DAYTONA BEACH, Fla., Feb. 26, 2018 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) announced that its board of directors approved a 2-for-1 stock split of the Company’s common stock. The stock split will be effectuated by distributing one additional share to each shareholder of record on March 14, 2018 for every share of common stock then owned.

The Company expects the additional shares issued in connection with the split to be distributed on March 28, 2018. As a result of the stock split, the number of outstanding shares of common stock will increase from approximately 138 million to approximately 276 million.

About Brown & Brown

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurancemagazine as the United States’ sixth largest independent insurance intermediary. The Company’s Web address is www.bbinsurance.com.