Arthur J. Gallagher (AJG) kicked off the fourth-quarter earnings report season for insurance brokers by saying that its net profit dropped 18 percent, primarily due to increased expenses. But the Itasca, Ill.-based insurance-brokerage firm says earnings are on the rise.
Chicago-based insurance broker Aon Corp. says 2011 fourth-quarter net income increased 20 percent as pricing in the insurance marketplace showed signs of stabilization.
The universe of publicly held brokerage firms could expand within the next two years, with two firms that are now in the hands of private-equity interests re-entering the public sphere in the United States.
Arthur J. Gallagher kicked-off the fourth-quarter earnings report season for insurance brokers saying that its net profit dropped 18 percent, primarily due to increased expenses.
Arthur J. Gallagher kicked-off the fourth-quarter earnings report season for insurance brokers saying that its net profit dropped 18 percent, primarily due to increased expenses.
The universe of publicly held brokerage firms could expand within the next two years, with two firms that are now in the hands of private-equity interests re-entering the public sphere in the United States.
Winston-Salem, N.C.-based bank BB&T Corp. says fourth-quarter net income in its insurance-brokerage business increased 4 percent over the previous year, primarily on the strength of the combination of acquisitions and P&C sales.
Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.