{"id":520417,"date":"2021-07-29T16:20:39","date_gmt":"2021-07-29T20:20:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arthur-j-gallagher-co-announces-second-quarter-2021-financial-results-and-1-5-billion-share-repurchase-program\/"},"modified":"2021-07-29T16:20:39","modified_gmt":"2021-07-29T20:20:39","slug":"arthur-j-gallagher-co-announces-second-quarter-2021-financial-results-and-1-5-billion-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arthur-j-gallagher-co-announces-second-quarter-2021-financial-results-and-1-5-billion-share-repurchase-program\/","title":{"rendered":"Arthur J. Gallagher & Co. Announces Second Quarter 2021 Financial Results And $1.5 Billion Share Repurchase Program"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n ROLLING MEADOWS, Ill.<\/span>, July\u00a029, 2021 \/PRNewswire\/ —\u00a0Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended June\u00a030, 2021.\u00a0 Management will host a webcast conference call to discuss these results on Thursday, July\u00a029, 2021 at 5:15 p.m. ET<\/span>\/4:15 p.m. CT<\/span>.\u00a0 To listen to the call, and for printer-friendly formats of this release and the “Supplemental Quarterly Data” and “CFO Commentary,” which may also be referenced during the call, please visit ajg.com\/IR<\/a>.\u00a0 These documents contain both GAAP and non-GAAP measures.\u00a0 Investors and other users of this information should read carefully the section entitled “Information Regarding Non-GAAP Measures” beginning on page\u00a010.\u00a0 <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Summary of Financial Results – Second Quarter<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Revenues Before<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Diluted Net Earnings<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n \u00a0Reimbursements<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Net Earnings (Loss)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n EBITDAC<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (Loss) Per Share<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Segment<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2nd Q 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2nd Q 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2nd Q 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2nd Q 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2nd Q 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2nd Q 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2nd Q 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2nd Q 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Chg<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Brokerage, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,390.2<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 1,201.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 227.6<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0190.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 440.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 366.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.09<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 0.97<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Net gains on divestitures<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.5)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.4)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.5)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition integration<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.2<\/span>\n <\/p>\n<\/td>\n

\n

\n 6.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Workforce and lease termination<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.1<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.1<\/span>\n <\/p>\n<\/td>\n

\n

\n 15.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.06<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition related adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.08<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Levelized foreign currency<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n \u00a0\u00a0 translation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 50.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 17.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Brokerage, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,389.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,250.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 250.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 223.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 457.5<\/span>\n <\/p>\n<\/td>\n

\n

\n 408.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.21<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Risk Management, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 190.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 28.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.12<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Net gains on divestitures<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Workforce and lease termination<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.5<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition related adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.2<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.01<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Levelized foreign currency<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n \u00a0\u00a0 translation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Risk Management, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 244.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 195.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 34.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.12<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.08<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Corporate, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 261.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 159.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (50.7)<\/span>\n <\/p>\n<\/td>\n

\n

\n (38.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (50.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n (35.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.29)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.23)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Transaction-related costs<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.7<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.2<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n U.K.-related tax rate change<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19.3<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.09<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Corporate, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 261.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 159.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (22.7)<\/span>\n <\/p>\n<\/td>\n

\n

\n (38.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (39.9)<\/span>\n <\/p>\n<\/td>\n

\n

\n (35.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.16)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.23)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Company, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,896.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 1,551.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 201.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0161.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 437.5<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 360.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a00.92<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 0.79<\/span>\n <\/p>\n<\/td>\n

\n

\n 16%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Company, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,896.2<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 1,605.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 253.2<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0199.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 465.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 408.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.17<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 0.99<\/span>\n <\/p>\n<\/td>\n

\n

\n 18%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Brokerage & Risk\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Management, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,635.2<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 1,391.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 252.5<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0200.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 487.6<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 395.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.21<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 1.02<\/span>\n <\/p>\n<\/td>\n

\n

\n 19%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Brokerage & Risk\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Management, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,634.6<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 1,445.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 275.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0238.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 505.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 443.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.33<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 1.22<\/span>\n <\/p>\n<\/td>\n

\n

\n 9%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n <\/p>\n

\n\n\n
\n

\n * <\/span>\n <\/p>\n<\/td>\n

\n

\n For second quarter 2021, the pretax impact of the Brokerage segment adjustments totals $30.0 million, with a corresponding adjustment to the provision for income taxes of $7.3\u00a0million relating to these items.\u00a0 For second quarter 2021, the pretax impact of the Risk Management segment adjustments totals $0.8\u00a0million, with a corresponding adjustment to the provision for income taxes of $0.1\u00a0million relating to these items.\u00a0 The pretax impact of the Corporate segment adjustments totals $10.2\u00a0million, with a corresponding adjustment to the benefit for income taxes of $(17.8)\u00a0million relating to this item and the U.K. tax item noted on page\u00a08.\u00a0 A detailed reconciliation of the 2021 and 2020 provision (benefit) for income taxes is shown on pages\u00a014 and 15.\u00a0 <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

(1 of 15)<\/p>\n

“We delivered another outstanding quarter of operating performance!” said J. Patrick Gallagher, Jr.<\/span>, Chairman, President and CEO. \u00a0“During the second quarter, our core brokerage and risk management segments combined to post 17% growth in revenue, of which 8.6% was organic revenue growth; net earnings margin improved by 106 basis points; and adjusted EBITDAC margins expanded by 30\u00a0basis points.\u00a0 We also completed 8 new tuck-in mergers with approximately $70 million<\/span> of annualized revenues.\u00a0 While our proposed acquisition of certain Willis Towers Watson<\/span> brokerage operations has terminated, our decades-long tuck-in merger program remains a proven strategic growth engine.<\/p>\n

“Global P\/C rates remain firm overall, and the increases we saw during the second quarter of 2021 were similar to the first quarter.\u00a0 At the same time, we are seeing increased economic activity across our client base.\u00a0 Customers are adding coverages and exposures to their existing policies, which is an encouraging sign for the underlying financial health of our clients.\u00a0 So as clients and prospects pivot away from controlling costs to growing their businesses and attracting, motivating and retaining their workforce, I believe our talented production staff is well positioned to help our clients navigate the current environment.<\/p>\n

“2021 is shaping up to be a fantastic year!”\u00a0\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Summary of Financial Results – Six-Months Ended June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Revenues Before<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Diluted Net Earnings<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n \u00a0Reimbursements<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Net Earnings (Loss)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n EBITDAC<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (Loss) Per Share<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Segment<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6 Mths 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6 Mths 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6 Mths 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6 Mths 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6 Mths 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6 Mths 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6 Mths 21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6 Mths 20<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Chg<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (in millions)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Brokerage, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a03,000.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 2,636.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 592.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0501.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,058.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 844.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 2.90<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 2.58<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Net gains on divestitures<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4.6)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.6)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4.6)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.02)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition integration<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Workforce and lease termination<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 21.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition related adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 6.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.8<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.14<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.03<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Levelized foreign currency<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n \u00a0\u00a0 translation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 89.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.07<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Brokerage, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,995.8<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,725.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 631.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 547.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,087.2<\/span>\n <\/p>\n<\/td>\n

\n

\n 916.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.10<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.82<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Risk Management, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 465.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 402.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 87.4<\/span>\n <\/p>\n<\/td>\n

\n

\n 63.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.21<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Net gains on divestitures<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Workforce and lease termination<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.01<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Acquisition related adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.1<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.2<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.01<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Levelized foreign currency<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n \u00a0\u00a0 translation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Risk Management, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 465.2<\/span>\n <\/p>\n<\/td>\n

\n

\n 413.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 45.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 34.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 88.8<\/span>\n <\/p>\n<\/td>\n

\n

\n 70.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.23<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Corporate, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 563.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 341.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (39.4)<\/span>\n <\/p>\n<\/td>\n

\n

\n (13.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (93.5)<\/span>\n <\/p>\n<\/td>\n

\n

\n (58.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.28)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.15)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Transaction-related costs<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.7<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.2<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n U.K.-related tax rate change<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19.3<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.09<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Corporate, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 563.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 341.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11.4)<\/span>\n <\/p>\n<\/td>\n

\n

\n (13.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (83.3)<\/span>\n <\/p>\n<\/td>\n

\n

\n (58.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.15)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.15)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Company, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a04,029.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 3,380.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 595.5<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0517.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,052.3<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 849.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 2.83<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 2.58<\/span>\n <\/p>\n<\/td>\n

\n

\n 10%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Company, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a04,024.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 3,479.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 666.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0568.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,092.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 928.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 3.18<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 2.84<\/span>\n <\/p>\n<\/td>\n

\n

\n 12%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Brokerage & Risk\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Management, as reported<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a03,465.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 3,039.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 634.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0530.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,145.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 907.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 3.11<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 2.73<\/span>\n <\/p>\n<\/td>\n

\n

\n 14%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Brokerage & Risk\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Management, as adjusted\u00a0 *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a03,461.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 3,138.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 677.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0581.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,176.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 986.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 3.33<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 2.99<\/span>\n <\/p>\n<\/td>\n

\n

\n 11%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n <\/p>\n

\n\n\n
\n

\n * <\/span>\n <\/p>\n<\/td>\n

\n

\n For the six-month period ended June 30, 2021, the pretax impact of the Brokerage segment adjustments totals $51.8\u00a0million, with a corresponding adjustment to the provision for income taxes of $11.9\u00a0million relating to these items.\u00a0 For the six-month period ended June 30, 2021, the pretax impact of the Risk Management segment adjustments totals $3.9\u00a0million, with a corresponding adjustment to the provision for income taxes of $0.9\u00a0million relating to these items.\u00a0 The pretax impact of the Corporate segment adjustments totals $10.2\u00a0million, with a corresponding adjustment to the benefit for income taxes of $(17.8)\u00a0million relating to this item and the U.K. tax item noted on page\u00a08.\u00a0 A detailed reconciliation of the 2021 and 2020 provision (benefit) for income taxes is shown on pages\u00a014 and 15.\u00a0 <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

(2 of 15)<\/p>\n

\n Termination of Agreement to Acquire Certain Willis Towers Watson plc Brokerage Operations<\/b>\n <\/p>\n

As we previously disclosed on July\u00a026, 2021, our May\u00a012, 2021 agreement to acquire certain Willis Towers Watson<\/span> plc brokerage operations was terminated as a result of Aon plc and Willis Towers Watson<\/span> plc terminating their combination.\u00a0 In conjunction with the termination of this agreement, we exercised the special optional redemption feature of our $650\u00a0million tranche of 10-year senior notes issued on May\u00a020, 2021.\u00a0 These notes will be redeemed on August\u00a013, 2021. \u00a0<\/p>\n

\n
\n $1.5 Billion<\/span> Share Repurchase Program <\/b>\n <\/p>\n

Today we also announced our Board of Directors authorized the repurchase of up to $1<\/span>.5\u00a0billion of common stock under a new share repurchase plan. This repurchase plan replaces our prior repurchase program, of which approximately $1<\/span>.0\u00a0billion remained.<\/p>\n

Repurchases of common stock may be effected from time to time through open market purchases, trading plans established in accordance with the U.S. Securities and Exchange Commission’s rules, accelerated stock repurchases, private transactions or other means, depending on satisfactory market conditions, applicable legal requirements and other factors. \u00a0The repurchase plan has no expiration date and we are under no commitment or obligation to repurchase any particular amount of our common stock under the plan.\u00a0 At our discretion, we may suspend the repurchase plan at any time.<\/p>\n

\n Impact of COVID-19 Pandemic Recovery<\/b>\n <\/p>\n

Relative to second quarter 2020, during the second quarter 2021:<\/p>\n