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Arthur J. Gallagher & Co. (NYSE: AJG) is a leading global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois. With operations across approximately 130 countries, Gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. Additionally, they offer claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services.
Gallagher helps clients address risk, protect assets, and recover from losses, ensuring businesses and institutions continue running smoothly and individuals and families can rebuild their lives. The company’s primary revenue source is its brokerage segment, which negotiates and places its customers with insurance companies providing, among other types, property/casualty and health insurance. Gallagher’s brokerage revenue mainly comes from commissions paid by insurance companies.
Arthur J. Gallagher & Co. is recognized as a World's Most Ethical Company by the Ethisphere Institute. They generate most of their revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
Recent achievements include several strategic acquisitions to expand their market capabilities and service offerings. In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services, enhancing their presence in the agricultural and real estate markets. Additionally, they renewed their global partnership with Special Olympics International, demonstrating their commitment to promoting inclusion and supporting athletes worldwide.
Gallagher's financial condition remains robust, as evidenced by their strong first-quarter performance in 2024. They reported substantial revenue growth and improved net earnings, driven by increased demand for insurance and reinsurance services and successful integration of recent acquisitions.
For the latest updates and news, investors can visit Gallagher's website or contact their Investor Relations and Communications teams.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Agilis Partners , a Waltham, Massachusetts-based investment and retirement plan consulting firm. Agilis specializes in providing institutional clients with tailored risk management services through offices in greater Boston, New York, and Denver.
The acquisition will strengthen Gallagher's retirement plan and investment consulting capabilities. Tom Cassara and his team will continue operating from their current locations under Jeff Leonard, Gallagher's Global Financial & Retirement Services Business leader. Financial terms of the transaction were not disclosed.
Gallagher, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Syracuse-based Dominick Falcone Agency and Falcone Associates. The acquired companies specialize in property/casualty insurance for commercial and personal clients in central New York, along with employee benefits services.
The existing team, including Michael Lavalle, David MacLachlan, Renee Guariglia, and Chris Marshall, will maintain their current location, operating under Gallagher's Northeast region leadership. The acquisition aims to strengthen Gallagher's retail brokerage capabilities in central New York. Financial terms were not disclosed.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with presence in approximately 130 countries through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) announced that its subsidiary, Gallagher Bassett, has acquired W K Webster & Co , a specialist in marine and transit claims management. W K Webster, headquartered in London with offices in Singapore, the United States, and the Netherlands, provides comprehensive services to insurers and self-insured corporations globally.
The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under Manan Sagar's direction, who heads Gallagher Bassett's Europe, Middle East and Asia operations. The financial terms of the transaction were not disclosed.
This acquisition strengthens Gallagher Bassett's specialty capabilities globally in the marine and transit claims services sector.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong Q4 2024 financial results, with total revenue reaching $2.68 billion. The company's core brokerage and risk management segments delivered their 16th consecutive quarter of double-digit revenue growth, including 7% organic revenue growth.
Key Q4 2024 highlights:
- Net earnings: $258.2 million vs -$39.6 million in Q4 2023
- Adjusted EBITDAC: $805.0 million, up 17% from Q4 2023
- Diluted earnings per share: $1.12 vs -$0.15 in Q4 2023
- Adjusted diluted earnings per share: $2.13 vs $1.82 in Q4 2023
The company completed 20 new mergers in Q4, bringing the 2024 total to 48 mergers with $387 million in estimated annualized revenue. In December, AJG announced the acquisition of AssuredPartners for $13.45 billion, funded through $8.5 billion in common stock offering and $5.0 billion in senior notes.
Arthur J. Gallagher & Co. (NYSE: AJG) has announced an increase in its quarterly cash dividend to $0.65 per share, representing a $0.05 increase from the previous quarter. The dividend will be payable on March 21, 2025, to stockholders of record as of March 7, 2025.
The company, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, operates in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Wealth Management Partners Pty (WMP), a Perth-based financial planning firm specializing in retirement plan risk management. The acquisition strengthens Gallagher's financial wellbeing consulting capabilities in Australia.
WMP's current team, including Steve Beattie, Troy Hartley, Janusz Mazurek, and Adrian Whitaker, will continue operating from their existing location under Graham Campbell's leadership, who heads Gallagher's employee benefits and HR consulting operations in Australia. The financial terms of the transaction were not disclosed.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries worldwide through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE: AJG) has announced it will release its fourth quarter 2024 earnings after market close on Thursday, January 30, 2025. The company's Chairman and CEO, J. Patrick Gallagher, Jr., will host a conference call at 5:15 pm ET/4:15 pm CT on the same day.
The earnings conference call will be broadcast live through Gallagher's website, with a replay available approximately two hours after the broadcast in the Investor Relations section under Events & Presentations. The global insurance brokerage, risk management and consulting services firm operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Encore Insurance Services Inc. (Encore Group), a Waterloo, Ontario-based retail insurance brokerage firm. The acquired company specializes in serving commercial clients in Ontario, with particular focus on manufacturing, construction, and financial institutions sectors.
Following the acquisition, Encore Group's leadership team, including Joe Dalton and Scott Heaman, will continue operating from their current location under Dave Partington's direction, who heads Gallagher's Canadian retail property/casualty brokerage operations.
While the financial terms remain undisclosed, this strategic acquisition aligns with Gallagher's expansion in Canada, complementing their existing retail brokerage capabilities. As a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, Gallagher maintains operations in approximately 130 countries worldwide through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of BMR Insurance, a Tustin, California-based retail insurance agency. BMR Insurance, operating as Murray Gardner Insurance Agency Inc., serves commercial and personal lines clients primarily in Southern California.
The BMR team, led by Gary Arch, will maintain their current location under Scott Firestone's direction, who heads Gallagher's Southwest region retail property/casualty brokerage operations. Chairman and CEO J. Patrick Gallagher, Jr. highlighted the cultural alignment between the companies and welcomed the expansion of their retail brokerage capabilities in Southern California.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm across approximately 130 countries. Financial terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Afina Insurance Advisors Inc., a property/casualty insurance broker based in Oakbrook Terrace, Illinois, serving the greater Chicago area. The financial terms were not disclosed. George Van Denend and his team will maintain their current location, operating under Ryan Isaacs, who heads Gallagher's Midwest region retail property/casualty brokerage operations.
The acquisition aims to complement Gallagher's existing retail brokerage capabilities in the Chicago area through Afina Insurance's niche expertise. Gallagher currently provides insurance brokerage, risk management, and consulting services across approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
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