NEW YORK (AP) — Business insurance broker Brown & Brown Inc. said Monday its net income climbed 22 percent in the second quarter on stronger results from all of its businesses.

Brown & Brown said revenue from its biggest business, retail, rose 7 percent to $168.6 million. Most of that growth came from acquisitions. It also reported an increase in revenue from its national program, wholesale brokerage, and service units.

The company said its net income grew to $52 million, or 36 cents per share, from $42.5 million, or 29 cents per share. Revenue rose 12 percent, to $325.8 million from $290.9 million

Analysts were expecting net income of 35 cents per share and $318.4 million in revenue, according to FactSet.

Shares of Brown & Brown rose 3 cents to $33.79 on Monday, and during the day they reached a seven-year high of $34.10. The stock added 21 cents to $34.20 in after-hours trading.


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.