Insurance brokerage Brown & Brown has reported $619.7 million in revenues for the third quarter, up 16.5% against the prior year quarter.
The firm also revealed an increase of commissions and fees by 16.5%, while organic revenue was up by 3.4%.
Meanwhile net income for the quarter stands at $115.6 million, a 7.9% increase against the prior year period.
“We are pleased with the continued solid performance we delivered for the quarter driven by good organic and inorganic growth,” explained J. Powell Brown, President and Chief Executive Officer of the Company.
“We appreciate the contributions from all of our teammates and would like to welcome all of our new teammates that have joined the team this quarter.”
For the first nine months of the year, revenues increased 20.4% to $1,813.2 million against the same period in 2018. Commissions and fees increased 20.3% and organic revenue was up 3.1%.
