Arthur J. Gallagher & amp; reported revenue of $ 1.66 billion in the fourth quarter of 2018, up 8.4% from the same quarter of 2017, the broker said in the income statement Thursday.
For the year, revenues increased 10.9% to $ 6.93 billion.
Net income for the fourth quarter increased by 62.8% to $ 127.8 million, while net profit increased by 30.7% to $ 675.9 million.
In the brokerage segment, revenue for the fourth quarter increased 11.7% to $ 1.00 billion, with annual revenue increasing by 10.1% to $ 4.25 billion.
The organic growth segment segment organic growth for the fourth quarter was 5.6%, according to J. Patrick Gallagher Jr., Chairman, President and CEO, who speaks about the company's income after the markets were closed on Thursday.
In the broker's domestic real estate / accident, "basic organic [growth] was over 6%," Gallagher says while "UK Operations showed 8% organic and Canada increased by 6% and Australia and New Zealand increased by about 9%."
Price and exposure adults contributed to the bottom, Gallagher says.
"Property / accident frequency and exposure combine trends higher across all major geographic areas and continue to be a modest turnaround for organic growth," he says.
Commenting on prices "In the real estate and accident markets, commercial auto and real estate lines are up About 5% and work compensation is down to a point, says Mr Gallagher. "The UK. Retail is flat to modestly positive on most lines except professional skills, which is about 5%. In Canada, the property is about 4% and in Australia and New Zealand the property has increased by 9%."
The market seemed to be higher than a year ago, Gallagher says.
"Overall, the property / accident market is still stable, similar to previous quarters, but we see that trend slightly higher than autumn 201