Brown & Brown Inc. insurance brokerage reportedfirst-quarter net profits rose 16 percent to $50 million, comparedwith $43 million for the 2005 period.
Total revenue for the Daytona Beach, Fla.-based firm in thequarter rose 14 percent to $231 million, compared with $202 millionfor the same year-ago period.
Chairman J. Hyatt Brown said the windstorm capacity crunch fromTexas to Virginia "is the most serious I have seen in my 47-yearcareer. But that being said, all in all, we are pleased with theresults this quarter."
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
