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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 successfully completed the acquisition of The Bollington Wilson Group, a specialized UK insurance broker. This strategic acquisition aims to enhance Gallagher's service offerings and expand its market presence in the UK. Gallagher, headquartered in Rolling Meadows, Illinois, operates in 49 countries, providing risk management and consulting services globally. The Bollington acquisition is expected to drive growth and strengthen Gallagher's competitive position in the insurance sector.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong financial results for the fourth quarter and year ended December 31, 2020, showing a total revenue of $6.85 billion, down 2.9% YoY. Net earnings increased to $858.1 million from $715.8 million, marking a 19% growth. Adjusted EPS rose to $4.72, up 30% from $3.64. Brokerage segment revenue reached $5.17 billion, boosted by increased organic growth, while the Risk Management segment reported revenue of $821.7 million. Management expressed optimism about favorable market conditions in 2021 despite ongoing pandemic challenges.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a $0.48 quarterly cash dividend, marking a $0.03 increase from the previous quarter. This dividend will be payable on March 19, 2021, to shareholders of record as of March 5, 2021. The company, headquartered in Rolling Meadows, Illinois, operates in 49 countries with service capabilities in over 150 countries, solidifying its position as a leading global insurance brokerage and risk management firm.
Arthur J. Gallagher & Co. (AJG) announced the acquisition of San Diego-based Atlas General Holdings, LLC, enhancing its capabilities in the workers' compensation market. Founded in 2009, Atlas offers multifaceted insurance solutions across the U.S., with a strong focus on California. The leadership team from Atlas will remain in place, reporting to Joel Cavaness of Gallagher's Risk Placement Services. Chairman J. Patrick Gallagher, Jr. highlighted Atlas's expertise and complementary business portfolio, signaling important growth potential for AJG post-acquisition.
Arthur J. Gallagher & Co. (NYSE: AJG) will announce its fourth quarter 2020 earnings on January 28, 2021, after market close. A conference call, led by J. Patrick Gallagher, Jr., will take place the same day at 5:15 pm ET. The call will be available live on the company's website, with a replay accessible shortly after.
Headquartered in Rolling Meadows, Illinois, Gallagher operates in 49 countries and serves clients across 150 countries through a network of brokers and consultants.
Arthur J. Gallagher & Co. has announced an agreement to acquire 100% of the UK specialist insurance broker, The Bollington Wilson Group. Founded in 1973, Bollington has grown significantly, now employing over 400 people across multiple locations. The acquisition aims to enhance Gallagher's UK Retail Division, leveraging Bollington's strong market presence and complementary business capabilities. Gallagher's CEO emphasized the cultural alignment and entrepreneurial spirit shared by both firms. The transaction awaits regulatory approval before finalization.
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