Arthur J. Gallagher publicizes 2019 financials

It’s the turn of Arthur J. Gallagher & Co. (AJG) to report its financial results for the fourth quarter and full year 2019. The global insurance brokerage and risk management group posted net earnings of $105.6 million in last year’s final three-month period, which is lower than the $127.8 million recorded in the fourth quarter of 2018. The net earnings result for the whole year, however, improved to $715.8 million from $675.9 million previously. “We had an outstanding fourth quarter to cap-off an excellent full year 2019,” commented chairman, president, and chief executive J. Patrick Gallagher, Jr., who believes the company’s 2019 momentum should continue this year. He also noted: “Almost without exception, property & casualty rates around the world are firm and continue to trend higher in most lines and geographies. Our clients’ businesses are growing. Unemployment is at historically low levels nearly everywhere.