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Gallagher revenue climbs 8.4% in the fourth quarter



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

8," he says. "Looking forward, 2019 brokers organic growth feels like it will be about 5% "The broker was also active in mergers. In 2018, Gallagher concluded 44 mergers that corresponded to about $ 318 million in annual sales," Gallagher said.

                    


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