AJ Gallagher (AJG) impressed with solid first quarter organic revenue growth performance across its broking and risk management business and margin improvement.
Overall organic growth came in at 4.8 percent, with brokerage matching the run rate with 4.8 percent growth and risk management delivering an underlying revenue increase of 4.7 percent.
The group’s adjusted Ebitdac for brokerage and risk management was up 15 percent to $222.7mn for the quarter and the adjusted Ebitdac margin improved by 91 basis points…Read more at The Insurance Insider