Acquisitions drive top-line growth at Brown & Brown
Brown & Brown reported top-line growth of 17.9 percent and an 11.5 percent increase in net profits as it opened the publicly quoted US broker reporting season today.
The Florida-headquartered firm reported net income of the second quarter of $42.5mn, up from $37.0mn in the prior-year period, generated on total revenues that rose from $246.8mn to $290.9mn.
For the half year, total revenues were up 16.6 percent from $509.0mn to $593.4mn, while net profits were up 10.5 percent from $83.3mn...
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