Gallagher posts 29% broking profit rise
Revenues and acquisition integration costs rise at global broker.
Arthur J Gallagher has reported profits for its broking division of $263.8m (£173.9m) for 2014, up 29% from the $204.8m achieved in 2013.
The results came as the group's brokerage segment achieved revenues of $2.91bn (2013: $2.14bn), an increase of 36%.
The firm stated that for the full year, it completed 60 acquisitions with annualised revenues of $761m.
Integration costs
Acquisition integration costs in the broking division totalled $67.1m, up significantly from the $24.1m spent the year before
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