K 
86: JSON        XBRL Instance as JSON Data -- MetaLinks              474±   761K 
87: ZIP         XBRL Zipped Folder -- 0000950170-22-013113-xbrl      Zip    534K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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  EX-31.2  

 

Exhibit 31.2

Certification by the Chief Financial Officer

Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002

I, R. Andrew Watts, certify that:

1. I have reviewed this Quarterly Report of Brown & Brown, Inc. (the “Registrant”) on Form 10-Q for the quarter ended June 30, 2022;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: July 26, 2022

 

/s/ R. Andrew Watts

R. Andrew Watts

Executive Vice President, Chief Financial Officer and Treasurer

 

 



Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/26/22None on these Dates
For Period end:6/30/22
 List all Filings 


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/29/18  Brown & Brown, Inc.               8-K:5,8,9   3/28/18    3:72K
10/12/16  Brown & Brown, Inc.               8-K:5,9    10/12/16    2:104K
 5/15/03  Brown & Brown, Inc.               10-Q        3/31/03    5:373K
 5/13/99  Brown & Brown, Inc.               10-Q        3/31/99    4:45K
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Filing Submission 0000950170-22-013113   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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