BROWN & BROWN INC

Ticker: BRO CUSIP: 115236101 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q3 2016

Shares 171,041 Value ($000) $6,450 Avg Close $17.08 Range $16.49 - $17.61

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	171,041	$6,450	$17.08	$16.49 - $17.61