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. (NYSE: AJG) reported robust financial results for Q2 2022, with total revenues reaching $2.008 billion, a 5.5% increase from $1.897 billion in Q2 2021. Diluted net earnings rose to $1.33 per share, compared to $0.92 the previous year, marking a 44% growth. Revenue growth was driven by a strong performance in brokerage and risk management segments, aided by $240 million from acquisitions. The company completed 9 tuck-in mergers, contributing to nearly 11% organic revenue growth. The effective tax rate increased to 19.1% from 9.2% year-over-year.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share on its Common Stock. This dividend is payable on September 16, 2022, to stockholders of record as of September 2, 2022. Gallagher is a global leader in insurance brokerage, risk management, and consulting services with operations in approximately 130 countries. This dividend reflects the company’s commitment to providing income to shareholders while maintaining a strong financial footing.
Arthur J. Gallagher & Co. has acquired Toronto-based Four Corners Group Inc., a notable executive search firm founded in 2007. This acquisition is aimed at enhancing Gallagher's global talent and leadership advisory services. Four Corners Group specializes in various sectors including business services, technology, and healthcare. Kelly Farrell and her team will continue operating under Gallagher’s Benefit and HR Consulting Division in Canada, directed by Melanie Jeannotte. The financial details of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE: AJG) will release its second quarter 2022 earnings after the market closes on July 28, 2022. A printer-friendly version will be available on their website. The company's Chairman, President and CEO, J. Patrick Gallagher, Jr., will host a conference call on the same day at 5:15 pm ET. The call will be streamed live on Gallagher's website, with a replay accessible shortly after. Gallagher operates in approximately 130 countries globally, providing insurance brokerage, risk management, and consulting services.
On July 5, 2022, Arthur J. Gallagher & Co. announced the acquisition of Surety Associates of Southern California Insurance Services (SASC), based in La Mesa, California. Founded in 2010, SASC specializes in surety bonds for clients in California, Arizona, and Nevada. Cyndi Beilman and her team will continue their operations, reporting to Scott Firestone, who oversees Gallagher's Southwest region. This acquisition aims to strengthen Gallagher's surety presence in the Southwest, enhancing its service offerings in the region.
Arthur J. Gallagher announced the acquisition of Erimus Group Limited, an established retail insurance broker located in Tees-side, England. The transaction strengthens Gallagher's position in the North East of England and is expected to expand their regional presence. Erimus, founded in 1986, serves a range of commercial clients with products like cyber and employers liability insurance. The deal aligns with Gallagher's UK Retail division and will see Erimus's leadership reporting to regional management. Financial details of the transaction were not disclosed.
Arthur J. Gallagher & Co. announced the acquisition of INNOVU Group Holding Company Limited, a retail insurance broker based in Wexford, Ireland. Founded in 2018 by Ronan Foley, INNOVU offers various commercial and personal insurance products and financial services from seven locations in Ireland. This acquisition marks Gallagher's first presence in Ireland, aiming to expand its footprint in this growing economic region. Ronan Foley and team will remain in their current operations, under the leadership of Michael Rea, Gallagher's UK and Ireland retail operations head.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on June 15, 2022, from 8:00 a.m. to 10:30 a.m. CT via conference call. The meeting will feature key insights from the company's operating and financial leaders regarding its business operations and financial outlook, along with a Q&A session for investors. The event can be accessed live on Gallagher's website, with a replay available until June 22, 2022. Relevant materials will be shared before the meeting on June 15 at 7:30 a.m. CT.
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?
