BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
ITASCA, Ill.—Arthur J. Gallagher & Co.'s first-quarter 2012 revenues rose to $546.8 million, an increase of 22.2% over those of the same quarter in 2011, the Itasca, Ill.-based broker reported Tuesday.
Revenues for the brokerage segment rose 21.3% over the prior-year period to $385.3 million. Within that segment, supplemental commissions grew 26.7% to $17.1 million while contingent commissions grew 13.1% to $19.0 million, Gallagher said in its earnings release.
Revenues for the company's risk management segment grew 8.2% to $141.3 million.
Gallagher's net earnings for the first quarter of 2012 jumped to $28.1 million, an 84.9% increase from those of the same period a year earlier.
“Our positive operating momentum continued in the first quarter of 2012 despite it being seasonally our smallest quarter,” said Gallagher Chairman, President and CEO J. Patrick Gallagher Jr. in the statement. He added that “we are seeing further evidence of market firming, and our customers' businesses are showing growth.”
Itasca, Ill.-based Arthur J. Gallagher & Co. has been recognized by the Ethisphere Institute, a business ethics think tank, as one of the World's Most Ethical Companies for 2012.