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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. (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.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2022, from 8:00 a.m. to 10:30 a.m. CT. This meeting will be conducted virtually via conference call, where company leaders will discuss business operations and financial outlook. The live broadcast can be accessed on Gallagher's website, with a replay available until March 23. Additional meeting materials will be released on March 16 at 7:30 a.m. CT.
Mondee Inc. has formed a strategic partnership with Arthur J. Gallagher & Co. (NYSE: AJG) to enhance access to its subscription-based business travel platform, TripPlanet, for over 287,000 businesses. TripPlanet provides improved rates for flights and hotels and features that benefit small and medium-sized enterprises. With more than 4 million users since its 2021 launch, Mondee aims to leverage this partnership to expand growth and efficiency in business travel services, ultimately supporting its upcoming merger with ITHAX Acquisition Corp. (NASDAQ: ITHX) expected in H1 2022.
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