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.

President and CEO J. Patrick Gallagher Jr. attributed the company's strong earnings to strong organic growth in its brokerage and risk management business segments.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.