Gallagher profit climbs on AssuredPartners acquisition
The broker reported net earnings of 912 million dollars as commissions rose 38.9 percent. Growth was driven by the AssuredPartners deal and fee increases.
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Arthur J. Gallagher & Co. reported first-quarter net earnings rose 12.5% to $912 million, driven by its AssuredPartners acquisition and commission growth. Commissions surged 38.9% to $3.12 billion in the United States and global markets, while organic revenue growth reached 5%. Investors are weighing resilient insurance demand against slowing organic growth caused by a soft property and casualty pricing environment.
