Gallagher has recorded improved earnings for the first quarter, putting the broker in a strong position for the rest of the year.

Overall net income grew to $US351.7 million ($499 million) from $US286 million ($405.9 million) in the corresponding quarter of last year.

Adjusted brokerage revenue increased to $US1.32 billion ($1.87 billion) from $US1.17 billion ($1.66 billion), and adjusted risk management revenue grew to $US203.3 million ($288.5 million) from $US191.9 million ($272.3 million).

“We had a fantastic start to 2019 and the team delivered on all four of our operating priorities,” Chairman, President and CEO Patrick Gallagher said.

“During the first quarter, our core brokerage and risk management operations generated excellent total revenue growth, terrific organic revenue growth, outstanding margin expansion and strong growth from our tuck-in mergers and acquisitions strategy.

“I believe we are very well positioned for the remainder of 2019.”