{"id":49944,"date":"2017-01-28T11:49:35","date_gmt":"2017-01-28T17:49:35","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=49944"},"modified":"2017-01-28T16:38:09","modified_gmt":"2017-01-28T22:38:09","slug":"arthur-j-gallagher-reports-gains-sees-acquisitions-ahead","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/","title":{"rendered":"Arthur J. Gallagher reports gains, sees acquisitions ahead"},"content":{"rendered":"

By Jingnan Huo <\/strong><\/p>\n

Arthur J. Gallagher & Co. reported late Thursday fourth-quarter net earnings attributable to controlling interests of $95.1 million, a 52.6 percent jump from the year-earlier $62.3 million. Diluted net earnings per share were 53 cents compared with 35 cents.<\/p>\n

Revenues grew 3.8 percent to $1.39 billion, 0.5 percent less than the estimate, from $1.33 billion.<\/p>\n

The company’s principal segment, insurance brokerage, reported growth in organic revenue, which excludes acquisitions and currency exchange, of 3.6 percent. That was above estimates, said Paul Newsome, equity analyst at Sandler O\u2019Neill and Partners, in an interview. The growth was boosted by international markets, notably in Australia, New Zealand, United Kingdom and Bermuda, said President and CEO J. Patrick Gallagher in a conference call.<\/p>\n

<\/p>\n

Merger and acquisition activity in the second half of 2016 was slower than normal as sellers chose to close early in 2017 in hope of tax reform, Gallagher said. More such consolidations are expected, he added, as the \u201cmerger and acquisition pipeline remains robust with about $200 million of revenues associated with about 40 term sheets either agreed-upon, issued or being prepared.”<\/p>\n

\u201cThey are very well positioned for 2017 in terms of numbers of acquisitions that they\u2019ve already completed. Very strong pipeline of acquisitions that they are ready to complete this year,\u201d said Mark Dwelle, equity analyst at RBC Capital Markets, in an interview.<\/p>\n

Dwelle also remarked that \u201cGallagher would figure to benefit from reduced corporate tax rates, certainly, particularly to the extent any of the new policies is to drive any of the new GDP, new employment, this is sure to drive more demand for insurance products. GDP growth is always good for insurers; there\u2019s always more activity to be insured.\u201d<\/p>\n

The company declared a dividend of 38 cents per share.<\/p>\n

The stock rose 1.5 percent to close at $54.62 Friday.<\/p>\n

Photo at top: Arthur J. Gallagher & Co.’s Chicago Office (Jingnan Huo\/MEDILL)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Jingnan Huo Arthur J. Gallagher & Co. reported late Thursday fourth-quarter net earnings attributable to controlling interests of $95.1 million, a 52.6 percent jump from the year-earlier $62.3 million. Diluted net earnings per share were 53 cents compared with 35 cents. Revenues grew 3.8 percent to $1.39 billion, 0.5 percent less than the estimate, […]<\/p>\n","protected":false},"author":388,"featured_media":49949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3516],"tags":[],"class_list":["post-49944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-winter-2017"],"yoast_head":"\nArthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Jingnan Huo Arthur J. Gallagher & Co. reported late Thursday fourth-quarter net earnings attributable to controlling interests of $95.1 million, a 52.6 percent jump from the year-earlier $62.3 million. Diluted net earnings per share were 53 cents compared with 35 cents. Revenues grew 3.8 percent to $1.39 billion, 0.5 percent less than the estimate, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"Medill Reports Chicago\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-28T17:49:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-28T22:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"jingnanhuo2017\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jingnanhuo2017\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/\"},\"author\":{\"name\":\"jingnanhuo2017\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/f905f0942cf98bb44c530927fb564696\"},\"headline\":\"Arthur J. Gallagher reports gains, sees acquisitions ahead\",\"datePublished\":\"2017-01-28T17:49:35+00:00\",\"dateModified\":\"2017-01-28T22:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/\"},\"wordCount\":312,\"image\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2017\\\/01\\\/DSC05332-1.jpg\",\"articleSection\":[\"Winter 2017\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/\",\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/\",\"name\":\"Arthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2017\\\/01\\\/DSC05332-1.jpg\",\"datePublished\":\"2017-01-28T17:49:35+00:00\",\"dateModified\":\"2017-01-28T22:38:09+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/f905f0942cf98bb44c530927fb564696\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#primaryimage\",\"url\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2017\\\/01\\\/DSC05332-1.jpg\",\"contentUrl\":\"https:\\\/\\\/s3.amazonaws.com\\\/medill.wordpress.offload\\\/WP%20Media%20Folder%20-%20medill-reports-chicago\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2017\\\/01\\\/DSC05332-1.jpg\",\"width\":1100,\"height\":730,\"caption\":\"Arthur J. Gallagher & Co.'s Chicago office\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arthur J. Gallagher reports gains, sees acquisitions ahead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#website\",\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/\",\"name\":\"Medill Reports Chicago\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/#\\\/schema\\\/person\\\/f905f0942cf98bb44c530927fb564696\",\"name\":\"jingnanhuo2017\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g\",\"caption\":\"jingnanhuo2017\"},\"url\":\"https:\\\/\\\/news.medill.northwestern.edu\\\/chicago\\\/author\\\/jingnanhuo2017\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Arthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/","og_locale":"en_US","og_type":"article","og_title":"Arthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago","og_description":"By Jingnan Huo Arthur J. Gallagher & Co. reported late Thursday fourth-quarter net earnings attributable to controlling interests of $95.1 million, a 52.6 percent jump from the year-earlier $62.3 million. Diluted net earnings per share were 53 cents compared with 35 cents. Revenues grew 3.8 percent to $1.39 billion, 0.5 percent less than the estimate, […]","og_url":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/","og_site_name":"Medill Reports Chicago","article_published_time":"2017-01-28T17:49:35+00:00","article_modified_time":"2017-01-28T22:38:09+00:00","og_image":[{"width":1100,"height":730,"url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg","type":"image\/jpeg"}],"author":"jingnanhuo2017","twitter_card":"summary_large_image","twitter_misc":{"Written by":"jingnanhuo2017","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#article","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/"},"author":{"name":"jingnanhuo2017","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/f905f0942cf98bb44c530927fb564696"},"headline":"Arthur J. Gallagher reports gains, sees acquisitions ahead","datePublished":"2017-01-28T17:49:35+00:00","dateModified":"2017-01-28T22:38:09+00:00","mainEntityOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/"},"wordCount":312,"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg","articleSection":["Winter 2017"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/","url":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/","name":"Arthur J. Gallagher reports gains, sees acquisitions ahead - Medill Reports Chicago","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#primaryimage"},"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg","datePublished":"2017-01-28T17:49:35+00:00","dateModified":"2017-01-28T22:38:09+00:00","author":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/f905f0942cf98bb44c530927fb564696"},"breadcrumb":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#primaryimage","url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg","contentUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2017\/01\/DSC05332-1.jpg","width":1100,"height":730,"caption":"Arthur J. Gallagher & Co.'s Chicago office"},{"@type":"BreadcrumbList","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/arthur-j-gallagher-reports-gains-sees-acquisitions-ahead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news.medill.northwestern.edu\/chicago\/"},{"@type":"ListItem","position":2,"name":"Arthur J. Gallagher reports gains, sees acquisitions ahead"}]},{"@type":"WebSite","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website","url":"https:\/\/news.medill.northwestern.edu\/chicago\/","name":"Medill Reports Chicago","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/f905f0942cf98bb44c530927fb564696","name":"jingnanhuo2017","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4221460c640eddf0b33fc4c63a1afa3b7cd92a76cf87eda3b849367a9a69e306?s=96&d=mm&r=g","caption":"jingnanhuo2017"},"url":"https:\/\/news.medill.northwestern.edu\/chicago\/author\/jingnanhuo2017\/"}]}},"_links":{"self":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/49944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/users\/388"}],"replies":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/comments?post=49944"}],"version-history":[{"count":0,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/49944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media\/49949"}],"wp:attachment":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media?parent=49944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/categories?post=49944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/tags?post=49944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}