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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. has announced the acquisition of Lighthouse Insurance Group, LLC (LIG), based in Independence, Ohio. Founded in 2009, LIG specializes in health insurance products and Medicare plans for individuals not eligible for corporate plans. This acquisition aims to enhance Gallagher's health and ancillary insurance offerings, particularly for pre- and post-retiree clients. Jason Farro, Anthony Naoum, and their team will continue operations under Gallagher's leadership, potentially driving growth in the employee benefits sector.
Gallagher has entered a multi-year partnership with Penske Entertainment and Team Penske, enhancing its brand presence in the NTT INDYCAR SERIES and at the Indianapolis Motor Speedway. The agreement includes entitlement sponsorship of the Gallagher Grand Prix on July 30, and primary sponsorship of the No. 3 Gallagher Dallara/Chevrolet driven by Scott McLaughlin at Detroit and Indianapolis. This collaboration aims to leverage motorsports for brand visibility while aligning with Penske's core values.
Arthur J. Gallagher & Co. (AJG) reported strong first-quarter 2022 results with total revenues of $2.40 billion, representing an increase from $2.13 billion in Q1 2021. Net earnings rose 28% to $439.1 million, or $2.05 per share. Key highlights include 30% revenue growth from brokerage and risk management segments, and $380 million from acquisitions. Despite a minor revenue impact of up to $10 million from the Ukraine/Russia conflict, management remains optimistic about continued strong demand for services. Adjusted EBITDAC rose 34%, showcasing robust operational efficiency.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.51 per share on April 27, 2022. This dividend will be paid on June 17, 2022, to stockholders on record as of June 3, 2022. As a leading global insurance brokerage and risk management firm, Gallagher operates in 68 countries, providing services through a network that extends to over 150 countries.
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.
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