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Arthur J. Gallagher & Co. NEWS RELEASE ARTHUR J. GALLAGHER & CO . ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS ROLLING MEADOWS , IL , April 29 , 2021 - Arthur J. Gallagher & Co. ( NYSE : AJG ) today reported its financial results for the quarter ended March 31 , 2021. Management will host a webcast conference call to discuss these results on Thursday , April 29 , 2021 at 5:15 p.m. ET / 4 : 15 p.m. CT . 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 . These documents contain both GAAP and non - GAAP measures . Investors and other users of this information should read carefully the section entitled “ Information Regarding Non - GAAP Measures " beginning on page 9 . Summary of Financial Results - First Quarter Revenues Before Reimbursements Net Earnings ( Loss ) Segment Brokerage , as reported 1st Q 21 1st Q 20 ( in millions ) 1st Q 21 1st Q 20 ( in millions ) EBITDAC 1st Q 21 1st Q 20 ( in millions ) Diluted Net Earnings ( Loss ) Per Share 1st Q 21 1st Q 20 Chg Net gains on divestitures Acquisition integration $ 1,610.2 $ 1,435.6 ( 4.1 ) $ 364.4 $ 311.4 $ 618.4 $ 477.9 $ 1.82 $ 1.61 ( 0.2 ) ( 3.2 ) ( 0.2 ) ( 4.1 ) ( 0.2 ) ( 0.02 ) 3.2 5.1 4.1 6.7 0.02 0.03 Workforce and lease termination 5.5 5.0 5.2 6.5 0.03 0.02 Acquisition related adjustments Levelized foreign currency 11.7 ( 2.1 ) 6.1 4.6 0.06 ( 0.01 ) translation 39.1 5.4 11.8 0.03 Brokerage , as adjusted 1,606.1 1,474.5 381.6 324.6 629.7 507.3 1.91 1.68 Risk Management , as reported 220.3 211.8 18.0 19.1 39.8 35.0 0.09 0.10 Workforce and lease termination 0.5 0.2 0.7 0.3 0.01 Acquisition related adjustments 1.8 ( 0.2 ) Levelized foreign currency translation 6.3 0.2 0.9 Risk Management , as adjusted 220.3 218.1 20.3 19.3 40.5 36.2 0.10 0.10 Corporate 302.1 181.8 11.3 24.9 ( 43.4 ) ( 23.0 ) 0.01 0.08 Total Company , as reported Total Company , as adjusted * $ 2,132.6 $ 1,829.2 $ 393.7 $ 355.4 $ 614.8 $ 489.9 $ 1.92 $ 1.79 7 % $ 2,128.5 $ 1,874.4 $ 413.2 $ 368.8 $ 626.8 $ 520.5 $ 2.02 $ 1.86 9 % Total Brokerage & Risk Management , as reported $ 1,830.5 $ 1,647.4 $ 382.4 $ 330.5 $ 658.2 $ 512.9 $ 1.91 $ 1.71 12 % Total Brokerage & Risk Management , as adjusted $ 1,826.4 $ 1,692.6 $ 401.9 $ 343.9 $ 670.2 $ 543.5 $ 2.01 $ 1.78 13 % For first quarter 2021 , the pretax impact of the Brokerage segment adjustments totals $ 21.8 million , with a corresponding adjustment to the provision for income taxes of $ 4.6 million relating to these items . For first quarter 2021 , the pretax impact of the Risk Management segment adjustments totals $ 3.1 million , with a corresponding adjustment to the provision for income taxes of $ 0.8 million relating to these items . A detailed reconciliation of the 2021 and 2020 provision ( benefit ) for income taxes is shown on pages 13 and 14 . ( 1 of 14 )