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Tompkins Financial Sells Its Subsidiary, Tompkins Insurance Agencies To Arthur J. Gallagher For ~$223M In Cash; Transaction Generates Pre-Tax Gain Of $183M

Author: Benzinga Newsdesk | November 03, 2025 09:09am

Tompkins Financial Corporation ("Tompkins" or the "Company") announced today that it has closed on the sale of its wholly owned subsidiary, Tompkins Insurance Agencies, Inc. ("TIA") to Arthur J. Gallagher & Co. ("Gallagher") (NYSE:AJG) for approximately $223 million in cash, subject to customary purchase price adjustments. The transaction generates a pre-tax gain of $183 million.


 

Posted In: AJG TMP


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