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Arthur J. Gallagher & Co.'s CEO Discusses Q3 2011 Results - Earnings Call Transcript

Arthur J. Gallagher & Co. ( AJG)

Q3 2011 Earnings Conference Call

October 26, 2011 09:15 ET

Executives

J. Patrick Gallagher, Jr. – Chairman, President, Chief Executive Officer

Doug Howell – Chief Financial Officer

Analysts

Vincent DeAugustino – Stifel Nicolaus

Ray Iardella – Macquarie Bank

Keith Walsh – Citigroup

Bob Glasspiegel – Langen McAlenney

Dan Farrell – Sterne Agee

Brian DiRubbio – Y/CAP Management

Sarah DeWitt – Barclays Capital

Scott Heleniak – RBC Capital Markets

Mark Hughes – SunTrust

Presentation

Operator

Good morning, and welcome to Arthur J. Gallagher & Company’s Third Quarter 2011 Earnings Conference Call. Participants have been placed on a listen-only mode. Your lines will be opened for questions following the presentation. (Operator Instructions) And as a reminder, today’s call is being recorded.

If you have any objections, you may disconnect at this time. Some of the comments made during this conference call including answers given in response to questions may constitute forward-looking statements within the meaning of the securities laws. These forward-looking statements are subject to certain risks and uncertainties described in the company’s reports filed with the Securities and Exchange Commission. Actual results may differ materially from those discussed today.

It is now my pleasure to introduce J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher & Company. Mr. Gallagher, you may begin.

J. Patrick Gallagher, Jr. Chairman, President, Chief Exec utive Officer

Thank you, Rob and welcome everyone. Thank you for joining us this morning for our third quarter conference call. We appreciate you being on the line today. Today I’m joined by Doug Howell, our Chief Financial Officer as well as the operating heads of our operating divisions.

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