ROLLING MEADOWS, Ill., Oct. 28, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Long Beach, New York-based Filos Agency, Inc. Terms of the transaction were not disclosed. Filos Agency is a retail property/casualty insurance agency serving New York area businesses and individuals. Thomas Costantakos and his team will continue to operate out of their current location as part of Gallagher Agency Alliance under the direction of Jen Tadin, head of Gallagher Select, its U.S. prop ...

Core Insights - Arthur J. Gallagher & Co. reported third-quarter 2024 adjusted net earnings of $2.26 per share, matching the Zacks Consensus Estimate, with a year-over-year increase of 13% [1] - The company's total adjusted revenues reached $2.7 billion, slightly missing the Zacks Consensus Estimate by 0.1%, but showing an 11.1% improvement year over year [2] Operational Update - Total expenses for the quarter increased by 13% year over year to $2.4 billion, driven by higher compensation, operating costs, reimbursements, interest, depreciation, and amortization [2] - Adjusted EBITDAC grew 14.3% from the prior-year quarter to $808.8 million [2] Segmental Results - **Brokerage Segment**: Revenues increased by 13% year over year to $2.3 billion, with adjusted EBITDAC climbing 16% to $797.7 million and margin expanding by 140 basis points to 33.6% [3] - **Risk Management Segment**: Revenues rose 11% year over year to $410 million, with adjusted EBITDAC improving 12.7% to $76.9 million and margin expanding by 30 basis points to 20.8% [3] - **Corporate Segment**: EBITDAC was a negative $65.8 million, compared to a negative $49.1 million in the year-ago quarter [3] Financial Update - As of September 30, 2024, total assets were $57.2 billion, up 10.9% from the end of 2023, and cash and cash equivalents doubled to $2 billion [4] - Shareholders' equity increased by 13% to $12.2 billion from December 31, 2023 [4] Dividend Update - The board of directors approved a quarterly cash dividend of 60 cents per share, payable on December 20 to shareholders of record as of December 6, 2024 [5] Acquisition Update - In the quarter, Arthur J. Gallagher closed three acquisitions with estimated annualized revenues of approximately $32.7 million [6]

ROLLING MEADOWS, Ill., Oct. 25, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Sydney, New South Wales-based Via Financial Group Pty Ltd. Terms of the transaction were not disclosed.Via Financial Group provides financial planning, wealth management and life risk advisory services to clients from multiple offices in Australia. Matthew Read, Daniel Burden, Peter Kirby, Ben Davis, Robert Wilson, Sam Haydon and their team will join Gallagher under Graham Campbell, head of Gall ...

Core Insights - Arthur J. Gallagher & Co. has acquired London-based Redington Ltd, an investment consulting firm specializing in services for pension funds, wealth managers, and institutional investors primarily in the UK [1] - The acquisition is expected to enhance Gallagher's consulting services through Redington's expertise in modeling and investment market research, aiming to improve financial security outcomes for clients [1] Company Overview - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries [1] - Redington Ltd will continue to operate under the leadership of Sylvia Pozezanac and her team, with oversight from David Piltz, head of Gallagher's UK employee benefits and HR consulting operations [1] Strategic Implications - The acquisition aligns with Gallagher's strategy to strengthen its position in the investment consulting space by integrating Redington's talent and capabilities [1] - J. Patrick Gallagher, Jr., Chairman and CEO, expressed enthusiasm about the cultural fit and the potential for enhanced service offerings to clients [1]

Arthur J. Gallagher & Co. (NYSE:AJG) Q3 2024 Earnings Conference Call October 24, 2024 5:15 PM ET Company Participants J. Patrick Gallagher - Chairman and CEO Doug Howell - Chief Financial Officer Conference Call Participants Mike Zaremski - BMO Capital Markets Rob Cox - Goldman Sachs Elyse Greenspan - Wells Fargo Gregory Peters - Raymond James Dean Criscitiello - KBW Mark Hughes - Truist Securities Alex Scott - Barclays Katie Sakys - Autonomous Research David Motemaden - Evercore ISI Grace Carter - Bank of ...

For the quarter ended September 2024, Arthur J. Gallagher (AJG) reported revenue of $2.74 billion, up 11.8% over the same period last year. EPS came in at $2.26, compared to $2.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.75 billion, representing a surprise of -0.15%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Arthur J. Gallagher (AJG) came out with quarterly earnings of $2.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this insurance and risk-management company would post earnings of $2.24 per share when it actually produced earnings of $2.26, delivering a surprise of 0.89%.Over the last four quarters, the company has surpassed consensus EPS estimates three times. ...

Arthur J. Gallagher & Co. Exhibit 99.1 NEWS RELEASE ARTHUR J. GALLAGHER & CO. ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS ROLLING MEADOWS, IL, October 24, 2024 — Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended September 30, 2024. Management will host a webcast conference call to discuss these results on Thursday, October 24, 2024 at 5:15 p.m. ET/4:15 p.m. CT. To listen to the call, and for printer-friendly formats of this release and the "CFO Commentary" a ...

ROLLING MEADOWS, Ill., Oct. 24, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended September 30, 2024.  Management will host a webcast conference call to discuss these results on Thursday, October 24, 2024 at 5:15 p.m. ET/4:15 p.m. CT.  To listen to the call, and for printer-friendly formats of this release and the "CFO Commentary" and "Supplemental Quarterly Data," which may also be referenced during the call, please visit ajg.com/IR.  Thes ...

Investors in Arthur J. Gallagher & Co.(AJG) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $125.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...