Arthur J. Gallagher & Co

AJG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$936.00	Dsjcg	Zssvjwwg

Cost Control, Supplementals Boost Gallagher 1Q

Apr 29, 2009

When the going gets tough, the tough get going, and that's the bottom line for the first quarter at Arthur J. Gallagher AJG. Management runs a tight ship, and it shows. Cost-savings initiatives and higher productivity around the company led to significant margin improvement despite the impact of the weak economy on Gallagher's insurance production as well as risk management segments. In continuing operations, earnings per share were up 60% over the first quarter of 2008 on a 7% revenue increase.

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