Daytona Beach, Fla.-based insurance broker Brown & Brown says its fourth-quarter net income climbed by 17 percent, aided by rising rates.
The brokerage reports net income for the quarter of $43 million. Revenues were up 24 percent, or $59 million, to $303 million.
The company reports organic growth of more than 5 percent for the fourth quarter. Retail brokerage grew by close to 6 percent and wholesale brokerage was up 8 percent.
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