Financial Results For The Three Months Ended June 30, 2001

 

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 Add Title:  Financial Results For The Three Months Ended June 30, 2001
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 Location:  Chicago and Toronto
 Date:    2001-08-21  
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Financial Results
For The Three Months Ended June 30, 2001
($000)

                                                                          Second Quarter
                                                                      --------------------------
                                                                     Latest          Year Ago
                                                                      --------          --------

Total revenue                                            46,299            36,418
Earnings before interest, taxes,
 depreciation and amortization              9,727             9,302
Net earnings                                             4,037             3,302
Net earnings per share - Basic             $0.22             $0.18
                       - Diluted                              $0.22             $0.18


Net earnings for the quarter increased 22% to $4 million from $3.3 million last year. Net earnings per share for the quarter increased 22% to $0.22 per share this year from $0.18 per share last year.

The higher revenue in the quarter was due mainly to the positive impact of acquisitions completed during the last twelve months.

There were 18.6 million basic weighted average shares outstanding (18.7 million - diluted) in the second quarter of 2001 compared to 18.3 million in 2000.

Hub International Limited is an international insurance brokerage that provides a broad range of property, casualty, life and health, employee benefits, investment and risk management products through offices located in Canada and the United States.

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CONTACT:
Hub International Limited
W. Kirk James 312/279-4881
kjames@hubinternational.com
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 SOURCE :   Hub International Limited