Gallagher Issues Statement on AssuredPartners of South Florida Settlement

Arthur J. Gallagher & Co. (NYSE: AJG) issued a statement about a U.S. Department of Justice settlement involving AssuredPartners of South Florida (APSF) and AssuredPartners.

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) issued a statement about a U.S. Department of Justice settlement involving AssuredPartners of South Florida (APSF) and AssuredPartners. The conduct in question occurred February 2021–September 2022, before Gallagher's August 2025 acquisition of AssuredPartners.

Gallagher says it discovered the DOJ investigation during pre-acquisition diligence, never owned APSF, reserved the settlement amount in full, and that the settlement does not affect the purchase price paid.

Positive

• Settlement fully reserved on Gallagher's balance expectations
• Purchase price unaffected by the APSF settlement
• Investigation known to Gallagher during pre-acquisition diligence

Negative

• U.S. DOJ settlement involved AssuredPartners of South Florida
• Actions in question occurred over Feb 2021–Sep 2022

Argus Apr 8 session

+1.48% close to close Open Argus

Details

News Market Reaction – AJG

In the Apr 8 session, AJG gained 1.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement clarified that the DOJ settlement concerned actions at AssuredPartners of South Fl...

Analysis

This announcement clarified that the DOJ settlement concerned actions at AssuredPartners of South Florida between February 2021 and September 2022, before Gallagher’s August 2025 acquisition of AssuredPartners. Gallagher stated it never owned APSF, fully reserved the settlement under the purchase agreement, and that the settlement does not affect the purchase price. Investors may monitor future disclosures for any additional regulatory developments alongside the company’s global operations in approximately 130 countries.

Key Figures

Investigation period start: February 2021 Investigation period end: September 2022 AssuredPartners acquisition date: August 2025 +1 more

Investigation period start

February 2021

Actions at APSF-owned agency under DOJ investigation

Investigation period end

September 2022

Actions at APSF-owned agency under DOJ investigation

AssuredPartners acquisition date

August 2025

Gallagher’s acquisition of AssuredPartners predating DOJ settlement statement

Countries served

approximately 130 countries

Gallagher global operations footprint

Historical Context

5 past events · Latest: Apr 07

5 events

1. Apr 07

   Benefits demand study

   24h Move

   -0.8%

   UK employee benefit demand analysis highlighting protection coverage gaps.

2. Mar 30

   M&A expansion

   24h Move

   +4.3%

   Acquisition of Australian retail brokerage International Insurance Brokers Pty Ltd.

3. Mar 24

   AI survey release

   24h Move

   -0.2%

   Publication of AI adoption and risk survey results from 1,200+ businesses.

4. Mar 17

   Wealth unit acquisition

   24h Move

   -1.3%

   Acquisition of Asset Partners Private Wealth Pty Ltd in Australia.

5. Mar 16

   Employer recognition

   24h Move

   +1.8%

   Best-in-Class Employer recognition for a client in Gallagher’s survey work.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

civil settlement, u.s. department of justice

2 terms

civil settlement regulatory

"subsequent to a recent civil settlement between AssuredPartners of South Florida"

A civil settlement is an agreement reached between parties to resolve a non-criminal legal dispute without a trial, often involving a payment or corrective actions and typically without an admission of wrongdoing. For investors, settlements matter because they can create one-time costs, change future obligations, and affect a company’s reputation and regulatory risk—similar to paying a bill to avoid a long, uncertain courtroom fight.

u.s. department of justice regulatory

"AssuredPartners, Inc., and the U.S. Department of Justice ("U.S. DOJ")"

The U.S. Department of Justice is the federal agency that enforces national laws, prosecutes crimes, and brings civil lawsuits on behalf of the government — think of it as the country’s legal referee and law office. For investors, its actions matter because investigations, antitrust suits, criminal charges, or enforcement actions can lead to fines, operational limits, or reputational damage that directly affect a company’s finances and stock value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ROLLING MEADOWS, Ill., April 7, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher") today issued the following statement subsequent to a recent civil settlement between AssuredPartners of South Florida ("APSF"), AssuredPartners, Inc., and the U.S. Department of Justice ("U.S. DOJ"):

Today, the U.S. DOJ announced a settlement with APSF and AssuredPartners. The settlement is in relation to actions that occurred at an agency which was owned by APSF, from February 2021 through September 2022. This period predates Gallagher's acquisition of AssuredPartners in August 2025.

Importantly, Gallagher became aware of the government's investigation during its pre-acquisition diligence of AssuredPartners. APSF was not included in Gallagher's acquisition of AssuredPartners, and Gallagher has never owned APSF. The investigation and potential settlement were considered under the purchase agreement, the settlement amount was fully reserved, and settlement does not impact the purchase price Gallagher paid for AssuredPartners.

About Gallagher
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Contacts
Investor Relations
Sara Walsh, CFA
630-285-3593
sara_walsh@ajg.com

Kelli Murray
Media Relations
630-277-0347
Kelli_Murray@ajg.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/gallagher-issues-statement-on-assuredpartners-of-south-florida-settlement-302736316.html

SOURCE Arthur J. Gallagher & Co.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AJG announce about the AssuredPartners of South Florida settlement on April 7, 2026?

AJG said the U.S. DOJ reached a settlement with APSF and AssuredPartners, related to actions from February 2021–September 2022. According to the company, the matter predated Gallagher's August 2025 acquisition and APSF was never owned by Gallagher.

Does the APSF settlement affect the price AJG paid for AssuredPartners (NYSE: AJG)?

No, the settlement does not affect the purchase price AJG paid for AssuredPartners. According to the company, the settlement amount was fully reserved and considered under the acquisition purchase agreement.

Was AssuredPartners of South Florida (APSF) part of AJG's August 2025 acquisition?

No, APSF was not included in the acquisition and Gallagher has never owned APSF. According to the company, APSF remained separate from the AssuredPartners assets acquired in August 2025.

When did the conduct tied to the DOJ settlement occur relative to AJG's acquisition timeline?

The conduct occurred February 2021 through September 2022, which predates AJG's August 2025 acquisition of AssuredPartners. According to the company, the investigation was identified during pre-acquisition diligence.

Did AJG learn about the DOJ investigation before completing the AssuredPartners acquisition?

Yes, AJG became aware of the government's investigation during its pre-acquisition diligence of AssuredPartners. According to the company, that investigation and potential settlement were evaluated under the purchase agreement.