Arthur J. Gallagher & Co. reported that its second-quarter profit jumped 30 percent on the combination of new business and strong retention.
The Itasca, Ill.-based insurance broker this week said its revenue grew 20 percent to $779.5 million. Revenues for the quarter increased 20 percent. For the first six months of this year, net income is up 34 percent to $134 million. Revenues during the period increased 21 percent to $257 million.