NU Online News Service, Feb. 3, 3:03 p.m. EST
Arthur J. Gallagher & Co. reported fourth-quarter net income grew 72 percent on the strength of cost-cutting, integration of new business and stepped-up sales activity.
The Itasca, Ill.-based insurance broker reported fourth-quarter net income rose $12 million to less than $17 million, translating into earnings per share of 16 cents, an increase of 11 cents over the same period in 2008. Revenues rose 6 percent, or $23 million, to $435 million.
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