NU Online News Service, April 23, 2:33 p.m. EDT
A combination of new business and high retentions contributed to an 11 percent increase in net income for Itasca, Ill.-based insurance broker Arthur J. Gallagher.
AJG reported net income rose close to $3 million to $29 million versus the same period last year. Earnings per share rose 1 cent to 28 cents a share. Revenues rose 20 percent, or $81 million, to $482 million.
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