Arthur J. Gallagher & Co. saw 3.6% growth in organic commissions, fees, supplemental commissions and contingent commissions in the fourth quarter of 2016.
The company reported fourth-quarter 2016 net earnings attributable to controlling interests of $95.1 million, or 53 cents per share, up from $62.3 million, or 35 cents per share, in the year-ago period.
Adjusted non-GAAP net EPS for the quarter was 66 cents, up from 59 cents in the fourth quarter of 2015.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 66 cents.
Fourth-quarter 2016 revenues totaled $1.39 billion, compared with $1.33 billion in the year-ago quarter.
The company closed nine deals during the fourth quarter with an estimated $40.1 million in annualized revenues. Through Jan. 26, the company closed an additional five acquisitions with estimated annualized revenues of about $32.2 million.
For the full year 2016, Arthur J. Gallagher saw net earnings attributable to controlling interests of $414.4 million, or $2.32 per share, up from $356.8 million, or $2.06 per share, in 2015.
Adjusted non-GAAP net EPS for the year was $2.74.
The S&P Capital IQ consensus normalized EPS estimate for the year was $2.74.