Hub Says Fourth Quarter Profit Fell 64%

NU Online News Service, Feb. 23, 3:49 p.m. EST?Hub International Ltd. reported lower profit on higher revenue for a fourth-quarter and full-year 2004 earnings decline that it attributed to an acquisition charge.[@@]

Last July the Chicago-based brokerage purchased Talbot Financial in a non-cash, stock-based deal. Management said it has not been impacted by regulatory probes into insurer fee payments to brokers for steering customers.

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