DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported second-quarter net income of $257 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, were 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The insurance company posted revenue of $1.18 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.

Brown & Brown shares have increased 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $93.16, an increase of 31% in the last 12 months.

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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