Arthur J. Gallagher says DOJ settlement does not impact AssuredPartners price

Arthur J. Gallagher (AJG) issued the following statement subsequent to a recent civil settlement between AssuredPartners of South Florida, AssuredPartners, Inc., and the U.S. Department of Justice: “Today, the U.S. DOJ announced a settlement with APSF and AssuredPartners. The settlement is in relation to actions that occurred at an agency which was owned by APSF, from February 2021 through September 2022. This period predates Gallagher’s acquisition of AssuredPartners in August 2025. Importantly, Gallagher became aware of the government’s investigation during its pre-acquisition diligence of AssuredPartners. APSF was not included in Gallagher’s acquisition of AssuredPartners, and Gallagher has never owned APSF. The investigation and potential settlement were considered under the purchase agreement, the settlement amount was fully reserved, and settlement does not impact the purchase price Gallagher paid for AssuredPartners.”