Brown & Brown, Inc. announces 10% increase in quarterly cash dividend rate and authorization for up to $1.5 billion share buyback

Core Points - Brown & Brown, Inc. has declared a quarterly cash dividend of $0.165 per share, marking a 10% increase from the previous dividend of $0.15 per share, and this is the company's 32nd consecutive annual dividend increase [1] - The board has authorized the purchase of up to an additional $1.25 billion of the company's outstanding common stock, bringing the total authorized repurchase amount to approximately $1.5 billion [2] - The company operates as a leading insurance brokerage firm with over 700 locations and a workforce of more than 23,000 professionals, providing customized insurance solutions since 1939 [3]