Insurance provider Brown & Brown has reported net income during the fourth quarter of $97.3 million, a 27 percent increase over the same quarter the previous year.
The company’s revenue during the recent quarter was $642 million, an increase of nearly 11 percent.
For the year, Brown & Brown’s net income was $480.5 million, an increase of nearly 21 percent.
“We are very proud of our results in a year that challenged everyone globally,” said J. Powell Brown, president and CEO. “We delivered good organic growth and margin expansion for the quarter and the full year. Our results are driven by nearly 11,000 dedicated teammates delivering solutions to our customers worldwide. I would like to thank all of our teammates for everything they did during the year.”