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ROLLING MEADOWS, Ill. (AP) _ Arthur J. Gallagher & Co. (AJG) on Thursday reported fourth-quarter net income of $142.2 million.
On a per-share basis, the Rolling Meadows, Illinois-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring costs, came to 88 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The insurance and risk-management company posted revenue of $1.7 billion in the period. Its adjusted revenue was $1.66 billion.
For the year, the company reported profit of $818.8 million, or $4.20 per share. Revenue was reported as $6.85 billion.
Arthur J. Gallagher shares have fallen nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $115.51, an increase of 17% in the last 12 months.