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Arthur J. Gallagher sees 4.8% organic growth in Q1

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Arthur J. Gallagher sees 4.8% organic growth in Q1

Arthur J. Gallagher& Co. reported net earnings attributable to controlling interestsof $46.5 million, or 26 cents per share, for the first quarter of 2016, up from$21.9 million, or 13 cents per share, in the year-ago period.

Adjusted net EPS for the quarter was 34 cents, versus 27 centsin the year-ago period, according to an April 28 earnings release.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 30 cents.

Revenues for the quarter totaled $1.30 billion, compared with$1.23 billion in the first quarter of 2015. The combined brokerage and risk managementsegments saw 11% growth in adjusted revenue, 4.8% of which was organic growth.

Arthur J. Gallagher closed eight acquisitions during the quarterwith $30 million in annualized revenues.