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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) has acquired Devitt Insurance Services Limited, a UK-based insurance broker specializing in motorcycle and motorhome insurance. Founded in 1936, Devitt serves around 130,000 customers with a team of 130 employees. The acquisition, terms undisclosed, is expected to enhance Gallagher's UK Retail niche practices and digital capabilities. The existing management team will continue operations under Gallagher's direction, which reflects synergy and potential for market expansion.
Arthur J. Gallagher & Co. (AJG) reported strong financial results for Q4 and the full year ending December 31, 2021. Q4 revenues were $1.941 billion, up from $1.664 billion YoY. Net earnings decreased to $120.9 million (from $153.1 million) but adjusted net earnings grew to $219.8 million, from $184.7 million. Key highlights include 18% revenue growth in core brokerage and risk management segments and the completion of 18 mergers. For 2021, total revenues reached $8.076 billion, with adjusted net earnings of $1.184 billion, illustrating a robust performance despite pandemic-related challenges.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share, reflecting a $0.03 increase from the previous quarter. The dividend will be paid on March 18, 2022 to stockholders of record as of March 4, 2022. This announcement demonstrates the company's ongoing commitment to returning value to its shareholders.
Arthur J. Gallagher & Co. (NYSE: AJG) is set to release its fourth quarter 2021 earnings on January 27, 2022, after market close. A live conference call hosted by CEO J. Patrick Gallagher, Jr. will occur on the same day at 5:15 pm ET. Investors can access the call via the company’s website, with a replay available shortly after. Gallagher operates in 68 countries and provides services in over 150 countries, emphasizing its global reach.
Arthur J. Gallagher & Co. has acquired Risk Transfer Insurance Agency, LLC, based in Orlando, Florida. Founded in 2000, Risk Transfer specializes in customized insurance solutions for professional employer organizations (PEOs) and temporary staffing firms across the U.S. The financial terms of the acquisition were not disclosed. J. Patrick Gallagher, Jr., Chairman and CEO, emphasized that this acquisition will strengthen Gallagher's existing capabilities in the growing PEO sector. Risk Transfer's team will continue to operate under Gallagher's Southeast regional leadership.
Arthur J. Gallagher & Co. has acquired Five Points Benefits Solutions, enhancing its public sector benefit offerings. Founded in 2011, Five Points is a leading provider of ancillary benefits in Tennessee, Georgia, and Kentucky. The transaction's terms were not disclosed. CEO Patrick Gallagher emphasized Five Points' growth potential and strong leadership. This acquisition aims to expand Gallagher's capabilities in employee benefits consulting, particularly in the Heartland region, strengthening its market presence.
Arthur J. Gallagher & Co. announced the acquisition of Bradawn Insurance Services, a California-based health and welfare consulting firm, expanding its capabilities in Southern California. Founded in 1983, Bradawn specializes in serving large employers across various sectors. The transaction details remain undisclosed, but the integration aims to enhance Gallagher's service offerings in health and welfare consulting. Dawna Gray and her team will continue operations under Gallagher's leadership, reinforcing its commitment to delivering comprehensive benefits solutions to clients.
Arthur J. Gallagher & Co. announced the acquisition of Tave Risk Management, a Chicago-based retail property/casualty broker. Founded in 2000, Tave offers risk management services to various industries. Ruth Tave and her team will continue operating under Gallagher's Midwest branch. Chairman Patrick Gallagher emphasized Tave's expertise in complex risk management. Gallagher, a global insurance brokerage firm, operates in 68 countries and offers services in over 150 global locations.
Arthur J. Gallagher & Co. has acquired Richied & Associates, Inc., a property/casualty insurance agency based in Reno, Nevada. Founded in 1999, Richied & Associates serves small- to mid-market commercial clients. The acquisition aims to enhance Gallagher's retail capabilities in Nevada and create cross-selling opportunities. The agency will continue operating under its current management team, led by Scott Firestone. Gallagher, listed on the NYSE under the symbol AJG, operates in 68 countries, providing insurance brokerage and risk management services globally.
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