Arthur J. Gallagher reports 15% rise in second-quarter revenues
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Arthur J. Gallagher & Co. reported that second-quarter revenues rose 15% over the same period a year ago to $704 million.
Net income for the second quarter of 2013 rose 19.4% to $174.6 million, the Itasca, Ill.-based insurance broker said Tuesday.
For the first six months of 2013, revenues rose 15.6% to $1.31 billion while net income rose 21.1% to $282.7 million.
In a statement accompanying the release, Arthur J. Gallagher & Co. Chairman, President and CEO J. Patrick Gallagher Jr. said the company has seen strong organic growth in its brokerage and risk management business segments.
“We had another strong quarter of organic growth and margin expansion across our global operations,” he said in the statement. “In the second quarter, our combined brokerage and risk management segments posted 15% growth in adjusted total revenues (and) 7.0% organic growth in commission and fee revenues.”
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