Arthur J Gallagher & Co Q1 2021 Earnings Call Summary - Thomson StreetEvents

Arthur J Gallagher & Co Q1 2021 Earnings Call Summary

Arthur J Gallagher & Co Q1 2021 Earnings Call Summary - Thomson StreetEvents
Arthur J Gallagher & Co Q1 2021 Earnings Call Summary
Published Apr 29, 2021
15 pages (7370 words) — Published Apr 29, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of AJG.N earnings conference call or presentation 29-Apr-21 9:15pm GMT

  
Brief Excerpt:

...A. Overview: Executed against four long-term operating priorities to drive shareholder value. 1. a. Grew organically. b. Grew through acquisitions. c. Improved productivity while raising quality. d. Continued to reap the benefits of Co.'s unique Gallagher culture. B. Brokerage: Reported revenue growth of 12.2%. 1. 6% was organic revenue growth, better than recent IR day expectations due to an excellent March. a. 2. Cost containment efforts saved about $60m, helping drive net earnings margin higher by 94 BP and expand adjusted EBITDAC margin by 480 BP. 3. Net earnings up 17%. 4. Adjusted EBITDAC up 24%. 5. PC operations: In US retail, organic growth was strong at about 5%. a. New business was excellent and retention remained strong. i. b. In US wholesale operations, Risk Placement Services, organic was about 6%. Open brokerage organic was 15% due to rate increases, higher levels of new business and improved retention. i. ii. MGA programs binding businesses up about 4%....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Co
Ticker
AJG.N
Time
9:15pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Arthur J Gallagher & Co Q1 2021 Earnings Call Summary" Apr 29, 2021. Alacra Store. May 04, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Arthur-J-Gallagher-Co-Earnings-Call-B14655071>
  
APA:
Thomson StreetEvents. (2021). Arthur J Gallagher & Co Q1 2021 Earnings Call Summary Apr 29, 2021. New York, NY: Alacra Store. Retrieved May 04, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Arthur-J-Gallagher-Co-Earnings-Call-B14655071>
  
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