Company
Arthur J. Gallagher & Co.
Headquarters: Rolling Meadows, IL, United States
Founded: 1927
Employees: 39,000
CEO: Mr. J. Patrick Gallagher Jr.
Market Cap
$48.77 Billion
USD as of Jan. 1, 2024
Arthur J. Gallagher & Co. Categories
United States Financials Insurance BrokersUnited States Financials United States Insurance Brokers
Company Description
Arthur J. Gallagher & Co., often abbreviated AJG, is a global insurance brokerage and risk management services company. Founded in 1927 and headquartered in Rolling Meadows, Illinois, AJG has become one of the largest insurance brokers in the world, operating in the Americas, Europe, Asia, and Oceania through local insurance brokering subsidiaries.
Top Competitors by Market Capitalization
Industry: Insurance Brokers
| Company | Market Cap (USD) |
|---|---|
| Marsh & McLennan Companies, Inc. | $94.42 B |
| Aon Plc | $58.24 B |
| Willis Towers Watson plc | $24.85 B |
| Brown & Brown, Inc. | $20.06 B |
| Erie Indemnity Company | $17.42 B |
Sector:
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| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments. The Brokerage segment consists of retail and wholesale insurance brokerage operations; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverage's to underwriting enterprises. This segment also performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers brokerage and consulting services to businesses and organizations, including commercial, not-for-profit, and public entities, as well as individuals in the areas of insurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services to enterprises and public entities; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent insurance brokers and consultants. It serves commercial, industrial, public, religious, and not-for-profit entities. The company was incorporated in 1927 and is headquartered in Rolling Meadows, Illinois.
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Stocks & Indices
Arthur J. Gallagher & Co. has the following listings and related stock indices.
Stock: NYSE: AJG wb_incandescent
Stock: BMV: AJG wb_incandescent
Stock: Bovespa: A1JG34 wb_incandescent
Stock: FSX: GAH wb_incandescent
Product & Services
InsuranceReinsurance
Key People
Founder(s): Arthur J. Gallagher
J. Patrick Gallagher, Jr. (chairman, president, & CEO); Douglas K. Howell (vice president & CFO)
Financials
Revenue: US$7.003 Billion (Fiscal Year Ended December 31, 2020)
Operating income: US$906.5 Million (Fiscal Year Ended December 31, 2020)
Net income: US$858.1 Million (Fiscal Year Ended December 31, 2020)
Total assets: US$22.331 Billion (Fiscal Year Ended December 31, 2020)
Total equity: US$6.232 Billion (Fiscal Year Ended December 31, 2020)