Arthur J. Gallagher & Co. reported strong Q3 2023 results, with a 22% revenue increase in core brokerage and risk management segments, driven by 10.5% organic revenue growth. The adjusted EBITDAC margin improved by 78 basis points, and 12 new mergers were completed, adding approximately $57 million in estimated annualized revenue.
Core brokerage and risk management segments combined posted 22% reported revenue growth.
Organic revenue growth reached 10.5%.
Adjusted EBITDAC margin improved by 78 basis points.
Completed 12 new mergers with approximately $57 million of estimated annualized revenue.
The company expects continued growth opportunities due to insurance and reinsurance price increases, economic growth, geopolitical tensions, and a growing appreciation for risk.
Visualization of income flow from segment revenue to net income