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Mark A. Hofmann

Arthur J. Gallagher posts 32% quarterly revenue jump

January 28, 2014 - 4:52pm


Arthur J. Gallagher & Co. generated revenue of $890.2 million in the fourth quarter of 2013, up 32.2% from the same period in 2012, the Itasca, Ill.-based brokerage said Tuesday.

Gallagher’s net income rose to $60.0 million in the fourth quarter, a 79.1% increase from a year earlier.

Quarterly adjusted total revenue for the brokerage division rose 22% to $590.8 million. Base organic commissions and fees increased 5.8% to $484.2 million.

For all of 2013, Gallagher’s revenue rose 26.2% from the previous year to $3.18 billion. Net income increased 37.9% to $269 million.

During the fourth quarter, Gallagher’s brokerage division completed 13 acquisitions with annualized revenue of $193.5 million, bringing the buyout count for the year to 30 with annualized revenue of $369.9 million, Gallagher said in a statement.

“We had an excellent quarter to finish an outstanding year, and we are well positioned for 2014,” Chairman, President and CEO J. Patrick Gallagher Jr. said in a statement.

Gallagher’s net income rose to $60.0 million in the fourth quarter, a 79.1% increase from a year earlier.

Quarterly adjusted total revenue for the brokerage division rose 22% to $590.8 million. Base organic commissions and fees increased 5.8% to $484.2 million.

For all of 2013, Gallagher’s revenue rose 26.2% from the previous year to $3.18 billion. Net income increased 37.9% to $269 million.

During the fourth quarter, Gallagher’s brokerage division completed 13 acquisitions with annualized revenue of $193.5 million, bringing the buyout count for the year to 30 with annualized revenue of $369.9 million, Gallagher said in a statement.

“We had an excellent quarter to finish an outstanding year, and we are well positioned for 2014,” Chairman, President and CEO J. Patrick Gallagher Jr. said in a statement.

 



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