Canadian Underwriter

Hub plans for increased earnings for 2002, 2003

December 12, 2002   by Canadian Underwriter

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Broker consolidator Hub International Ltd. (TSX, NYSE: HBG) has issued earnings guidance suggesting it will increase earnings for the 2002 yearend and into 2003.
Hub expects Canadian GAAP earnings of US$0.22-$0.24 pre diluted share in the fourth quarter of this year, bringing yearend earnings to US$1.01-$1.02 per share, which the company had targeted.
The company also expects for 2003 earnings will increase to US$1.08-$1.07 per share.
The announcement follows budget meeting at the company’s headquarters in Chicago, IL. Hub says further guidance may be issued after January budget meetings.

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