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.
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.
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.
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?
