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Brown & Brown revenues, profits rise


DAYTONA BEACH, Fla.--Brown & Brown Inc. posted double-digit growth in revenues and profits for the first nine months of 2006, the Daytona Beach, Fla.-based broker said late Monday.

Total revenues increased 12.6% to an acquisition-fueled $663.4 million for the first three quarters, while net income was up 17.3% to $134.7 million.

In a statement, Brown & Brown executives attributed the growth in part to improved operating results from its national retail segment.

In addition, the brokerage so far in 2006 has completed 13 transactions representing $55.5 million in annualized revenue.