Brown & Brown Revenue Up 17.9% for Q2

July 17, 2012

Florida-based national insurance agency Brown & Brown Inc. reported total revenue for the second quarter was $290,916,000, an increase of 17.9 percent compared to 2011 second-quarter revenue of $246,816,000,

Net income for the second quarter of 2012 was up 11.5 percent to $42,471,000, or $0.29 per share, compared to $37,035,000, or $0.26 per share for the same quarter of 2011.

Total revenue for the six months ended June 30, 2012 was $593,402,000, compared to total revenue for the same period of 2011 of $509,044,000, an increase of 16.6 percent. Net income for the six-month period ended June 30, 2012 was $91,904,000, or $0.63 per share, compared to $83,328,000, or $0.57 per share for the same period of 2011, an increase of 10.5 percent.

J. Powell Brown, president and CEO, said each of our four business divisions reported positive organic growth in the second quarter of 2012.

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