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. announced the acquisition of Fort Wayne-based Stewart, Brimner, Peters & Company, Inc. (SBP) on March 20, 2023. The terms of the transaction were not disclosed. SBP specializes in providing commercial and personal insurance products along with employee benefits consulting to clients in Indiana. The acquisition is expected to enhance Gallagher's capabilities in the region, leveraging SBP's strong client relationships for growth. Jason Brimner, John Brimner, Jeff Peters, and Mick Stewart will remain with SBP under Gallagher's Great Lakes operations, led by Sean Gallagher.
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On March 6, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Bay Risk Services Limited, a UK-based independent Lloyd's broker specializing in delegated underwriting authority. The terms of the acquisition were not disclosed. Bay Risk, founded in 2016, serves niche program managers and carriers, and will integrate into Gallagher Re's global programs practice. The acquisition is expected to enhance Gallagher's offerings in this domain, with the current leadership of Bay Risk continuing under Andrew Smallshaw and Robin Barker-Hahlo. This strategic move aligns with Gallagher's commitment to client excellence and market expansion.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2023, from 8:00 a.m. to 10:30 a.m. CT. The meeting will occur virtually via conference call, where the company's leadership will discuss business operations and financial outlook, followed by a Q&A session with investors.
Participants can listen to the live broadcast on Gallagher's website www.ajg.com/irmeeting. A replay will be available until March 23, 2023. Additional materials will be accessible on the same day at 7:30 a.m. CT.
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Arthur J. Gallagher & Co. (AJG) announced its financial results for Q4 2022, showcasing a 16% revenue growth driven by core brokerage and risk management segments. Adjusted net earnings reached $1.54 per share, up from $1.30 in Q4 2021. The company completed 17 acquisitions and observed a 9% rise in global primary P/C renewal premiums. For the year, total revenues reached $8.42 billion, marking a significant increase from $8.08 billion in 2021. CEO J. Patrick Gallagher highlighted strong operational performance and 11.7% organic revenue growth, positioning the company favorably for 2023.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.55 per share, reflecting a $0.04 increase from the previous quarter. The dividend will be payable on March 17, 2023, to stockholders of record as of March 3, 2023. This decision underscores the company's commitment to returning value to its shareholders and signifies financial confidence.
Gallagher, a global insurance brokerage and risk management firm, operates in approximately 130 countries, offering a wide range of services through its owned operations and a network of correspondent brokers.