Arthur J Gallagher CEO Patrick Gallagher has welcomed “another excellent quarter”, with combined revenue in the brokerage and risk management segments up almost 5% to $US1.02 billion ($1.44 billion) in the three months to September 30.

Third-quarter brokerage revenue increased 5.1% to $US835.5 million ($1.18 billion) and risk management revenue grew 4% to $US179.2 million ($252.59 million).

Net earnings before interest, income taxes, depreciation, amortisation and the change in estimated acquisition earnout payables grew 11% to $US259.3 million ($365.5 million).

Arthur J Gallagher completed five acquisitions in the quarter with a combined annual revenue of $US61 million ($85.98 million).

In the year to date the global broker has made 27 acquisitions with a combined annual revenue of $US177 million ($249.49 million).

“Domestically, we see the rate environment flat within professional lines, casualty and auto, and we see modest weakening within property, workers’ comp and certain specialty lines such as marine and aviation,” Mr Gallagher said.

“We are seeing similar conditions as we start the January 1 renewal season.”