NU Online News Service, July 30, 1:28 p.m. EDT
Willis Group Holdings reported net second quarter income rose 123 percent over the same period last year primarily on last year's acquisition of Hilb, Rogal & Hobbs, but organic growth grew only 1 percent as the soft market and recession took a toll.
Net income for the second quarter rose $48 million compared to the same period last year, to $87 million. Earnings per share increased from 27-cents last year to 52-cents. Revenues increased 19 percent, or $123 million, to $784 million.
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