Brown & Brown Inc. reported a profit for the second quarter that decreased from last year but surpassed Street estimates. The company’s bottom line was $231 million, or $0.78 per share, compared to $257 million, or $0.90 per share, last year. Adjusted earnings were $1.03 per share, exceeding analysts’ expectations of $0.99 per share. Revenue for the period increased by 9.1% to $1.285 billion from $1.178 billion last year. Brown & Brown Inc. GAAP earnings included earnings of $231 million, EPS of $0.78, and revenue of $1.285 billion.

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