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Exhibit 99.1 
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Investment Presentation
FEBRUARY 2016
Information Regarding Forward-Looking Statements
This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words “anticipates,” “believes,” “contemplates,” “see,” “should,” “could,” “will,” “estimates,” “expects,” “intends,” “plans” and variations thereof and similar expressions, are intended to identify forward-looking statements. Examples of forward-looking statements in this presentation include, but are not limited to, statements regarding: (i) improvements in our new business production; (ii) “tuck-in” M&A activity; (iii) global brand recognition; (iv) completion of large UK M&A integration efforts; (v) the leveraging of internal resources across divisions and borders; (vi) our status as the premier provider of claims management services; (vii) our global presence in the claims space; (viii) our ability to stay in front of improvements in technology; (ix) commercial P&C pricing; (x) drivers and expected levels of our organic growth; (xi) future M&A opportunities, including bolt-on acquisitions to our international “platforms”; (xiii) increasing productivity and quality; (xiv) our management team; (xv) our use of leverage; (xvi) our balance sheet; and (xvii) our total shareholder return. Important factors that could cause actual results to differ materially from those in the forward-looking statements include: declines in premiums or other adverse trends in the insurance industry; an economic downturn; competitive pressures in our businesses; failure to successfully or cost-effectively integrate recently acquired businesses; risks to our acquisition strategy, including continuing consolidation in our industry and increased interest in acquiring insurance brokers by private equity firms; our failure to attract and retain key executives and other personnel; risks arising from our international operations, including political and economic uncertainty and regulatory and legal compliance risk; concentration of large amounts of revenue with certain clients in our risk management segment; failure to apply technology effectively in our businesses; business continuity and cybersecurity risks; damage to our reputation; and failure to comply with regulatory requirements, including the FCPA, other anti-corruption laws, and data privacy laws.
Please refer to Gallagher’s filings with the SEC, including Item 1A, “Risk Factors,” of its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 for a more detailed discussion of these and other factors that could impact its forward-looking statements.
Information Regarding Non-GAAP Measures
This presentation includes references to Adjusted EBITDAC, Adjusted EBITDAC margin, Adjusted Revenues, Adjusted Operating Expense Ratio and Organic Growth, which are measures not in accordance with, or an alternative to, the GAAP information provided herein.
Earnings Measures—Gallagher believes that each of Adjusted EBITDAC and Adjusted EBITDAC margin, as defined below, provides a meaningful representation of its operating performance and improves the comparability of Gallagher’s results between periods by eliminating the impact of certain items that have a high degree of variability.
Adjusted EBITDAC is defined as earnings from continuing operations before interest, income taxes, depreciation, amortization and the change in estimated acquisition earnout payables (EBITDAC), further adjusted to exclude gains realized from sales of books of business, acquisition integration costs, earnout related compensation charges, workforce related charges, lease termination related charges, client run-off/bankruptcy impact, South Australia and claim portfolio transfer ramp up fees/costs, acquisition related adjustments and the period-over-period impact of foreign currency translation, as applicable.
Adjusted EBITDAC margin is defined as Adjusted EBITDAC divided by Adjusted Revenues (defined below).
The most directly comparable GAAP measure for these non-GAAP earnings measures is net earnings. For the Brokerage Segment, the Risk Management Segment, and the two segments on a combined basis, net earnings was $139 million, $35 million and $174 million, respectively, in 2011, $156 million, $43 million and $199 million, respectively, in 2012, $205 million, $48 million and $253 million, respectively, in 2013, $264 million, $42 million and $306 million, respectively, in 2014 and $268 million, $57 million and $325 million, respectively, in 2015.
Revenue and Expense Measures—Gallagher believes that Adjusted Revenues and Adjusted Operating Expense Ratio, each as defined below, provides stockholders and other interested persons with useful information that will assist such persons in analyzing Gallagher’s operating results as they develop a future outlook for Gallagher. Gallagher believes that Organic Growth provides a comparable measurement of revenue growth that is associated with the revenue sources that will be continuing in 2016 and beyond. Gallagher has historically viewed organic revenue growth as an important indicator when assessing and evaluating the performance of its Brokerage and Risk Management segments. Gallagher also believes that using this measure allows financial statement users to measure, analyze and compare the growth from its Brokerage and Risk Management segments in a meaningful and consistent manner.
Adjusted Revenues is defined as revenues, adjusted to exclude gains realized from sales of books of business, New Zealand earthquake claims administration fees, South Australia ramp up fees and the impact of client bankruptcy.
Adjusted Operating Expense Ratio is defined as operating expense, adjusted to eliminate lease termination and abandonment charges, acquisition related adjustments and integration costs, costs related to New Zealand earthquake claims administration, South Australia and claim portfolio transfer ramp up costs, and the impact of foreign currency translation, as applicable, divided by Adjusted Revenues.
Organic Growth is defined as organic change in commission and fee revenues (including supplemental and contingent commissions), and excludes the first twelve months of net commission and fee revenues generated from acquisitions accounted for as purchases and the net commission and fee revenues related to operations disposed of in each year presented. These commissions and fees are excluded from organic revenues in order to help interested persons analyze the revenue growth associated with the operations that were a part of Gallagher in both the current and prior year. In addition, change in organic growth excludes the period-over-period impact of foreign currency translation. The amounts excluded with respect to foreign currency translation are calculated by applying 2015 foreign exchange rates to the same periods in 2014.
The most directly comparable GAAP measure for Adjusted Revenues and Organic Growth is reported revenues. For the Brokerage Segment, reported revenues were $533 million, $679 million, $783 million, $863 million, $946 million, $1,007 million, $1,114 million, $1,188 million, $1,276 million, $1,329 million, $1,544 million, $1,812 million, $2,126 million, $2,896 million, and $3,324 million in 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 and 2015, respectively. For the Risk Management Segment, reported revenues were $682.3 million and $727.1 million in 2014 and 2015, respectively. The most directly comparable GAAP measure for Adjusted Operating Expense Ratio is reported operating expense, which was $247 million and $638 million in 2008 and 2015, respectively, for the Brokerage Segment and $126 million and $181 million in 2008 and 2015, respectively, for the Risk Management Segment.
Reconciliations – For other reconciliations, please see the appendix at the back of this presentation and the examples set forth in “Reconciliation of Non-GAAP Measures and supplemental quarterly financial data “ on Gallagher’s Web site at ajg.com/IR.
Who We Are
Founded in 1927
Public since 1984 – 32 years ago
One of the World’s Leading Insurance Brokers *
World’s largest P&C third-party administrator *
KEY FACTS
680+
Sales/Service Offices –
31 Countries
$4.0+B
2015 Total Adjusted Revenues**
21,537
Employees
$230.8M
Acquired Revenues – 2015
KEY SHAREHOLDER DATA
4.0%
Dividend Yield at January 28, 2016
$49.59 Hi $37.03 Lo
52-Week Range***
$6.7B
Market Cap***
$0.38
2016 Q1 Dividend/Share at January 28, 2016
176.9M
Outstanding Shares
AJG
NYSE
As of December 31, 2015 unless otherwise indicated.
* | | According to Business Insurance. |
**Brokerage and Risk Management adjusted revenue for the year ended December 31, 2015 *** as of January 15, 2016
Snapshot of Core Operations
BROKERAGE SEGMENT
RISK MANAGEMENT
SEGMENT
82% of revenue*
We sell insurance and consult on insurance programs
P&C and benefits
Retail and wholesale
Primarily middle-market commercial clients and individuals
77% of revenue* is commissions – 23% is fee-based
18% of revenue*
We adjust claims and help companies and carriers reduce their losses
Workers compensation, liability, managed care, property and auto
Modest amount of storm/quake claims
Primarily Fortune 1000 clients
90% of revenue* from non-affiliated brokerage customers and their clients
*Brokerage and Risk Management adjusted revenue for the year ended December 31, 2015.
Diverse Revenue Base
BROKERAGE*
RETAIL P/C
59%
RETAIL BENEFITS
24%
WHOLESALE
17%
RISK MANAGEMENT*
WORKERS COMPENSATION
69%
LIABILITY
27%
PROPERTY
4%
*Brokerage and Risk Management adjusted revenue for the year ended December 31, 2015.
DOMESTIC
64%
INTERNATIONAL
36%
DOMESTIC
81%
INTERNATIONAL
19%
Brokerage Segment – 2015
ADJUSTED REVENUES
$3,500 $3,000 $2,500
$2,795
2014
19%
$3,317
2015
TOTAL ORGANIC GROWTH
8.0%
6.0%
4.0%
2.0%
4.3%
2014
3.6% 2015
ADJUSTED EBITDAC
$1,000 $900 $800 $700
$600
(in $M)
$710
2014
22%
$867
2015
ADJUSTED EBITDAC MARGIN
27.0% 26.0% 25.0% 24.0% 23.0%
25.4%
2014
26.1%
2015
See important disclosures regarding Non-GAAP measures on Page 3.
Risk Management Segment – 2015
ADJUSTED REVENUES
$750 $725 $700 $675 $650 $625
$660
2014
10%
$728
2015
TOTAL ORGANIC GROWTH
13.0% 11.0% 9.0% 7.0% 5.0%
9.5%
2014
11.3%
2015
ADJUSTED EBITDAC
$140 $130 $120 $110 $100
$90
(in $M)
$107
2014
18%
$126
2015
ADJUSTED EBITDAC MARGIN
20.0% 18.0% 16.0% 14.0% 12.0%
16.1%
2014
17.3%
2015
See important disclosures regarding Non-GAAP measures on Page 3.
Brokerage & Risk Management Combined – 2015
ADJUSTED REVENUES
$4,400 $4,000 $3,600 $3,200 $2,800
$3,455
2014
17%
$4,045
2015
TOTAL ORGANIC GROWTH
7.0% 6.0% 5.0% 4.0% 3.0% 2.0%
5.5%
2014
5.1%
2015
ADJUSTED EBITDAC
$1,200 $1,100 $1,000 $900 $800 $700 $600
(in $M)
$816
2014
22%
$993
2015
ADJUSTED EBITDAC MARGIN
26.0% 25.0% 24.0% 23.0% 22.0% 21.0% 20.0%
23.6%
2014
24.5%
2015
See important disclosures regarding Non-GAAP measures on Page 3.
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Adjusted Net Earnings from Clean Energy Investments
$120.0 $110.0 $100.0 $90.0 $80.0 $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0
-$10.0
(in $M)
-$4.8
2009
$7.5
2010
$3.9
2011
$32.7
2012
$63.7
2013
$90.5
2014
$100.9
2015
Excludes non-cash after tax gains of $14.1m and $5.8m from re-consolidation accounting gains related to clean-energy investments recorded in first quarters of 2014 and 2013, respectively.
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Dividends Per Share
$1.52*
$1.60
$1.40
$1.20
$1.00
$0.80
$0.60
$0.40
$0.20
$0.00
1984
2016
*Indicated – On January 28, 2016, Gallagher’s Board of Directors declared a $.38 per share first-quarter 2016 dividend.
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2015 Business Highlights
Brokerage & Risk Management growth:
17% adjusted revenue growth
22% adjusted EBITDAC growth
92 bps margin improvement
5.1% total organic growth
M&A growth: $230.8m in acquired revenues
WGA—New England Platform
+43 additional—avg $3.6m in revenue
Returning to tuck-in opportunities
Clean energy growth:
$100.9m of adjusted net earnings
12% increase in adjusted net earnings over 2014
Additional 2 facilities to long-term production contracts
All while accomplishing:
Global M&A integration
Completed Australia/New Zealand & Canada
Combining 4 U.K. brokers expected to finish in 2016
Top 5 broker in the U.K.
U.S. retail–one agency system
See important disclosures regarding Non-GAAP measures on Page 3 and Page 10.
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Where We’re Going
BROKERAGE SEGMENT
RISK MANAGEMENT
SEGMENT
Improving new business production
Continuing tuck-in M&A
Increasing global brand recognition
Completing large U.K. M&A integration
Leveraging internal resources across divisions
To be premier provider of claims management services with superior outcomes
Increasing global presence in claims space
U.S. clients with global operations
Expanding via M&A/new partners Staying in front of improving technology Increasing brand recognition globally Leveraging resources across borders
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Indicators for U.S. P/C Carriers – Shallow Rate Environment
COMBINED RATIOS
120 115 110 105 100 95 90
118.3
93.8
97.0
PREMIUM/STATUTORY SURPLUS
1.6x
1.4x
1.2x
1.0x
0.8x
0.6x
Source for calendar year combined ratio data: AM Best. Using 9 month 2014 data as of 01/29/15. 2012 and prior excludes certain large mortgage insurance and personal lines companies.
Source for data : Total US P/C Industry from Best’s Statement File P/C US for 2001 – 2013. and Quarterly Statement File for 9 months 2014
(annualized). Prior to 2001, sources are A.M. Best and ISO via the Insurance Information Institute.
INVESTMENT YIELDS
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
STATUTORY SURPLUS
$800 $700 $600 $500 $400 $300 $200 $100
Source for data : Total US P/C Industry from Best’s Statement File P/C US for 2001 – 2013. and Quarterly Statement File for 9 months 2014 (annualized) as of 01/29/2015. Prior to 2001, sources are A.M. Best and ISO via the Insurance Information Institute.
($Billions)
Source for data : Total US P/C Industry from Best’s Statement File P/C US for 2004 – 2013 and Quarterly Statement File for 9 months 2014 as of 0/29/15. Prior to 2004, sources are A.M. Best and ISO via the Insurance Information Institute.
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Commercial P&C Pricing Shows Shallow Cycle
160 150 140 130 120 110 100 90 80
CPI 136
Rates 96
Commercial Rate Index reflects the cost of P&C premiums relative to the year 2000. Constructed using Counsel of Insurance Agents and Brokers (CIAB) data. CPI index uses data from the Bureau of Labor Statistics.
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Shows Shallow Pricing Cycle
6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% -4.0%
5.2%
5.0%
4.4% 4.3% 4.3%
3.9%
3.4%
2.7%
2.1%
1.5%
0.9%
0.1%
-0.1%
-0.5%
-0.7%
-2.3%
-2.9% -2.8% -3.1% -3.3%
CIAB—Change in Average Commercial Rates
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Gallagher Sales Culture Performs Through Any Pricing Cycle
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0%
Gallagher Organic CIAB—Change in Avg. Commercial Rates
Hard Market Soft Market Shallow Market
19.8%19.8% 16.0% 14.0% 10.0%
AJG
5.6% Organic
5.0%
8.1% 4. 4% 3.8% 3.8%
3.1%
2.0% 2.0% 2.0%
4.4%
-0.8% 3.8%
-2.4% -1.7%
0.2%
0.1%
CIAB
-4. 1%
-5.2% -5.4% -2.9% -5.6% -8.0% -11.0% -12.1%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
CIAB is the 4 quarter average. Gallagher’s Brokerage Segment Organic Growth excluding Contingent Commissions.
See important disclosures regarding Non-GAAP measures on Page 3.
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Shallow Rate Cycle Is Better for:
CLIENTS
CARRIERS
& BROKERS
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How We’re Getting There-Consistent Growth Strategy
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Consistent Growth Strategy – Organic
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Driving Brokerage Organic Growth
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Niche Expertise Teams – Brokerage
Agribusiness Automotive
Aviation & Aerospace Construction Energy Entertainment Environmental Global Risks Healthcare Higher Education Hospitality Life Sciences Life Solutions
Manufacturing Marine Personal Private Equity Professional Groups Public Entity Real Estate Religious/Nonprofit Restaurant Scholastic Technology/Telecom Trade Credit/ Political Risk Transportation
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Driving Risk Management Organic Growth
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Risk Mgmt Growth Focuses on Four Market Segments
PUBLIC SECTOR ALTERNATIVE ENTITIES MARKET
PARTICIPANTS
LARGE
INSURANCE COMMERCIAL
CARRIERS ENTITIES
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Consistent Growth Strategy – M&A
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2015 –Acquisition Revenue Growth
900 800 700 600 500 400 300 200 100 0
Domestic Property & Casualty Employee Benefits
Foreign Property & Casualty Risk Management
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Annualized Revenues Acquired (in $M’s)
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M&A Opportunities Continue
Vast Pipeline
Domestic and international markets highly fragmented
18,000+ agents/ brokers just in the U.S.
Baby boomers looking for exit strategy
Need Gallagher’s expertise
Acquisition Units
Retail P&C Wholesale Benefits International MGA MGU Captive
Limited Consolidators
Core Competency
Culture Proven history Ability to integrate
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Platforms In Place for Bolt-on M&A
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International Correspondent Broker Network
Client Capabilities in 150 Countries
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Productivity and Quality Initiatives
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Focus Continues:
Optimizing Productivity & Quality
Utilizing
Controlling Offshore Headcount Centers of Excellence
Leveraging Utilizing Sales Force Sourcing to Management Manage Tools Expenses
Building Investing in Productivity Business Tools – DMS Intelligence Workflow
Optimizing Standardizing Real Estate Processes and Footprint Systems
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Benefits Continue:
From Offshore Centers of Excellence
Reduce Costs
Foster Innovation
Increase Speed to Market
Focus on Core
Improve
Quality
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Client-Facing Efforts
BUILDING CLIENT SERVICE OPERATIONS
Process and deliver consistent client service
Technology and tools improve operating efficiencies
Staffed by dedicated service professionals that:
Generate client applications and proposals Handle client requests Manage renewal cycles
Improves turn-around time on client requests
Supports production teams
Can still customize for niche practice areas
Easily integrated for new acquisition partners to utilize
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Behind the Scenes Efforts
OFFSHORE CENTERS OF EXCELLENCE UPDATE
We now have more than 2,400 associates in four locations
Utilized for processes such as:
Policy checking Policy issuance Certificates of insurance Renewal support Claims support Accounting support
Substantially improved quality and reduced both operating and E&O costs
Easy for new acquisition partners to utilize
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Quality Metrics on Target
EFFICIENCY IMPROVEMENTS
Reduced policy delivery from 30 to 10 days
Reduced certificate of insurance delivery expense by 20+%
Standardized policy issuance for top 30 carriers and reduced issuance time from 12 to 3 days
Single agency management system and standardized processes across the network
Offloaded routine work such as ordering reports, filing forms and paying bills from experienced Claims Adjusters to COE staff
Centralized billing to clients – previously done in 90 locations – thereby reducing costs
Consolidated 5 regional accounting centers to 1 divisional accounting center in Itasca
DRIVE QUALITY AND SERVICE
Achieved 99% quality rate
Improved quality rate to 99.5% and reduced delivery time from 2 hours to 1 hour
Improved carrier and retailer satisfaction
Real-time, up-to-date, quality client data in single repository for 24/7 producer access
Allows Claims Adjusters to focus on timely and cost effective resolution of open claims
Improved accuracy, speed and cash flows
Standardizes and automates data processes, improves report timing, reduces errors, and generates savings on resources
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Reduced Adjusted Operating Expense Ratio
BROKERAGE
22.0% 21.0% 20.0% 19.0% 18.0% 17.0% 16.0%
20.8%
2008
17.3%
2015
RISK MANAGEMENT
28.0% 27.0% 26.0% 25.0% 24.0% 23.0%
27.0%
2008
24.4%
2015
See important disclosures regarding Non-GAAP measures on Page 3.
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Brokerage & Risk Mgmt Adjusted EBITDAC Margin
25.0%
24.0%
23.0%
22.0% 21.0% 20.0% 19.0% 18.0%
20.4% 21.2% 22.1% 23.6% 24.5%
2011 2012 2013 2014 2015
See important disclosures regarding Non-GAAP measures on Page 3.
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Ranked “Highest in Customer Satisfaction among Brokers for Large Commercial Insurance“1
SM
According to the 2015 Large Commercial Insurance Study conducted by J.D. Power and in partnership with RIMS, Arthur J. Gallagher & Co. ranked highest in customer satisfaction among brokers in the large commercial insurance space. The study focused on 8 factors of customer satisfaction, and Arthur J. Gallagher & Co. scored
1
highest in 6 of the 8 factors.
Gallagher scored highest in the following factors1:
Quality of advice/guidance provided
Reasonableness of fees
Ease of the renewal process
Variety of program offerings
Effectiveness of program review
Claims process
1Arthur J. Gallagher & Co. received the highest numerical score among brokers for large commercial insurance in the J.D. Power 2015 Large Commercial Insurance Study. Based on 1,285 responses measuring 5 brokers and experiences and perceptions of large commercial insurance insureds, surveyed in April-August 2015. Your experiences may vary. Visit jdpower.com.
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Relentless Focus on Quality and Customer Service
Voted Best UK Broker for Service – 2015
STRATEGIC RISK’S UK FTSE SURVEY
Best Companies for Leaders – 2015
CHIEF EXECUTIVE MAGAZINE
America’s Best Employers – 2015
FORBES MAGAZINE
Best TPA in Casualty Claims Handling – 2015
ADVISEN CLAIMS SATISFACTION SURVEY
UK Employee Benefits Consultancy of the Year – 2015
WORKPLACE SAVINGS AND BENEFITS MAGAZINE
Leadership 500 Excellence Award – 2015
HR.COM
Corporate Champion for Board Gender Balance – 2015
WOMEN’S FORUM OF NEW YORK
Best Mid-Sized Broker – 2014
REACTIONS MAGAZINE
Group Risk Adviser of the Year – 2014
AJG BENEFITS TEAM CORPORATE ADVISER
AJG Intl/OIM – MGA of the Year – 2014
INSURANCE POST
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Maintaining Culture
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Maintain Unique Culture
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One of the World’s Most Ethical Companies
as Recognized by Ethisphere four years in a row
Industry-leading commitment to ethics and dedication to integrity
Chosen for:
Promoting ethical business standards and practices
Exceeding legal compliance standards
Innovating to benefit the public Demonstrating that corporate citizenship is tied to company success
Only 145 organizations named worldwide
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Why Invest?
You believe our company has:
Right management Unique culture Proven growth strategy Continuing M&A opportunites
increasingng productivity Gallagher IS WELL positioned for future growth quality good use of leverage strong balance sheet
Excellent return to shareholders
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Why Invest? We Are Just Getting Started 352%
AJG
86%
S&P 500
Source for data: Bloomberg. Total returns from 1/1/2000 – 12/31/2015 include reinvestment of dividends.
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For Additional Information:
Marsha Akin
Director – Investor Relations Marsha_Akin@ajg.com
Phone: 630-285-3501
Appendix: EBITDAC and Organic Growth Reconciliations
Arthur J. Gallagher & Co.
Information Regarding Non-GAAP Measures—Year Ended December 31, 2015 and 2014
(Unaudited—in millions except percentage data)
Reconciliation of EBITDAC to Net Earnings
Net earnings
Provision (benefit) for income taxes Interest Depreciation Amortization
Change in estimated acquisition earnout payables
EBITDAC
2015 $ 268.1 145.3 — 54.4 237.3 41.1 $ 746.2
2014 $ 263.8 151.0 — 44.4 186.3 17.6 $ 663.1
Brokerage Segment Risk Management Segment Corporate Segment Total Company
2015 $ 57.2 35.1 24.3 3.0 (0.5) -$ 119.1
2014 $ 42.1 25.3 — 21.2 3.2 (0.1) $ 91.7
2015 $ 63.8 (276.0) 103.0 15.2 — -$ (94.0)
2014 $ 21.6 (212.3) 89.0 3.8 — -$ (97.9)
2015 $ 389.1 (95.6) 127.3 72.6 236.8 41.1 $ 771.3
2013 $ 327.5 (36.0) 89.0 69.4 189.5 17.5 $ 656.9
2014
$ 2,083.0
1,239.6 104.0 84.7 18.7 — (9.1) (25.8) (108.8) $ 3,386.3
2015
$ 2,338.7
1,416.7
125.5
93.7
15.6
(415.2)
-
(17.5)
-
$ 3,557.5
5.1%
2014
$ — 662.6 — — 18.7 — — (25.8) (21.8) $ 633.7
2015
$ — 710.9 — — 15.6 (3.9) — (17.5) -$ 705.1
11.3%
2014
$ 2,083.0
577.0 104.0 84.7 — — (9.1) — (87.0) $ 2,752.6
2015
$ 2,338.7
705.8 125.5 93.7 — (411.3) — — -$ 2,852.4
3.6%
Organic Revenues
Total Commissions and Fees
Commissions as reported Fees as reported
Supplemental commissions as reported Contingent commissions as reported International performance bonus fees Less commissions and fees from acquisitions
Less commissions and fees from disposed of operations Less fees from client run-off Levelized foreign currency translation Total organic commissions and fees
Total organic change in commissions and fees
Combined Brokerage & Risk Brokerage Segment Risk Management Segment Management Segments
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