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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 Cain Insurance Services Ltd., a Fredericton-based property/casualty broker. While the transaction's terms remain undisclosed, this acquisition aims to enhance Gallagher's existing operations in Atlantic Canada. Founded in 1986, Cain Insurance specializes in commercial and personal insurance, particularly in public sector, manufacturing, agriculture, and construction. The acquisition is seen as a strategic move to complement Gallagher's regional presence and strengthen client relationships.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Florida-based Harden & Associates, Inc., enhancing its position in the Southeastern U.S. insurance market. Harden, established in 1953 and headquartered in Jacksonville, specializes in retail property/casualty and employee benefits, focusing on sectors such as healthcare and real estate. The acquisition is expected to strengthen Gallagher's healthcare and real estate practices while expanding its footprint in North Florida and along the East Coast. Financial terms of the deal were not disclosed.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Premier Brokerage Services, Inc., a life insurance wholesale agency based in Jenkintown, PA. The acquisition aims to enhance Gallagher's life brokerage capabilities, particularly in the high-net-worth agent and advisory markets. Founded in 1995, Premier specializes in permanent and term life insurance, annuities, and long-term care products, with approximately 80% of its business on the East Coast. The financial terms of the deal were not disclosed, and Premier's team will continue under Gallagher's leadership.
Arthur J. Gallagher & Co. (NYSE: AJG) will conduct its quarterly management meeting on December 15, 2020, from 8:00 a.m. CT to 10:30 a.m. CT. The meeting will be held virtually via conference call, featuring insights on the company's operations and financial outlook. Investors can join the live broadcast on Gallagher's website, with replays available until December 22, 2020. Additional materials will be accessible starting 7:30 a.m. CT on the same day.
Arthur J. Gallagher & Co. (NYSE: AJG) has acquired North Star Insurance Services, LLC and North Star Marine Insurance Services, LLC, enhancing its marine insurance capabilities. Founded in 2001, North Star specializes in marine insurance for commercial fishing and cargo vessels, serving clients nationwide. This strategic acquisition is expected to strengthen Gallagher's existing marine business through North Star's established client relationships and expertise. Key leadership from North Star will continue to operate under Gallagher's Northwest region.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of JP Warner Associates, a Wayne, PA-based employee benefits consultant. Founded in 1997, JP Warner specializes in group benefit plans and human resource consulting for clients in the Philadelphia suburbs and Lehigh Valley. The terms of the acquisition were not disclosed. Jonathan P. Warner and his team will continue operations under Gallagher's Atlantic region management. This strategic move aims to enhance Gallagher's consulting capabilities in the Philadelphia area and expand services into the Lehigh Valley.
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