Group 1 - Arthur J. Gallagher & Co. has acquired Scout Benefits Group LLC, based in Oklahoma City, Oklahoma, although the terms of the transaction were not disclosed [1] - Scout Benefits Group specializes in employee benefits consulting services, particularly focusing on health plan strategies, and primarily serves clients in Oklahoma [2] - The acquisition is expected to enhance Gallagher's capabilities in benefits consulting, as stated by J. Patrick Gallagher, Jr., the Chairman and CEO, who expressed delight in welcoming the Scout team [3] Group 2 - 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 [3]

ROLLING MEADOWS, Ill., Nov. 4, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Altadena, California-based American Matar International, Inc., dba Statewide Commercial Insurance Brokers. Terms of the transaction were not disclosed.Statewide Commercial Insurance Brokers is a retail property/casualty insurance agency specializing in construction contractors for commercial clients in California and several other U.S. states. Lana Matar and her team will remain in their current ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-09761 ARTHUR J. GALLAGHER & CO. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | --- | ...

ROLLING MEADOWS, Ill., Oct. 29, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Snoqualmie, Washington-based Adept Benefits, LLC. Terms of the transaction were not disclosed. Adept Benefits is a health and benefits consulting firm serving clients in the greater Seattle area. Megan Narrance and her team will remain in their current location under the direction of Charlie Isaacs, head of Gallagher's West region employee benefits consulting operations. "Adept Benefits has a st ...

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 ...