Arthur J Gallagher reports second quarter 2023 financial results. Credit: Wance Paleri on Unsplash.

Arthur J Gallagher has reported net earnings attributable to controlling interests of $234.5m for Q2 2023, marking a decline of 17% from $284.2m last year.

For the quarter ended 30 June 2023, the company’s diluted net earnings per share fell to $1.07 from $1.33 in Q2 2022.

Related Company Profiles

View all

The company declared a dividend of $0.55 per share for the quarter as against $0.51 in the prior-year quarter.

The company’s total revenues for the quarter were $2.4bn, a 19% increase from $2bn in the year-ago period.

In the brokerage division, Arthur J Gallagher’s net earnings attributable to controlling interests dropped to $288.3m from $310.3m a year ago.

However, revenues in the division surged to $2bn from $1.7bn in the year-ago period.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the risk management segment, the company’s net earnings attributable to controlling interests totalled $36.7m while revenues reached $353.6m in the same quarter.

For the second quarter, the company posted adjusted earnings before interest, taxes, depreciation, amortisation and coronavirus (EBITDAC) of $675.7m versus $ 567.6m in the previous year’s quarter.

Total EBITDAC reportedly stood at $560.3m in Q2 2023.

Arthur J Gallagher chairman, president and CEO J Patrick Gallagher Jr said: “We had a fantastic second quarter.

“Our core brokerage and risk management segments combined to post 20% reported revenue growth, 10.8% organic revenue growth, and a 14% reported net earnings margin, and we improved our adjusted EBITDAC margin 52 basis points. 

“Also during the quarter, we completed 15 new mergers with approximately $349m of estimated annualised revenue.”