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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.
On April 26, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) declared a regular quarterly cash dividend of $0.55 per share on its Common Stock. This dividend is set to be paid on June 16, 2023, to stockholders of record as of June 2, 2023. Headquartered in Rolling Meadows, Illinois, Gallagher operates globally, providing insurance brokerage, risk management, and consulting services in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.
Resolute Global Partners has launched Footprint, a groundbreaking reinsurance contract developed with Gallagher Re and Karen Clark & Company. This innovative solution addresses longstanding issues in the reinsurance industry, such as trapped capital, pricing uncertainty, and non-modeled risks. Footprint can be applied to various natural disasters, initially focusing on severe convective storms, which are notable for their high costs to insurers. The contract features rapid claim settlements within 30 days and automatic commutation after contract maturity. This product aims to provide better coverage and liquidity for insurance companies while offering investors an efficient entry into the property reinsurance market. Industry leaders express optimism that Footprint can transform the reinsurance landscape, especially amid the current favorable rate environment.
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