Hub International Limited Financial Results For The Nine Months Ended September 30, 2000

 

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 Add Title:  Hub International Limited Financial Results For The Nine Months Ended September 30, 2000
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 Location:  Toronto, Ontorio
 Date:    2000-11-14  
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                                                                      FINANCIAL RESULTS
                                        FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                                                                                 ($000)


                                                                   Third Quarter     Year to Date
                                                                  -----------------   ------------------
                                                             Latest  Year Ago     Latest  Year Ago
                                                                -------  --------       --------             --------

Total revenue                                    38,665    20,969    111,698    56,211
Earnings before interest, taxes,
depreciation and amortization       6,626     4,239       25,315    12,985
Net earnings                                     1,868     1,550        8,803       4,894
Net earnings per share                   $0.10     $0.09       $0.48       $0.30

Net earnings for the quarter increased 20% to $1.9 million from $1.6 million last year. Net earnings per share for the quarter increased 11% to $0.10 per share this year from $0.09 per share last year.

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

There were 18.7 million weighted average shares outstanding in the third quarter of 2000 compared to 17 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.

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CONTACT:
Hub International Limited
Kirk James
Vice President
(416) 979-5866
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 SOURCE :   Hub International Limited