Gallagher publishes Q2, H1 financials

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Arthur J. Gallagher & Co. (AJG) ‘s turn to unveil how it went for the second quarter and first half of 2021 – a year that Chairman, President and CEO Patrick Gallagher Jr has had a “fantastic”

For the three and six month periods ending June 30, here are AJG’s net profits:

segment

Q2 2021

2nd quarter 2020

H1 2021

H1 2020

Mediation

$ 227.6 million

$ 190.2 million

$ 592 million

$ 501.6 million

Risk management

$ 24.9 million

$ 9.9 million

$ 42.9 million

$ 29 million

Entire company

$ 201.8 million

$ 161.8 million

$ 595.5 million

$ 517.2 million

“We had another outstanding quarter of operating performance,” commented the CEO, whose warehouse also announced a $ 1.5 billion share buyback program. “In the second quarter, our core segments Brokerage and Risk Management together achieved 17% sales growth, of which 8.6% organic sales growth; Net Profit Margin Improves 106 Basis Points; and Adjusted EBITDAC margins increased 30 basis points.

“We also completed eight new tuck-in mergers with annual sales of approximately $ 70 million. While our proposed acquisition of certain brokerage businesses from Willis Towers Watson has ended, our decade-long tuck-in merger program remains a proven strategic engine for growth. “

The CEO also noted that there is increasing economic activity across AJG’s customer base as customers add coverage and risk to existing policies. He described the development as an “encouraging sign” of the underlying financial health of customers.

Gallagher said, “As customers and prospects move from controlling costs to growing their business and attracting, motivating and retaining their employees, I believe our talented production staff are well positioned to help our customers cope with the current environment. 2021 will be a fantastic year! ”