Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript - Thomson StreetEvents

Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript

Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript - Thomson StreetEvents
Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript
Published Jan 27, 2022
18 pages (11716 words) — Published Jan 27, 2022
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Abstract:

Edited Transcript of AJG.N earnings conference call or presentation 27-Jan-22 10:15pm GMT

  
Brief Excerpt:

...Thank you. Good afternoon. Thank you for joining us for our fourth quarter 2021 earnings call. On the call with me today is Doug Howell, our CFO, as well as the heads of our operating divisions. We had an outstanding fourth quarter. For our combined Brokerage and Risk Management segments, we posted 18% growth in revenue, 11% organic growth, net earnings growth of 11%, adjusted EBITDAC growth of 17%, and we completed 18 new tuck-in mergers in the quarter. That's on top of closing our Willis Re merger. All told for the year, our merger strategy added more than $1 billion of annualized revenue. That's just fantastic. Needless to say, I'm extremely proud of how the team performed during the fourth quarter and the full year. So let me give you some more detail on our outstanding fourth quarter performance starting with the Brokerage segment. During the quarter, reported revenue growth was an excellent 19%. Of that, 10.6% was organic, another sequential step-up from the third quarter and the...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Co
Ticker
AJG.N
Time
10:15pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Dong Yoon Han - Keefe, Bruyette, & Woods, Inc., Research Division - Analyst : Your comp ben ratio is quite good in the quarter, which kind of benefited from some of the actions you've taken in 2020. But I was hoping that you could kind of talk about how wage inflation is impacting that number. And just curious if the impact is more pronounced among producers that you're trying to hire versus the support staff.

Question: Dong Yoon Han - Keefe, Bruyette, & Woods, Inc., Research Division - Analyst : Okay. That's really, really helpful. And just going back to your expectations on the brokerage organic growth of 8% plus. Are you embedding any kind of slowdown from potential rate hikes or maybe kind of beating supply chain constraints or maybe labor constraints? I know you sounded very confident about achieving that, but I kind of wanted to get a sense of what could derail the 8% plus organic growth.

Table Of Contents

Arthur J. Gallagher & Co. Investor Meeting with Management Transcript – 2022-06-15 – US$ 54.00 – Edited Transcript of AJG.N corporate analyst meeting</ 15-Jun-22 1:00pm GMT

Arthur J Gallagher & Co Q1 2022 Earnings Call Summary – 2022-04-28 – US$ 54.00 – Edited Brief of AJG.N earnings conference call or presentation 28-Apr-22 9:15pm GMT

Arthur J Gallagher & Co Q1 2022 Earnings Call Transcript – 2022-04-28 – US$ 54.00 – Edited Transcript of AJG.N earnings conference call or presentation 28-Apr-22 9:15pm GMT

Arthur J Gallagher & Co Investor Meeting with Management Transcript – 2022-03-16 – US$ 54.00 – Edited Transcript of AJG.N corporate analyst meeting</ 16-Mar-22 1:00pm GMT

Arthur J Gallagher & Co Q4 2021 Earnings Call Summary – 2022-01-27 – US$ 54.00 – Edited Brief of AJG.N earnings conference call or presentation 27-Jan-22 10:15pm GMT

Arthur J Gallagher & Co Investor Meeting With Management Transcript – 2021-12-14 – US$ 54.00 – Edited Transcript of AJG.N corporate analyst meeting</ 14-Dec-21 2:00pm GMT

Arthur J Gallagher & Co Q3 2021 Earnings Call Summary – 2021-10-28 – US$ 54.00 – Edited Brief of AJG.N earnings conference call or presentation 28-Oct-21 9:15pm GMT

Arthur J Gallagher & Co Q3 2021 Earnings Call Transcript – 2021-10-28 – US$ 54.00 – Edited Transcript of AJG.N earnings conference call or presentation 28-Oct-21 9:15pm GMT

Arthur J Gallagher & Co Investor Meeting with Management Transcript – 2021-09-14 – US$ 54.00 – Edited Transcript of AJG.N corporate analyst meeting</ 14-Sep-21 1:00pm GMT

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Thomson StreetEvents. "Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript" Jan 27, 2022. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Arthur-J-Gallagher-Co-Earnings-Call-T15088751>
  
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Thomson StreetEvents. (2022). Arthur J Gallagher & Co Q4 2021 Earnings Call Transcript Jan 27, 2022. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Arthur-J-Gallagher-Co-Earnings-Call-T15088751>
  
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