Stock Data
$3.62 (1.44%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
INSURANCE BROKERS
Arthur J. Gallagher & Company is a global leader in insurance and reinsurance brokerage, consulting, and claims management services. With a rich history dating back to 1927, it operates through two main segments: Brokerage and Risk Management. The company excels in offering comprehensive services including retail and wholesale brokerage, specialized insurance placement, and risk of loss management. It also provides contract claim settlement and administration, catering to a diverse clientele including commercial, industrial, and nonprofit entities. Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher & Company is renowned for its extensive network of brokers and consultants, ensuring top-notch service worldwide.
Gallagher narrowly beat adjusted earnings while revenue fell short, as the AssuredPartners deal's $301 million integration hit masked organic growth across both its Brokerage and Risk Management segments. The insurance broker's 24% revenue surge was driven almost entirely by the massive acquisition, while GAAP profits fell 11% year-over-year despite client retention remaining strong and new business generation staying robust.
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