Gallagher's broking profit jumps 48% for final quarter of 2016
Company confident it is positioned well for 2017.
Arthur J Gallagher saw "strong growth" in its broking profit, up 48% to $79.1m [£63.9m] for the final quarter of 2016, compared to the same period last year. Profit in Q4 2015 was $53.3m.
This boosted its profit for the full year to 31 December which stood at $353.5m, an increase of 33% on the $266.4m in 2015.
Chairman, president and CEO of the company, J. Patrick Gallagher, Jr., said: "We had a terrific quarter to finish an excellent 2016.
"For both the quarter and the full year, we delivered
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