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.
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Arthur J. Gallagher & Co. (NYSE: AJG) reported strong third-quarter results for 2022, with total revenues of $2.01 billion, a 5.7% decrease year-over-year. Adjusted net earnings grew 2.8% to $370.8 million, translating to $1.72 per share. Revenue from the Brokerage segment increased 15% to $1.74 billion, while Risk Management revenue rose 5.5% to $275.5 million. Year-to-date, revenues surged 22% to $6.42 billion, with adjusted EPS up 13.1% to $6.22. The company's optimistic outlook is supported by a 10.5% increase in global premium rates.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share on its common stock. This dividend will be payable on December 16, 2022 to stockholders of record as of December 2, 2022. Headquartered in Rolling Meadows, Illinois, Gallagher operates in around 130 countries, providing insurance brokerage, risk management, and consulting services through owned operations and a network of correspondent brokers.
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Arthur J. Gallagher & Co. (NYSE: AJG) will announce its third quarter 2022 earnings after market close on October 27, 2022. Following the earnings release, CEO J. Patrick Gallagher, Jr. will lead a conference call at 5:15 PM ET on the same day. Investors can access the call live on Gallagher's website, with a replay available later. The company is a global insurance brokerage and risk management firm operating in approximately 130 countries.
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation, headquartered in Buffalo, New York. This transaction will make Gallagher the preferred insurance broking partner of M&T Bank and is expected to close in Q4 2022, pending regulatory approval. Founded in 1955, MTIA specializes in property and casualty products, customized group benefits, and surety solutions, enhancing Gallagher's market presence in the New York region.
M&T Bank Corporation announced its agreement to sell M&T Insurance Agency, Inc. (MTIA) to Arthur J. Gallagher & Co. This transaction awaits regulatory approval and is projected to finalize in Q4 2022. MTIA, established in 1955, provides various insurance products in the Northeast and Mid-Atlantic regions. Post-sale, MTIA will continue operating under Gallagher, with its leadership and staff retained, allowing for enhanced service offerings.
Gallagher is a global leader in insurance brokerage and risk management, supporting operations in around 130 countries.
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Arthur J. Gallagher & Co. (NYSE: AJG) will host a quarterly management meeting on September 20, 2022, from 7:00 a.m. to 9:00 a.m. CT, via conference call. The meeting will cover the company's business operations and financial outlook, with a Q&A session for investors. Interested parties can listen live on Gallagher's website, with a replay available until September 27. Additional materials will be released on September 20 at 6:30 a.m. CT.
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