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Arthur J. Gallagher & Co. - $AJG STOCK NEWS

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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.

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Gallagher's recent survey reveals significant concerns among U.S. business owners about their insurance coverage for unforeseen events. Key findings include: 91% worry about extreme weather, 69% about cyber-attacks (though only 32% have coverage), 68% about supply chain disruptions, and 63% about U.S. election impacts. The study also highlights AI investment trends, with 81% planning to maintain or increase AI investments in 2024. However, risks like data exposure and regulatory issues are prevalent. Notably, 80% of businesses experienced financial growth in the past year, and nearly all have implemented risk management strategies. Talent attraction and retention remain crucial, with 86% concerned about this internal factor.

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Arthur J. Gallagher & Co. (NYSE: AJG) will host its quarterly management meeting on June 25, 2024, from 8:00 a.m. to 10:30 a.m. CT. The virtual conference call will feature presentations on the company's business operations and financial outlook, followed by a Q&A session. The live broadcast and replay will be accessible via the company's website. Supporting materials will be available at 7:45 a.m. CT on the same day. Arthur J. Gallagher & Co. is a global insurance brokerage and consulting firm active in 130 countries.

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Arthur J. Gallagher & Co. announced the acquisition of Wrightway Underwriting , a managing general agent specializing in motor and liability coverages for the haulage and fleet sector in Ireland. The terms of the deal were not disclosed. Wrightway will now operate under Gallagher's subsidiary, Pen Underwriting, with David Crean continuing to lead the team, alongside Linda Roberts and Mary Lyons. The acquisition aims to enhance Gallagher's capabilities and provide growth opportunities within the Irish market. Arthur J. Gallagher & Co. is a global insurance brokerage and consulting services firm headquartered in Rolling Meadows, Illinois, operating in around 130 countries.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Crawford Insurance, a Pittsburgh-based retail insurance agency specializing in property/casualty products for commercial and personal lines in Pennsylvania, South Carolina, and Virginia. Terms of the deal were not disclosed. Crawford Insurance, a multi-generation family business, will continue operations under the direction of Sean Gallagher, head of Gallagher's Great Lakes region. CEO J. Patrick Gallagher Jr. praised Crawford Insurance's market expertise and client service commitment. AJG operates globally in 130 countries and provides insurance brokerage, risk management, and consulting services.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of CCI Surety, Inc., a managing general underwriter specializing in wholesale contract and commercial surety bonds. The acquisition is part of Gallagher's U.S. wholesale brokerage division, Risk Placement Services, Inc. (RPS). The terms of the transaction were not disclosed. CCI Surety, founded by Michael Williams and led by Jeremy Crawford, will continue to operate from Golden Valley, Minnesota under the direction of Matt Lynch. This strategic move aims to expand RPS's product offerings in the wholesale surety market.

J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, expressed his satisfaction with the acquisition, highlighting the alignment with the company's growth strategy. Gallagher operates in approximately 130 countries, offering insurance brokerage, risk management, and consulting services.

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Arthur J. Gallagher & Co. has acquired Acumen Advisors, Inc., a Cedar Rapids-based employee benefits consultant, expanding their offerings in the Midwest region. The terms of the acquisition were not disclosed. The team at Acumen will continue operations under Gallagher's Midwest region employee benefits consulting head, Tom Lannen.

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Arthur J. Gallagher & Co. announced the acquisition of Health Insurance Consultants Australia, a specialist health insurance consultancy and brokerage firm based in Melbourne, Victoria. The terms of the transaction were not disclosed. The acquisition will enhance Gallagher's benefits consulting capabilities in Australia. HICA's founder, Suzanne Still, and her team will continue to operate under Gallagher's direction. This move strengthens Gallagher's global presence and commitment to growth.

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Arthur J. Gallagher & Co. reported strong financial results for the first quarter of 2024, with 20% revenue growth, 9.4% organic revenue growth, 26% net earnings growth, and 19% adjusted EBITDAC growth. Key segments like brokerage and risk management performed well, with positive trends in primary insurance renewal premiums, property and casualty increases, and reinsurance market discipline. The company's customer business activity, labor market strength, and claims data indicate a resilient economic backdrop. With a strong team, expertise, analytics, and global reach, Arthur J. Gallagher & Co. is positioned for continued success in the industry.
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Arthur J. Gallagher & Co. (NYSE: AJG) has declared a regular quarterly cash dividend of $0.60 per share on its Common Stock, payable on June 21, 2024, to Stockholders of Record as of June 7, 2024. The global insurance brokerage, risk management, and consulting services firm operates in about 130 countries worldwide.
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Arthur J. Gallagher & Co. acquires Prasidium Credit Insurance, a specialist trade credit insurance broker based in Australia. The terms of the transaction were not disclosed. The acquisition aims to enhance Gallagher's trade credit capabilities in Australia. The Prasidium team, led by Mark Smith, Stuart Prendergast, Mark Browning, and Paul Daniele, will join Gallagher's offices in Australia under the direction of Sarah Lyons, head of retail property/casualty brokerage operations. J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, expressed excitement about the acquisition, highlighting Prasidium's strong growth record. Gallagher, a global insurance brokerage firm operating in 130 countries, is headquartered in Rolling Meadows, Illinois.
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FAQ

What does Arthur J. Gallagher & Co. do?

Arthur J. Gallagher & Co. provides global insurance brokerage, risk management, and consulting services, helping clients address risk, protect assets, and recover from losses.

Where is Arthur J. Gallagher & Co. headquartered?

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.

What are the main services offered by Gallagher?

Gallagher offers property and casualty brokerage, alternative risk transfer services, employee benefit consulting, actuarial services, claims management, risk control consulting, human resource consulting, and retirement services.

How does Gallagher generate revenue?

Gallagher's primary revenue source is its brokerage segment, which generates commissions from insurance companies when placing customers with insurance providers.

What recognition has Gallagher received for its ethical practices?

Gallagher is recognized by the Ethisphere Institute as a World's Most Ethical Company.

Which regions contribute significantly to Gallagher's revenue?

Gallagher generates most of its revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.

What recent acquisitions has Gallagher made?

In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services.

How does Gallagher support the Special Olympics?

Gallagher has renewed its global partnership with Special Olympics International, supporting sports and athlete programs worldwide.

How was Gallagher's financial performance in the first quarter of 2024?

Gallagher reported strong revenue growth and improved net earnings in the first quarter of 2024, driven by increased demand for insurance services and successful integration of recent acquisitions.

Where can investors find more information about Gallagher?

Investors can visit Gallagher's website or contact their Investor Relations and Communications teams for the latest updates and information.

Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

AJG Stock Data

56.43B
213.78M
1.14%
86.98%
0.91%
Insurance Agencies and Brokerages
Finance and Insurance
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United States of America
ROLLING MEADOWS