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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 an agreement to acquire BCHR Holdings, L.P. (dba Buck) for a total consideration of $660 million. The acquisition is expected to close in the first half of 2023, pending regulatory approvals. Buck, with over 2,300 employees, specializes in retirement and employee benefits consulting. This move aims to enhance Gallagher's suite of services and is projected to be 2% accretive to adjusted diluted earnings per share. Key benefits include expanding Gallagher's offerings in HR consulting and technology.
Arthur J. Gallagher & Co. announced the acquisition of NEK Insurance, Inc., a California-based retail insurance agency specializing in property/casualty coverage for daycare centers, schools, and small contractors. This acquisition, which was disclosed on December 19, 2022, is expected to enhance Gallagher's existing operations in San Francisco by providing significant cross-selling opportunities. The terms of the transaction remain undisclosed. The NEK team, led by Kevin Bruns, Jennifer Sylvestri, and Kyle Peterson, will join Gallagher's San Francisco branch.
Arthur J. Gallagher & Co. announced the acquisition of Global Financial Brokers Limited and its affiliate Total Benefits Specialists Limited, based in Trinidad and Tobago, on December 7, 2022. Founded in 1995, Global Financial Brokers specializes in retail insurance, providing health, life, pension, and wellness solutions. This acquisition aims to enhance Gallagher's growth and presence in the Caribbean market. Key team members will continue under the leadership of Gallagher Caribbean's Group CEO, Michael Thornhill. The terms of the transaction remain undisclosed.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold a management meeting on December 13, 2022, in New York City, from 9:00 a.m. to 12:00 p.m. ET. Company leaders will discuss operational and financial outlooks and engage with attendees. A live audio webcast will be available, and a replay can be accessed until December 20, 2022. Relevant materials will be posted on the company's website on December 13 at 8:45 a.m. ET. Gallagher is an international insurance brokerage and consulting firm headquartered in Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. announced the acquisition of Bulen & Associates Insurance Services, a retail property/casualty insurance agency based in Murrieta, California. While the transaction terms were not disclosed, the integration aims to enhance Gallagher's presence in southern California, leveraging Bulen's community roots and strong client relationships. Lisa Mosby and her team will continue operations under Gallagher's leadership, indicating a strategic move to strengthen Gallagher's retail brokerage capabilities and expand their market reach.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a renewal of its equity financing program to support acquisitions. The company filed a shelf registration statement for 7.0 million shares, adding to the existing 2.0 million shares available from a previous statement. Additionally, Gallagher established an at-the-market equity program to sell up to 3.0 million shares, with proceeds aimed at funding future acquisitions and general corporate purposes. These actions complement a $1.5 billion stock repurchase authorization, providing flexibility in capital management.
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