Hilb, Rogal & Hobbs Company reported second-quarter net income for the insurance brokerage increased 31 percent over the same period last year, helped by production from new acquisitions.
For the second quarter, the Richmond, Va.-based firm reported net income increased $4.8 million, from $15.8 million or 11.5 cents a share, to $20.6 million or 12 cents a share. Revenues were up 10 percent or $16.4 million, from $162 million to $178 million.
For the six months, revenues increased 7 percent or $3 million compared to last year, from $44 million or 22 cents a share, to $47 million or 23.5 cents a share. Revenues increased 5 percent or $17 million, from $345 million to $362 million.
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