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Arthur J. Gallagher sees Q4'16 organic growth of 3.6%

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.