Welcome to our dedicated page for Arthur J. Gallagher & Co news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co stock.
Arthur J. Gallagher & Co. (NYSE: AJG) is a global leader in insurance brokerage and risk management services, serving clients across 130+ countries. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and market positioning.
Access timely AJG press releases covering earnings reports, merger & acquisition activity, leadership changes, and regulatory filings. Our curated collection simplifies tracking of the company’s expansion in wholesale brokerage, employee benefits consulting, and specialty risk solutions.
Key updates include operational milestones, partnership announcements, and industry recognition relevant to Gallagher’s core segments: retail/wholesale brokerage, risk management services, and consulting operations. Stay informed about strategic acquisitions that enhance the company’s global capabilities in property/casualty insurance and alternative risk transfer markets.
Bookmark this page for direct access to primary source materials and analysis-neutral reporting on AJG’s financial performance and corporate governance. Regularly updated to serve as your definitive resource for understanding Gallagher’s market position in the evolving insurance sector.
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Arthur J. Gallagher & Co. announced the acquisition of Horak Insurance, Inc., a retail property/casualty insurance agency in Iowa. The terms of the transaction were not disclosed. This acquisition provides significant growth opportunities for the business in Iowa. The company is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries worldwide. The acquisition is expected to have a positive impact on the company's operations and expansion in the Midwest region.
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Cadence Bank (NYSE: CADE) announced strong financial results for the quarter and year ended December 31, 2023. The company achieved net income of $532.8 million and reported adjusted net income of $401.2 million from continuing operations. The sale of Cadence Insurance to Arthur J. Gallagher & Co. generated approximately $620 million in net capital creation. The company executed a securities portfolio restructuring, improving net interest margin and profitability. The company reported quarterly net income of $256.7 million and adjusted net income of $72.7 million. The net interest margin improved to 3.04% from 2.98% for the third quarter of 2023. Total loans remained flat at $32.5 billion, while deposit balances increased by $161.3 million. The Common Equity Tier 1 ratio improved by 130 basis points to 11.6%, and the Total Capital ratio improved by 140 basis points to 14.3%. The company's strong balance sheet liquidity was maintained with a loan-to-deposit ratio of 84.4% at December 31, 2023.
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Arthur J. Gallagher & Co. has acquired Forest Insurance Facilities, a commercial lines wholesale insurance broker and managing general agency (MGA) serving clients throughout Louisiana. The terms of the transaction were not disclosed. This acquisition will enhance Gallagher's wholesale capabilities in the region, and the Forest Insurance Facilities team will continue to operate under the direction of Laura Allen, head of RPS's Southeast region binding operations.
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Arthur J. Gallagher & Co. (AJG) reported its Q4 2023 financial results, showing a 20% revenue growth in core brokerage and risk management segments. The company completed 14 new mergers with estimated annualized revenues of $410 million. Global primary P/C renewal premium increases were around 8.5%, and the US labor market showed continued growth. The CEO expressed satisfaction with the company's 2023 performance.
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Arthur J. Gallagher & Co. (AJG) has announced a 60 cents per share quarterly cash dividend, a $0.05 increase over the prior quarter's dividend. The dividend will be payable on March 15, 2024, to Stockholders of Record as of March 1, 2024. Gallagher is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries worldwide.
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Arthur J. Gallagher & Co. has acquired The Rowley Agency, LLC, a retail insurance broker based in Concord, New Hampshire. The terms of the acquisition were not disclosed. The Rowley Agency provides property/casualty, surety, and employee benefits products to clients in New Hampshire, Vermont, Maine, and Massachusetts. The acquisition is expected to enhance Gallagher's capabilities in construction, manufacturing, and healthcare niches in New England.
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Arthur J. Gallagher & Co. has announced the acquisition of MGB Re, a Toronto-based reinsurance company specializing in the U.S. medical sector. The terms of the transaction were not disclosed. The acquisition is expected to accelerate the growth of Gallagher Re's medical reinsurance business and expand its service offerings. The leadership team of MGB will operate under the direction of Gallagher Re's Eastern Region Manager and Life, Accident and Health Segment Leader. The company operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
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Arthur J. Gallagher & Co. (NYSE:AJG) announces acquisition of UK-based MCMM Services Limited, expanding education specialist capabilities. The terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence insurance to UK state schools and academies. Les Marshall and his team will operate as part of Gallagher's education practice under the leadership of Tim Devine, Regional Managing Director.
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Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Cologne, Germany-based Köberich Financial Lines, an insurance broker specializing in financial lines products. The terms of the transaction were not disclosed. This acquisition is a strategic fit for Gallagher as they continue to expand in Europe, complementing their existing financial lines expertise. The company operates in approximately 130 countries worldwide and provides insurance brokerage, risk management, and consulting services.
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Arthur J. Gallagher & Co. (NYSE: AJG) will release its fourth quarter 2023 earnings after the market closes on Thursday, January 25, 2024. J. Patrick Gallagher, Jr., Chairman and CEO, will host a conference call on the same day at 5:15 pm ET/4:15 pm CT. Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, providing services in approximately 130 countries.
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Arthur J. Gallagher & Co
NYSE:AJG
AJG Rankings
AJG Stock Data
84.19B
253.00M
0.99%
93.46%
1.53%
Insurance Brokers
Insurance Agents, Brokers & Service
United States
ROLLING MEADOWS