earnings
confidence high
sentiment positive
materiality 0.85
Gallagher Q2 adjusted EPS $1.90 beats $1.63 YoY; organic revenue up 10.8%
Arthur J. Gallagher & Co.
2023-Q2 EPS reported
$3.31
revenue$5,148,000,000
- Total Company adjusted net earnings $417.0M, up from $349.7M in Q2 2022.
- Adjusted diluted EPS $1.90 vs $1.63; reported diluted EPS $1.07.
- Brokerage segment organic revenue growth 9.7%; Risk Management organic growth 18.1%.
- Completed 15 new mergers with $349M estimated annualized revenue in Q2.
- Global insurance renewal premiums up 12%, management sees favorable pricing continuing.