Over the past season, Arthur J. Gallagher (AJG) has stepped in to announce the results for the third quarter of 2021. Sales-wise, it is 10% of domestic sales growth.
In the intermediary sector alone, net revenues ranged from $238.9 million to $280.6 million in Q3 2020 (adjusted) and revenue of $1,495.4 million from $1,309 million in the previous year’s Purchases). During the nine months ended September 30, 2021, adjusted net income for this segment increased from $786.7 million in the last year’s quarter to $915.3 million on pre-purchase revenue of $4,034.1 million last year. That’s up $4,491.2 million. Year.
For AJG’s Risk Management division, net income (adjusted) for the quarter was $25.9 million and sales (before payments) were $248 million. For the nine months ended September 30, 2021, the segment had net revenue (adjusted) of $71.8 million and revenue (before payments) of $713.2 million.
AJG’s total adjusted brokerage and risk management results increased from $1,512.6 million in Q3 2020 to $1,743.4 million and from $258.2 million to $306.5 million in Q3 2020.
That’s a very strong net profit. As of September 30, 2021, the segment’s total revenue (before repurchase) increased from $4,651.0 million in the previous quarter to $5,204.4 million and net income increased from $840.1 million to $987.1 million Dollars. ..
Regarding the results, Jay Patrick Gallagher Jr., Chairman, President and CEO of AJG said: It will end in the fourth quarter of 2021.
Global P/C rates remain strong, with increased economic activity leading to additional insured exposure, aggressive policy approvals, and other low-cost medium-term policy adjustments. Overall, he said the surge in P/C premiums that AJG saw in the third quarter of 2021 was in line with the first half of this year.
“Our customers are healthy and growth-oriented,” he said. “Our team is dedicated, energetic and well positioned to help our customers and prospects master the challenges of growth in a tough insurance environment.”