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Arthur J. Gallagher's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Arthur J. Gallagher & Company ( AJG)

Q4 2011 Earnings Conference Call

February 01, 2012, 09:15 a.m. ET

Executi ve s

J. Patrick Gallagher, Jr. - Chairman, President and CEO

Doug Howell - Corporate VP and CFO

Scott Hudson - Corporate VP, President, and CEO, Gallagher Bassett Services, Inc.

Analyst s

Yaron Kinar - Deutsche Bank

Adam Klauber - William Blair

Arash Soleimani - Stifel Nicolaus

Bob Glasspiegel - Langen McAlenney

Brian DiRubbio - Y/CAP Management

Dan Farrell - Sterne Agee

Ray Iardella - Macquarie

Mark Hughes - SunTrust Robinson Humphrey

Scott Heleniak - RBC Capital Markets



Good morning and welcome to Arthur J. Gallagher and Company Fourth Quarter 2011 Earnings Conference Call. Participants have been placed on a listen-only mode. (Operator Instructions) As a reminder today’s call is being recorded. If you have any objection you may disconnect at this time.

Some of the comments made during this conference call, including answers given in response to questions, may constitute forward-looking statements within the meaning of the securities laws. These forward-looking statements are subject to certain risks and uncertainties described in the company’s reports filed with the Securities and Exchange Commission. Actual results may differ materially from those discussed today.

It is now my pleasure to introduce J. Patrick Gallagher, Jr., Chairman, President, and CEO of Arthur J. Gallagher & Company. Mr. Gallagher, you may begin.

J. Patrick Gallagher, Jr.

Thank you, Rob, and thank you everyone for joining us this morning in our fourth quarter conference call. I appreciate you been here. We are sitting here in beautiful 45 degree weather in Chicago, a year ago we were settled under 22 inches of snow.

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