Arthur J. Gallagher & Co. (NYSE:AJG) is looking for M&A opportunities. Douglas Howell, Chief Financial Officer said, " At December 31, available cash on hand was about $325 million.

Our current cash position, combined with strong expected cash flows and incremental borrowing positions us well for our pipeline of M&A opportunities. In total, we estimate towards $3 billion to fund potential M&A opportunities during '23, which would include paying for Buck. And also yesterday, our Board of Directors approved an increase in our quarterly dividend by $0.04 per share.

That would imply an annual payout of $2.20 per share. That's a 7.8% increase over '22. So with a strong organic outlook, margin expansion opportunities and an ever-growing M&A pipeline, from my vantage point as CFO, we are extremely well positioned for another fantastic year in '23.

I'd like to thank the entire Gallagher team for another great quarter and outstanding year.