Arthur J. Gallagher & Co.

So companies that have that playbook have done extremely well.

Uh, um, the one that I'll just throw out as a great example of this, 'cause I did say insurance brokers, is Arthur J. Gallagher, AJG.

Uh, companies like this, it, it, it is a very, very niche tool, and there are companies out there that can do it well.

Whether or not a $150 million drone company can do it is, is yet to be seen.

[upbeat music] Hello, and welcome back to G Brands.

This episode is brought to you by Gallagher Insurance, your trusted insurance broker.

I'm Andy Rowe, and joining me is one of the greatest to have ever played the game.

Former All Blacks captain Kieran Read is in studio.

So like Leroy, he's gonna learn from it, you know.

I feel for him this week, but he'll, he'll keep moving forward.

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This week we're talking resilience because fearless isn't only the big play, it's what the player does next when the game doesn't go his way.

They really are.

It creates a very mixed setup for companies like Arthur J. Gallagher, ticker AJG, voice actor note, pronounce the letters AJG, brown and brown, ticker BRO, voice actor note.

Okay.

Pronounce the letters BRO and Willis Towers Watson, ticker WTW, voice actor note, pronounce the letters WTW.

Let's break down the dual nature of this for Arthur J. Gallagher and Brown and Brown, because on the winning side, they're actually valuation beneficiaries.

The logic goes that insurance brokers generate recurring commission and advisory revenue, which often command premium valuations.

So investors may use USI's $17 billion price tag as a benchmark to reassess the strategic value of AJG and BRO.

Right.