BROWN & BROWN INC

Ticker: BRO CUSIP: 115236101 Class: Common Stock

Pembroke Management, LTD's Holding History (CIK: 0001063497)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 32,300 Value ($000) $1,014 Avg Close $14.08 Range $12.34 - $14.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	32,300	$1,014	$14.08	$12.34 - $14.94