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Gallaghers & Co sees steep rise in broking profits for Q4

Pat Gallagher

Arthur J Gallagher & Company's brokerage segment saw pre-tax profit rise to $123.9m (£98.82m) in Q4 2016, a 69% increase on the $73.3m earned over the same period last year.

Overall brokerage pre-tax profit for the year rose by 33% from $413.3m to $551.2m.

For the total group, including the UK, revenue from fees saw a sharp increase over 2016, from $705.8m in 2015 to $775

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