Gallagher Q4 adj EPS $2.13, FY adj EPS $10.09, organic growth 7%, AssuredPartners $13.45B
Arthur J. Gallagher & Co.
- Q4 2024 adjusted EPS $2.13 vs $1.82 prior year; net earnings $258.2M vs a loss of $39.6M.
- Full year 2024 adjusted EPS $10.09 vs $8.70; revenue $11.4B, up 15% YoY.
- Brokerage & Risk Management combined organic revenue growth of 7% in Q4; 16th consecutive quarter of double-digit growth.
- Completed 20 new mergers in Q4, 48 in FY 2024, adding $387M estimated annualized revenue.
- Acquisition of AssuredPartners for $13.45B; funded by $8.5B equity offering and $5.0B senior notes; regulatory approvals pending.