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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 third quarter 2021 earnings after market close on October 28, 2021. A conference call hosted by CEO J. Patrick Gallagher, Jr. will follow at 5:15 pm ET. The call will be accessible via the company's website, with a replay available two hours post-broadcast. Gallagher operates in 57 countries and offers services globally through a network of brokers and consultants.
Gallagher has entered a strategic partnership with Southwest Value Partners and AEG to become the exclusive insurance brokerage, benefits consultant, and risk management partner for the 18-acre Nashville Yards development. This collaboration aims to enhance community engagement and support local nonprofits through various initiatives. Gallagher, headquartered in Rolling Meadows, Illinois, operates in 57 countries, with a growing presence in Nashville, where it has 235 employees. This initiative signifies Gallagher's commitment to community enrichment and expanding its influence in a pivotal urban development.
Arthur J. Gallagher & Co. (NYSE: AJG) is set to host its quarterly management meeting on September 14, 2021, from 8:00 a.m. to 10:30 a.m. CT. The meeting will be held virtually via conference call, where company leaders will discuss business operations and financial outlooks, and address questions from investors. The call can be streamed live on Gallagher's website, with a replay available until September 21, 2021. Relevant materials will be accessible on the same site starting at 7:30 a.m. CT on the meeting day.
Arthur J. Gallagher & Co. (NYSE: AJG) announced an agreement to acquire the treaty reinsurance brokerage operations of Willis Towers Watson for an initial gross consideration of $3.25 billion, with potential additional payments of $750 million based on revenue targets. This strategic acquisition aims to enhance Gallagher's global reinsurance brokerage offerings, expected to generate $745 million in pro forma revenue and $265 million in EBITDAC for 2020. The integration will take about three years, with estimated non-recurring costs of $250 million.
Arthur J. Gallagher & Co. has acquired a majority stake in the Turkish specialty broker Brokers' House. The transaction details remain undisclosed. Brokers' House operates in Istanbul, offering a variety of commercial insurance and facultative reinsurance services, and has been a Gallagher Global Network partner since 2014. Key executives Gündüz Tezel and Levent Özbilen will continue with the company. This acquisition presents Gallagher with a strategic opportunity to enter the Turkish specialty market, with an emphasis on expanding client offerings in collaboration with the existing team.
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