Brown & Brown Inc. (BRO) reported that its fourth-quarter net income rose to $36.49 million or $0.25 per share, from $32.15 million or $0.22 per share for the same quarter last year.
Total revenue for the fourth quarter was $244.10 million, up from $229.94 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share on revenues of $239.63 million for the quarter. Analysts' estimates typically exclude special items.
Net income for fiscal 2011 was $163.99 million or $1.13 per share, compared with $161.75 million or $1.12 per share last year. Total revenue for the year was $1.01 billion, compared with total revenue for the same period of 2010 of $973.49 million, an increase of 4.2%.
Analysts expected the company to report earnings of $1.10 per share on revenues of $1.01 billion for fiscal 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.