Sector: Financials|Industry: Insurance Brokers|Market Cap: $61.11B|Employees: 52K
Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. They provide insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services to entities and individuals worldwide. The company's core business model focuses on delivering comprehensive insurance, reinsurance, and risk management solutions, with a strong geographic presence in the U.S., Australia, Canada, New Zealand, and the U.K.
Total revenues increased to $2,806.8 million, up from $2,492.0 million in the same quarter last year, primarily driven by increases in commissions ($1,537.8 million vs $1,381.2 million) and fees ($945.0 million vs $846.1 million).
Net earnings attributable to controlling interests increased to $312.6 million from $280.7 million in the same quarter last year, indicating improved profitability.
Diluted net earnings per share increased to $1.39 from $1.28 in the same quarter last year, reflecting improved profitability on a per-share basis.