NU Online News Service, Feb. 8, 1:45 p.m. EST
Brown & Brown, Inc. said its fourth quarter net income increased 36 percent over the prior year despite organic growth in commission and fees dropping 3 percent during the same period.
The Daytona Beach, Fla.-based company reported fourth quarter net income rose $8.5 million to more than $32 million. Net income per share increased 5 cents to 22 cents a share. Revenues grew 7 percent, or $16 million to $230 million.
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