Brown & Brown Quarterly Income Up

NU Online News Service, July 10, 2:22 p.m. EDT? Brown & Brown reported net income increased 31 percent in thesecond quarter and total revenues rose 20 percent for thethree-month period.

The Daytona Beach, Fla.-based insurance broker reported netincome rose $6.5 million from $21.4 million in 2002 to $28 millionfor the three months ending June 30. Earnings per share increased10 cents to 41 cents a share, an increase of 32 percent. Revenuesrose $23 million during the period, from $114.9 million to $137.9million.

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