CSIMarket
 

Arthur J Gallagher and Co   (AJG)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Arthur J Gallagher And Co 's

Competitiveness


 

AJG Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Arthur J Gallagher And Co reported Revenue increase in the 3 quarter 2023 by 21.93 % year on year.
The sales growth was above Arthur J Gallagher And Co 's competitors' average revenue growth of 10.22 %, achieved in the same quarter.

List of AJG Competitors

With a net margin of 5.73 % Arthur J Gallagher And Co achieved higher profitability than its competitors.

More on AJG Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Arthur J Gallagher and Co Net Income in the 3 quarter 2023 grew year on year by 10.5%, while most of its competitors have experienced a contraction in net income by -8.61 %.

<<  AJG Stock Performance Comparisons


Arthur J Gallagher And Co 's Comment on Competitors and Industry Peers


Brokerage Segment
We were the fourth largest insurance broker worldwide based on total revenues. The insurance brokerage and service business is highly competitive and there are many insurance brokerage and service organizations and individuals throughout the world who actively compete with us in every area of our business.


Our retail and wholesale brokerage operations compete with Aon plc, Marsh & McLennan Companies, Inc. and Willis Towers Watson Public Limited Company, each of which has greater worldwide revenues than us. In addition, various other competing firms, such as Jardine Lloyd Thomson Group plc, Wells Fargo Insurance Services, Inc., Brown & Brown Inc., Hub International Ltd., Lockton Companies, Inc. and USI Holdings Corporation, operate nationally or are strong in a particular region or locality and may have, in that region or locality, an office with revenues as large as or larger than those of our corresponding local office. We believe that the primary factors determining our competitive position with other organizations in our industry are the quality of the services we render and the overall costs to our clients. In addition, for health/welfare products and benefit consultant services, we compete with larger firms such as Aon Hewitt, Mercer (a subsidiary of Marsh & McLennan Companies, Inc.), Willis Towers Watson Public Limited Company, mid-market firms such as Lockton, USI Holdings, and Wells Fargo and the benefits consulting divisions of the national public accounting firms, as well as a vast number of local and regional brokerages and agencies.


Our wholesale brokerage and binding operations compete with large wholesalers such as CRC Insurance Services, Inc., RT Specialty, AmWINS Group, Inc., Swett & Crawford Group, Inc., as well as a vast number of local and regional wholesalers.


We also compete with certain insurance companies that write insurance directly for their customers. Government benefits relating to health, disability, and retirement are also alternatives to private insurance and indirectly compete with us.

Risk Management Segment
Our risk management operation currently ranks as the world’s largest property/casualty third party claims administrator based on revenues, according to Business Insurance magazine’s March 30, 2015 edition. While many global and regional claims administrators operate within this space, we compete directly with Sedgwick Claims Management Services, Inc., Broadspire Services, Inc. (a subsidiary of Crawford & Company), ESIS (a subsidiary of ACE Limited) and CorVel. Several large insurance companies, such as Travelers and Zurich Insurance, also maintain their own claims administration units, which can be strong competitors. In addition, we compete with various smaller third party claims administrators on a regional level. We believe that the primary factor determining our competitive position is reputation for outstanding service and the ability to resolve customers’ losses in the most cost-efficient manner possible.





  

Overall company Market Share Q3 2023

Due to strong revenue growth of 21.93 % in Overall company Arthur J Gallagher and Co improved its market share, to approximately 16.01 %.


<<  More on AJG Market Share.
 
*Market share is calculated based on total revenue.

  News about Arthur J Gallagher and Co Contracts

Eastern Bankshares, Inc announced today the successful completion of the asset sale of Eastern Insurance Group LLC (Eastern Insurance), its insurance operations, to Arthur J Gallagher & Co This strategic move allows Eastern Bankshares to concentrate on the growth of its core banking business

Eastern Bankshares, Inc. announced today the successful co...





Who are Arthur J Gallagher and Co 's Competitors?




Aon Plc
Share Performance



+6.73%
One Year



Aon Plc
Profile

Aon Plc operates as a professional services firm that provides a range of risk, retirement, and health solutions to clients. It offers innovative and tailored solutions to help businesses manage their risks and maximize their opportunities.

More about Aon Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 68,397.928 mill. $ 13,407.000 mill. $ 2,628.000 mill.


Truist Financial Corporation
Share Performance



+8.89%
30 Days



Truist Financial Corporation
Profile

Truist Financial Corporation operates under a diversified business model providing various financial services to its clients. Primarily focused on consumer and commercial banking, Truist offers a wide range of solutions including lending, investment management, insurance, and wealth management. By combining the strengths of its predecessor banks, the company aims to deliver exceptional service and innovative solutions to help individuals and businesses achieve their financial goals.

More about Truist Financial Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 50,087.339 mill. $ 21,281.000 mill. $ -1,047.000 mill.


Cullen
Share Performance



-1.93%
This Year



Cullen
Profile

The Cullen business model is a form of corporate social responsibility where a company's profits are dedicated to funding philanthropic initiatives and addressing social issues, thus creating a positive impact in the community. It focuses on using business resources and expertise to drive social change while also generating financial returns.

More about Cullen's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,942.228 mill. $ 1,941.035 mill. $ 597.973 mill.


Old National Bancorp
Share Performance



-0.88%
This Year



Old National Bancorp
Profile

Old National Bancorp is a financial holding company that primarily operates through its subsidiary, Old National Bank. It offers a range of banking services, including commercial and consumer banking, mortgage lending, wealth management, and insurance products, catering to individual customers, small businesses, and large corporations.

More about Old National Bancorp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,920.622 mill. $ 1,777.608 mill. $ 581.992 mill.


Univest Financial Corporation
Share Performance



-10.23%
This Year



Univest Financial Corporation
Profile

Univest Financial Corporation operates as a diversified financial services company. It provides banking, insurance, investment, and wealth management services to individuals and businesses. By offering a range of financial products and services, Univest aims to meet the diverse needs of its customers and maintain a strong presence in the financial industry.

More about Univest Financial Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 582.404 mill. $ 286.051 mill. $ 71.104 mill.


Summit Financial Group Inc
Share Performance



-15.04%
This Year



Summit Financial Group Inc
Profile

Summit Financial Group Inc's business model focuses on providing financial services and solutions to individuals, businesses, and institutions.

More about Summit Financial Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 364.970 mill. $ 165.195 mill. $ 54.339 mill.


Unum Group
Share Performance



+8.71%
30 Days



Unum Group
Profile

Unum Group operates as a provider of disability insurance, life insurance, and other employee benefits solutions. Their business model revolves around offering a range of insurance products and services to employers and individuals, aiming to protect their financial well-being in the event of illness, injury, or death.

More about Unum Group's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,598.263 mill. $ 12,385.900 mill. $ 1,283.800 mill.


Primerica Inc
Share Performance



+21.40%
This Year



Primerica Inc
Profile

Primerica Inc operates as a multi-level marketing company that offers financial products and services, including life insurance, mutual funds, and debt consolidation loans, through a network of independent representatives. Their representatives earn commissions through selling these products and recruiting others to join the business.

More about Primerica Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,043.264 mill. $ 2,776.289 mill. $ 553.513 mill.


Brown and Brown Inc
Share Performance



+23.73%
This Year



Brown and Brown Inc
Profile

Brown and Brown Inc's business model is focused on providing insurance and risk management solutions to individuals and businesses. They act as an intermediary between insurance carriers and clients, offering a diverse range of insurance products and services tailored to meet specific needs. Through their extensive network and expertise, they aim to provide personalized solutions and excellent customer service.

More about Brown and Brown Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 24,835.945 mill. $ 4,132.400 mill. $ 747.000 mill.


Erie Indemnity Company
Share Performance



+78.93%
One Year



Erie Indemnity Company
Profile

Erie Indemnity Company operates as a management company for the Erie Insurance Exchange, providing administrative and support services to the exchange and its policyholders, while also offering comprehensive property and casualty insurance products and services to individuals and businesses. Its business model revolves around providing policy administration, claims handling, and customer support, serving as the backbone for its insurance exchange's operations and delivering insurance coverage to its clients.

More about Erie Indemnity Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21,228.948 mill. $ 3,297.908 mill. $ 446.061 mill.


Travelers Companies inc
Share Performance



+2.54%
Over The Past 5 Days



Travelers Companies inc
Profile

The Travelers Companies Inc operates as an insurance company providing a range of property and casualty insurance products and services to businesses and individuals. Their business model centers around underwriting insurance policies and generating revenue through premiums while managing risks and paying out claims.

More about Travelers Companies inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 53,819.292 mill. $ 41,364.000 mill. $ 2,991.000 mill.


Assured Guaranty Ltd
Share Performance



-3.31%
Over The Past 5 Days



Assured Guaranty Ltd
Profile

Assured Guaranty Ltd operates as a financial guaranty insurance company, providing insurance and credit enhancement solutions for debt securities issued in the public and private sectors. Their business model revolves around assessing and managing credit risk, offering guarantees that protect investors against default and enabling issuers to access capital markets at more favorable terms.

More about Assured Guaranty Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,394.700 mill. $ 1,373.000 mill. $ 761.000 mill.



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com