captive insurance company manager, and insurance broker Rollins Hudig Hall reported third quarter net income of $86.7 million.

The results are up 11.4 percent from a net income of $77.8 million reported for last year's third quarter ended September 30.

Earned revenue increased eight percent over the same period for $942.2 million to $1.03 billion while benefits and expenses rose 8.5 percent, from $830.1 million to $901.0 million.

The corporation's third quarter revenue from insurance broking and consulting fees rose 19.6 percent from $291.4 million to $348.5 million.

Net income for the nine months ended September 30, 1994 increased 11.4 percent from $245.9 million a year ago to $274.0 million.

"Third quarter performance continued strong with double digit earnings growth. Our commercial brokerage and consulting operations demonstrated strong growth. Additionally, our consumer underwriting operations showed solid profit growth in all lines,'' said Mr. Patrick Ryan, chairman and CEO.

At third quarter end, stockholder's equity was $2.3 billion or $18.75 per share, down from $18.95 per share at year-end and due to higher interest rates on the market value of the available for sale securities, according to a release from Aon. Assets at September 30, 1994 were over $17 billion.