Management of Brown & Brown, Inc. has the responsibility for preparing the accompanying consolidated financial statements and for their integrity and objectivity. The statements, which include amounts that are based on management’s best estimates and judgments given current conditions and circumstances, have been prepared in conformity with accounting principles generally accepted in the United States of America and are free of material misstatement. Management also prepared the additional information contained in this Annual Report and is responsible for its accuracy and consistency with the consolidated financial statements. Management of Brown & Brown, Inc. has developed and maintains a system of internal control over the preparation of its published annual and interim financial statements which is designed to provide reasonable assurance that the Company’s assets are safeguarded and protected from improper use. The system is constantly monitored, revised and improved to meet changing business conditions, company growth and recommendations made by the independent auditors. Management has assessed the Company’s system of internal control over the preparation of its published annual and interim financial statements. Based on this assessment, it is management’s opinion that the Company’s system of internal control as of December 31, 2002 is effective in providing reasonable assurance that its published annual and interim financial statements are free of material misstatement. The Audit Committee of the Company’s Board of Directors is composed of three non-employee directors and is responsible for approving the selection of the Company’s independent certified public accountants. The Audit Committee meets periodically with the Company’s internal auditors and independent auditors, as well as with management, to review accounting, auditing, internal control and financial reporting matters. The internal and independent auditors have private and confidential access to the Audit Committee.

J. Hyatt Brown Chairman & Chief Executive Officer	Cory T. Walker Vice President, Treasurer & Chief Financial Officer