Hub International Limited Financial Results For The Three Months Ended March 31, 2001

 

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 Add Title:  Hub International Limited Financial Results For The Three Months Ended March 31, 2001
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 Location:  Chicago and Toronto
 Date:    2001-05-09  
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 FINANCIAL RESULTS
 FOR THE THREE MONTHS ENDED MARCH 31, 2001
 ($000)


                                                                               First Quarter
                                                                              ------------------
                                                                          Latest     Year Ago
                                                                            ------         --------

Total revenue                                                  44,334      36,615
Earnings before interest, taxes,
depreciation and amortization                     9,445        9,251
Net earnings                                                   3,892        3,633
Net earnings per share                                $0.21        $0.20

Net earnings for the quarter increased 7% to $3.9 million from $3.6 million last year. Net earnings per share for the quarter increased 5% to $0.21 per share this year from $0.20 per share last year.

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

There were 18.6 million weighted average shares outstanding in the first 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