Business Insurance magazine recently named Brooke Franchise Corporation, a subsidiary of Brooke Corporation (Nasdaq: BXXX), the 22nd largest broker of U.S. business, according to its July 17, 2006 issue.
Business Insurance ranked the top 100 brokers based on the amount of brokerage revenues generated in 2005 by U.S.-based clients. Brooke Franchise’s 2005 revenue totaled approximately $88.4 million, which represented a 34 percent increase over the prior year’s figures and positioned Brooke as the fifth fastest growing broker in the group.
“Brooke Franchise’s ascent to No. 22, after first being recognized as one of the country’s largest insurance brokers in 2002 at No. 82, further demonstrates how we are continuing to change the insurance landscape,� said Shawn Lowry, president of Brooke Franchise Corporation. “We would not be where we are today without the continued commitment, persistence and success of our franchisees and company employees.
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