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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 announced the acquisition of the remaining shares of Hesse & Partner AG and Hesse Consulting GmbH from founder Guido Hesse, having previously acquired a majority stake three years ago. The terms of the transaction remain undisclosed. Founded in 1997, Hesse & Partner specializes in risk management and insurance solutions, particularly in the waste-to-energy sector. The move is part of Gallagher's strategy to expand its presence in Europe, with CEO J. Patrick Gallagher, Jr. noting the alignment of visions and goals between the two companies.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on June 17, 2021, 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, followed by a Q&A session. Interested parties can listen to the live broadcast on www.ajg.com/irmeeting, with a replay available until June 24. Relevant materials will be accessible from 7:30 a.m. CT on the same day.
Arthur J. Gallagher & Co. has acquired LDJ American Online Benefits Group, LLC (AOBG), a Texas-based company specializing in supplemental health insurance and wellness products. Founded in 2013, AOBG operates through over 2,500 independent agents nationwide. This acquisition aims to enhance Gallagher's offerings in the Affinity market, particularly for individuals lacking access to employer-sponsored benefits. The financial terms of the deal were not disclosed. The integration of AOBG is expected to leverage Gallagher’s strengths and expand its market reach.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the successful closing of its public stock offering, totaling 10,350,000 shares at $142.00 per share. This includes the full exercise of the underwriters' option for an additional 1,350,000 shares. The offering was conducted under an effective shelf registration statement and managed by Morgan Stanley, with several firms acting as co-managers. The funds from this offering are expected to bolster Gallagher's operational capabilities, although the potential for shareholder dilution exists due to the increased share count.
Arthur J. Gallagher & Co. (NYSE: AJG) priced an offering of 9,000,000 shares of common stock at $142.00 per share. The underwriters have a 30-day option to purchase an additional 1,350,000 shares. The offering is expected to close on May 17, 2021, and the proceeds will help fund the acquisition of Willis Towers Watson's reinsurance and brokerage operations. Closing is not conditioned on the acquisition's completion, which remains uncertain due to regulatory approvals.
Arthur J. Gallagher & Co. (NYSE: AJG) announced an acquisition of certain reinsurance, specialty, and retail brokerage operations from Willis Towers Watson. The deal, valued at $3.57 billion, is part of a regulatory remedy linked to the Aon and Willis Towers Watson merger and is expected to close in the second half of 2021. This acquisition will enhance Gallagher's global footprint in reinsurance and retail brokerage, adding significant expertise and revenue potential estimated at $1.3 billion. Integration is projected to take three years, with costs estimated at $350 million.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a public offering of 9,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The proceeds will help fund the acquisition of certain Willis Towers Watson reinsurance operations, part of the regulatory remedy for the pending Aon and Willis Towers Watson combination. The offering is not contingent on the completion of the WTW transaction, and there is no guarantee that it will occur.
Arthur J. Gallagher & Co. has acquired Koff & Associates, a Berkeley-based provider of HR services since 1984. Although the financial terms of the transaction remain undisclosed, the acquisition aims to enhance Gallagher's existing public sector services in California. Koff & Associates specializes in HR offerings including job classification, compliance, and performance management, primarily serving government entities. The team will continue operating under Catherine Kaneko and Georg Krammer, while reporting to Scott Hamilton, global head of Gallagher's Human Resources & Compensation Consulting operations.
Arthur J. Gallagher & Co. has acquired Total Safety Consulting, LLC (TSC), enhancing its risk management services through Gallagher Bassett. The acquisition includes TSC Training Academy and aims to bolster Gallagher Bassett's construction practice. TSC, founded in 1996, provides safety management and technical training across the Northeastern, Mid-Atlantic, and Southern U.S. Jim and Liz Bifulco will lead the integration within Gallagher Bassett. The financial terms of the transaction have not been disclosed, but it is expected to strengthen Gallagher's position in the safety services market.
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