Brown & Brown Inc. insurance brokerage reportedfirst-quarter net profits rose 16 percent to $50 million, comparedwith $43 million for the 2005 period.

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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.

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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."

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Since the beginning of the year, the company said it hascompleted seven acquisitions with total annualized revenues of$24.6 million.

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"Our operating model continues to attract the best-in-class ofacquisition candidates, including small and medium business withindustry-leading margins," said company president JimHenderson.

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