<SEC-DOCUMENT>0000079282-14-000014.txt : 20140722
<SEC-HEADER>0000079282-14-000014.hdr.sgml : 20140722
<ACCEPTANCE-DATETIME>20140722071504
ACCESSION NUMBER:		0000079282-14-000014
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140513
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20140722
DATE AS OF CHANGE:		20140722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN & BROWN INC
		CENTRAL INDEX KEY:			0000079282
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				590864469
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13619
		FILM NUMBER:		14985543

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601
		BUSINESS PHONE:		8132224182

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & BROWN INC
		DATE OF NAME CHANGE:	19930827

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & ASSOCIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>bb8k.htm
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Century Schoolbook; border-collapse: collapse">
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    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">UNITED STATES</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">SECURITIES AND EXCHANGE COMMISSION</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Washington, D.C.&nbsp;&nbsp;20549</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">FORM 8-K</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">CURRENT REPORT</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Pursuant to Section 13 or 15(d) of the</FONT></TD></TR>
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    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Securities Exchange Act of 1934</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Date of Report (Date of earliest event reported): July 21, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center; text-decoration: underline"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>BROWN &amp; BROWN, INC.</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>Florida</U></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>001-13619</U></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>59-0864469</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(State or other jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">of incorporation)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center; text-decoration: underline"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>220 South Ridgewood Avenue, Florida 32114</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Registrant's telephone number, including area code:<U> &nbsp;&nbsp;&nbsp;&nbsp;(386) 252-9601&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center; text-decoration: underline"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>N/A</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Former name or former address, if changed since last report)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Century Schoolbook; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Item 2.02 </B></FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Century Schoolbook; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>Results of Operations and Financial Condition.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; text-indent: 0in"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">On July 21, 2014, Brown &amp; Brown, Inc.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"> <FONT STYLE="font-size: 12pt">issued a press release announcing its results of operations for the second quarter ended June 30, 2014 as well as certain plans regarding stock repurchases.&nbsp;&nbsp;A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">The information furnished herewith
        pursuant to Item&nbsp;2.02 of this Current Report, including Exhibit 99.1, shall not be deemed to be filed for the purposes of
        Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The
        information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant
        to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing</FONT>.</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B><U>Item 9.01. Financial Statements and Exhibits.</U></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(d) Exhibits</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The following exhibit is furnished herewith:</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Exhibit No. Description</U></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press
        Release dated July 21, 2014.</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>SIGNATURES</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Century Schoolbook; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Century Schoolbook">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">BROWN &amp; BROWN, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 24pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 24pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">(Registrant)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">By<FONT STYLE="text-transform: uppercase">:<U> &nbsp;&nbsp;&nbsp;/S/ R. ANDREW WATTS</U></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. Andrew Watts, Chief Financial Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font-size: 12pt; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Date: July 21, 2014</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 8pt Century Schoolbook; margin: 0 0 12pt">&nbsp;</P>


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<TYPE>EX-99.1 CHARTER
<SEQUENCE>2
<FILENAME>q2rel.htm
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<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><IMG SRC="image_001.gif" ALT="" STYLE="height: 157px; width: 205px"></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 280pt"><FONT STYLE="font-size: 10pt">&#9;</FONT>&#9;&#9;<FONT STYLE="font-size: 20pt; font-style: normal"><B>News
Release</B></FONT></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 280pt"><FONT STYLE="font-size: 20pt; font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 3.5in; text-align: left; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal">R.
Andrew Watts</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify; text-indent: 20pt">July 21, 2014&#9;&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial
Officer&#9;&#9;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(386) 239-5770</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>BROWN
&amp; BROWN, INC. ANNOUNCES QUARTERLY REVENUES </B></FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>OF
$397.8 MILLION, AN INCREASE OF 22.1%; ORGANIC REVENUE GROWTH OF 3.8%; EARNINGS PER SHARE OF $0.42; AND APPROVAL OF $200 MILLION
STOCK BUYBACK</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">(<I>Daytona Beach, Florida</I>) . . .
Brown &amp; Brown, Inc. (NYSE:BRO) today announced its unaudited financial results for the second quarter of 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">Revenues for the second quarter of
2014 under U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) were $397.8 million, increasing $72.1 million or
22.1% as compared to the second quarter of the prior year. Organic Revenues (as defined below) increased by 3.8% after adjusting
for Colonial Claims&#8217; revenue related to Hurricane Sandy in the second quarter of 2013. EBITDAC &#8211; pro forma Margins
(as defined below) were 34.2% vs. 33.8%, an increase of 40 basis points from the second quarter of the prior year. Diluted earnings
per share under GAAP were $0.42 vs. $0.36 in the second quarter of the prior year, representing a 16.7% increase.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><FONT STYLE="color: black">J. Powell
Brown, President and Chief Executive Officer of the Company, noted, &#8220;</FONT>We are very pleased with the results for the
quarter as we delivered organic growth in line with our expectations and increased margins modestly. We also closed five acquisitions
totaling $157M of revenues, including the Wright Insurance Group (&#8220;Wright&#8221;) acquisition during the second quarter.&#8221;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">Total revenue for the six months ended
June 30, 2014 was $761.4 million, compared with total revenue for the same period of 2013 of $660.7 million, an increase of 15.2%.
Net income for the six month period ended June 30, 2014 was $114.2 million, or $0.78 per share, compared with $112.0 million, or
$0.77 per share for the same period of 2013.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 6pt 0 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif; color: black">In
the second quarter we completed our $25 million stock buyback that was approved by the Board of Directors in January of this year.
The objective of this buyback was to help manage our share increase</FONT> <FONT STYLE="font: 12pt Times New Roman, Times, Serif; color: black">attributable
to stock incentive plans. Consistent with our historical disciplined approach to managing capital, the Board of Directors has approved
the purchasing of up to an additional $200 million worth of the Company&#8217;s outstanding shares. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">The shares will be repurchased
from time to time, at the Company&rsquo;s discretion and subject to the availability of stock, market conditions, the trading
price of the stock, alternative uses for capital, the Company&#8217;s financial performance and other potential factors.
These repurchases may be carried out through open market purchases, block trades, accelerated repurchases, negotiated private
transactions and pursuant to any trading plan that may be adopted in accordance with rule 10b5-1 of the Securities and
Exchange Commission.</P>




<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-style: normal"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal">During
the quarter, we also funded our new Credit Facility in conjunction with the acquisition of Wright and repaid $230 million of existing
term loan debt.&nbsp; The Credit Facility includes a Term A Loan of $550 million and a Revolving Loan Facility with a drawing capacity
of $800 million.&nbsp; To facilitate the activities above, we drew $375 million on the Revolving Loan.&nbsp; As of June 30, our
total debt outstanding was $1,175 million.</FONT></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 6pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Brown
&amp; Brown, Inc.</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>INTERNAL
GROWTH SCHEDULE</B></FONT></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-size: 11pt; font-style: normal"><B>Organic
Revenue Growth</B></FONT><FONT STYLE="font-size: 10pt"><SUP>(1)</SUP></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Three
Months Ended June 30, 2014</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-style: normal"><B>(in
millions, unaudited)</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-style: normal">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="color: black; font-weight: bold; text-align: center">Organic Revenue</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="color: black; font-style: normal; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>Quarter Ended</B></FONT></TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="color: black; font-weight: bold; text-align: center">Change</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; text-align: center">Acquisition</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="color: black; font-weight: bold; text-align: center">Growth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="color: black; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-style: normal; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B><U>06/30/14</U></B></FONT></TD><TD STYLE="color: black; font-style: normal; padding-bottom: 1pt"><U>&nbsp;</U></TD>
    <TD COLSPAN="3" STYLE="color: black; font-style: normal; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B><U>06/30/13</U></B></FONT></TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Revenues</TD><TD STYLE="color: black; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: normal; text-align: center; border-bottom: Black 1pt solid">$</TD><TD STYLE="color: black; font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 37%; color: black; font-weight: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black">Retail<I><SUP>(2)</SUP></I></FONT></TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">205.9</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">167.3</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">38.6</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">23.1</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">35.2</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">3.4</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">2.0</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: justify; text-indent: -8.1pt; padding-left: 8.1pt">&nbsp;&nbsp;National</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: justify; text-indent: -8.1pt; padding-left: 8.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Programs</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">89.8</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">62.4</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">27.4</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">43.9</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">26.0</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">2.2</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: normal; padding-left: 5.4pt">Wholesale</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-weight: normal; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;Brokerage</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">58.6</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">52.9</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">5.7</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">10.8</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">4.3</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">8.1</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: justify; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Services</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">35.6</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">30.3</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">5.3</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">17.5</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">4.6</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">0.7</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">2.3</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: normal; text-align: justify; text-indent: -9pt; padding-left: 9pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>Total Core</B></FONT></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>Comm. and Fees</B></FONT></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>389.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>312.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>77.0</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>24.6</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>67.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>9.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>3.1</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>Services
    Excluding</B></FONT></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>&nbsp;&nbsp;&nbsp;Colonial
    Claims</B></FONT></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>35.6</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>28.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>7.4</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>26.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>4.6</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>2.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>9.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 5.4pt"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: right"><B>&nbsp;</B></TD><TD STYLE="font-style: italic; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif; color: black"><B>Total
    Excluding Colonial Claims</B></FONT></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>389.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>310.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>79.1</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>25.5</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>67.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>11.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>3.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 13.5pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(1)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Organic Revenue Growth is defined as total commissions and fees less (i) the first twelve
months of net commission and fee revenues generated from acquisitions accounted for as purchases less (ii) profit-sharing contingent
commissions (revenues derived from special revenue-sharing commissions from insurance companies based upon the volume and the growth
and/or profitability of the business placed with such companies during the prior year &#8211; &#8220;Contingents&#8221;), less
(iii) guaranteed supplemental commissions (revenues derived from special revenue-sharing commissions from insurance companies based
solely upon the volume of the business placed with such companies during the current year &#8211; &#8220;GSC&#8217;s&#8221;), and
less (iv) divested business (commissions and fees generated from offices, books of business or niches sold by the Company or terminated).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 13.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 13.5pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(2)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The Retail segment includes commissions and fees reported in the &#8220;Other&#8221; column
of the Segment Information, which includes corporate and consolidation items.</FONT></P>




<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-style: normal"></FONT></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0">&nbsp;</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>RECONCILIATION
OF INTERNAL GROWTH SCHEDULE</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>TO
TOTAL COMMISSIONS AND FEES</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>Included
in the Consolidated Statements of Income</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>For
the Three Months Ended June 30, 2014 and 2013</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>(in
millions, unaudited)</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center; text-indent: -0.25in"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>Quarter Ended</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>06/30/14</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>06/30/13</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: center">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: italic; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Total Core Commissions and Fees</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">389.9</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">312.9</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Profit-Sharing Contingent Commissions</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Guaranteed Supplemental Commissions</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Divested Business</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;Total Commissions and Fees</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: right"><B>394.7</B></TD><TD STYLE="padding-bottom: 1pt; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: right"><B>324.1</B></TD><TD STYLE="padding-bottom: 1pt; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0"></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: justify"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: justify"><FONT STYLE="font-style: normal">Due
to the seasonal nature of the revenue stream for the Beecher Carlson large accounts business, the large size of Wright and the
impact of Hurricane Sandy revenues within our Colonial Claims business, we believe, in our opinion, it is appropriate to adjust
for the margin impact of these items in order to arrive at a Pro Forma comparable to that of the prior year. After these adjustments,
our earnings per share &#8211; pro forma (as defined below) was $0.38 for the three months ended June 30, 2014.</FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Brown
&amp; Brown, Inc.</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EARNINGS
PER SHARE RECONCILIATION TO </B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EARNINGS
PER SHARE - PRO FORMA</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Three
Months Ended June 30, 2014</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>(unaudited)</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>Quarter Ended</B></FONT></TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>6/30/14</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>6/30/13</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&#9;<U>$</U></B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&#9;<U>%</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 42%; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>GAAP earnings per share &#8211; as reported</B></FONT></TD><TD STYLE="width: 1%; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; font-style: normal; text-align: right"><B>0.42</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; font-style: normal; text-align: right"><B>0.36</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; font-style: normal; text-align: right"><B>0.06</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 10%; font-style: normal; text-align: right"><B>16.7</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Colonial Claims</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-0.01</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.01</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Beecher Carlson large accounts</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-0.01</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-0.01</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-2.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">&nbsp;Wright Insurance Group</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">-0.03</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">-0.03</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">-8.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>Earnings per share - pro forma</B></FONT></TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD STYLE="font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="font-style: normal; text-align: right"><B>0.38</B></TD><TD STYLE="font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="font-style: normal; text-align: right"><B>0.35</B></TD><TD STYLE="font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="font-style: normal; text-align: right"><B>0.03</B></TD><TD STYLE="font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal; text-align: right"><B>8.6</B></TD><TD STYLE="font-style: normal; text-align: left"><B>%</B></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">EBITDAC for the quarter was $134.8
million, an increase of $23.6 million or 21.2%.&nbsp; For the reasons stated above, we believe EBITDAC adjusted for the large accounts
at Beecher Carlson, the acquisition of Wright and the impact of Hurricane Sandy provides a more appropriate comparison to prior
year.&nbsp; EBITDAC &#8211; pro forma increased 10.3% to $120.8 million for the quarter.&nbsp; The associated EBITDAC margin expanded
40 basis points to 34.2%, reflecting, in our opinion, our commitment to profitable revenue growth through a disciplined acquisition
strategy and sound operational management.</P>




<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-style: normal"></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal"><B>Brown
&amp; Brown, Inc.</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EBITDA
RECONCILIATION TO</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EBITDAC<SUP>(3)</SUP>
- PRO FORMA</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Three
Months Ended June 30, 2014</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>(in
millions, unaudited)</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>Quarter Ended</B></FONT></TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: black; font-style: normal">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center">6/30/14</TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center">6/30/13</TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center"><U>$</U></TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center"><U>%</U></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; color: black; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDA &#8211; as reported</B></FONT></TD><TD STYLE="width: 3%; color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; color: black; font-weight: bold; font-style: normal; text-align: right">134.7</TD><TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; color: black; font-weight: bold; font-style: normal; text-align: right">110.6</TD><TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; color: black; font-weight: bold; font-style: normal; text-align: right">24.1</TD><TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: black; font-weight: bold; font-style: normal; text-align: right">21.8</TD><TD STYLE="width: 1%; color: black; font-weight: bold; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">Change in acquisition earn-out payables</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">0.1</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">0.6</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-0.5</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-83.3</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDAC &#8211; as reported</B></FONT></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>134.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>111.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>23.6</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>21.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Colonial Claims</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">-1.7</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">1.7</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">1.9</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Beecher Carlson large accounts</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">-4.1</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">-4.1</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">-3.7</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">&nbsp;&nbsp;Wright Insurance Group</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-9.9</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-9.9</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-9.1</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDAC &#8211; pro forma </B></FONT></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>120.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>109.5</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>11.3</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>10.3</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal"><B>Brown
&amp; Brown, Inc.</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EBITDA
MARGIN RECONCILIATION TO</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>EBITDAC<SUP>(3)</SUP>
MARGIN - PRO FORMA</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Three
Months Ended June 30, 2014</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0 1.45pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>(unaudited)</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-style: normal">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>Quarter Ended</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center">6/30/14</TD><TD STYLE="color: black; font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: black; font-weight: bold; font-style: normal; text-align: center">6/30/13</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; color: black; font-style: normal; text-align: left; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDA margin &#8211; as reported</B></FONT></TD><TD STYLE="width: 8%; color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; color: black; font-style: normal; text-align: right"><B>33.9</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="width: 8%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; color: black; font-style: normal; text-align: right"><B>34.0</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: italic; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">&nbsp;&nbsp;Change in acquisition earn-out payables</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDAC margin &#8211; as reported</B></FONT></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>33.9</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>34.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Colonial Claims</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">-0.4</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.1in">&nbsp;&nbsp;Beecher Carlson large accounts</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">0.8</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">&nbsp;&nbsp;Wright Insurance Group</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">-0.5</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; text-align: left; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDAC margin &#8211; pro forma </B></FONT></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>34.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal">&nbsp;</TD>
    <TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>33.8</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 13.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.8pt"><FONT STYLE="font-size: 10pt">EBITDAC is defined as net income before interest,
income taxes, depreciation, amortization and the change in estimated acquisition earn-out payables.</FONT></TD></TR></TABLE>




<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><B>Brown &amp; Brown, Inc.</B></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>CONSOLIDATED
STATEMENTS OF INCOME</B></FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal">(in
millions, except per share data; unaudited)</FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11.5pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center"><P STYLE="font: italic bold 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal">&nbsp;</FONT></P><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>For the</B></FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Three Months Ended</B></FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>June 30,</B></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>For the</B></FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Six Months Ended</B></FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>June 30,</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; font-style: italic">&nbsp;</TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11.5pt Times New Roman, Times, Serif"><B>2014</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11.5pt Times New Roman, Times, Serif"><B>2013</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11.5pt Times New Roman, Times, Serif"><B>2014</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: normal 11.5pt Times New Roman, Times, Serif"><B>2013</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt"><B>REVENUES</B></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Commissions and fees</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">394.7</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">324.1</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">756.7</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">657.9</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Investment income</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Other income, net</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">2.9</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">4.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">2.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total revenues</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">397.8</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">325.7</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">761.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">660.7</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt"><B>EXPENSES</B></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Employee compensation and benefits</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">196.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">163.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">380.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">323.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Non-cash stock-based compensation</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">6.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Other operating expenses</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">60.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">47.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">113.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">93.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Amortization</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">20.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">16.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">38.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">32.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Depreciation</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">9.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Interest</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">11.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; text-indent: -9pt; padding-left: 9pt">Change in estimated acquisition earn-out&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">296.0</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">239.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">572.8</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">475.1</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Income before income taxes</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">101.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">86.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">188.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">185.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Income taxes</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">40.0</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">34.2</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">74.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">73.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net income</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">61.8</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">51.9</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">114.2</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">112.0</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Net income per share:</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;Basic</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.43</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.36</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.79</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.78</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;Diluted</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.42</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.36</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.78</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.77</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Weighted average number of shares outstanding:</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;Basic</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">141,250</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">140,836</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">141,428</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">140,816</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;Diluted</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">143,032</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">143,021</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">143,169</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">142,938</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt; padding-left: 5.4pt">Dividends declared per share</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.10</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.09</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.20</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.18</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>




<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>Brown
&amp; Brown, Inc.</B></FONT></P>

<P STYLE="font: bold 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center">CONSOLIDATED BALANCE SHEETS</P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal">(in
millions, except per share data, unaudited)</FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><FONT STYLE="font: 10 Times New Roman, Times, Serif">&#9;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11.5pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10; font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10; font-weight: bold; font-style: italic; text-align: center">June 30,</TD><TD STYLE="font-size: 10; font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10; font-weight: bold; font-style: italic; text-align: center">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10; font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-size: 10; font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left; padding-left: 5.4pt">ASSETS</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Current assets:</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Cash and cash equivalents</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">309.1</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">203.0</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Restricted cash and investments</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">300.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">250.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">&nbsp;&nbsp;Short-term investments</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Premiums, commissions and fees receivable</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">433.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">395.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Deferred income taxes</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">16.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">29.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;Other current assets</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">388.0</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">39.3</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,459.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">928.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Fixed assets, net</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">86.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">74.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Goodwill</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,509.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,006.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Amortizable intangible assets, net</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">829.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">618.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Investments</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Other assets</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">27.4</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">21.7</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total assets</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">4,930.4</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">3,649.6</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">LIABILITIES AND SHAREHOLDERS&rsquo; EQUITY</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Current liabilities:</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Premiums payable to insurance companies</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">634.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">534.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Premium deposits and credits due customers</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">98.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">81.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Accounts payable</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">55.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">34.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Accrued expenses and other liabilities</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">446.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">157.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;Current portion of long-term debt</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">6.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">100.0</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,242.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">907.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 5.4pt">Long-term debt</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,168.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">380.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Deferred income taxes, net</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">337.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">291.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">Other liabilities</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">100.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">63.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; text-align: left; padding-left: 5.4pt">Shareholders&rsquo; equity:</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt"><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 0.5in"><FONT STYLE="font-style: normal">&nbsp;&nbsp;Common stock, par value $0.10 per share;</FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 0.5in"><FONT STYLE="font-style: normal">&nbsp;&nbsp; authorized 280,000 shares; issued 145,389 </FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 12.6pt; text-indent: -12.6pt"><FONT STYLE="font-style: normal">and 145,419;outstanding 144,544 and 145,419</FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 0.5in"><FONT STYLE="font-style: normal">at 2014 and 2013, respectively &#8211; in thousands</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Additional paid-in capital</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">386.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">372.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt"><P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 12.6pt; text-indent: -13.5pt"><FONT STYLE="font-style: normal">Treasury Stock, at cost 845 and 0 shares </FONT></P> <P STYLE="font: italic 11.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 12.6pt"><FONT STYLE="font-style: normal">at 2014 and 2013, respectively &#8211; in thousands</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(25.0</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;Retained earnings</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,705.8</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,620.6</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders&rsquo; equity</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">2,081.5</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">2,007.1</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders&rsquo; equity</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">4,930.4</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">3,649.6</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>






<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><B><U>Conference call, webcast and
slide presentation</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><FONT STYLE="color: black">A conference
call to discuss the second quarter 2014 results will be held on Tuesday, July 22, 2014 at 8:00 AM Eastern Time. You can access
the webcast by visiting the &#8220;Investor Relations&#8221; section of </FONT>www.bbinsurance.com<FONT STYLE="color: black">.
The Company may refer to a slide presentation during its conference call. The slides will be available to view and download from
the &#8220;Investor Relations&#8221; section of the Company&#8217;s website at </FONT>www.bbinsurance.com.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><B><U>About Brown &amp; Brown</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">Brown &amp; Brown, Inc., through its
subsidiaries, offers a broad range of insurance and reinsurance products and services. Additionally, certain Brown &amp; Brown
subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity,
individual, trade and professional association clients nationwide, the Company is ranked by <I>Business Insurance</I> magazine
as the United States&#8217; sixth largest independent insurance intermediary. The Company&#8217;s Web address is www.bbinsurance.com.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><B><U>Forward-looking statements</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><FONT STYLE="color: black">This press
release may contain certain statements relating to future results which are forward-looking statements, including those relating
to the Company's</FONT> anticipated financial results for <FONT STYLE="color: black">the second quarter of 2014, and potential
repurchases of our common stock. These statements are not historical facts, but instead represent only the Company&#8217;s current
belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company&#8217;s control.
It is possible that the Company&#8217;s actual results, financial condition and achievements may differ, possibly materially, from
the anticipated results, financial condition and achievements contemplated by these forward-looking statements. </FONT>These risks
and uncertainties include, but are not limited to, the Company's determination as it finalizes its financial results for <FONT STYLE="color: black">the
second quarter of 2014 </FONT>that its financial results differ from the current preliminary unaudited numbers set forth herein;
fluctuations in our stock&#8217;s market price; fluctuations in operating results and cash flows; material adverse changes in economic
conditions in the markets we serve and in the general economy; downward commercial property and casualty premium pressures; future
regulatory actions and conditions in the states in which the Company conducts business; competition from others in the insurance
agency, wholesale brokerage, insurance programs and service business; the integration of the Company&#8217;s operations with those
of businesses or assets the Company has acquired or may acquire in the future and the failure to realize the expected benefits
of such integration; and the potential occurrence of a disaster that affects certain areas including, but not limited to, the States
of California, Florida, Georgia, Indiana, Kansas, Massachusetts, Michigan, New Jersey, New York, North Carolina, Oregon, Pennsylvania,
Texas, Virginia and /or Washington, where significant portions of the Company&#8217;s business are conducted; other factors that
the Company may not have currently identified or quantified, and other risks, relevant factors and uncertainties identified in
the Company's Annual Report on Form 10-K for the year ended December 31, 2013, and <FONT STYLE="color: black">the Company&#8217;s
</FONT>other<FONT STYLE="color: black"> filings with the Securities and Exchange Commission. All forward-looking statements made
herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct
any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes
aware. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify"><B><U>Non-GAAP supplemental financial
information</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">This press release contains
references to non-GAAP financial measures as defined in Regulation G of SEC rules, including Organic Revenue Growth, Earnings
Per Share - Pro Forma, EBITDAC (defined as net income before interest, income taxes, depreciation, amortization and the
change in estimated acquisition earn-out payables) and EBIDAC Margins. A reconciliation of this supplemental non-GAAP
financial information to our GAAP information is contained in this earnings release. We present such non-GAAP supplemental
financial information, as we believe such information is of interest to the investment community because it provides
additional meaningful methods of evaluating certain aspects of the Company&#8217;s operating performance from period to
period on a basis that may not be otherwise apparent on a GAAP basis. This supplemental financial information should be
considered in addition to, not in lieu of, the Company&#8217;s condensed consolidated financial statements.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Rockwell,serif; margin: 0 6pt 0 0; text-align: center"><B><I># # #</I></B></P>


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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
