Arthur J. Gallagher said its fourth-quarter net income increased 200 percent--proving the firm has adapted to life without contingent commissions.
J. Patrick Gallagher Jr., the firm's chairman, president and chief executive officer, said the numbers mean the company is ahead of those who will eventually deal with a new compensation model in the future.
"We embraced transparency the past year, and our clients like it," said Mr. Gallagher during an analyst's conference call held today.
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