BROWN & BROWN INC

Ticker: BRO CUSIP: 115236101 Class: Common Stock

Retirement Systems of Alabama's Holding History (CIK: 0001593051)

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

Q4 2025

Shares 62,464 Value ($000) $4,978 Avg Close $83.36 Range $76.17 - $96.35

Q3 2025

Shares 62,501 Value ($000) $5,862 Avg Close $97.18 Range $89.80 - $110.60

Q2 2025

Shares 60,975 Value ($000) $6,760 Avg Close $111.89 Range $101.62 - $125.05

Q1 2025

Shares 50,998 Value ($000) $6,344 Avg Close $111.13 Range $99.54 - $124.34

Q4 2024

Shares 51,387 Value ($000) $5,243 Avg Close $106.04 Range $100.21 - $113.42

Q3 2024

Shares 51,604 Value ($000) $5,346 Avg Close $98.62 Range $87.51 - $105.19

Q2 2024

Shares 52,227 Value ($000) $4,670 Avg Close $85.97 Range $79.47 - $92.90

Q1 2024

Shares 52,136 Value ($000) $4,564 Avg Close $79.49 Range $68.39 - $87.05

Q4 2023

Shares 52,059 Value ($000) $3,702 Avg Close $70.55 Range $65.78 - $75.31

Q3 2023

Shares 53,226 Value ($000) $3,717 Avg Close $70.26 Range $65.48 - $73.51

Q2 2023

Shares 53,507 Value ($000) $3,683 Avg Close $62.56 Range $56.07 - $68.16

Q1 2023

Shares 69,475 Value ($000) $3,989 Avg Close $56.43 Range $51.89 - $61.02

Q4 2022

Shares 75,309 Value ($000) $4,290 Avg Close $57.30 Range $52.69 - $62.66

Q3 2022

Shares 77,868 Value ($000) $4,709 Avg Close $61.54 Range $56.16 - $66.97

Q2 2022

Shares 77,668 Value ($000) $4,531 Avg Close $59.93 Range $51.70 - $72.04

Q1 2022

Shares 77,689 Value ($000) $5,615 Avg Close $65.38 Range $59.61 - $72.18

Q4 2021

Shares 77,673 Value ($000) $5,459 Avg Close $62.78 Range $53.93 - $68.90

Q3 2021

Shares 80,265 Value ($000) $4,451 Avg Close $54.15 Range $50.65 - $57.81

Q2 2021

Shares 563,663 Value ($000) $29,953 Avg Close $49.88 Range $44.30 - $52.77

Q1 2021

Shares 564,499 Value ($000) $25,803 Avg Close $44.44 Range $41.30 - $47.14

Q4 2020

Shares 656,915 Value ($000) $31,144 Avg Close $44.47 Range $41.53 - $47.00

Q3 2020

Shares 656,060 Value ($000) $29,700 Avg Close $43.00 Range $38.78 - $45.74

Q2 2020

Shares 573,939 Value ($000) $23,394 Avg Close $37.12 Range $31.94 - $42.11

Q1 2020

Shares 304,511 Value ($000) $11,029 Avg Close $40.59 Range $29.50 - $46.78

Q4 2019

Shares 443,811 Value ($000) $17,522 Avg Close $35.99 Range $33.47 - $38.75

Q3 2019

Shares 442,775 Value ($000) $15,966 Avg Close $34.20 Range $31.99 - $35.60

Q2 2019

Shares 562,583 Value ($000) $18,847 Avg Close $30.24 Range $28.15 - $32.00

Q1 2019

Shares 560,306 Value ($000) $16,535 Avg Close $27.17 Range $24.91 - $28.69

Q4 2018

Shares 562,172 Value ($000) $15,493 Avg Close $26.83 Range $24.42 - $28.25

Q3 2018

Shares 299,555 Value ($000) $8,858 Avg Close $28.12 Range $26.00 - $29.87

Q2 2018

Shares 296,895 Value ($000) $8,233 Avg Close $25.69 Range $22.93 - $27.05

Q1 2018

Shares 295,844 Value ($000) $7,526 Avg Close $24.58 Range $23.27 - $25.37

Q4 2017

Shares 149,614 Value ($000) $7,699 Avg Close $23.56 Range $22.50 - $24.62

Q3 2017

Shares 220,028 Value ($000) $10,603 Avg Close $20.98 Range $19.74 - $22.93

Q2 2017

Shares 148,280 Value ($000) $6,386 Avg Close $19.99 Range $19.12 - $20.80

Q1 2017

Shares 148,192 Value ($000) $6,183 Avg Close $20.11 Range $19.39 - $21.23

Q4 2016

Shares 148,467 Value ($000) $6,660 Avg Close $18.83 Range $16.72 - $21.16

Q3 2016

Shares 147,736 Value ($000) $5,571 Avg Close $17.08 Range $16.49 - $17.61

Q2 2016

Shares 149,917 Value ($000) $5,617 Avg Close $16.34 Range $15.71 - $17.26

Q1 2016

Shares 148,354 Value ($000) $5,311 Avg Close $14.72 Range $12.98 - $16.48

Q4 2015

Shares 150,342 Value ($000) $4,826 Avg Close $14.60 Range $13.84 - $15.12

Q3 2015

Shares 148,283 Value ($000) $4,592 Avg Close $14.92 Range $13.51 - $15.75

Q2 2015

Shares 146,589 Value ($000) $4,817 Avg Close $14.82 Range $14.29 - $15.34

Q1 2015

Shares 149,353 Value ($000) $4,945 Avg Close $14.58 Range $13.73 - $15.08

Q4 2014

Shares 147,800 Value ($000) $4,864 Avg Close $14.46 Range $13.90 - $15.05

Q3 2014

Shares 147,800 Value ($000) $4,752 Avg Close $14.20 Range $13.44 - $15.03

Q2 2014

Shares 148,761 Value ($000) $4,568 Avg Close $13.44 Range $12.61 - $13.96

Q1 2014

Shares 148,820 Value ($000) $4,578 Avg Close $13.68 Range $12.39 - $14.62

Q4 2013

Shares 145,695 Value ($000) $4,573 Avg Close $14.08 Range $12.34 - $14.94

Q3 2013

Shares 145,695 Value ($000) $4,677 Avg Close $14.46 Range $13.54 - $15.53

Q2 2013

Shares 143,885 Value ($000) $4,639 Avg Close $13.98 Range $13.22 - $14.70

Q1 2013

Shares 143,553 Value ($000) $4,599 Avg Close $12.75 Range $11.12 - $14.14

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	62,464	$4,978	$83.36	$76.17 - $96.35
Q3 2025	62,501	$5,862	$97.18	$89.80 - $110.60
Q2 2025	60,975	$6,760	$111.89	$101.62 - $125.05
Q1 2025	50,998	$6,344	$111.13	$99.54 - $124.34
Q4 2024	51,387	$5,243	$106.04	$100.21 - $113.42
Q3 2024	51,604	$5,346	$98.62	$87.51 - $105.19
Q2 2024	52,227	$4,670	$85.97	$79.47 - $92.90
Q1 2024	52,136	$4,564	$79.49	$68.39 - $87.05
Q4 2023	52,059	$3,702	$70.55	$65.78 - $75.31
Q3 2023	53,226	$3,717	$70.26	$65.48 - $73.51
Q2 2023	53,507	$3,683	$62.56	$56.07 - $68.16
Q1 2023	69,475	$3,989	$56.43	$51.89 - $61.02
Q4 2022	75,309	$4,290	$57.30	$52.69 - $62.66
Q3 2022	77,868	$4,709	$61.54	$56.16 - $66.97
Q2 2022	77,668	$4,531	$59.93	$51.70 - $72.04
Q1 2022	77,689	$5,615	$65.38	$59.61 - $72.18
Q4 2021	77,673	$5,459	$62.78	$53.93 - $68.90
Q3 2021	80,265	$4,451	$54.15	$50.65 - $57.81
Q2 2021	563,663	$29,953	$49.88	$44.30 - $52.77
Q1 2021	564,499	$25,803	$44.44	$41.30 - $47.14
Q4 2020	656,915	$31,144	$44.47	$41.53 - $47.00
Q3 2020	656,060	$29,700	$43.00	$38.78 - $45.74
Q2 2020	573,939	$23,394	$37.12	$31.94 - $42.11
Q1 2020	304,511	$11,029	$40.59	$29.50 - $46.78
Q4 2019	443,811	$17,522	$35.99	$33.47 - $38.75
Q3 2019	442,775	$15,966	$34.20	$31.99 - $35.60
Q2 2019	562,583	$18,847	$30.24	$28.15 - $32.00
Q1 2019	560,306	$16,535	$27.17	$24.91 - $28.69
Q4 2018	562,172	$15,493	$26.83	$24.42 - $28.25
Q3 2018	299,555	$8,858	$28.12	$26.00 - $29.87
Q2 2018	296,895	$8,233	$25.69	$22.93 - $27.05
Q1 2018	295,844	$7,526	$24.58	$23.27 - $25.37
Q4 2017	149,614	$7,699	$23.56	$22.50 - $24.62
Q3 2017	220,028	$10,603	$20.98	$19.74 - $22.93
Q2 2017	148,280	$6,386	$19.99	$19.12 - $20.80
Q1 2017	148,192	$6,183	$20.11	$19.39 - $21.23
Q4 2016	148,467	$6,660	$18.83	$16.72 - $21.16
Q3 2016	147,736	$5,571	$17.08	$16.49 - $17.61
Q2 2016	149,917	$5,617	$16.34	$15.71 - $17.26
Q1 2016	148,354	$5,311	$14.72	$12.98 - $16.48
Q4 2015	150,342	$4,826	$14.60	$13.84 - $15.12
Q3 2015	148,283	$4,592	$14.92	$13.51 - $15.75
Q2 2015	146,589	$4,817	$14.82	$14.29 - $15.34
Q1 2015	149,353	$4,945	$14.58	$13.73 - $15.08
Q4 2014	147,800	$4,864	$14.46	$13.90 - $15.05
Q3 2014	147,800	$4,752	$14.20	$13.44 - $15.03
Q2 2014	148,761	$4,568	$13.44	$12.61 - $13.96
Q1 2014	148,820	$4,578	$13.68	$12.39 - $14.62
Q4 2013	145,695	$4,573	$14.08	$12.34 - $14.94
Q3 2013	145,695	$4,677	$14.46	$13.54 - $15.53
Q2 2013	143,885	$4,639	$13.98	$13.22 - $14.70
Q1 2013	143,553	$4,599	$12.75	$11.12 - $14.14