AJG Sees Net Income Up 40%
NU Online News Service, July 19, 3:57 p.m. EST?Itasca, Ill., based insurance broker Arthur J. Gallagher & Co. announced today second quarter net income rose 49 percent on revenue gains of 30 percent over the same period in 2001.
AJG reported that for the second quarter of 2002, net income increased $11.3 million for the second quarter ending June 30, going from $23 million for the second quarter of 2001 to $34.5 million this quarter. Net earnings per share rose 11 cents for the second quarter, or 42 percent, going from 26 cents per share in 2001 to 37 cents.
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