Arthur J. Gallagher ( (AJG) ) has released its Q4 earnings. Here is a breakdown of the information Arthur J. Gallagher presented to its investors.
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Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting firm headquartered in Rolling Meadows, Illinois, providing services in approximately 130 countries worldwide. The company recently announced its financial results for the fourth quarter and full year of 2024, highlighting strong performance in its brokerage and risk management segments.
For the fourth quarter of 2024, Arthur J. Gallagher reported a significant increase in net earnings and adjusted EBITDAC, reflecting its 16th consecutive quarter of double-digit revenue growth. The company witnessed organic revenue growth of 7% in its core segments and completed 20 mergers in the quarter, contributing to its annual total of 48 mergers. The acquisition of AssuredPartners was a notable highlight, expected to significantly boost the company’s revenue.
Key financial metrics showed an improvement, with total company revenues reaching $11,400.6 million for the year, up from $9,926.5 million in 2023. Net earnings also rose to $1,470.4 million from $966.0 million the previous year. The adjusted EBITDAC margin increased to 35.2% for the full year, showcasing the firm’s robust operational efficiency and strategic acquisitions. The company’s effective tax rate for 2024 was reported at 21.6%.
Looking forward, Arthur J. Gallagher remains optimistic about its growth trajectory, driven by continued expansion in the global insurance market and strategic acquisitions. The company’s management expressed excitement for 2025, emphasizing the potential for further revenue growth and market expansion.
