Insurance broker USI Holdings Corp. reported net income increased 156 percent in the third quarter of this year, fueled by $5.7 million in acquisition revenue in the quarter.
The Briarcliff Manor, N.Y.-based firm reported net income in the quarter rose $2.95 million, from $1.89 million, or 3 cents a share, to $4.84 million, or 8 cents a share. Revenues increased more than 3 percent, or $4.43 million, from $127 million to $132 million.
For the nine months, net income was up over 300 percent, or $15.35 million, from $4.47 million, or 8 cents a share, to $19.83 million, or 34 cents a share. Revenues were up 8 percent, or $30 million, from $372 million to $402 million.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 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.
