ROLLING MEADOWS, Ill. (AP) _ Arthur J. Gallagher & Co. (AJG) on Thursday reported fourth-quarter profit of $98.5 million.

The Rolling Meadows, Illinois-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring costs, were 58 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The insurance and risk-management company posted revenue of $1.72 billion in the period. Its adjusted revenue was $1.68 billion.

For the year, the company reported profit of $668.8 million, or $3.52 per share. Revenue was reported as $7.06 billion.

Arthur J. Gallagher shares have climbed 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $100.21, an increase of 37% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AJG at https://www.zacks.com/ap/AJG

Automated Insights, source Associated Press News