Arthur J. Gallagher & Co. (AJG) reported net income for the first quarter of $40.5 million or $0.32 per share, compared to $28.1 million or $0.24 per share for the year-ago quarter.
Earnings per share, as adjusted, for the Brokerage and Risk Management segments were $0.32 for the first quarter, compared to $0.27 in the prior year quarter.
Revenues for the first quarter rose to $674.1 million from $546.8 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.24 per share on revenue of $610.67 million for the first quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com