ROLLING MEADOWS, Ill. (AP) — ROLLING MEADOWS, Ill. (AP) — Arthur J. Gallagher & Co. (AJG) on Thursday reported second-quarter net income of $283.4 million.

On a per-share basis, the Rolling Meadows, Illinois-based company said it had net income of $1.27. Earnings, adjusted for non-recurring costs, were $2.26 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.

The insurance and risk-management company posted revenue of $2.78 billion in the period. Its adjusted revenue was $2.74 billion, falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.76 billion.

Arthur J. Gallagher shares have climbed 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $273.97, a climb of 24% in the last 12 months.

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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