Revenue and profits up in Gallagher's broker business in 2021
Simon Matson, CEO, Europe, Middle East and Asia says Gallagher's UK Retail business saw 7% organic growth as he reveals the business will continue to look for M&A opportunities in the UK.
Gallagher has reported rising revenue in its brokerage division to $5.97bn (£4.46bn) for the full year 2021, compared to $5.17bn last year.
Profit for this segment also increased to $1.02bn (2020: $866.0m) while Ebitdac rose to $1.96bn in 2021, up from $1.60bn in 2020.
Meanwhile, revenue in Gallagher’s risk management segment increased to $967.6m (2020: $821.7m) and total revenue for the whole business was $8.08bn, compared to $6.85bn last year.
Acquisitions
According to the results statement
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