Hilb, Rogal and Hamilton Co.’s (HRH) total revenues for the first quarter rose 33.3 percent to $67 million, up from $50.3 million a year ago. The comparison reflects American Phoenix Corp. revenue additions as well as lower net gains from divestitures, as shown in other revenues.
Commissions and fees rose 3.4 percent. Excluding non-recurring gains, net income was $6.4 million, up 21.5 percent from $5.3 million one year ago.
More efficient operations and the acquisition of American Phoenix benefited the company to this end. HRH provides insurance and risk management services to a wide spectrum of clients through a network of approximately 70 offices in the United States. The company is ranked as the nation’s 7th largest insurance intermediary.
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