Insurance broker Arthur J. Gallagher says its second-quarter net income jumped 30 percent on the combination of new business and strong retention.
“We are firing on all cylinders,” said Chairman, President and CEO J. Patrick Gallagher, referring to the firm's organic growth, mergers and acquisitions, productivity, margin improvement and culture.
AJG Q2 net income was up $22 million to $94 million on revenues of $780 million. Revenues for the quarter increased 20 percent. For the first six months of this year, net income is up 34 percent to $134 million. Revenues during the period increased 21 percent to $257 million.
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