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February 10, 2016 7:42 PM ET

Insurance

Company Overview of Arthur J Gallagher & Co.

Company Overview

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally. It operates through three segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale brokerage operations. Its retail brokerage operations negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange retirement solutions for middle-market commercial, industrial, public entity, religious, and not-for-profit entities. This segment’s wholesale brokerage operations assist company’s brokers, and other unaffiliated brokers and agents in the pla...

Two Pierce Place

Itasca, IL 60143

United States

Founded in 1927

21,537 Employees

Phone:

630-773-3800

Key Executives for Arthur J Gallagher & Co.

Executive Chairman, Chief Executive Officer and President
Age: 63
Total Annual Compensation: $1.0M
Chief Financial Officer and Corporate Vice President
Age: 62
Total Annual Compensation: $750.0K
President of Retail Property/Casualty Brokerage
Age: 63
Total Annual Compensation: $800.0K
Corporate Vice President and President of Employee Benefit Consulting & Brokerage
Age: 62
Total Annual Compensation: $725.0K
Corporate Vice President and Chairman of International Brokerage Operation
Age: 56
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2014.

Arthur J Gallagher & Co. Key Developments

Arthur J Gallagher & Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Arthur J Gallagher & Co. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced revenues of $1,334.9 million compared to $1,245.4 million for the same period a year ago. Earnings before income taxes were $28.4 million compared to $30.3 million for the same period a year ago. Net earnings were $68.2 million compared to $55.5 million for the same period a year ago. Diluted net earnings per share were $0.35 compared to $0.31 for the same period a year ago. EBITDAC was $162.7 million compared to $130.5 million for the same period a year ago. Adjusted EBITDAC was $210.9 million against $189.0 million a year ago. For the full year, the company announced revenues of $5,392.4 million compared to $4,626.5 million for the same period a year ago. Earnings before income taxes were $293.5 million compared to $291.5 million for the same period a year ago. Net earnings were $389.1 million compared to $327.5 million for the same period a year ago. Diluted net earnings per share were $2.06 compared to $1.97 for the same period a year ago. EBITDAC was $771.3 million compared to $656.9 million for the same period a year ago. Adjusted EBITDAC was $866.8 million against $709.5 million a year ago.

Arthur J. Gallagher & Co. Announces Executive Changes

Arthur J. Gallagher & Co. announced a leadership transition in its U.S. Wholesale Brokerage Business. After an impressive career, Chairman of Risk Placement Services Inc. (RPS) David E. (Dave) McGurn, Jr. has decided to step away from his daily responsibilities. He will be taking on a new role with Gallagher as a special advisor, providing strategic guidance to the company's growing wholesale and retail operations. In his place, Joel D. Cavaness, current President of RPS, will join the Gallagher Executive Management Committee reporting directly to J. Patrick (Pat) Gallagher, Jr., Chairman, President and Chief Executive Officer of Arthur J. Gallagher & Co. Cavaness will continue to provide day-to-day leadership for the business unit. Dave joined Gallagher in 1978 as an Account Executive, moving up the leadership ranks from Unit Sales Manager, to Divisional Executive Vice President, to Divisional Chairman. As President of Risk Placement Services (RPS), Joel heads up one of the nation's Managing General Agents and fast-growing Property & Casualty wholesalers.

Arthur J. Gallagher & Co. Declares Quarterly Cash Dividend Payable on March 18, 2016

Arthur J. Gallagher & Co. announced that its Board of Directors declared a thirty eight cents ($0.38) per share quarterly cash dividend on the company's common stock, a $0.01 increase over the prior quarter's dividend. The dividend will be payable on March 18, 2016 to stockholders of record as of March 4, 2016.

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