Hub International Ltd., an international insurance brokerage that provides a broad range of property, casualty, life and health, employee benefits, investment and risk management products through offices in Canada and the U.S., released its quarterly earnings today.

Net earnings for the quarter increased 22% to $4 million. ThatÕs up from $3.3 million last year. Net earnings per share for the quarter increased 22% to $0.22 per share this year from $0.18 per share last year.

The company is attributing higher revenue in the first quarter to the positive impact of acquisitions completed during the last twelve months.

There were 18.6 million basic weighted average shares outstanding – 18.7 million diluted – in the second quarter of 2001 compared to 18.3 million in 2000.

The company’s board of directors declared a quarterly dividend of seven cents per share on the outstanding common shares of the Corporation, payable on September 30, 2001 to shareholders of record as at September 14, 2001.