Arthur J Gallagher & Co

Arthur J. Gallagher & Co. delivered an all-around beat in the previous quarter, delivering impressive results in various segments. In the Brokerage segment, they achieved a 22% revenue growth, with a substantial 9.3% coming from organic sources. In the retail brokerage operations, the US P/C business showed strong underlying organic growth of around 8%. The UK P/C business posted 7% organic growth, while the Canadian P/C operation experienced a 10% organic increase. Additionally, the combined operations in Australia and New Zealand reported an impressive 13% organic growth. Their global employee benefits brokerage and consulting business saw a 6% organic growth, driven by robust health and welfare results and continued strength in retirement and HR consulting practice groups. Gallagher Re achieved a remarkable 20% organic growth in reinsurance, wholesale, and specialty businesses. In the primary insurance market, global third-quarter renewal premiums increased by 10%, reflecting broad-based premium increases across geographies and product lines. Despite these trends, Arthur J. Gallagher focuses on finding the best coverage for their clients while mitigating price increases. They also acquired Clements Worldwide to further strengthen their position in the insurance industry.