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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 March 6, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Bay Risk Services Limited, a UK-based independent Lloyd's broker specializing in delegated underwriting authority. The terms of the acquisition were not disclosed. Bay Risk, founded in 2016, serves niche program managers and carriers, and will integrate into Gallagher Re's global programs practice. The acquisition is expected to enhance Gallagher's offerings in this domain, with the current leadership of Bay Risk continuing under Andrew Smallshaw and Robin Barker-Hahlo. This strategic move aligns with Gallagher's commitment to client excellence and market expansion.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2023, from 8:00 a.m. to 10:30 a.m. CT. The meeting will occur virtually via conference call, where the company's leadership will discuss business operations and financial outlook, followed by a Q&A session with investors.
Participants can listen to the live broadcast on Gallagher's website www.ajg.com/irmeeting. A replay will be available until March 23, 2023. Additional materials will be accessible on the same day at 7:30 a.m. CT.
Arthur J. Gallagher & Co. (AJG) announced its financial results for Q4 2022, showcasing a 16% revenue growth driven by core brokerage and risk management segments. Adjusted net earnings reached $1.54 per share, up from $1.30 in Q4 2021. The company completed 17 acquisitions and observed a 9% rise in global primary P/C renewal premiums. For the year, total revenues reached $8.42 billion, marking a significant increase from $8.08 billion in 2021. CEO J. Patrick Gallagher highlighted strong operational performance and 11.7% organic revenue growth, positioning the company favorably for 2023.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.55 per share, reflecting a $0.04 increase from the previous quarter. The dividend will be payable on March 17, 2023, to stockholders of record as of March 3, 2023. This decision underscores the company's commitment to returning value to its shareholders and signifies financial confidence.
Gallagher, a global insurance brokerage and risk management firm, operates in approximately 130 countries, offering a wide range of services through its owned operations and a network of correspondent brokers.
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