财务数据和关键指标变化 - 第三季度综合经纪和风险管理部门收入增长13%，有机增长6% [5][15] - GAAP每股收益为1.90美元，调整后每股收益为2.72美元，同比增长16% [5][15] - 调整后EBITDA利润率为31.9%，同比增长123个基点 [5][15] 各条业务线数据和关键指标变化 - 经纪部门收入增长13%，有机增长6% [5][15] - 风险管理部门收入增长12%，有机增长6% [13][20] - 经纪部门调整后EBITDA利润率为33.6%，同比增长137个基点 [5][18] 各个市场数据和关键指标变化 - 美国零售业务有机增长5%，国际业务有机增长7% [6][12] - 澳大利亚和新西兰的国际业务有机增长超过10% [6] - 全球第三季度续保保费增长5% [7][8] 公司战略和发展方向和行业竞争 - 公司计划在2024年实现经纪业务有机增长约7.5% [12][16] - 公司在并购方面保持纪律，第三季度完成四项新并购，预计未来有超过100项并购在管道中 [13][14][23] - 公司强调其文化和团队合作是成功的关键 [14] 管理层对经营环境和未来前景的评论 - 管理层对未来的市场环境持乐观态度，认为客户业务活动保持强劲 [10][11] - 管理层预计2025年经纪部门有机增长在6%到8%之间 [16][17] - 管理层指出，尽管面临经济挑战，客户的保险支出预算仍在增长 [57][59] 其他重要信息 - 公司在第三季度的可用现金约为12亿美元，预计2024年并购能力约为30亿美元 [23] - 公司在未来的并购中将继续保持良好的价格纪律 [78] 问答环节所有提问和回答 问题: 关于经纪部门的有机增长 - 管理层表示，第四季度的有机增长预计将受到生命保险销售的推动，整体业务有机增长在7%到8%之间 [26][28] 问题: 关于续保价格变化 - 管理层指出，尽管续保价格在某些领域有所上涨，但整体市场仍然理性，预计未来不会出现大幅波动 [31][32] 问题: 关于并购活动 - 管理层提到，尽管市场上存在一些不确定性，但公司在并购方面的管道非常强劲，预计未来将有更多交易完成 [46][48] 问题: 关于生命保险业务的影响 - 管理层确认，生命保险业务的波动性对整体收入有一定影响，但预计在第四季度将逐步恢复 [91][95]

For the quarter ended September 2024, Arthur J. Gallagher (AJG) reported revenue of $2.74 billion, up 11.8% over the same period last year. EPS came in at $2.26, compared to $2.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.75 billion, representing a surprise of -0.15%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Arthur J. Gallagher (AJG) came out with quarterly earnings of $2.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this insurance and risk-management company would post earnings of $2.24 per share when it actually produced earnings of $2.26, delivering a surprise of 0.89%.Over the last four quarters, the company has surpassed consensus EPS estimates three times. ...

财务业绩 - 公司第三季度总收入增长13%，有机收入增长6%，完成4笔新并购[3] - 前9个月收入增长16%，有机增长8%，净收益增长19%，调整后每股收益增长17%[5] - 公司第三季度和前九个月的收入和利润均实现同比增长[6] - 公司第三季度和前九个月完成了多项收购整合工作，相关费用对业绩产生一定影响[6] - 公司第三季度和前九个月的有机收入增长分别达到6.0%和7.6%[7] - 公司在第三季度和前九个月完成了27项和37项收购交易，估计年化收购收入分别为3.27亿美元和47.53亿美元[7] - 第三季度营业收入为1,887.2亿美元，同比增长6.1%[8,9] - 第三季度调整后EBITDAC为79.77亿美元，同比增长15.9%[11] - 第三季度调整后EBITDAC利润率为33.6%，同比提升1.4个百分点[11] - 第三季度调整后薪酬费用为12.587亿美元，占调整后收入的53.0%，同比下降0.7个百分点[8] - 第三季度调整后运营费用为3.175亿美元，占调整后收入的13.4%，同比下降0.7个百分点[9] - 公司第三季度净收益为44.6百万美元，同比增长7.5%[15] - 第三季度调整后EBITDAC为76.9百万美元，同比增长12.7%[15] - 第三季度调整后EBITDAC利润率为20.8%，同比提升0.3个百分点[15] - 公司前九个月净收益为131.7百万美元，同比增长17.9%[15] - 前九个月调整后EBITDAC为223.5百万美元，同比增长19.7%[15] - 第三季度总收入为23.96亿美元，同比增长12.9%[36] - 第三季度EBITDAC为6.92亿美元，同比增长13.1%[36] - 前9个月总收入为76.38亿美元，同比增长16.0%[36] - 前9个月EBITDAC为24.08亿美元，同比增长17.1%[36] - 第三季度净利润为3.83亿美元，同比增长13.0%[36] - 前9个月净利润为13.68亿美元，同比增长19.5%[36] - 第三季度每股收益1.58美元，同比增长13.7%[36] - 前9个月每股收益5.65美元，同比增长19.6%[36] - 公司第三季度总收入为28.07亿美元，同比增长12.6%[39] - 第三季度净收益为3.14亿美元，同比增长10.9%[39] - 前9个月总收入为88.39亿美元，同比增长15.7%[39] - 前9个月净收益为12.12亿美元，同比增长20.5%[39] - 第三季度佣金收入为15.38亿美元，同比增长11.3%[39] - 第三季度费用收入为9.45亿美元，同比增长11.7%[39] - 前9个月佣金收入为51.93亿美元，同比增长14.5%[39] - 前9个月费用收入为27.23亿美元，同比增长16.3%[39] - 第三季度EBITDAC为6.91亿美元，同比增长14.0%[39] - 前9个月EBITDAC为24.38亿美元，同比增长19.4%[39] 分部业绩 - 风险管理分部第三季度有机收入增长6.0%[12] - 风险管理分部第三季度完成1笔收购，预计年化收入1,400万美元[12] - 风险管理分部第三季度调整后薪酬费用占调整后收入的60.3%，同比上升0.3个百分点[13] - 风险管理分部第三季度调整后运营费用占调整后收入的18.9%，同比下降0.6个百分点[14] - 公司第三季度企业分部税前亏损为93.7百万美元，主要由于利息和银行成本以及与收购相关的费用[16][18][20] - 公司第三季度企业分部调整后税前亏损为160.4百万美元[16] - 公司前九个月企业分部调整后税前亏损为457.1百万美元[16] - 第三季度经纪业务收益为4.54亿美元，税前利润为3.39亿美元[42] - 第三季度风险管理业务收益为5640万美元，税前利润为4150万美元[42] - 前9个月经纪业务收益为18.34亿美元，税前利润为13.68亿美元[42] - 前9个月风险管理业务收益为1.79亿美元，税前利润为1.32亿美元[42] 收购与整合 - 公司收购了威尔士塔华森(Willis Towers Watson)的再保险经纪业务、Buck、Cadence Insurance、Eastern Insurance Group和My Plan Manager等公司[29] - 公司第三季度和前九个月完成了多项收购整合工作，相关费用对业绩产生一定影响[6] - 公司在第三季度和前9个月期间进行了外币折算调整,对财务数据产生影响[42] - 公司完成了多项收购整合和业务重组,相关费用影响了财务数据[42] 其他 - 第三季度全球续保保费增长与9月投资者日更新基本持平，10月美国飓风尚未对保险定价产生重大影响[5] - 客户风险变化和新增理赔数量持续增长,表明客户业务保持良好经济活动[5] - 公司文化保持稳健发展,是取得优异财务业绩的基础[3] - 公司将于2024年10月24日举行财报电话会议[21] - 公司面临的风险包括全球经济和地缘政治事件、收购整合、声誉损害、网络安全、人才竞争和薪酬成本上升等[26] - 公司使用了一些非GAAP指标,如EBITDAC、调整后EBITDAC、调整后每股收益等

ROLLING MEADOWS, Ill., Oct. 24, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended September 30, 2024.  Management will host a webcast conference call to discuss these results on Thursday, October 24, 2024 at 5:15 p.m. ET/4:15 p.m. CT.  To listen to the call, and for printer-friendly formats of this release and the "CFO Commentary" and "Supplemental Quarterly Data," which may also be referenced during the call, please visit ajg.com/IR.  Thes ...

Investors in Arthur J. Gallagher & Co.(AJG) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $125.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...

ROLLING MEADOWS, Ill., Oct. 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today declared a regular quarterly cash dividend of sixty cents ($0.60) per share on the Common Stock of the Company, payable on December 20, 2024 to Stockholders of Record as of December 6, 2024.Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.  Gallagher provides these services in approximately 130 countri ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Arthur J. Gallagher (AJG) , which belongs to the Zacks Insurance - Brokerage industry.When looking at the last two reports, this insurance and risk-management company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 1.77%, on average, in the last two quarters.For the last reported quarter, Arthur J. Gallagher ...

Arthur J. Gallagher & Co. (AJG) is slated to report third-quarter 2024 earnings on Oct. 24, after market close. The insurer delivered an earnings surprise in each of the last four reported quarters, the average beat being 1.93%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderSolid performance in both segments, aided by new business, solid retention and higher renewal premiums across its business lines, is likely to have benefited Arthur J. Gallagher’s third-quarte ...

Wall Street analysts expect Arthur J. Gallagher (AJG) to post quarterly earnings of $2.26 per share in its upcoming report, which indicates a year-over-year increase of 13%. Revenues are expected to be $2.75 billion, up 12% from the year-ago quarter. The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of ...