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Dayton Beach, Fla.-based insurance broker Brown & Brown saw its net income rise 12 percent ($5.33 million) in 2012’s third quarter to $49.5 million. Revenues were up 17 percent ($43.4 million) to $303.8 million.

“We are pleased with our record earnings in the third quarter,” President & CEO J. Powell Brown says in a statement. “Our retail division continues to show increasing organic growth, which suggests that economic conditions are improving for our clients across the country that are predominantly in the middle market.”

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