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Arthur J. Gallagher & Co. reports developments tied to its global insurance brokerage, risk management and consulting services business. Company news commonly covers quarterly financial results, dividend declarations, acquisition activity, and updates from its brokerage and risk management operations across owned offices and correspondent broker and consultant networks in approximately 130 countries.
Recurring updates also include product and service initiatives such as Gallagher Blueprint, which combines AI-driven analytics, proprietary data and specialist expertise for client risk profiles and insurance program planning. Gallagher news also covers research on business risk topics, acquisition integration, and additions to retail brokerage, employee benefits, HR consulting and wealth management capabilities in markets such as Australia.
Arthur J. Gallagher & Co. (NYSE:AJG) announced that its subsidiary, Gallagher Bassett, has acquired W K Webster & Co , a specialist in marine and transit claims management. W K Webster, headquartered in London with offices in Singapore, the United States, and the Netherlands, provides comprehensive services to insurers and self-insured corporations globally.
The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under Manan Sagar's direction, who heads Gallagher Bassett's Europe, Middle East and Asia operations. The financial terms of the transaction were not disclosed.
This acquisition strengthens Gallagher Bassett's specialty capabilities globally in the marine and transit claims services sector.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong Q4 2024 financial results, with total revenue reaching $2.68 billion. The company's core brokerage and risk management segments delivered their 16th consecutive quarter of double-digit revenue growth, including 7% organic revenue growth.
Key Q4 2024 highlights:
- Net earnings: $258.2 million vs -$39.6 million in Q4 2023
- Adjusted EBITDAC: $805.0 million, up 17% from Q4 2023
- Diluted earnings per share: $1.12 vs -$0.15 in Q4 2023
- Adjusted diluted earnings per share: $2.13 vs $1.82 in Q4 2023
The company completed 20 new mergers in Q4, bringing the 2024 total to 48 mergers with $387 million in estimated annualized revenue. In December, AJG announced the acquisition of AssuredPartners for $13.45 billion, funded through $8.5 billion in common stock offering and $5.0 billion in senior notes.
Arthur J. Gallagher & Co. (NYSE: AJG) has announced an increase in its quarterly cash dividend to $0.65 per share, representing a $0.05 increase from the previous quarter. The dividend will be payable on March 21, 2025, to stockholders of record as of March 7, 2025.
The company, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, operates in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Wealth Management Partners Pty (WMP), a Perth-based financial planning firm specializing in retirement plan risk management. The acquisition strengthens Gallagher's financial wellbeing consulting capabilities in Australia.
WMP's current team, including Steve Beattie, Troy Hartley, Janusz Mazurek, and Adrian Whitaker, will continue operating from their existing location under Graham Campbell's leadership, who heads Gallagher's employee benefits and HR consulting operations in Australia. The financial terms of the transaction were not disclosed.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries worldwide through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE: AJG) has announced it will release its fourth quarter 2024 earnings after market close on Thursday, January 30, 2025. The company's Chairman and CEO, J. Patrick Gallagher, Jr., will host a conference call at 5:15 pm ET/4:15 pm CT on the same day.
The earnings conference call will be broadcast live through Gallagher's website, with a replay available approximately two hours after the broadcast in the Investor Relations section under Events & Presentations. The global insurance brokerage, risk management and consulting services firm operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Encore Insurance Services Inc. (Encore Group), a Waterloo, Ontario-based retail insurance brokerage firm. The acquired company specializes in serving commercial clients in Ontario, with particular focus on manufacturing, construction, and financial institutions sectors.
Following the acquisition, Encore Group's leadership team, including Joe Dalton and Scott Heaman, will continue operating from their current location under Dave Partington's direction, who heads Gallagher's Canadian retail property/casualty brokerage operations.
While the financial terms remain undisclosed, this strategic acquisition aligns with Gallagher's expansion in Canada, complementing their existing retail brokerage capabilities. As a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, Gallagher maintains operations in approximately 130 countries worldwide through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of BMR Insurance, a Tustin, California-based retail insurance agency. BMR Insurance, operating as Murray Gardner Insurance Agency Inc., serves commercial and personal lines clients primarily in Southern California.
The BMR team, led by Gary Arch, will maintain their current location under Scott Firestone's direction, who heads Gallagher's Southwest region retail property/casualty brokerage operations. Chairman and CEO J. Patrick Gallagher, Jr. highlighted the cultural alignment between the companies and welcomed the expansion of their retail brokerage capabilities in Southern California.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm across approximately 130 countries. Financial terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Afina Insurance Advisors Inc., a property/casualty insurance broker based in Oakbrook Terrace, Illinois, serving the greater Chicago area. The financial terms were not disclosed. George Van Denend and his team will maintain their current location, operating under Ryan Isaacs, who heads Gallagher's Midwest region retail property/casualty brokerage operations.
The acquisition aims to complement Gallagher's existing retail brokerage capabilities in the Chicago area through Afina Insurance's niche expertise. Gallagher currently provides insurance brokerage, risk management, and consulting services across approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Durham & Bates Agencies, a Portland, Oregon-based full-service insurance broker. Durham & Bates specializes in property/casualty, marine, and employee benefits services in the Pacific Northwest region.
The existing team, including Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, and David Hearns, will maintain their current location. They will operate under Jim Buckley, who heads Gallagher's Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, leader of Gallagher's West region employee benefits consulting operations.
While the transaction terms remain undisclosed, Chairman and CEO J. Patrick Gallagher, Jr. highlighted that this acquisition enhances their Pacific Northwest capabilities and presents significant growth opportunities through Durham & Bates' marine expertise.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of DMc Insurance Partners, an Austin, Texas-based personal lines insurance agency. The acquired company serves individuals and small business owners in Austin. John McNulty, Scott Durkin, and their team will continue operations from their current location under Gino Bonacci, head of personal lines for Gallagher's U.S. retail property/casualty brokerage operations.
The acquisition aims to strengthen Gallagher's personal lines and small business capabilities in the Austin market. Financial terms of the transaction were not disclosed.