Page 1

Brown B & rown wn INSURANCE . Exhibit 99.1 April 26 , 2021 News Release R. Andrew Watts Chief Financial Officer ( 386 ) 239-5770 BROWN & BROWN , INC . ANNOUNCES QUARTERLY REVENUES OF $ 815.3 MILLION , AN INCREASE OF 16.7 % , DILUTED NET INCOME PER SHARE OF $ 0.70 , AND A QUARTERLY DIVIDEND OF $ 0.0925 PER SHARE ( Daytona Beach , Florida ) . . . Brown & Brown , Inc. ( NYSE : BRO ) ( the " Company " ) today announced its unaudited financial results for the first quarter of 2021 . Revenues for the first quarter of 2021 under U.S. generally accepted accounting principles ( " GAAP " ) were $ 815.3 million , increasing $ 116.8 million , or 16.7 % , compared to the first quarter of the prior year , with commissions and fees increasing by 16.9 % and Organic Revenue ( 1 ) increasing by 9.8 % . Net income was $ 199.7 million , increasing $ 47.3 million , or 31.0 % , and diluted net income per share increased to $ 0.70 , or 29.6 % as compared to the first quarter of the prior year . Diluted Net Income Per Share - Adjusted ( 2 ) increased to $ 0.70 , or 37.3 % , compared to the first quarter of the prior year . J. Powell Brown , President and Chief Executive Officer of the Company , noted , “ We had a great quarter . The results were driven by more new business , good retention , and rate increases across all four divisions . Our team did an outstanding job of delivering for our customers in a work - from - anywhere environment . " In addition , the Company today announced that the Board of Directors has declared a regular quarterly cash dividend of $ 0.0925 per share . The dividend is payable on May 19 , 2021 to shareholders of record on May 10 , 2021 . 1