Review of Operations 2001 was a “breakout” year for all four of the divisions that comprise the operations of Brown & Brown. Continued strong sales and marketing success, combined with aggressive cost containment, were key factors in achieving our ninth consecutive year of record earnings.
		The Brokerage Division experienced dramatic organic growth during 2001 of 57.1%. At the same time, geographic expansion of this important aspect of our business was at an all-time high. The year began with nine brokerage locations in three states; today there are 10 such operations in five states. With rates continuing to firm and overall capacity in flux, the outlook for the Brokerage Division is very strong. This group, without question, has the “wind at its back” and should meet its challenging revenue and profit goals for 2002. Office locations: • Connecticut: Stamford • Florida: Daytona Beach, Ft. Lauderdale, Lake Mary, Orlando, St. Petersburg • Georgia: Atlanta • New York: Massapequa, Rochester • North Carolina: Charlotte