Q4 2019 Earnings Call

Good afternoon, and welcome to Arthur J., Gallagher and company's fourth quarter 2019 earnings Conference call.

Participants have been placed on a listen only mode.

Your lines will be open for questions following the presentation.

Today's call is being recorded.

If you have any objections you may discuss.

At this time.

Some of the comments made during this conference call, including answers given in response to questions May constitutes may constitute forward looking statements with the meaning of the securities laws.

These forward looking statements are subject to certain risk and uncertainties discussed on this call or described in the Companys reports filed with the Securities and Exchange Commission.

Actual results may differ materially from those discuss today and the company undertakes no obligation to update these statements.

In addition for reconciliations of the non-GAAP measures discussed on this call as well as other information regarding these measures. Please refer to the earnings release and other materials in the Investor Relations section of the company's website.

It is now my pleasure to introduce J., Patrick Gallagher, Chairman, President and CEO of Arthur J. Gallagher and company Mr. Gallagher you may begin.

Thank you very much good afternoon. Thank you for joining us for our fourth quarter and full year 2019 earnings call with me today, as Doug and all our Chief financial officers falls the heads of our operating divisions.

We finished 2019 on a high note the brokerage and risk management teams delivered outstanding results on all measures in the quarter, we combine to post 17% growth and well in revenue, 5.8% all in organic growth expanded margins 134 basis point.

And we completed 11 mergers during the quarter, representing about $117 million of annualized revenue.

This caps off an excellent full year, where our combined brokerage and risk management teams posted 14% growth in revenue, 5.6% all inorganic growth expanded margins 76.