Brown & Brown Q2 Profit Rises - Quick Facts

(RTTNews) - Brown & Brown, Inc. (BRO) Monday said second-quarter profit improved to $52.01 million or $0.36 per share from $42.47 million or $0.29 per share in the comparable quarter last year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $325.79 million, up 12 percent from $290.92 million last year. Analysts expected revenues of $318.30 million.

"Our largest Division, retail, continues to show nice improvements with a quarterly internal growth rate in core commissions and fees of 2.3%, which reflects a gradual, but steady improvement in the middle-market economy, " said Powell Brown, President and CEO.