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 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 November 2, 2022, Arthur J. Gallagher announced the acquisition of Tejas American General Agency (TAGA), a Texas-based managing general agency specializing in commercial, farm, and personal insurance products. The acquisition is expected to enhance Gallagher's growth opportunities in Texas. Key executives from TAGA will continue to operate under Risk Placement Services, Inc., a division of Gallagher, under the direction of Kevin Doyle. The transaction terms remain undisclosed, with Gallagher emphasizing TAGA's strong culture and expertise as assets for future expansion.
Arthur J. Gallagher & Co. has successfully completed the acquisition of MT Insurance Agency, Inc., based in Buffalo, New York, and an indirect subsidiary of M&T Bank Corporation. The terms of the transaction were not disclosed. Following this acquisition, Gallagher will serve as the preferred insurance broking partner for M&T Bank, enhancing its position in the insurance market. Gallagher, a global leader in insurance brokerage and risk management services, operates in approximately 130 countries and aims to leverage this acquisition to expand its market offerings.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong third-quarter results for 2022, with total revenues of $2.01 billion, a 5.7% decrease year-over-year. Adjusted net earnings grew 2.8% to $370.8 million, translating to $1.72 per share. Revenue from the Brokerage segment increased 15% to $1.74 billion, while Risk Management revenue rose 5.5% to $275.5 million. Year-to-date, revenues surged 22% to $6.42 billion, with adjusted EPS up 13.1% to $6.22. The company's optimistic outlook is supported by a 10.5% increase in global premium rates.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share on its common stock. This dividend will be payable on December 16, 2022 to stockholders of record as of December 2, 2022. Headquartered in Rolling Meadows, Illinois, Gallagher operates in around 130 countries, providing insurance brokerage, risk management, and consulting services through owned operations and a network of correspondent brokers.
Arthur J. Gallagher & Co. (NYSE: AJG) will announce its third quarter 2022 earnings after market close on October 27, 2022. Following the earnings release, CEO J. Patrick Gallagher, Jr. will lead a conference call at 5:15 PM ET on the same day. Investors can access the call live on Gallagher's website, with a replay available later. The company is a global insurance brokerage and risk management firm operating in approximately 130 countries.
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation, headquartered in Buffalo, New York. This transaction will make Gallagher the preferred insurance broking partner of M&T Bank and is expected to close in Q4 2022, pending regulatory approval. Founded in 1955, MTIA specializes in property and casualty products, customized group benefits, and surety solutions, enhancing Gallagher's market presence in the New York region.
M&T Bank Corporation announced its agreement to sell M&T Insurance Agency, Inc. (MTIA) to Arthur J. Gallagher & Co. This transaction awaits regulatory approval and is projected to finalize in Q4 2022. MTIA, established in 1955, provides various insurance products in the Northeast and Mid-Atlantic regions. Post-sale, MTIA will continue operating under Gallagher, with its leadership and staff retained, allowing for enhanced service offerings.
Gallagher is a global leader in insurance brokerage and risk management, supporting operations in around 130 countries.
FAQ
What is the current stock price of Arthur J. Gallagher & Co. (AJG)?
What is the market cap of Arthur J. Gallagher & Co. (AJG)?
What does Arthur J. Gallagher & Co. do?
Where is Arthur J. Gallagher & Co. headquartered?
What are the main services offered by Gallagher?
How does Gallagher generate revenue?
What recognition has Gallagher received for its ethical practices?
Which regions contribute significantly to Gallagher's revenue?
What recent acquisitions has Gallagher made?
How does Gallagher support the Special Olympics?
How was Gallagher's financial performance in the first quarter of 2024?
Where can investors find more information about Gallagher?
