UK Tax Strategy 2025

Brown & Brown Inc. & Subsidiaries
UK Tax Strategy 2025

Brown & Brown, Inc. & Subsidiaries (“the Group”) regards the publication of this UK tax strategy as
complying with its duty under paragraph 16(2) of Schedule 19 of the Finance Act 2016 to publish its
United Kingdom (“UK”) tax strategy in the current financial year, ended 31 December 2024.

References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which
include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax.
References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation.

Taking each of the requirements of Schedule 19 in turn:

1. Approach of the UK Group to risk management and governance arrangements in relation to UK
taxation

Following acquisitions in the year to 31 December 2024, Brown & Brown, Inc currently operates in the
UK through four sub-groups:

• Decus;
• Brown & Brown (Europe);
• BdB; and
• Kentro

1.1 Governance
Responsibility for the tax strategy, the supporting governance framework and management of tax risk
ultimately sits with the Company’s Chief Financial Officer. Day-to-day responsibility for each of these
areas sits with the Company’s Director of Tax. The Group’s tax strategy aligns to the Group’s wider risk
and control framework. Key risks and issues related to tax are escalated to and considered by the
Group’s Audit Committee.

1.2 Tax risk management
The Group’s subsidiaries presently operate globally and manages tax risks in a variety of ways
including:

• The Group aims to manage tax risk in a similar way to any area of operational risk across the
  Group. The business is supported by oversight functions, including Tax and Internal Audit
  functions.
• The Group routinely engages local country third party accounting and legal firms to aid in the tax
  compliance, audit of financials, and the implementation of tax strategies as needed.
• As needed, the Group looks to engage with tax authorities to disclose and resolve issues, risks
  and uncertain tax positions. As a result, at any given time, the Group may be exposed to
  financial and reputational risks arising from its tax affairs, although the tax risk management
  procedures in place mean that these risks are carefully controlled.

2. Attitude of the Group to tax planning (so far as affecting UK taxation)
The Group acknowledges its responsibility to pay the right amount of tax, as defined by all rules and
regulations, in each of the principal jurisdictions in which it operates. The commercial needs of the
Group are paramount, and all tax planning must have a business purpose. The economic benefits
associated with tax planning must never override compliance with all applicable laws. The Group’s Tax
Director will ensure that tax arrangements are well-understood and based on sound, researched
principles. All material tax arrangements are vetted through local jurisdiction third party accounting and
of legal firms.

3. Level of risk in relation to UK taxation that the Group is prepared to accept
The Group’s tax risk appetite requires that, where tax law is unclear or subject to interpretation, the
level of risk which the Group accepts in relation to UK taxation is consistent with its overall objective of
achieving certainty, where possible, in the Group’s tax affairs.

4. Approach towards dealings with HMRC and other tax authorities
The Group seeks to comply with its tax filing, tax reporting and tax payment obligations globally. The
Group’s Tax Director recognizes the importance of developing strong and collaborative relationships
with HMRC. The Group’s Tax Director will:

• Proactively manage Brown & Brown Inc.’s relationship with HMRC with the aim of minimizing
  the risk of challenge, dispute or damage to its credibility.
• Participate in any formal tax authority consultation process where it is expected that the matter
  under consultation will have a material impact on the Group’s liability or the Group’s tax
  compliance management.