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Brown & Brown board approves stock split

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Brown & Brown board approves stock split

Brown & Brown Inc.'s board approved a 2-for-1 stock split of the company's common stock.

Each shareholder will receive 1 additional share in connection with the split March 14. The additional shares are payable March 28.

As a result of the stock split, the number of outstanding shares of common stock will increase to approximately 276 million from approximately 138 million.