Alexander & Alexander Services Inc.This New York-based...

BY THE NUMBERS

February 12, 1991

Alexander & Alexander Services Inc.

This New York-based insurance brokerage, risk management and human resource management consulting company reported yesterday that net income in the fourth quarter of 1990 was $20 million, a 46 percent increase over a year earlier.

The company, which has Baltimore and Owings Mills operations, said quarterly revenues rose 7.9 percent from a year ago to $354.9 million.

Alexander & Alexander's operating income improved "despite continuing soft market conditions," T. H. Irvin, the chairman and chief executive officer, said in the statement. Revenues increased in the company's reinsurance brokering operations in Great Britain and in its consulting group, he said.

For the year that ended in December, net income was $54.9 million, compared with $60.1 million for 1989, the company said.

Three months ended 12/31/90

.. .. Revenue.. .. Net.. .. .. Share

'90 354,900,000 20,000,000 0.49

'89 328,800,000 13,700,000 0.33

% change +7.9.. .. .. +46.0 +48.5

Twelve months ended 12/31/90

.. .. Revenue.. .. Net.. .. .. Share

'90 1,338,400,000 54,900,000 1.35

'89 1,248,900,000 60,100,000 1.48

% change +7.2.. .. .. -8.7.. .. -8.8

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