<SEC-DOCUMENT>0000079282-14-000017.txt : 20141021
<SEC-HEADER>0000079282-14-000017.hdr.sgml : 20141021
<ACCEPTANCE-DATETIME>20141020174600
ACCESSION NUMBER:		0000079282-14-000017
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140930
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141021
DATE AS OF CHANGE:		20141020

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:		141164600

	BUSINESS ADDRESS:	
		STREET 1:		220 S. RIDGEWOOD AVE.
		CITY:			DAYTONA BEACH
		STATE:			FL
		ZIP:			32114
		BUSINESS PHONE:		386-252-9601

	MAIL ADDRESS:	
		STREET 1:		220 S. RIDGEWOOD AVE.
		CITY:			DAYTONA BEACH
		STATE:			FL
		ZIP:			32114

	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>k8.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>
<TR STYLE="vertical-align: top">
    <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): October 20, 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>
<TR STYLE="vertical-align: top">
    <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 October 20, 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 third quarter ended September 30, 2014.&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 Century Schoolbook; margin: 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">The information furnished
        herewith pursuant to Item&nbsp;2.02 of this Current Report 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 October 20, 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-left: 5.4pt; font-size: 12pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(Registrant)</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; text-indent: 0.5in">/S/ R. ANDREW WATTS</P></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;____________________________</U></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="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: October 20, 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>erq3.htm
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<P STYLE="font: italic 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 196px; width: 256px"></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"><FONT STYLE="font-size: 10pt">&#9;</FONT>&#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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<FONT STYLE="font-size: 20pt; font-style: normal"><B>News
Release</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"><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">October 20, 2014&#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;&#9;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;(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 OF $421.3 MILLION, AN INCREASE OF 17.3%; EARNINGS PER SHARE OF $0.47, AN INCREASE
OF 20.5%; AND A 10% INCREASE IN THE QUARTERLY DIVIDEND RATE TO $0.11 PER SHARE </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 third 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 third quarter of 2014
under U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) were $421.3 million, increasing $62.0 million or 17.3%
as compared to the third quarter of the prior year with organic revenues (as defined below) increasing by 2.9%. EBITDAC Margins
(as defined below) were 35.1% vs. 33.7%, an increase of 140 basis points from the third quarter of the prior year. Pro-forma EBITDAC
(as defined below) excluding the Wright Insurance Group, LLC (&#8220;Wright&#8221;), which was acquired in May 2014, increased
by 30 basis points to 34.0%. Diluted earnings per share under GAAP were $0.47 vs. $0.39 in the third quarter of the prior year,
representing a 20.5% 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 pleased with our results for the quarter,
even while the middle market economy remains choppy and rate increases continue to moderate or trend down.&#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 nine months ended
September 30, 2014 was $1,182.7 million, compared with total revenue for the same period of 2013 of $1,020.1 million, an increase
of 15.9%. Organic revenues increased by 3.5% after adjusting for Colonial Claims&#8217; revenue related to Hurricane Sandy in 2013.
Net income for the nine month period ended September 30, 2014 was $182.4 million, or $1.24 diluted earnings per share, compared
with $169.9 million, or $1.16 diluted earnings 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: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">In the third quarter we initiated a
$50 million accelerated share repurchase program that was part of the $200 million repurchase plan approved by the Board of Directors
in July of this year. This $50 million program was completed in October 2014.</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, the Company received investment grade rating status from Standard &amp; Poor&#8217;s and Moody&#8217;s of BBB- and
Baa3, respectively for its newly issued $500 million of 10 year senior notes with a coupon of 4.20%. Proceeds from the notes were
used to repay the outstanding balance on the revolving loan facility of $475 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 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-style: normal">The Board of Directors has
voted to increase the quarterly cash dividend rate to $0.11 per share, a 10% increase from the current rate of $0.10 per share,
with the first payment at the new dividend rate to be made on November 12, 2014, to shareholders of record on October 31, 2014.&nbsp;
This is the twenty-first consecutive year of dividend growth for the Company.</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">&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 September 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>

<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>&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: 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">Organic 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>09/30/14</U></B></FONT></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>09/30/13</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">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">198.0</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">184.5</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">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">13.5</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">7.3</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">9.7</TD><TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: black; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 5%; color: black; font-weight: normal; font-style: normal; text-align: right">3.8</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">2.1</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">112.8</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">72.9</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">39.9</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">54.7</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">38.4</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">1.5</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">2.0</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">56.9</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">52.1</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">4.8</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">9.2</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">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">4.0</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">7.7</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="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">35.3</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">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">5.0</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">16.5</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">4.4</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">2.1</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: 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>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>403.0</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>339.8</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>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>63.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>18.6</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>%</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>53.3</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>$</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>&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>2.9</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 5.75pt 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;
</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;
</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; text-align: center">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</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; text-align: center"><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 September 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"></TD><TD STYLE="font-style: normal; padding-bottom: 1pt"><U></U></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>09/30/14</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt"></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>09/30/13</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-style: normal; text-align: left; padding-left: 5.4pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>Total Core Commissions and Fees</B></FONT></TD><TD STYLE="width: 8%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 12%; font-style: normal; text-align: right"><B>403.0</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 12%; font-style: normal; text-align: right"><B>339.8</B></TD><TD STYLE="width: 1%; 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">15.0</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">14.0</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; 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">2.6</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">2.4</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">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">2.0</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-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"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: right"><B>420.6</B></TD><TD STYLE="padding-bottom: 1pt; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-style: normal; text-align: right"><B>358.2</B></TD><TD STYLE="padding-bottom: 1pt; font-style: normal; text-align: left"><B>&nbsp;</B></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"><FONT STYLE="font-style: normal; background-color: yellow"></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">&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 large size of Wright we believe it is appropriate to adjust for the margin impact of this item in order to arrive at a Pro
Forma comparable to that of the prior year. After this adjustment, our diluted earnings per share &#8211; pro forma (as defined
below) were $0.43 for the three months ended September 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>GAAP
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 September 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; text-align: center; vertical-align: top"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>9/30/14</B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: center"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>9/30/13</B></FONT></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; vertical-align: top"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&#9;<U>$</U></B></FONT></TD><TD STYLE="font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-style: normal; border-bottom: Black 1pt solid; text-align: center; vertical-align: top"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&#9;<U>%</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 42%; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>GAAP earnings per share &#8211; as reported</B></FONT></TD><TD STYLE="width: 2%; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 3%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 9%; font-style: normal; text-align: right"><B>0.47</B></TD><TD STYLE="width: 1%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 11%; font-style: normal; text-align: right"><B>0.39</B></TD><TD STYLE="width: 2%; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; font-style: normal; text-align: right"><B>0.08</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>20.5</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-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">-0.04</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">-0.04</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</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"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="font-style: normal; text-align: right"><B>0.43</B></TD><TD STYLE="font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="font-style: normal; text-align: right"><B>0.39</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>0.04</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>7.7</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"><B>&nbsp;</B></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 $147.7
million, an increase of $26.5 million or 21.9%.&nbsp;&nbsp; The associated EBITDAC margin expanded 140 basis points to 35.1%, reflecting
our commitment to profitable revenue growth through a disciplined acquisition strategy and sound operational management. For the
reasons stated above, we believe EBITDAC adjusted for the acquisition of Wright provides a more appropriate comparison to the prior
year.&nbsp; EBITDAC &#8211; pro forma increased 7.5% to $130.3 million for the quarter as compared to the third quarter of the
prior year.</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 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 September 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>

<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>

<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; background-color: rgb(204,238,255)">
    <TD STYLE="color: black; font-style: normal; padding-left: 0.1in">&nbsp;</TD><TD STYLE="color: black; font-style: normal">&nbsp;</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>9/30/14</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>9/30/13</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: center; vertical-align: top"><B><U>$</U></B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"></TD><TD STYLE="color: black; font-style: normal; text-align: center; vertical-align: top"><B><U>%</U></B></TD><TD STYLE="color: black; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; color: black; font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDA </B></FONT></TD><TD STYLE="width: 3%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; color: black; font-style: normal; text-align: right"><B>147.3</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; color: black; font-style: normal; text-align: right"><B>121.8</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 10%; color: black; font-style: normal; text-align: right"><B>25.5</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 3%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 10%; color: black; font-style: normal; text-align: right"><B>20.9</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-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">0.4</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">1.0</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">&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; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>EBITDAC</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>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>147.7</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>121.2</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>26.5</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>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>21.9</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-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">-17.4</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">-17.4</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</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"><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>130.3</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>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>121.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>9.1</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>7.5</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>

<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: 12pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: justify">&nbsp;&nbsp;</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 September 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: right">9/30/14</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: right">9/30/13</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</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"><B>&nbsp;</B></TD><TD STYLE="width: 12%; color: black; font-style: normal; text-align: right"><B>35.0</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"><B>&nbsp;</B></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></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">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">-0.2</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</B></FONT></TD><TD STYLE="color: black; font-style: normal">&nbsp;</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>35.1</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>33.7</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-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">-1.1</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">&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"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>34.0</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>33.7</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: 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>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>GAAP
RECONCILIATION - </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>INCOME
BEFORE INCOME TAXES TO EBITDAC<SUP>(3)</SUP></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 September 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: justify">&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: right">9/30/14</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: right">9/30/13</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; color: black; font-style: normal; text-align: justify; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif; color: black"><B>Income before income taxes</B></FONT></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"><B>$</B></TD><TD STYLE="width: 12%; color: black; font-style: normal; text-align: right"><B>112.6</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="width: 12%; color: black; font-style: normal; text-align: right"><B>95.3</B></TD><TD STYLE="width: 1%; color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: justify; padding-left: 0.1in">Amortization</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">22.0</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">17.9</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="color: black; font-weight: normal; font-style: normal; text-align: justify; padding-left: 0.1in">Deprecation</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">5.4</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">4.5</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="font-weight: normal; font-style: normal; text-align: justify; padding-left: 0.1in">Interest</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">7.3</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">4.1</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="color: black; font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.1in">Change in estimated 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">0.4</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></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: normal; padding-left: 0.1in"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;EBITDAC</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>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>147.7</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD><TD STYLE="color: black; font-style: normal"><B>&nbsp;</B></TD>
    <TD STYLE="color: black; font-style: normal; text-align: left"><B>$</B></TD><TD STYLE="color: black; font-style: normal; text-align: right"><B>121.2</B></TD><TD STYLE="color: black; font-style: normal; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <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: italic 11.5pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><B>&nbsp;</B></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>September 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>Nine 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>September 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><U>2014</U></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><U>2013</U></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><U>2014</U></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><U>2013</U></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">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">420.6</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">358.2</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">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">1,177.3</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">1,016.1</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">0.1</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">0.5</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">0.5</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-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">0.5</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">1.0</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">4.9</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">3.5</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">421.3</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">359.3</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">1,182.7</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">1,020.1</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; 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">203.1</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">180.5</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">583.6</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">503.5</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">5.7</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">7.5</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">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">14.9</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; 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">64.8</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">50.1</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">177.9</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">143.9</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; 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">22.0</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">17.9</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">60.5</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">50.1</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-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">5.4</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">4.5</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">15.3</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">12.9</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; 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">7.3</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">4.1</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">18.4</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">12.1</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-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">0.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.6</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.5</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-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">308.7</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">264.0</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">881.5</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">738.9</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">112.6</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">95.3</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">301.2</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">281.2</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">44.4</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">37.7</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">118.8</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">111.3</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: 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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">68.2</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">57.6</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">182.4</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">169.9</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.47</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.40</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">1.26</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">1.18</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.47</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.39</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">1.24</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">1.16</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">140,915</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">141,139</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">141,253</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">140,925</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">142,964</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">142,789</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">143,102</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">142,476</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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.30</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">0.27</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>




<P STYLE="font: italic 10.5pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: italic 10.5pt Times New Roman, Times, Serif; margin: 0 5.75pt 0 0; text-align: center"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 10.5pt 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 10.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-align: center">CONSOLIDATED BALANCE SHEETS</P>

<P STYLE="font: italic 10.5pt 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 10.5pt 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 10.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10.5pt Times New Roman, Times, Serif">
<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;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: right"><B><I>September 30,&nbsp;&nbsp;</I></B></TD><TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: right"><B><I>December 31,</I></B></TD><TD STYLE="font-weight: bold; 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;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: center; vertical-align: top">2014</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: center; vertical-align: top">2013</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</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">$</TD><TD STYLE="width: 15%; font-weight: normal; font-style: normal; text-align: right">382.1</TD><TD STYLE="width: 2%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">$</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">275.8</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">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">11.5</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">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">392.4</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">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;Reinsurance recoverable</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">23.0</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">&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: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Prepaid reinsurance premiums</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">346.0</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">&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-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">19.4</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">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">35.7</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">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">1,485.9</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">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">88.2</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">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">2,512.5</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">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">805.7</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">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">20.0</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">&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">33.5</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">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">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">4,945.8</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: normal; font-style: normal; text-align: right">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">$</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">535.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">$</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;Losses and loss adjustment reserve</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">23.0</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">&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: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;Unearned premiums</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">346.0</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">&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-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">99.5</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">47.6</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">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">172.8</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">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">38.8</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">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">1,263.0</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">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">1,159.7</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">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">345.6</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">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">72.2</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">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 10.5pt 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 10.5pt 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 145,904 </FONT></P> <P STYLE="font: italic 10.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 12.6pt; text-indent: -12.6pt"><FONT STYLE="font-style: normal">and outstanding 143,765 at 2014; and issued and</FONT></P> <P STYLE="font: italic 10.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 0; text-indent: 0.5in"><FONT STYLE="font-style: normal">outstanding 145,419 at 2013 &#8211; in thousands</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.6</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">398.6</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">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 10.5pt Times New Roman, Times, Serif; margin: 0 6pt 0 12.6pt; text-indent: -13.5pt"><FONT STYLE="font-style: normal">Treasury Stock, at cost 2,139 and 0 shares </FONT></P> <P STYLE="font: italic 10.5pt 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">(67.5</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">1,759.6</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">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">2,105.3</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">4,945.8</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">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">&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 third quarter 2014 results will be held on Tuesday, October 21, 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"><FONT STYLE="color: black">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 </FONT>www.bbinsurance.com<FONT STYLE="color: black">.</FONT></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 third quarter of 2014, and expected dividends.
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 third 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, Illinois, 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, EBITDAC &#8211; Pro Forma, EBITDAC Margins and EBITDAC Margins &#8211; Pro Forma. 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>
