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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 acquired Mark J. Becker & Associates, an employee benefit consulting firm based in Johnston, Iowa. The acquisition aims to enhance Gallagher's consulting capabilities in Iowa and the Heartland region, aligning with their ethical focus. Mark Becker and his team will transition to Gallagher's West Des Moines office, under the leadership of Jerry Roberts. Gallagher is positioned as a global insurance brokerage with operations in 57 countries, emphasizing their commitment to expanding client service capabilities.
Arthur J. Gallagher & Co. (AJG) reported strong financial results for Q3 2021, with revenues reaching $2.11 billion, up 18% from $1.81 billion in Q3 2020. Adjusted net earnings increased by 22% to $294.8 million, with EPS growing to $1.33, a 22% rise compared to the previous year. Notably, the core brokerage and risk management segments achieved a combined revenue growth of 17%, including 10% organic growth. The company anticipates closing its acquisition of Willis Towers Watson's treaty reinsurance brokerage operations in Q4 2021, indicating positive growth prospects amidst firm global pricing conditions.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a regular quarterly cash dividend of $0.48 per share, payable on December 17, 2021. The record date for stockholders is set for December 3, 2021. Gallagher operates in 57 countries and offers services in over 150 countries worldwide, showcasing its extensive reach in the insurance brokerage and risk management sectors.
Arthur J. Gallagher & Co. announced the acquisition of The VanDyke Group, a Homer Glen, IL-based employee benefits consulting and HR solutions provider. The VanDyke Group has been operational since 1984, serving clients across Northern Illinois, Northern Indiana, and Southern Wisconsin. Following the acquisition, Matthew VanDyke and his team will continue to operate from their current location under Gallagher's leadership. The transaction's terms were not disclosed, but it is seen as a strategic move to enhance Gallagher's service offerings in the region.
Arthur J. Gallagher & Co. has successfully completed its acquisition of Edelweiss Gallagher Insurance Brokers Limited, based in Mumbai, India. This acquisition aligns with Gallagher's strategic aim to expand its global footprint, enhancing its client service capabilities across 150 countries. Gallagher operates in 57 countries, and this move potentially opens new market segments and synergies in the rapidly growing Indian insurance market. The transaction highlights Gallagher's commitment to strengthening its position in the insurance brokerage sector.
Arthur J. Gallagher & Co. has acquired River Valley Capital Insurance, Inc. (RVCI), a retail property/casualty brokerage based in Dubuque, Iowa, specializing in trucking insurance. While financial terms of the transaction remain undisclosed, this acquisition aims to enhance Gallagher's Midwest transportation practice. Founded in 2007, RVCI will continue its operations under Ryan Isaacs' leadership, contributing its expertise in long-haul trucking to Gallagher's existing capabilities. Gallagher operates globally, offering services in over 150 countries.
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