Brown &Brown, Inc. showed a slight dip in net income but a rise intotal revenue in its 2011 third quarter financial results.

Net income for the third quarter of 2011 was $44,173,000, or$0.30 per share, compared with $44,293,000, or $0.31 per share forthe same quarter in 2010, a decrease of 0.3 percent. Total revenuefor the third quarter ended Sept. 30, 2011, was $260,401,000,compared with 2010 third-quarter revenue of $247,616,000, anincrease of 5.2 percent.

The company remains slightly ahead of 2010 for the year in totalrevenue. For the first nine months of 2011, total revenue was$769,445,000, compared with $743,554,000 for same period in 2010.Net income for the first nine months of 2011 was $127,501,000, or$0.88 per share, compared with $129,606,000, or $0.90 per share in2010.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.