Arthur J. Gallagher posts higher net earnings in the first quarter

Insurance Business America | April 29, 2019

Arthur J. Gallagher posts higher net earnings in the first quarter
Those were the words of chairman, president, and chief executive J. Patrick Gallagher, Jr., when global insurance brokerage and risk management firm Arthur J. Gallagher & Co. (AJG) announced its financial results for the first quarter. Here we bring you the numbers for the whole enterprise, as well as the figures broken down in terms of AJG’s brokerage, risk management, and corporate segments. Overall, the Illinois-headquartered group posted US$351.7 million (around £271.9 million) in net earnings for the period – an increase from the US$286 million (around £221.1 million) reported in the first quarter of 2018. Diluted net earnings per share improved to US$1.77 from last year’s US$1.48. Meanwhile EBITDAC (net earnings before interest, income taxes, depreciation, amortisation, and the change in estimated acquisition earnout payables) for the quarter ended March 31 rose to US$475.4 million from US$379.8 million previously. Revenues before reimbursements reached US$1.96 billion, an amount that’s also higher than the US$1.8 billion recorded in the same period in 2018.

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