Gallagher reports 5% organic growth for third quarter as peer results diverge

Third-quarter performance

Arthur J. Gallagher & Co. grew its combined brokerage and risk management businesses 5% organically in the third quarter. Total brokerage and risk management revenues before reimbursements reached US$3.93 billion, up from US$3.33 billion a year earlier, while adjusted earnings per share rose to US$3.00 from US$2.31.

Peer comparison

The reported 5% organic growth places Gallagher alongside competitors experiencing differing market conditions. Marsh reported 8% headline revenue growth with underlying risk and insurance services growth at around 3%. Aon posted 6% organic growth in its Risk Capital segment, alongside an increase in debt connected to the approaching USI acquisition. WTW recovered to 5% organic growth in its risk and broking segment following a decline earlier in the year, and Brown and Brown reported 1.2% organic growth, citing soft commercial and specialty pricing.