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With a market cap of over $59 billion, Illinois-based Arthur J. Gallagher & Co. (AJG), founded in 1927, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. The insurance brokerage giant is expected to announce its fiscal Q2 earnings for 2024 after the market closes on Thursday, July 25.
Ahead of the event, analysts expect Arthur J. Gallagher to report a profit of $2.24 per share, up 17.9% from $1.90 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimate over the last four quarters. Its adjusted EPS for the last reported quarter increased 15.6% year over year to $3.49, beating the Wall Street estimates by 2.7%.