* Q1 EPS $0.28 vs est $0.24
* Revenue up 20 pct
* Shares up 1 pct after the bell
April 22 U.S. insurance broker Arthur J.
Gallagher & Co (AJG.N) reported a quarterly profit above
analysts' expectations, helped by strength in its corporate
The company expects increased M&A deal flow to contribute
positively to its results later in 2010 and into 2011.
Net income for the first quarter was $29.2 million, or 28
cents a share, compared with $26.4 million, or 27 cents a
share, in the year-ago quarter.
Total revenue for the quarter rose 20 percent to $482.4
million, including corporate segment revenue of $67.5 million.
The corporate segment mainly manages the company's
interests in alternative energy investments.
Analysts on average expected the company to earn 24 cents a
share, on revenue of $403.3 million, according to Thomson
The insurance brokerage industry helps commercial clients
find insurance coverage for a wide range of risks.
Shares of the Itasca, Illinois-based company were up 28
cents at $26.59 in post-market trade. They closed at $26.31
Thursday on the New York Stock Exchange.
(Reporting by Abhinav Sharma in Bangalore; Editing by Anne