AJGArthur J. Gallagher & Co.

$54B

Q2 2018 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$1.7B+11.1% YoY

Gross Profit

$452M27.3% margin

Operating Income

$125M7.6% margin

Net Income

$115M6.9% margin

EPS (Diluted)

$0.62

QoQ Revenue Growth

-9.8%

Cash Flow

Operating Cash Flow

$531M

Free Cash Flow

$499M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$16.2B

Total Liabilities

$11.7B

Stockholders' Equity

$4.4B

Cash & Equivalents

$652M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.5B	+11.1%
Gross Profit	$452M	$390M	+15.9%
Operating Income	$125M	$91M	+38.1%
Net Income	$115M	$70M	+64.1%

Revenue Segments

Brokerage Segment

$1.0B60%

Corporate Segment

$423M25%

Risk Management Segment

$237M14%

Geographic Segments

UNITED STATES

$1.2B74%

UNITED KINGDOM

$213M13%

AUSTRALIA

$80M5%

CANADA

$49M3%

NEW ZEALAND

$44M3%

Other Foreign

$39M2%

AJG Q2 2018 Earnings — Arthur J. Gallagher & Co. Revenue & Financial Results | Market Cap Arena