CFO Andy Watts added that contingent commissions increased $37 million in the quarter, including $21 million from Accession, aided by “minimal storm claim activity and higher underwriting profitability.” The effective tax rate for the quarter was 21%, down from 24.9% a year earlier, which Watts attributed to benefits from international operations and end-of-year adjustments. Shares outstanding rose by about 55 million to 339 million, primarily from shares issued for the Accession acquisition.For the fourth ...

Core Insights - Arthur J. Gallagher & Co. (AJG) is a global insurance brokerage and risk management services firm, competing with major players like Marsh & McLennan and Aon [1] - The company recently acquired Tompkins Insurance Agencies, Inc., which is expected to enhance its market presence and service offerings [3] - Insider buying by Vice President Michael Robert Pesch, who purchased 1,874 shares, indicates confidence in the company's future prospects [2] Financial Performance - AJG's current stock price is $242.98, reflecting a 2.61% decrease or a drop of $6.51 [4] - The stock has fluctuated between $239.57 and $249.49 on the day, with a yearly high of $351.23 and a low of $239.57, indicating significant volatility [4] - The company has a market capitalization of approximately $62.3 billion, showcasing its substantial size in the industry [4] - Today's trading volume is 2,115,857 shares, suggesting active investor interest [4]