Brown & Brown Q4 net income rises 13.5%
US-based insurer Brown & Brown has reported a net income of $36.49m, or $0.25 diluted earnings per share, for the fourth quarter of 2011, compared to $32.15m, or $0.22 diluted earnings per share, for the same period in 2010.
The total revenue for the fourth quarter of 2011 rose 6.2% to $244.1m, compared to $229.94m for the same period a year ago.
Net income for the full year of 2011 was $164m, or $1.13 diluted earnings per share, compared to $161.75m, or $1.12 diluted earnings per share, for same period in 2010.
Brown & Brown chairman and acting president and CEO Hyatt Brown said they achieved $1bn goal shortly after the end of 2001 when they attained $365m in total revenues.
"To reach this goal and to nearly triple our revenues during this time period, given the overwhelming economic headwinds of the last four years, is I believe a testament to the strength, focus and dedication of each individual in our company," added Brown.
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Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
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