Arthur J. Gallagher & Co. reported a 17 percent rise in net income for the first quarter, but the increase was not enough to meet analysts' estimates.
The Itasca, Ill.-based brokerage reported first-quarter net income of $19.8 million, or 20 cents per share, compared with $17.1 million, or 17 cents per share in the first quarter last year.
Bear Stearns analyst David Small said the earnings figure missed his estimate by 11 cents and consensus by 6 cents.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
