Brown & Brown, Inc., headquartered in Daytona Beach and Tampa, Florida, is one of the nation's leading independent insurance intermediaries. The Company provides a broad range of insurance and reinsurance products and services, as well as risk management, employee benefit administrations, and managed health care services through over 120 company offices in thirty states. The Company is ranked by Business Insurance magazine as the nations sixth largest independent insurance intermediary organization.

Brown & Brown is one of the selected companies that comprise the Stand & Poor's Mid-Cap 400 Index. In September 2003, Fortune magazine ranked Brown & Brown at Number 51 on its 2003 list of America's 100 Fastest-Growing Companies.

The Company markets and sells primarily property/casualty insurance and employee benefit products and services. Since the Company does not engage in underwriting activities, it does not assume underwriting risks. Instead, it acts in an agency capacity to provide customers with targeted, customized risk management products.

The Company's business is divided into four divisions: the Retail Division, the Programs Division; the Services Division and the Brokerage Division. The Retail Division is composed of Company employees who market and sell a broad range of insurance products directly to customers. The Programs Division works with underwriters to develop proprietary insurance programs for specific niche markets. These programs are marketed and sold primarily through independent agencies and agents in all 50 states as well as in Puerto Rico and the Virgin Islands. The services Division is comprised of Company employees who provided insurance-related services such as third party administration, consultation and managed health care services for workers' compensation and employee benefit markets. The Brokerage Division markets and sells excess and surplus commercial insurance and reinsurance, as well as certain niche programs, primarily through independent agencies and agents.

With origins dating back to 1939, Brown & Brown was incorporated under the laws of the state of Florida in 1959. The Company is a publicly owned corporation with its stock traded on the New York Stock Exchange under the symbol BRO.