Arthur J. Gallagher (AJG) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.09%. A quarter ago, it was expected that this insurance and risk-management company would post earnings of $1.94 per share when it actually produced earnings of $2, delivering a surprise of 3.09%.Over the last ...

ROLLING MEADOWS, Ill., Jan. 24, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a sixty cents ($0.60) per share quarterly cash dividend on the company's common stock, a $0.05 increase over the prior quarter's dividend.  The dividend will be payable on March 15, 2024 to Stockholders of Record as of March 1, 2024. Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rollin ...

Analysts on Wall Street project that Arthur J. Gallagher (AJG) will announce quarterly earnings of $1.83 per share in its forthcoming report, representing an increase of 18.8% year over year. Revenues are projected to reach $2.37 billion, increasing 18.6% from the same quarter last year.Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial ...

Arthur J. Gallagher & Co. (AJG) is slated to report fourth-quarter 2023 earnings on Jan 25, after market close. The insurer delivered an earnings surprise in each of the last four reported quarters, the average beat being 2.20%.Factors to ConsiderSolid results in both segments, aided by new business, strong retention and increasing renewal premiums across its business lines, are likely to benefit Arthur J. Gallagher’s fourth-quarter results.Revenues associated with acquisitions, the organic change in base c ...

ROLLING MEADOWS, Ill., Jan. 18, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Concord, New Hampshire-based The Rowley Agency, LLC. Terms of the transaction were not disclosed. The Rowley Agency is a retail insurance broker providing property/casualty, surety and employee benefits products to commercial and personal lines clients primarily in New Hampshire, Vermont, Maine and Massachusetts. Dan Church, Gary Stevens and their team will remain in their current location under ...

Arthur J. Gallagher & Co. (AJG) recently acquired MGB Re. The terms of the transaction have not been revealed yet.Toronto, ON-based MGB provides innovative solutions for risk and cost management and distribution initiatives to meet the needs of Insurance companies, HMOs, MGUs and Reinsurance companies.With this acquisition, Arthur J. Gallagher will leverage the strong client relationships and expertise of MGB to enhance the growth of AJG’s medical reinsurance business and expand its service offerings.Arthur ...

ROLLING MEADOWS, Ill., Jan. 11, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of UK-based MCMM Services Limited (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence insurance to UK state schools and academies. Based in Mansfield, England, Les Marshall and his team will operate as part of Gallagher's education practice under the leadership of ...

Arthur J. Gallagher & Co. (AJG) recently acquired Köberich Financial Lines. The acquisition will consolidate the acquirer’s presence in Europe. The terms of the transaction have not been revealed yet.Cologne, Germany-based Köberich was founded in 2009. It specializes in insurance and other financial lines products, including cyber, warranties & indemnities, professional indemnity and crime insurance. Köberich's customer base includes energy, engineering, construction, manufacturing and mining companies.The ...

ROLLING MEADOWS, Ill., Jan. 8, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Cologne, Germany-based Köberich Financial Lines (Köberich). Terms of the transaction were not disclosed. Köberich is an insurance broker specializing in financial lines products. Harald Köberich and his team will operate under the direction of Alex Nagler, head of Gallagher's retail property/casualty brokerage operations in Europe. "Köberich complements Gallagher's existing financial lines expert ...

Revenue Distribution and Segment Performance - The company generated approximately 64% of its revenues domestically and 36% internationally during the nine-month period ended September 30, 2023[175] - The brokerage, risk management, and corporate segments contributed approximately 86%, 14%, and 0% to revenues, respectively, during the nine-month period ended September 30, 2023[175] - Brokerage segment revenues increased by 22% to $2,122.1 million in Q3 2023 compared to $1,736.2 million in Q3 2022[180] - Organic revenues in the brokerage segment grew by 9.3% to $1,875.9 million in Q3 2023[180] - Risk management segment revenues before reimbursements rose by 20% to $331.0 million in Q3 2023[180] - Nine-month brokerage segment revenues increased by 18% to $6,585.7 million in 2023[183] - Risk management segment organic revenues grew by 16.8% to $926.7 million in the nine-month period of 2023[183] - Brokerage segment revenues increased to $2,122.1 million in 2023, up from $1,736.2 million in 2022, representing a 22.2% growth[187] - Risk Management segment revenues increased to $331.0 million in 2023, up from $275.5 million in 2022, a 20.1% growth[187] - Total Company revenues increased to $2,453.6 million in 2023, up from $2,012.0 million in 2022, a 22.0% growth[187] - Brokerage segment revenues increased to $6,585.7 million in 2023, up from $5,599.5 million in 2022, representing a growth of 17.6%[191] - Risk Management segment revenues increased to $947.2 million in 2023, up from $802.0 million in 2022, a growth of 18.1%[191] - Total Company revenues increased to $7,533.4 million in 2023, up from $6,424.9 million in 2022, representing a growth of 17.3%[191] - Brokerage segment accounted for 86% of the company's revenues during the nine-month period ended September 30, 2023[203] - Total revenues for the three-month period ended September 30, 2023, increased by 22% to $2,122.1 million compared to $1,736.2 million in the same period in 2022[208] - Total revenues for the nine-month period ended September 30, 2023, increased by 18% to $6,585.7 million compared to $5,599.5 million in the same period in 2022[208] - Total revenues for the three-month period ended September 30, 2023, were $369.4 million, a 20% increase from $307.5 million in the same period in 2022[234] - Total revenues for the three-month period ended September 30, 2023, were $0.5 million, compared to $0.3 million in the same period in 2022, representing an increase of $0.2 million[250] - Total revenues for the nine-month period ended September 30, 2023, were $0.5 million, compared to $23.4 million in the same period in 2022, representing a decrease of $22.9 million[250] Earnings and Profitability - Adjusted EBITDAC for the brokerage segment increased by 23% to $688.0 million in Q3 2023[180] - Diluted net earnings per share for the total company grew by 19% to $2.00 in Q3 2023[180] - Adjusted EBITDAC for the risk management segment increased by 29% to $186.4 million in the nine-month period of 2023[183] - Total company diluted net earnings per share grew by 14% to $6.92 in the nine-month period of 2023[183] - Net earnings for the brokerage segment rose to $339.0 million in 2023, compared to $282.5 million in 2022, a 20.0% increase[187] - EBITDAC for the brokerage segment grew to $611.5 million in 2023, up from $488.5 million in 2022, a 25.2% increase[187] - Net earnings for the Risk Management segment rose to $41.5 million in 2023, compared to $26.9 million in 2022, a 54.3% increase[187] - Total Company net earnings rose to $283.2 million in 2023, compared to $256.3 million in 2022, a 10.5% increase[187] - Total Company EBITDAC grew to $606.1 million in 2023, up from $508.7 million in 2022, a 19.1% increase[187] - Net earnings for the brokerage segment rose to $1,144.6 million in 2023, compared to $1,058.5 million in 2022, an increase of 8.1%[191] - EBITDAC for the brokerage segment grew to $2,055.9 million in 2023, up from $1,781.6 million in 2022, a 15.4% increase[191] - Net earnings for the Risk Management segment rose to $111.7 million in 2023, compared to $79.4 million in 2022, an increase of 40.7%[191] - Total Company net earnings rose to $1,005.6 million in 2023, compared to $980.5 million in 2022, an increase of 2.6%[191] - Total Company EBITDAC grew to $2,041.3 million in 2023, up from $1,814.4 million in 2022, a 12.5% increase[191] - Diluted net earnings per share for the Total Company increased to $4.58 in 2023, compared to $4.57 in 2022, a 0.2% increase[191] - Brokerage segment reported earnings of $454.0 million, with net earnings attributable to controlling interests at $335.9 million, and diluted earnings per share of $1.53[194] - Risk Management segment reported earnings of $56.4 million, with net earnings attributable to controlling interests at $41.5 million, and diluted earnings per share of $0.19[194] - Corporate segment reported a loss of $146.3 million, with net loss attributable to controlling interests at $96.7 million, and diluted loss per share of $0.44[194] - Brokerage segment adjusted earnings increased to $637.4 million, with net earnings attributable to controlling interests at $474.0 million, and diluted earnings per share of $2.15[194] - Risk Management segment adjusted earnings increased to $58.7 million, with net earnings attributable to controlling interests at $43.3 million, and diluted earnings per share of $0.20[194] - Corporate segment adjusted loss improved to $123.2 million, with net loss attributable to controlling interests at $77.0 million, and diluted loss per share of $0.35[194] - Brokerage segment in Q3 2022 reported earnings of $370.7 million, with net earnings attributable to controlling interests at $281.3 million, and diluted earnings per share of $1.31[194] - Risk Management segment in Q3 2022 reported earnings of $36.6 million, with net earnings attributable to controlling interests at $26.9 million, and diluted earnings per share of $0.13[194] - Corporate segment in Q3 2022 reported a loss of $92.3 million, with net loss attributable to controlling interests at $52.4 million, and diluted loss per share of $0.25[194] - Brokerage segment adjusted earnings in Q3 2022 increased to $514.1 million, with net earnings attributable to controlling interests at $386.0 million, and diluted earnings per share of $1.79[194] - Brokerage, as adjusted, reported earnings of $2,167.9 million for the nine-month period ended September 30, 2023, with net earnings attributable to controlling interests of $1,614.8 million[197] - Risk Management, as adjusted, reported earnings of $159.5 million for the nine-month period ended September 30, 2023, with net earnings attributable to controlling interests of $117.3 million[197] - Corporate, as adjusted, reported a loss of $383.7 million for the nine-month period ended September 30, 2023, with a net loss attributable to controlling interests of $218.3 million[197] - Net earnings for the three-month period ended September 30, 2023, increased by 20% to $339.0 million compared to $282.5 million in the same period in 2022[210] - EBITDAC for the three-month period ended September 30, 2023, increased by 25% to $611.5 million compared to $488.5 million in the same period in 2022[210] - Net earnings for the nine-month period ended September 30, 2023, increased by 8% to $1,144.6 million compared to $1,058.5 million in the same period in 2022[210] - EBITDAC for the nine-month period ended September 30, 2023, increased by 15% to $2,055.9 million compared to $1,781.6 million in the same period in 2022[210] - Net earnings for the three-month period ended September 30, 2023, were $41.5 million, a 54% increase from $26.9 million in the same period in 2022[237] - EBITDAC for the three-month period ended September 30, 2023, was $66.8 million, a 41% increase from $47.3 million in the same period in 2022[237] - Adjusted EBITDAC for the three-month period ended September 30, 2023, was $67.6 million, a 35% increase from $50.2 million in the same period in 2022[237] - Net earnings margin (before reimbursements) for the three-month period ended September 30, 2023, was 12.5%, an increase of 278 basis points from 9.8% in the same period in 2022[237] - EBITDAC margin (before reimbursements) for the three-month period ended September 30, 2023, was 20.4%, an increase of 219 basis points from 18.2% in the same period in 2022[237] - Total EBITDAC for the nine-month period ended September 30, 2023, was $183.2 million, a 31% increase from $140.0 million in the same period in 2022[237] - Net loss for the three-month period ended September 30, 2023, was $(97.3) million, compared to $(53.1) million in the same period in 2022, representing an increase in loss of $(44.2) million[250] - Net loss for the nine-month period ended September 30, 2023, was $(250.7) million, compared to $(157.4) million in the same period in 2022, representing an increase in loss of $(93.3) million[250] - Pretax loss for the three-month period ended September 30, 2023 was $73.4 million, compared to $65.0 million in the same period in 2022[261] - Net loss attributable to controlling interests for the three-month period ended September 30, 2023 was $54.3 million, compared to $48.1 million in the same period in 2022[261] - Pretax loss for the nine-month period ended September 30, 2023 was $220.6 million, compared to $194.7 million in the same period in 2022[263] - Net loss attributable to controlling interests for the nine-month period ended September 30, 2023 was $163.2 million, compared to $144.1 million in the same period in 2022[263] - Consolidated EBITDAC for the nine-month period ended September 30, 2023 was $2,041.3 million, compared to $1,814.4 million for the same period in 2022[273] - Net earnings attributable to controlling interests for the nine-month period ended September 30, 2023 were $1,001.7 million, compared to $978.7 million for the same period in 2022[273] Acquisitions and Investments - The company signed a definitive agreement to acquire Cadence Insurance for approximately $749 million, net of a discounted tax benefit of $155 million, with integration costs expected to total $70 million over the next 3 years[197] - The company signed a definitive agreement to acquire Eastern Insurance Group for approximately $510 million, net of agreed seller-funded expenses[198] - The company acquired Buck, a leading provider of retirement, human resources, and employee benefits consulting, with over 2,300 employees and more than 220 credentialed actuaries[201] - The company closed 12 acquisitions in Q3 2023, with estimated annualized revenues acquired of $57.2 million[214] - The company signed a definitive agreement to acquire Cadence Insurance for approximately $749 million, expected to close in Q4 2023[214] - The company acquired Eastern Insurance for approximately $510 million, with the transaction expected to close in Q4 2023[214] - Buck was acquired in April 2023, adding over 2,300 employees and expanding the company's service offerings in retirement and employee benefits[215] - The company acquired Buck on April 3, 2023, with total expected integration costs of approximately $125.0 million[268] - The company completed 37 acquisitions in the nine-month period ended September 30, 2023, compared to 20 acquisitions in the same period in 2022, with annualized revenues of acquired businesses totaling approximately $475.3 million and $105.2 million, respectively[277] - The company incurred transaction-related costs primarily associated with the acquisition of Willis Re and Buck, totaling $10.2 million for the nine-month period ended September 30, 2023[263] Expenses and Costs - Compensation expense rose by $203.9 million in Q3 2023, primarily due to hiring and acquisition-related costs[220] - Adjusted compensation expense ratios improved to 53.7% in Q3 2023 from 53.8% in Q3 2022[220] - Operating expense increased by $59.0 million for the three-month period ended September 30, 2023, compared to the same period in 2022, primarily due to acquisition-related expenses ($24.7 million), inflation in client-related expenses ($23.6 million), and increased acquisition integration costs ($10.7 million)[223] - Operating expense increased by $181.1 million for the nine-month period ended September 30, 2023, compared to the same period in 2022, driven by client-related expenses and technology investments ($90.8 million), acquisition-related expenses ($59.9 million), and acquisition integration costs ($30.4 million)[224] - Depreciation expense increased by $9.8 million and $14.7 million for the three and nine-month periods ended September 30, 2023, respectively, due to office consolidations, equipment purchases, and computer system upgrades[225] - Amortization expense increased in the three and nine-month periods ended September 30, 2023, primarily due to intangible assets from acquisitions, with $3.3 million and $0.4 million of amortizable assets written off in the nine-month periods of 2023 and 2022, respectively[226] - Change in estimated acquisition earnout payables resulted in $17.8 million and $57.1 million of expense recognized in the three and nine-month periods ended September 30, 2023, respectively, due to adjustments in fair value assumptions[227][228] - Reported compensation expense for the three-month period ended September 30, 2023, increased by 17.7% to $199.2 million compared to $169.3 million in the same period in 2022[241] - Reported compensation expense for the nine-month period ended September 30, 2023, increased by 16.9% to $569.3 million compared to $487.1 million in the same period in 2022[241] - Operating expense for the three-month period ended September 30, 2023, increased by 10.4% to $65.0 million compared to $58.9 million in the same period in 2022[243] - Operating expense for the nine-month period ended September 30, 2023, increased by 11.3% to $194.7 million compared to $174.9 million in the same period in 2022[243] - Depreciation expense decreased by $0.2 million and $2.3 million for the three and nine-month periods ended September 30, 2023, respectively, compared to the same periods in 2022[245] - Amortization expense decreased by $0.2 million for the nine-month period ended September 30, 2023, compared to the same period in 2022[245] - Compensation expense for the three-month period ended September 30, 2023, was $35.6 million, compared to $26.7 million in the same period in 2022, representing an increase of $8.9 million[252] - Compensation expense for the nine-month period ended September 30, 2023, was $91.5 million, compared to $76.4 million in the same period in 2022, representing an increase of $15.1 million[253] - Operating expense for the three-month period ended September 30, 2023, was $37.1 million, compared to $0.7 million in the same period in 2022, representing an increase of $36.4 million[250] - Operating expense for the nine-month period ended September 30, 2023, was $106.8 million, compared to $31.3 million in the same period in 2022, representing an increase of $75.5 million[250] - Interest expense for the three-month period ended September 30, 2023, was $72.8 million, compared to $64.4 million in the same period in 2022, representing an