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.

Also in the third quarter, the company expensed $2.6 millionfrom a legal claim first raised in 1994. This claim expense reducedthe company's diluted net income per share for the third quarter of2011 by $0.01.

In announcing the latest results, president and CEO J. PowellBrown said, “We continue to swim upstream against a very difficulteconomy. We are pleased that our services, national programs andwholesale brokerage divisions achieved positive internal revenuegrowth for the third quarter.”

Headquartered in Daytona Beach and Tampa, Brown & Brown isone of the selected companies that comprise the Standard &Poor's Mid-Cap 400 Index.