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

Insurance Business America | April 29, 2019

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.

Spotlight

Are you an insurance agent looking to streamline your workflow and improve your business operations? In this video, we discuss the importance of using an agency management system and the benefits it can provide, including increased efficiency, improved accuracy, enhanced client experience, and better compliance. We also provide tips and best practices for using an agency management system, including choosing the right system, keeping your data clean, training your staff, and integrating with other systems. Watch now to learn more about how an agency management system can help you succeed as an insurance agent.

Spotlight

Are you an insurance agent looking to streamline your workflow and improve your business operations? In this video, we discuss the importance of using an agency management system and the benefits it can provide, including increased efficiency, improved accuracy, enhanced client experience, and better compliance. We also provide tips and best practices for using an agency management system, including choosing the right system, keeping your data clean, training your staff, and integrating with other systems. Watch now to learn more about how an agency management system can help you succeed as an insurance agent.

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