Brown & Brown Quarterly Income Up
NU Online News Service, July 10, 2:22 p.m. EDT ? Brown & Brown reported net income increased 31 percent in the second quarter and total revenues rose 20 percent for the three-month period.
The Daytona Beach, Fla.-based insurance broker reported net income rose $6.5 million from $21.4 million in 2002 to $28 million for the three months ending June 30. Earnings per share increased 10 cents to 41 cents a share, an increase of 32 percent. Revenues rose $23 million during the period, from $114.9 million to $137.9 million.
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