Broking profits rise $59m at Gallagher as acquisition costs spiral upwards
US giant Arthur J Gallagher’s broking operation chalked up net earnings of $263.8m (£174.1m) for the year ended 31 December 2014, compared to $204.8m over the previous 12 months.
The firm's broking division also recorded earnings before interest, tax, depreciation, amortisation, and change in acquisition earn-out payables of $664.5m (FY 2013: $484m).
The $59m year-on-year
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