Gallagher reveals $200m broking profit worldwide

A J Gallagher chief executive Patrick Gallagher

Group integration costs for acquisitions comes in at $40.6m for year to date.

Arthur J Gallagher has reported an increase in profit for its brokerage division across the worldwide group to $200.4m [£124.3m] for the nine months ended 30 September 2014.

This represents a 30% uplift on the $154.3m achieved in the same period of last year.

For the third quarter alone Gallagher delivered $79.3m in net earnings (Q3 2013: $61.2m).

Revenue up
Revenues across the company for the quarter came in at $1.29bn, up on the $835.8m in the same three months of 2013.

The business also

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Polaris at 30 – Ray Vincent

As insurance industry owned Polaris celebrates its 30th birthday, Insurance Age asks experts for their recollections on the dawn of digital trading and what is coming next.

JMG in quadruple deal swoop

JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.

FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: