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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. announced the acquisition of Ryan Insurance Strategy Consultants, based in Greenwood Village, Colorado, on April 25, 2022. Ryan, founded in 1990, supports financial advisors with insurance recommendations, focusing on life, disability, and long-term care insurance. The firm will continue operating under Gallagher's management, led by Kevin Garvin. The acquisition is expected to enhance Gallagher's presence in professional lines programs, leveraging Ryan's strong relationships with financial planning associations.
Arthur J. Gallagher & Co. announced the acquisition of G.A. Mavon & Co. and its subsidiary Mavco Insurance Agency, enhancing its presence in the Midwest region. Founded in 1916, G.A. Mavon & Co. specializes in high-net-worth insurance and commercial business solutions. The acquisition aligns with Gallagher's strategy to expand its high-net-worth offerings, with Phil Mavon continuing operations under Gallagher's leadership.
Advisor Group Inc. announced on April 11, 2022, the addition of Gallagher's Retirement Plan Consulting Practice, comprising over 90 advisors and 50 support staff, to its network. This partnership, facilitated through Triad Advisors, aims to enhance financial well-being services with Gallagher's expertise in retirement consulting. John Jurik emphasized the importance of autonomy and a hybrid model for growth. Advisor Group oversees $515 billion in client assets and serves approximately 10,100 financial advisors, marking a significant expansion in its capabilities.
Arthur J. Gallagher & Co. (NYSE: AJG) will announce its first quarter 2022 earnings on April 28, 2022, after market close. The results will be accessible on its website shortly after the announcement.
CEO J. Patrick Gallagher, Jr. will lead a conference call on April 28 at 5:15 PM ET to discuss the earnings. This call will be available live on Gallagher's website, with a replay accessible two hours after the broadcast.
Gallagher operates globally, serving clients in over 150 countries through a network of brokers and consultants.
Arthur J. Gallagher & Co. has acquired Bellevue, Washington-based Hawley & Associates, LLC, expanding its expertise in specialized insurance services for the adoption, foster care, and child welfare sectors. Founded in 2005, Hawley & Associates has broadened its services to cater to both nonprofit and for-profit organizations with U.S. and international operations. Phil Hawley and team will remain in their current location under Jim Buckley's leadership. The terms of the acquisition were not disclosed, but it enhances Gallagher's capabilities in the nonprofit and social services market.
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