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Arthur J. Gallagher reports 5.9% of YOY organic growth for Q2

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Arthur J. Gallagher reports 5.9% of YOY organic growth for Q2

Arthur J. Gallagher & Co. reported 5.9% year-over-year growth in total organic commissions, fees, supplemental revenues and contingent revenues in the second quarter.

The company posted second-quarter net earnings attributable to controlling interests of $114.9 million, or 62 cents per share, versus $70 million or 39 cents per share, in the 2017 second quarter.

Adjusted non-GAAP net EPS for the period came in at 62 cents, an increase from 48 cents in the year-ago quarter.

The S&P Global Capital IQ consensus normalized EPS estimate for the period was 63 cents.

Second-quarter total revenues were $1.66 billion, up from $1.49 billion, the previous year.

The company closed 12 deals with $145.2 million in estimated annualized revenues.