Gallagher profits surge again in 2018

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Arthur J. Gallagher’s brokerage segment achieved an 11.3% rise in revenue to $4.25bn [£3.25bn] in 2018.

The unit delivered a substantial rise in profit for the business, up 38.2% to $562.5m.

The broking giant noted that adding in the risk management segment it delivered revenue growth of 10.8%, of which 5.9% was organic.

For the company as a whole, which includes clean coal activities, revenue soared by 11% from 2017 to $6.93bn.

In the 12 months profit was 31.6% ahead at $633.5m.


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