July 22 (Reuters) - Insurance brokerage Brown & Brown's ( BRO )

second-quarter profit increased about 35% on Monday as

the company earned higher commissions and fees along with robust

returns on its investments.

Hopes of a soft landing for the economy coupled with rising

wages have prompted businesses to revive spending on insurance

policies, boosting business for brokerages that earn commissions

tied to premiums paid to insurers.

Commissions and fees for the brokerage rose to $1.15 billion

in the second quarter ended June 30, from $1.04 billion a year

earlier.

The Daytona Beach, Florida-based company markets and sells

insurance products and services primarily in the property,

casualty and employee benefits areas.

Brown & Brown ( BRO ), like its peers, also invests partly in

short-term money-market funds and fixed income investment

securities.

Higher interest rates have boosted the returns from such

investments.

The company's income from investments more than doubled to

$22 million in the quarter from $10 million a year earlier.

Its total revenue jumped 12.5% to $1.18 billion in the

quarter, compared with last year.

Net income rose to $257 million, or 90 cents per share, in

the quarter, compared with $190 million, or 67 cents per share,

a year ago.

Shares of the company have gained 31% so far this year,

compared with a 15.4% jump in the benchmark S&P 500

index.