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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.
Gallagher's 2020/2021 Salary Planning Survey reveals that 45% of U.S. organizations are reassessing salary increases due to COVID-19. Data from 1,283 organizations shows 51% expect to reduce salary increases, while 45% plan to suspend them entirely. Before the pandemic, 66% of employers had already implemented pay raises. The survey indicates a shift towards variable pay models as firms seek flexible compensation strategies. This report helps employers navigate economic uncertainties while maintaining workforce stability.
Arthur J. Gallagher & Co. announced the acquisition of Effectus Consulting Pty Ltd, a Brisbane-based firm specializing in employee and leadership development. The terms of the transaction remain undisclosed. This acquisition is expected to provide Gallagher with significant cross-selling opportunities, enhancing discussions with existing clients about career benefits and organizational performance programs. Effectus will continue its operations under the leadership of Leslie Lemenager, VP-International for Gallagher's employee benefits consulting services.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong third-quarter results for 2020, with total revenues of $1.807 billion, up 1.0% year-over-year. Adjusted net earnings increased 37% to $1.08 per share, demonstrating resilient performance despite pandemic challenges. The Brokerage segment saw reported revenues rise to $1.295 billion, while Risk Management revenues totaled $202.7 million. Strong cost-saving measures resulted in approximately $70 million in estimated savings. The company maintains a robust liquidity position of $1.6 billion.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.45 per share on October 28, 2020. This dividend is payable on December 18, 2020, to stockholders of record as of December 4, 2020. The company is a global leader in insurance brokerage, risk management, and consulting, with operations in 49 countries and client service capabilities in over 150 countries.
Gallagher, a global insurance and risk management brokerage firm, published its Fall 2020 U.S. Market Conditions Report. This report reveals that 89% of clients experienced property rate increases, the highest since the early 2000s. Contributing factors to the hard market include increased liability losses, low interest rates, and the impact of the pandemic. Gallagher's proprietary data platform, Gallagher Drive, aids clients in navigating these challenges effectively.
Arthur J. Gallagher & Co. (NYSE: AJG) will publish its third quarter 2020 earnings on October 29, 2020, post-market. Following this, a conference call hosted by J. Patrick Gallagher, Jr., Chairman and CEO, is scheduled for 5:15 PM ET. This call will be accessible via Gallagher's website, with a replay available shortly after. Gallagher operates globally in 49 countries and offers services in over 150 countries, emphasizing its extensive reach in the insurance brokerage and risk management sectors.
Arthur J. Gallagher (NYSE: AJG) announced the acquisition of The Merriam Agency, a full-service insurance agency based in upstate New York and Colorado Springs, Colorado, with a focus on nonprofit clients. Founded in 1895, The Merriam Agency brings 125 years of experience and valuable relationships, enhancing Gallagher's expertise in this market. Brian Merriam and his team will report to Patrick Kennedy, head of Gallagher's Northeast operations. This strategic move aims to expand Gallagher's capabilities and strengthen its position in the insurance sector.
Arthur J. Gallagher & Co. announced the acquisition of Erin P. Collins & Associates, Inc. (ECA), based in Kingman, Arizona. The transaction's terms were not disclosed. Founded in 1994, ECA specializes in employee benefits and workplace wellbeing consultancy throughout Arizona. Erin Collins and his team will continue to operate under Gallagher's Southwest region. This acquisition aligns with Gallagher's health and welfare strategy, enhancing its benefits capabilities in the Southwest and providing unique cross-selling opportunities.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of The Kirksey Agency, Inc., based in West Monroe, Louisiana, which has a strong focus on crop insurance. Founded in 1980, The Kirksey Agency has recently expanded its product offerings to include various commercial and personal services throughout the South Central United States. Bill and Grace Kirksey will maintain their roles under Gallagher's Mid-South region management. This acquisition is expected to enhance Gallagher's agricultural capabilities and client offerings in the region.
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