November 19, 2017 9:13 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. Its Brokerage segment consists of retail and wholesale insurance brokerage operations. The company’s retail brokerage operations negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange and retirement solutions primarily for middle-market commercial, industrial, public entity, religious, and not-for-profit entities. This segment’s wholesale brokerage operations assist brokers and agents in the placement of specialized and hard-to-place insurance programs. It also acts as a brokerage...

Two Pierce Place

Itasca, IL 60143

United States

Founded in 1927

24,790 Employees

Phone:

630-773-3800

Key Executives for Arthur J. Gallagher & Co.

Chief Financial Officer and Corporate Vice President
Age: 55
Total Annual Compensation: $850.0K
CEO of Global Retail Property/Casualty Brokerage Operation and Corporate Vice President
Age: 58
Total Annual Compensation: $750.0K
Executive Vice President of Midwest Region
Total Annual Compensation: $1.0M
Chairman of Global Retail Property/Casualty Brokerage Operation and Corporate Vice President
Age: 65
Total Annual Compensation: $800.0K
Chairman of Employee Benefits Consulting & Brokerage Operation and Corporate Vice President
Age: 67
Total Annual Compensation: $725.0K
Compensation as of Fiscal Year 2016.

Arthur J. Gallagher & Co. Key Developments

Arthur J. Gallagher & Co. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

Arthur J. Gallagher & Co. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of $1,584.5 million against $1,482.3 million a year ago. Earnings before income taxes were $96.7 million against $94.9 million a year ago. Net earnings attributable to controlling interests were $130.4 million or $0.71 diluted per share against $122.8 million or $0.69 diluted per share a year ago. EBITDAC was $238.8 million against $216.4 million a year ago. Adjusted diluted earnings per share was $0.81 compared to $0.77 a year ago. Adjusted revenues were $1,583.9 million against $1,489.2 million a year ago. Adjusted net earnings were $154.7 million against $145.1 million a year ago. Adjusted EBITDAC was $254.8 million against $238.0 million a year ago. For the nine months, the company reported revenues of $4,560.6 million against $4,209.8 million a year ago. Earnings before income taxes were $296.0 million against $288.1 million a year ago. Net earnings attributable to controlling interests were $358.0 million or $1.97 diluted per share against $319.3 million or $1.79 diluted per share a year ago. EBITDAC was $705.6 million against $652.3 million a year ago. Adjusted diluted earnings per share was $2.24 compared to $2.07 a year ago. Adjusted revenues were $4,560.6 million against $4,177.6 million a year ago. Adjusted net earnings were $435.0 million against $393.1 million a year ago. Adjusted EBITDAC was $759.2 million against $709.4 million a year ago.

Arthur J. Gallagher & Co. Seeks Acquisitions

Arthur J. Gallagher & Co. (NYSE:AJG) is looking for acquisitions. Arthur J. Gallagher & Co., Executive Chairman, Chief Executive Officer and President said, "We just finished our engagement survey globally. We had 93% participate in taking our survey. 95% of the people that answered the survey said they understood the Gallagher culture to be unique and important, and that's across those geographies. And so the name is getting out there more and more. Tuck-in acquisitions are -- the pipeline is growing and is solid in every one of those locations. So we're seeing opportunities in New Zealand, Australia, Canada, the U.K. and Latin America. And of course, the United States is very robust."

Arthur J. Gallagher & Co. Announces Regular Fourth Quarter Dividend, Payable on December 15, 2017

Arthur J. Gallagher & Co. declared a regular quarterly cash dividend of $0.39 per share on the Common Stock of the Company, payable on December 15, 2017 to Stockholders of Record as of December 1, 2017.

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