Third-quarter net income for Chicago-based insurance broker Hub International hit more than $7 million, rebounding from a loss in the period last year.
“Despite the traditional third-quarter slowdown, we had an excellent quarter,” said Martin P. Hughes, chairman and chief executive officer.
For the third quarter, net income increased $7.9 million, from a loss of $741,000, or 2 cents a share in 2005, to $7.2 million, or 18 cents a share. Revenues grew 29 percent, or more than $28 million, from $98 million to $126.5 million.
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