Welcome to our dedicated page for Arthur J. Gallagher & Co news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co stock.
Arthur J. Gallagher & Co. (NYSE: AJG) is a global leader in insurance brokerage and risk management services, serving clients across 130+ countries. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and market positioning.
Access timely AJG press releases covering earnings reports, merger & acquisition activity, leadership changes, and regulatory filings. Our curated collection simplifies tracking of the company’s expansion in wholesale brokerage, employee benefits consulting, and specialty risk solutions.
Key updates include operational milestones, partnership announcements, and industry recognition relevant to Gallagher’s core segments: retail/wholesale brokerage, risk management services, and consulting operations. Stay informed about strategic acquisitions that enhance the company’s global capabilities in property/casualty insurance and alternative risk transfer markets.
Bookmark this page for direct access to primary source materials and analysis-neutral reporting on AJG’s financial performance and corporate governance. Regularly updated to serve as your definitive resource for understanding Gallagher’s market position in the evolving insurance sector.
Arthur J. Gallagher & Co. (NYSE: AJG) announced an agreement to acquire the treaty reinsurance brokerage operations of Willis Towers Watson for an initial gross consideration of $3.25 billion, with potential additional payments of $750 million based on revenue targets. This strategic acquisition aims to enhance Gallagher's global reinsurance brokerage offerings, expected to generate $745 million in pro forma revenue and $265 million in EBITDAC for 2020. The integration will take about three years, with estimated non-recurring costs of $250 million.
Arthur J. Gallagher & Co. has acquired a majority stake in the Turkish specialty broker Brokers' House. The transaction details remain undisclosed. Brokers' House operates in Istanbul, offering a variety of commercial insurance and facultative reinsurance services, and has been a Gallagher Global Network partner since 2014. Key executives Gündüz Tezel and Levent Özbilen will continue with the company. This acquisition presents Gallagher with a strategic opportunity to enter the Turkish specialty market, with an emphasis on expanding client offerings in collaboration with the existing team.
Arthur J. Gallagher & Co. (AJG) reported Q2 2021 revenues of $1.897 billion, up 22% year-over-year, with adjusted net earnings of $253.2 million, representing an 18% increase. The brokerage segment saw a remarkable 17% revenue growth, with organic growth at 8.6%. The company completed 8 tuck-in mergers, adding approximately $70 million in annualized revenues. A new $1.5 billion share repurchase plan has been authorized, replacing the previous one.
Gallagher's effective tax rate for Q2 was 9.2%, and they anticipate continued revenue benefits from improving economic conditions.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the appointment of Teresa H. Clarke to its Board of Directors on July 28, 2021. Clarke, who is the Chair and CEO of Africa.com LLC, brings extensive experience from her previous role as a Managing Director at Goldman Sachs. The company expressed confidence that her financial, marketing, and technology expertise will provide valuable insights to the Board's decision-making process. Gallagher operates in 56 countries, enhancing its global reach in insurance brokerage and risk management.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.48 per share on July 28, 2021. This dividend is payable on September 17, 2021 to stockholders of record as of September 3, 2021. The company is a global leader in insurance brokerage, risk management, and consulting services, operating in 56 countries and providing services in more than 150 countries.
Arthur J. Gallagher & Co. (NYSE: AJG) announced on July 26, 2021, the termination of its acquisition agreement for certain Willis Towers Watson plc brokerage operations. This decision follows Aon plc's termination of their combination agreement with Willis Towers Watson. Gallagher plans to utilize its $650 million tranche of 10-year senior notes and is exploring opportunities for deploying excess cash, including potential share repurchases. Further details are expected in the upcoming earnings call on July 29, 2021.
Arthur J. Gallagher & Co. (NYSE: AJG) will announce its second quarter 2021 earnings on July 29, 2021, after market close. The earnings release will be accessible on the company's website. Following this, a conference call hosted by J. Patrick Gallagher, Jr., Chairman, President and CEO, is scheduled for 5:15 PM ET on the same day. This call will be streamed live on the company's website, with a replay available shortly after the broadcast. Gallagher operates in 56 countries and serves clients through a network in over 150 countries.
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