Brown & Brown just beats as organic growth slows

US broker and early reporter Brown & Brown kicked off the
second quarter results reporting season by narrowly beating analyst
estimates despite a slowdown in organic growth.
The intermediary reported Q2 organic revenues of $441.9mn, up
1.6 percent on the same period last year.
But the $435.1mn figure reported for the second quarter of 2016
represented growth of 2.6 percent compared to a year earlier for
the Daytona Beach, Florida-based broker.
Net income for the most recent period was almost