Brown & Brown, Inc. showed a slight dip in net income but a rise in total revenue in its 2011 third quarter financial results.
Net income for the third quarter of 2011 was $44,173,000, or $0.30 per share, compared with $44,293,000, or $0.31 per share for the same quarter in 2010, a decrease of 0.3 percent. Total revenue for the third quarter ended Sept. 30, 2011, was $260,401,000, compared with 2010 third-quarter revenue of $247,616,000, an increase of 5.2 percent.
The company remains slightly ahead of 2010 for the year in total revenue. For the first nine months of 2011, total revenue was $769,445,000, compared with $743,554,000 for same period in 2010. Net income for the first nine months of 2011 was $127,501,000, or $0.88 per share, compared with $129,606,000, or $0.90 per share in 2010.
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