Financial Results For The Year Ended December 31, 2000

 

Press releases

Please, inside of the following boxes, enter a title for the press release, location and date.

 

 Add Title:  Financial Results For The Year Ended December 31, 2000
Subtitle:
 Location:  Chicago
 Date:    2001-03-23  
 Please, in the following box below, enter the text for the press release. There is not limit of words. You can always go back and re-edit it.

Net earnings for the year increased 64% to $9.7 million from $5.9 million last year. Net earnings per share for the year increased 51% to $0.53 per share from $0.35 per share last year.

Net earnings for the quarter were $0.9 million compared to $1.0 million last year. Net earnings per share for the quarter were $0.05 per share compared to $0.05 per share last year.

The higher revenue in the fourth quarter and for the year was due mainly to the positive impact of acquisitions completed during the last twelve months. Net earnings for the fourth quarter were lower than last year, as a result of expensing $2.1 million more in brokerage performance bonuses.

There were 18.3 million weighted average shares outstanding during 2000 compared to 16.9 million in 1999.

Hub International Limited is an international insurance brokerage which provides a broad range of commercial, personal, life, investment and risk management products.

 In the following box below, please add a contact information.
CONTACT:
W. Kirk James
Vice President, Secretary and General Counsel
Phone: 312.279.4881
kjames@hubinternational.com
Web-site: www.hubinternational.com
 Please, enter the source in the following box.   
 SOURCE :   Hub International Limited