Gallagher reports Q1 rise in broking revenue and profit
Acquisition integration costs were $20.8m.
Arthur J Gallagher has delivered a 35% rise in company revenues to $1.23bn [£813m] for the first quarter of 2015.
However profit fell by 56% to $21.9m from $49.3m in the same period of 2014.
The Ebitdac which the company defines as earnings before interest, income taxes, depreciation, amortization and the change in estimated acquisition earnout payables, was up at $143.3m (Q1 2014: $128.9m).
The breakdown of the figures showed that in the three months to 31 March the brokerage segment achieved a
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