Arthur J.Gallagher & Co. (NYSE: AJG) released its financial results for the quarter and full year ended December 31, 2023.
The company has displayed robust growth with fourth-quarter core brokerage and risk management segments combining to deliver 20% growth in revenue, of which 8.1% was organic growth.
Global primary P/C renewal premium increases were about 8.5%, consistent with renewal premium changes throughout 2022 and 2023.
The company also completed 14 new mergers in the quarter with estimated annualized revenues of $410 million, signaling ongoing strategic growth efforts.