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Member, Beacon International Group, Ltd.
ITASCA, Ill. Arthur J. Gallagher & Co. reported 7.2% revenue growth in its brokerage and risk management segments to $1.08 billion for the first nine months of 2006, the Itasca, Ill.-based brokerage said Tuesday.
A 63.5% dip in its financial services segment revenues, though, curtailed total revenue growth at the world's fourth-largest brokerage, which was up only 1% to $1.12 billion.
Net income more than quadrupled for the three quarters, increasing to $103.9 million from $23.3 million for the same period in 2005, when Gallagher incurred $166.0 million in litigation- and regulation-related costs.