NU Online News Service, Feb. 2, 12:24 p.m. EST
Insurance broker Arthur J. Gallagher reported 2010 fourth-quarter net income more than doubled over 2009 despite the soft insurance market and lingering effects of the economic downturn.
The company reported fourth-quarter net income increased $38 million to $55 million as earnings per share rose from 16 cents a share to 51 cents. Revenues rose 5.5 percent, or $24 million, to $459 million.
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