Arthur J. Gallagher reports $674M in first-quarter revenue
Reprints
Arthur J. Gallagher & Co.'s total revenues for the first quarter of 2013 rose 23.3% over those of the same period in 2012 to $674.1 million, Gallagher reported Tuesday.
Revenues for Itasca, Ill.-based Gallagher's brokerage sector increased 17.9% year-over-year to $454.4 million. Revenues for the risk management segment increased 8.7% year-over-year to $153.6 million.
Gallagher's net earnings for the first quarter increased 44.1% over those of the same period in 2012 to $40.5 million.
“In the first quarter, we saw carriers continuing to ask for rate increases and our clients being cautiously optimistic about their business prospects,” said Gallagher Chairman, President and CEO J. Patrick Gallagher Jr. in a statement. “We also saw returns from our efforts to raise quality and increase productivity in our own businesses. Across the board, our operating units showed solid organic growth and improved margins.”
Read Next
-
Broker Arthur J. Gallagher named among most ethical companies
Arthur J. Gallagher & Co. has been recognized as one of the 2013 World's Most Ethical Companies by the Ethisphere Institute.
Related Stories
-
Broker Arthur J. Gallagher named among most ethical companies
-
Arthur J. Gallagher buys N.J. broker Advanced Benefit Advisors
-
Brokers expected to benefit from higher rates, improving economy in 2013
