Every material Form 8-K Arthur J. Gallagher & filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 7, 2024, Arthur J. Gallagher & Co. agreed to buy all outstanding stock of Dolphin TopCo, the parent of AssuredPartners, for $13.45 billion in cash, subject to customary adjustments. The company has a commitment for a $13.45 billion 364-day bridge loan and expects to finance the deal with long-term debt, short-term borrowings, free cash and common equity. The company estimates the deal would be 10 to 12% accretive to trailing adjusted EPS, but it also expects about $500 million in integration costs, so higher leverage and integration spending are key considerations for shareholders.
Purchase price of $13.45 billion in cash; net consideration is about $12.45 billion after an estimated $1.0 billion deferred tax asset.
Bridge facility commitment of $13.45 billion from Bank of America, BofA Securities and Morgan Stanley Senior Funding.
Expected to close in the first quarter of 2025, subject to U.S., U.K. and Ireland regulatory clearances; outside date March 9, 2026, extendable to July 7, 2026.
Expected synergies of about $160 million and integration costs of about $500 million, including $200 million of non-cash retention awards, over three years.
Arthur J. Gallagher & Co. reported third-quarter 2024 results on October 24, 2024. Revenues before reimbursements were $2,766.5 million, up from $2,453.6 million a year earlier, and net earnings were $314.1 million versus $283.2 million. The company also made a CFO Commentary containing estimates for 2024 and other future results available, but the filing does not state a change to guidance.
Total revenues before reimbursements: $2,766.5 million in Q3 2024 vs. $2,453.6 million in Q3 2023.
Diluted net earnings per share: $1.39 vs. $1.28; adjusted EPS (non-GAAP): $2.26 vs. $2.00.
Nine-month net earnings: $1,212.2 million in 2024 vs. $1,005.6 million in 2023.
Supplemental Quarterly Data and CFO Commentary posted on the investor relations page; webcast held October 24, 2024 at 5:15 p.m. ET.
Arthur J. Gallagher & Co. reported second quarter 2024 results with higher revenues and earnings than a year earlier, including total company revenues before reimbursements of $2.7 billion, up from $2.4 billion, and diluted EPS of $1.26, up from $1.07. The board also expanded from nine to ten directors and appointed Richard Harries to fill the new seat, effective July 24, 2024.
Total company revenues before reimbursements were $2.7 billion ($2,736.0 million) for the quarter ended June 30, 2024, versus $2.4 billion ($2,406.9 million) a year earlier.
Net earnings were $285.4 million versus $235.8 million; diluted EPS was $1.26 versus $1.07, and adjusted EPS was $2.26 versus $1.89.
Richard Harries was appointed to the board on July 24, 2024, serves until the 2025 Annual Meeting, and joins the Audit and Risk and Compliance Committees.
The CFO Commentary, posted on the investor relations page, includes estimates for 2024 and other future results.
Arthur J. Gallagher & Co. reported first-quarter 2024 results on April 25, 2024, with revenue of $3.22 billion, up from $2.67 billion a year earlier, and net earnings of $612.7 million, up from $486.6 million. Diluted earnings per share were $2.74 versus $2.24, and adjusted EPS was $3.49 versus $3.02, so the headline measures improved for shareholders.
Total revenues as reported were $3,218.1 million for Q1 2024 versus $2,672.9 million for Q1 2023.
Diluted EPS was $2.74 as reported and $3.49 as adjusted, compared with $2.24 and $3.02 a year earlier.
Adjusted EBITDAC was $1,145.5 million versus $957.2 million, and the company closed $1.0 billion of senior notes on February 12, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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