Welcome to our dedicated page for Arthur J. Gallagher & Co. news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co. stock.
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 The Robbi Davis Agency, Inc. (RDA) located in Little Rock, Arkansas. RDA, established in 1996, specializes in employee benefits and health insurance for small businesses. The transaction details were not disclosed, but the agency's founder, Robbi Davis, will continue leading her team under Gallagher's Heartland region. This acquisition is positioned to strengthen Gallagher's market presence and enhance its employee benefits consulting services.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the completion of its 30% minority investment in ACE, a specialist insurance broker in the MENA region. This strategic investment aims to enhance Gallagher's presence in the insurance market across the Middle East and North Africa.
With operations in 68 countries and capabilities in over 150, Gallagher seeks to leverage ACE's expertise to strengthen its global service offerings.
Arthur J. Gallagher announced the acquisition of Sound Insurance Services, a broker based in Caulfield, Victoria, established in 2011. Although financial details were not disclosed, this acquisition aims to enhance Gallagher's capabilities in the Melbourne market, especially among small and mid-market clients. The existing leadership team at Sound Insurance will remain in place, overseeing operations under Gallagher's direction. Gallagher continues to expand its global footprint, operating in 68 countries with client services offered in over 150 countries.
Arthur J. Gallagher & Co. has successfully completed the acquisition of nearly all treaty reinsurance brokerage operations from Willis Towers Watson plc. This strategic move combines Gallagher's existing reinsurance services, now branded as Gallagher Re, across over 70 offices in 31 countries, employing approximately 2,400 staff. The integration enhances Gallagher's analytics capabilities, offering significant value to insurance carriers globally. James Kent will lead Gallagher Re, reporting to Tom Gallagher. Chairman Patrick Gallagher expressed confidence in the benefits this merger brings to clients, teams, and shareholders.
Arthur J. Gallagher & Co. (NYSE: AJG) will conduct its quarterly management meeting on December 14, 2021, from 8:00 a.m. to 10:30 a.m. CT, via conference call. The meeting aims to provide insights into the company's business operations and financial outlook, followed by a Q&A session with investors. It will be streamed live on Gallagher's website, with a replay available until December 21, 2021. Relevant materials will be accessible on December 14 at 7:30 a.m. CT.
Arthur J. Gallagher & Co. announced the acquisition of Real Estate Insurance Solutions based in Park City, Utah. Established in 2004, the firm specializes in real estate errors & omissions insurance and cyber liability, serving agents and brokers across 32 states. Chris Nangle and his team will continue operations under Kevin Garvin. The acquisition aims to bolster Gallagher's real estate practice by integrating specialized expertise. The financial terms of the deal remain undisclosed, but this move may enhance Gallagher's service offerings in the real estate sector.
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.
FAQ
What is the current stock price of Arthur J. Gallagher & Co. (AJG)?
What is the market cap of Arthur J. Gallagher & Co. (AJG)?
What does Arthur J. Gallagher & Co. do?
Where is Arthur J. Gallagher & Co. headquartered?
What are the main services offered by Gallagher?
How does Gallagher generate revenue?
What recognition has Gallagher received for its ethical practices?
Which regions contribute significantly to Gallagher's revenue?
What recent acquisitions has Gallagher made?
How does Gallagher support the Special Olympics?
How was Gallagher's financial performance in the first quarter of 2024?
Where can investors find more information about Gallagher?
