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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

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