Arthur J. Gallagher Q3 2023 Earnings Report
Key Takeaways
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.
Arthur J. Gallagher
Arthur J. Gallagher
Arthur J. Gallagher Revenue by Segment
Forward Guidance
The company expects continued growth opportunities due to insurance and reinsurance price increases, economic growth, geopolitical tensions, and a growing appreciation for risk.
Positive Outlook
- Continued insurance and reinsurance price increases.
- Economic growth.
- Increasing geopolitical tensions.
- Growing appreciation for risk.
- Team is in a great position to provide clients with superior insurance and risk management solutions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income