DAYTONA BEACH, Fla. (AP) _ Brown & Brown Inc. (BRO) on Monday reported first-quarter earnings of $199.7 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had net income of 70 cents.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The insurance company posted revenue of $815.3 million in the period.

Brown & Brown shares have risen 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.80, an increase of 43% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRO at https://www.zacks.com/ap/BRO

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