Arthur J. Gallagher (NYSE:AJG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$3.12b (up 20% from 1Q 2023).

• Net income: US$608.4m (up 25% from 1Q 2023).

• Profit margin: 20% (in line with 1Q 2023).

• EPS: US$2.80 (up from US$2.29 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arthur J. Gallagher Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Arthur J. Gallagher.

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