Gallagher reports 75% jump in profit

A J Gallagher chief executive Patrick Gallagher

This is a 75% increase on the profit of $56.9m reported for the same half of 2011.

Revenue was also up, from $994m in the first half of 2011, to $1.2bn during the same half this year.

Commissions made up $617m of this, up from $522m last year, and fees contributed $458m (H1 2011: $404m).

The brokerage segment of the business reported a profit of $75m for the first six months of 2012, up 21% from the $62m profit recorded in the same period last year.

Revenues for that side of the business were

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