Brown & Brown Inc. Announces Quarterly Cash Dividend

Daytona Beach, Fla.-based Brown & Brown, Inc. today announced that the Board of Directors has declared a regular quarterly cash dividend of 5 cents per share. The dividend is payable on August 20, 2003, to shareholders of record on August 6, 2003.

Brown & Brown, Inc. and its subsidiaries provide a broad range of insurance and reinsurance products and services, as well as risk management, employee benefit administration, and managed health care services through offices located across the United States.