GALLAGHER’S EARNINGS JUMP 64% ON HIGHER REVENUES

US broking group Arthur J Gallagher & Co’s fourth-quarter net earnings jumped 64% to $117.3m on revenues of $1.66bn, up 9.1%. Adjusted earnings per share rose to 53¢ from 46¢ and beat analysts’ estimate of 51¢. The group’s broking segment saw total commissions, fees, and supplemental and contingent revenues rise 11.3% to $978.4m. Organic revenue growth was 5.6%. For the full year, the Illinois-based group’s net earnings rose 32% to $633.5m on total revenues of $6.93bn, up 11%.