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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace