NU Online News Service, Oct. 27, 3:46 p.m. EDT
Willis Group Holdings reported third-quarter net income increased 113 percent on the strength of new business and its acquisition of insurance broker Hilb, Rogal and Hobbs.
The London-headquartered insurance brokerage firm said today that third-quarter net income rose $43 million from $38 million last year to $81 million. That translated into earnings per share of 47 cents compared to 25 cents a year ago. Revenues in the quarter grew 25 percent, or $146 million, to $725 million.
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