Net Income Stock Price Range
(in thousands,
except per share data)		 Revenues Amount

Per Share

 Cash Dividend
per Share

High

 Low
2002


















First Quarter
$ 111,035
$ 20,162
$ 0.31
$ 0.0475
$ 36.33
$ 26.03
Second Quarter

114,903

21,401

0.31

0.0475

37.00

30.15
Third Quarter

110,657

20,178

0.29

0.0475

31.80

24.00
Fourth Quarter

119,147

21,381

0.31

0.0575

34.80

28.00


$ 455,742
$ 83,122
$ 1.22
$ 0.2000






2001
First Quarter $ 89,410 $ 12,876 $ 0.20 $ 0.0375 $ 19.96 $ 14.38
Second Quarter 89,933 12,420 0.20 0.0375 23.05 16.95
Third Quarter 89,809 13,402 0.21 0.0375 26.30 20.50
Fourth Quarter 95,877 15,215 0.24 0.0475 31.50 23.70
$ 365,029 $ 53,913 $ 0.85 $ 0.1600
2000
First Quarter $ 67,951 $ 9,910 $ 0.16 $ 0.0325 $ 10.06 $ 7.81
Second Quarter 65,002 8,299 0.14 0.0325 13.11 9.50
Third Quarter 65,069 8,819 0.14 0.0325 16.00 11.86
Fourth Quarter 67,383 5,765 0.09 0.0375 17.94 14.88
$ 265,405 $ 32,793 $ 0.53 $ 0.1350

Quarterly financial information is affected by seasonal variations. The timing of contingent commissions, policy renewals and acquisitions may cause revenues, expenses and net income to vary significantly between quarters.
©2003 Brown & Brown Insurance, Inc.