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Arthur J. Gallagher & Co. Announces Fourth Quarter 2006 Earnings Release and Conference Call Dates

ITASCA, Ill., Jan. 3 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its fourth quarter 2006 earnings after the market closes on Tuesday, January 30, 2007. A printer-friendly format will be available on the company's web site shortly thereafter.

In conjunction with this release, J. Patrick Gallagher, Jr., President and CEO, will host a webcast conference call on Wednesday, January 31, 2007 at 9:00 a.m. ET/8:00 a.m. CT which will be broadcast live through Gallagher's web site at . Windows Media Player is required to listen to this webcast.

For anyone unable to listen during the live webcast, the conference call replay will be available on Gallagher's web site approximately one hour after the broadcast and can be accessed by going to Investor Relations and clicking on Presentations.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in seven countries and does business in 120 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

Statements made during this conference call, as well as responses to questions asked during the Question and Answer portion, may contain certain forward-looking statements relating to future results. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expected, depending on a variety of factors such as changes in worldwide and national economic conditions, changes in premium rates and in insurance markets generally and changes in securities and fixed income markets as well as developments in the areas of tax legislation and crude oil prices. Please refer to our filings with the Securities and Exchange Commission, including Item 1, "Business - Information Concerning Forward-Looking Statements" and Item 1A, "Risk Factors", of our Annual Report on Form 10-K, for a more detailed discussion of these factors.

SOURCE  Arthur J. Gallagher & Co.
    -0-                             01/03/2007
    /CONTACT:  Marsha J. Akin, Investor Relations, of Arthur J. Gallagher &
Co., +1-630-773-3800/
    /Web site: /

CO:  Arthur J. Gallagher & Co.
ST:  Illinois

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1988 01/03/2007 15:38 EST