Arthur J. Gallagher & Co Stock Price, News & Analysis

Arthur J. Gallagher & Co. (AJG) reported strong Q3 2024 financial results. Total revenues increased 13% to $2.77 billion, with organic revenue growth of 6%. Net earnings grew 12% to $314.1 million, while adjusted EBITDAC margin expanded by 123 basis points. The company completed 4 new mergers during the quarter. For the first nine months of 2024, revenues increased 16%, organic growth was 8%, net earnings rose 19%, and adjusted EPS grew 17%. The company noted that global Q3 renewal premium increases remained stable, with recent U.S. hurricanes not yet significantly impacting insurance pricing in October.

Arthur J. Gallagher (NYSE: AJG) has declared a regular quarterly cash dividend of $0.60 per share on its Common Stock. The dividend will be payable on December 20, 2024 to stockholders of record as of December 6, 2024. The company operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

Arthur J. Gallagher & Co. (NYSE: AJG) has announced the release date for its third quarter 2024 earnings. The company will publish its financial results after market close on Thursday, October 24, 2024. Following the release, 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 conference call will be broadcast live on the company's website at www.ajg.com. A replay of the call will be available approximately two hours after the broadcast in the Investor Relations section under Events & Presentations. Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in about 130 countries worldwide.

Arthur J. Gallagher & Co. has announced that its subsidiary, Artex, has acquired Risk International, a Fairlawn, Ohio-based company providing outsourced risk management and employee benefits advisory services. The acquisition, completed on October 2, 2024, aims to strengthen Artex's strategic position and growth opportunities in North America.

Risk International's team, led by Todd Miller and Todd Lawrence, will continue to operate from their current location under the direction of Jennifer Gallagher, head of Artex's North American operations. The move is expected to enhance Gallagher's expertise in advisory services and expand its client relationships.

J. Patrick Gallagher, Jr., Chairman and CEO, expressed enthusiasm about welcoming the Risk International team to the Gallagher family. Arthur J. Gallagher & Co. (NYSE:AJG) is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries worldwide.

Arthur J. Gallagher & Co. (NYSE: AJG) has announced its upcoming quarterly investor meeting scheduled for Thursday, September 19, from 8:00 a.m. to 10:30 a.m. CT. The meeting will be held virtually via conference call, accessible through the company's website at www.ajg.com/irmeeting.

During the call, Gallagher's leadership will provide insights into the company's business operations and financial outlook, followed by a Q&A session with investors. A replay of the conference call will be available until September 26, 2024. Any related materials will be accessible on September 19 at 7:45 a.m. CT via https://www.ajg.com/September19materials.

Gallagher is a global insurance brokerage, risk management, and consulting services firm operating in approximately 130 countries worldwide.

Gallagher's 2024 U.S. Career Wellbeing Report highlights career development as a important factor in employee engagement and retention. Despite its importance, only 35% of employers increased focus on career wellbeing, with many prioritizing other dimensions instead. The study, based on data from over 3,500 U.S. organizations, reveals:

- 57% of employers have a formal strategy for improving employee engagement, up 9 points from 2022
- 81% offer service awards or employee recognition, up from 75% in 2023
- 43% support employees in developing and pursuing a career path
- Only 19% strive to offer interesting and challenging work

The report also emphasizes the growing importance of Diversity, Equity, and Inclusion (DEI) in workplace culture, with 45% of employers designing initiatives to align with core organizational values.

Gallagher's 2024 US Physical & Emotional Wellbeing Report reveals that only 52% of US employers effectively manage healthcare costs. Key findings include:

• 92% of organizations faced health plan premium increases, with 24% experiencing double-digit hikes
• Top cost management challenges: high medical services (68%) and specialty drugs (44%)
• 52% of employers tie GLP-1 coverage to weight management program participation
• 80% offer multiple medical plans, with CDHPs and HSAs growing in popularity
• 70% are concerned about employee stress and burnout
• Only 42% believe managers are well-equipped to refer employees to mental health support

Employers are adopting various strategies, including value-based tactics, manager training, and workplace collaboration software to address these challenges and improve employee wellbeing.

Arthur J. Gallagher & Co. (NYSE: AJG) reported its Q2 2024 financial results, showing strong growth. Revenue increased by 14% YoY to $2.736 billion, and net earnings rose to $285.4 million from $235.8 million in Q2 2023.

Brokerage segment reported revenue of $2.376 billion, up from $2.088 billion, and net earnings of $332.8 million, an increase from $290.3 million. The Risk Management segment saw revenue grow to $358.6 million from $318.6 million, with net earnings rising to $47.8 million from $36.7 million.

The company completed 12 mergers, adding $72 million in annualized revenue. Adjusted EBITDAC margin improved by over 100 basis points to 31.4%.

Chairman and CEO, J. Patrick Gallagher, Jr., expressed optimism about the company's performance and growth prospects, citing a strong M&A pipeline and positive customer business activity. The insurance renewal premiums increased globally, and the company remains in an 'enviable position.'

Arthur J. Gallagher & Co (NYSE: AJG), a global insurance brokerage and risk management firm, has declared a regular quarterly cash dividend of $0.60 per share on its Common Stock. The dividend is payable on September 20, 2024 to stockholders of record as of September 6, 2024. This announcement demonstrates the company's commitment to returning value to shareholders. AJG operates in approximately 130 countries worldwide, offering insurance brokerage, risk management, and consulting services through its owned operations and a network of correspondent brokers and consultants.