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Arthur J. Gallagher & Co. NEWS RELEASE ARTHUR J. GALLAGHER & CO . ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS ROLLING MEADOWS , IL , October 28 , 2021 - Arthur J. Gallagher & Co. ( NYSE : AJG ) today reported its financial results for the quarter ended September 30 , 2021. Management will host a webcast conference call to discuss these results on Thursday , October 28 , 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 10 . Summary of Financial Results - Third Quarter Revenues Before Segment Brokerage , as reported Net gains on divestitures Acquisition integration Workforce and lease termination Acquisition related adjustments Levelized foreign currency Diluted Net Earnings Reimbursements 3rd Q 21 3rd Q 20 ( in millions ) Net Earnings ( Loss ) EBITDAC 3rd Q 21 3rd Q 20 ( in millions ) 3rd Q 21 3rd Q 20 ( in millions ) ( Loss ) Per Share 3rd Q 21 3rd Q 20 Chg $ 1,499.7 $ 1,294.6 ( 4.3 ) $ 253.6 $ 206.7 $ 481.2 $ 411.2 $ 1.20 $ 1.05 ( 3.4 ) ( 3.4 ) ( 2.6 ) ( 4.3 ) ( 3.4 ) ( 0.02 ) ( 0.01 ) 4.6 4.6 5.8 6.1 0.02 0.02 3.3 9.2 3.9 12.0 0.01 0.05 22.5 18.5 5.8 5.7 0.11 0.09 translation 17.8 2.5 5.7 0.01 Brokerage , as adjusted * 1,495.4 1,309.0 280.6 238.9 492.4 437.3 1.32 1.21 Risk Management , as reported 248.0 202.7 22.0 18.8 43.7 38.2 0.10 0.09 Net gains on divestitures - Workforce and lease termination 4.0 0.9 4.5 1.1 0.02 0.01 Acquisition related adjustments ( 0.1 ) ( 0.5 ) 0.1 Levelized foreign currency translation 0.9 0.1 0.1 Risk Management , as adjusted * 248.0 203.6 25.9 19.3 48.3 39.4 0.12 0.10 Corporate , as reported 357.9 310.2 ( 37.0 ) ( 37.7 ) ( 51.5 ) ( 37.8 ) ( 0.24 ) ( 0.24 ) Loss on extinguishment of debt 12.2 0.06 Transaction - related costs 8.2 11.0 0.04 Income tax related Corporate , as adjusted Total Company , as reported Total Company , as adjusted 4.9 5.5 0.03 0.02 * 357.9 310.2 ( 11.7 ) ( 32.2 ) ( 40.5 ) ( 37.8 ) ( 0.11 ) ( 0.22 ) $ 2,105.6 $ 1,807.5 $ 238.6 $ 187.8 $ 473.4 $ 411.6 $ 1.06 $ 0.90 18 % $ 2,101.3 $ 1,822.8 $ 294.8 $ 226.0 $ 500.2 $ 438.9 $ 1.33 $ 1.09 22 % Total Brokerage & Risk Management , as reported $ 1,747.7 $ 1,497.3 $ 275.6 $ 225.5 $ 524.9 $ 449.4 $ 1.30 $ 1.14 14 % Total Brokerage & Risk Management , as adjusted $ 1,743.4 $ 1,512.6 $ 306.5 $ 258.2 $ 540.7 $ 476.7 $ 1.44 $ 1.31 10 % * For third quarter 2021 , the pretax impact of the Brokerage segment adjustments totals $ 34.0 million , with a corresponding adjustment to the provision for income taxes of $ 7.0 million relating to these items . For third quarter 2021 , the pretax impact of the Risk Management segment adjustments totals $ 5.3 million , with a corresponding adjustment to the provision for income taxes of $ 1.4 million relating to these items . The pretax impact of the Corporate segment adjustments totals $ 27.2 million , with a corresponding adjustment to the provision for income taxes of $ 1.9 million relating to these items and the U.K. tax item noted on pages 8 and 9. A detailed reconciliation of the 2021 and 2020 provision ( benefit ) for income taxes is shown on pages 14 and 15 . ( 1 of 15 )