Arthur J Gallagher and Company (AJG)

ARTHUR J. GALLAGHER & CO. TO HOST REGULARLY SCHEDULED QUARTERLY INVESTOR MEETING WITH MANAGEMENTJune 3, 2026 4:01 PM
PR Newswire (US) ROLLING MEADOWS, Ill., June 3, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. will be hosting its regularly scheduled quarterly management meeting on Wednesday, June 17, from 8:00 a.m. until approximately 10:30 a.m. CT. This quarter's meeting will take place virtually via conference call.  During the call, the company's operating and financial leaders will present background information and commentary on the company's business operations and financial outlook, and will take questions from the investment community.The conference call will be broadcast live through Gallagher's website at www.ajg.com/irmeeting, and a conference call replay will be available at the same link through June 24, 2026.  Any information distributed in conjunction with this meeting will be available on June 17 at 7:45 a.m. CT at https://www.ajg.com/June17materials.Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:
Sara Walsh
(630) 285-3593/ sara_walsh@ajg.com View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-to-host-regularly-scheduled-quarterly-investor-meeting-with-management-302790604.htmlSOURCE Arthur J. Gallagher & Co. Original: ARTHUR J. GALLAGHER & CO. TO HOST REGULARLY SCHEDULED QUARTERLY INVESTOR MEETING WITH MANAGEMENT

Arthur J. Gallagher & Co. Acquires Twin Elms, LLCMay 26, 2026 9:00 AM
PR Newswire (US) ROLLING MEADOWS, Ill., May 26, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of West Palm Beach, Florida-based Twin Elms, LLC. Terms of the transaction were not disclosed. Twin Elms is a retail insurance broker specializing in environmental insurance products and services for US clients. Scott Houldin, Karl Touet and their team will remain in their current location under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations."Twin Elms is a highly regarded agency whose niche expertise will further enhance our environmental brokerage offerings," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Scott, Karl and their associates to Gallagher."Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Investor Relations: Sara Walsh, CFAMedia Relations: Paul Day630-285-3593 / sara_walsh@ajg.com   630-285-5946 / paul_day1@ajg.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-twin-elms-llc-302779856.htmlSOURCE Arthur J. Gallagher & Co. Original: Arthur J. Gallagher & Co. Acquires Twin Elms, LLC

Arthur J. Gallagher & Co. Acquires Mays Brown SolicitorsMay 11, 2026 3:00 AM
PR Newswire (US) ROLLING MEADOWS, Ill., May 11, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired London, UK-based Mays Brown Limited, dba Mays Brown Solicitors. Terms of the transaction were not disclosed. Mays Brown Solicitors is a boutique law firm specializing in shipping and maritime legal services for a global client base that includes shipowners, operators, charterers, protection and indemnity (P&I) clubs, insurers and shipyards. The Mays Brown Solicitors team, led by Joe Mays, David Wartski and Stephen Grainger, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations."Mays Brown Solicitors is a highly regarded firm whose niche expertise enhances Gallagher Bassett's marine and legal capabilities," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Joe, David, Stephen and their associates to our growing, global team."Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Investor Relations: Sara Walsh, CFA                     Media Relations: Paul Day630-285-3593 / sara_walsh@ajg.com                   630-285-5946 / paul_day1@ajg.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-mays-brown-solicitors-302767642.htmlSOURCE Arthur J. Gallagher & Co. Original: Arthur J. Gallagher & Co. Acquires Mays Brown Solicitors

Arthur J. Gallagher & Co. Announces First Quarter 2026 Financial ResultsApril 30, 2026 4:15 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., April 30, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended March 31, 2026. Management will host a webcast conference call to discuss these results on Thursday, April 30, 2026 at 5:15 p.m. ET/4:15 p.m. CT. To listen to the call, and for printer-friendly formats of this release, the "CFO Commentary" and "Supplemental Quarterly Data," which may also be referenced during the call, please visit ajg.com/IR. These documents contain both GAAP and non-GAAP measures. Investors and other users of this information should read carefully the section entitled "Information Regarding Non-GAAP Measures" beginning on page 8.
Summary of Financial Results - First Quarter


Revenues BeforeReimbursements
Net Earnings (Loss)
EBITDAC
Diluted Net Earnings(Loss) Per ShareSegment
1st Q 26
1st Q 25
1st Q 26
1st Q 25
1st Q 26
1st Q 25
1st Q 26
1st Q 25

(in millions)
(in millions)
(in millions)



Brokerage, as reported
$   4,293
$   3,314
$     913
$     816
$   1,562
$   1,351
$    3.51
$    3.13Net (gains) on divestitures
(7)
(6)
(5)
(4)
(7)
(6)
(0.02)
(0.02)Acquisition integration
–
–
65
33
87
44
0.25
0.13Workforce and lease termination
–
–
20
14
27
18
0.08
0.05Acquisition related adjustments
–
–
39
25
50
30
0.15
0.09Amortization of intangible assets
–
–
201
152
–
–
0.77
0.59Effective income tax rate impact
–
–
–
1
–
–
–
–Levelized foreign currency translation
–
57
–
13
–
19
–
0.05Brokerage, as adjusted
4,286
3,365
1,233
1,050
1,719
1,456
4.74
4.02Risk Management, as reported
428
374
50
41
86
72
0.19
0.16Acquisition integration
–
–
1
1
1
2
–
–Workforce and lease termination
–
–
1
3
1
3
–
0.01Acquisition related adjustments
–
–
4
–
6
–
0.02
–Amortization of intangible assets
–
–
5
4
–
–
0.02
0.02Levelized foreign currency translation
–
7
–
1
–
1
–
–Risk Management, as adjusted
428
381
61
50
94
78
0.23
0.19Corporate, as reported
(5)
–
(140)
(148)
(91)
(122)
(0.54)
(0.57)Transaction-related costs
–
–
6
20
7
23
0.02
0.08Legal & tax related
–
–
1
–
18
–
–
–Clean energy-related
5
–
3
–
5
–
0.02
–Corporate, as adjusted
–
–
(130)
(128)
(61)
(99)
(0.50)
(0.49)Total Company, as reported
$   4,716
$   3,688
$     823
$     709
$   1,557
$   1,301
$    3.16
$    2.72Total Company, as adjusted
$   4,714
$   3,746
$   1,164
$     972
$   1,752
$   1,435
$    4.47
$    3.72Total Brokerage & Risk Management, as reported
$   4,721
$   3,688
$     963
$     857
$   1,648
$   1,423
$    3.70
$    3.29Total Brokerage & Risk Management, as adjusted
$   4,714
$   3,746
$   1,294
$   1,100
$   1,813
$   1,534
$    4.97
$    4.21First quarter 2025 reported and adjusted amounts for the Brokerage Segment include approximately $143 million of incremental interest income, or approximately 41 cents after-tax, earned on the cash proceeds held to fund the AssuredPartners acquisition.For first quarter 2026, the pretax impact of adjustments for the Brokerage, Risk Management, and Corporate Segments totals $431 million, $15 million and $30 million, respectively, and corresponding adjustment to the provision (benefit) for income taxes was $111 million, $4 million and ($20) million, respectively, relating to these adjustments. A detailed reconciliation is shown on pages 16 and 17.(1 of 17)"We had a terrific first quarter!" said J. Patrick Gallagher, Jr., Chairman and CEO. "For our combined brokerage and risk management segments, our two-pronged revenue growth strategy – growing both organically and through acquisitions – delivered revenue growth of 28% in the quarter. Our organic growth of 5% reflected strong client retention, disciplined execution, and the benefit of our diversified platform. Net earnings increased 12%, and adjusted EBITDAC grew 18%, marking our 24th consecutive quarter of double-digit adjusted EBITDAC growth."Our results reflect the strength and consistency of our business model across the dynamic insurance and economic environment. We remain focused on organic growth, strategic mergers and acquisitions, investment in productivity and quality, and maintaining our culture. We are also seeing the benefit of deeper collaboration across our P&C brokerage, benefits, and claims teams, supported by practical applications of AI, automation, and digitization that enhance how we serve and advocate for our clients. We believe Gallagher is well positioned to continue delivering strong growth and long-term value for our shareholders."Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (dollars in millions):
See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.
Organic Revenues (Non-GAAP)
1st Q 2026
1st Q 2025Base Commissions and Fees



Commissions and fees, as reported
$      3,915
$         2,869Less commissions and fees from acquisitions, divested operations and other
(937)
(64)Levelized foreign currency translation
–
52Organic base commissions and fees
$      2,978
$         2,857Organic change in base commissions and fees
4 %

Supplemental Revenues



Supplemental revenues, as reported
$         180
$           114Less supplemental revenues from acquisitions, divested operations and other
(46)
–Levelized foreign currency translation
–
2Organic supplemental revenues
$         134
$           116Organic change in supplemental revenues
16 %

Contingent Revenues



Contingent revenues, as reported
$         115
$            93Less contingent revenues from acquisitions, divested operations and other
(19)
–Levelized foreign currency translation
–
1Organic contingent revenues
$          96
$            94Organic change in contingent revenues
2 %

Total reported commissions, fees, supplemental
revenues and contingent revenues
$      4,210
$         3,076Less commissions, fees, supplemental revenues and contingent revenues from acquisitions, divested operations and other
(1,002)
(64)Levelized foreign currency translation
–
55Total organic commissions, fees, supplemental revenues and contingent revenues
$      3,208
$         3,067Total organic change
5 %


Acquisition Activity
1st Q 2026
1st Q 2025Number of acquisitions closed *
8
10Estimated annualized revenues acquired (in millions)
$             49
$             63

*In the first quarter of 2026 and 2025, Gallagher issued 76,000 shares and 49,000 shares, respectively, of its common stock directly to sellers in connection with tax-free exchange acquisitions.(2 of 17)Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.Compensation Expense and Ratios


1st Q 2026
1st Q 2025Compensation expense, as reported


$     2,211
$     1,617Acquisition integration


(37)
(28)Workforce and lease termination related charges


(24)
(16)Acquisition related adjustments


(50)
(30)Levelized foreign currency translation


–
29Compensation expense, as adjusted


$     2,100
$     1,572Reported compensation expense ratios using reported revenues on page 1
*
51.5 %
48.8 %Adjusted compensation expense ratios using adjusted revenues on page 1
**
49.0 %
46.7 %

*Reported first quarter 2026 compensation expense ratio was 2.7 pts higher than first quarter 2025. This ratio was primarily impacted by lower interest income revenues in the quarter, as first quarter 2025 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024. This ratio was also impacted by higher acquisition related adjustments and workforce termination costs, partially offset by savings from headcount controls.

**Adjusted first quarter 2026 compensation expense ratio was 2.3 pts higher than first quarter 2025. This ratio was primarily impacted by lower interest income revenues in the quarter, as first quarter 2025 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024. This ratio also benefited from savings from headcount controls. Operating Expense and Ratios


1st Q 2026
1st Q 2025Operating expense, as reported


$       520
$       346Acquisition integration


(50)
(16)Workforce and lease termination related charges


(3)
(2)Levelized foreign currency translation


–
9Operating expense, as adjusted


$       467
$       337Reported operating expense ratios using reported revenues on page 1 
*
12.1 %
10.5 %Adjusted operating expense ratios using adjusted revenues on page 1
**
10.9 %
10.0 %

*Reported first quarter 2026 operating expense ratio was 1.6 pts higher than first quarter 2025. This ratio was primarily impacted by higher integration and technology costs, partially offset by lower outside consulting fees. This ratio was also impacted by lower interest income revenues in the quarter, as first quarter 2025 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024.

**Adjusted first quarter 2026 operating expense ratio was 0.9 pts higher than first quarter 2025. This ratio was primarily impacted by increased technology costs, partially offset by lower outside consulting fees. This ratio was also impacted by lower interest income revenues in the quarter, as first quarter 2025 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024.(3 of 17)Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.Net Earnings to Adjusted EBITDAC (Non-GAAP)


1st Q 2026
1st Q 2025Net earnings, as reported


$       913
$       816Provision for income taxes


313
283Depreciation


49
33Amortization


271
204Change in estimated acquisition earnout payables


16
15EBITDAC


1,562
1,351Net (gains) on divestitures


(7)
(6)Acquisition integration


87
44Workforce and lease termination related charges


27
18Acquisition related adjustments


50
30Levelized foreign currency translation


–
19EBITDAC, as adjusted


$     1,719
$     1,456Net earnings margin, as reported using reported revenues on page 1
*
21.3 %
24.6 %EBITDAC margin, as adjusted using adjusted revenues on page 1
*
40.1 %
43.3 %

*First quarter 2025 adjusted EBITDAC includes approximately $143 million of interest income revenues earned on the proceeds received in December 2024 related to the AssuredPartners Financing. The interest income in the prior period, as well as the seasonality of AssuredPartners and the roll-in of tuck-in acquisitions, unfavorably impacted the year over year change in first quarter adjusted EBITDAC margin by approximately 3.6%. Risk Management Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (dollars in millions):See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.Organic Revenues (Non-GAAP)
1st Q 2026
1st Q 2025Fees
$         415
$           363International performance bonus fees
5
2Fees as reported
420
365Less fees from acquisitions, divestitures and other
(13)
(1)Levelized foreign currency translation
–
7Organic fees
407
371Organic change in fees
10 %


Acquisition Activity
1st Q 2026
1st Q 2025Number of acquisitions closed
1
1Estimated annualized revenues acquired (in millions)
$            10
$            38   (4 of 17)Risk Management Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.Compensation Expense and Ratios


1st Q 2026
1st Q 2025Compensation expense, as reported


$       264
$       231Acquisition integration


–
(1)Workforce and lease termination related charges


(1)
(3)Acquisition related adjustments


(6)
–Levelized foreign currency translation


–
5Compensation expense, as adjusted


$       257
$       232Reported compensation expense ratios using reported revenues (before reimbursements) on page 1
*
61.8 %
61.9 %Adjusted compensation expense ratios using adjusted revenues (before reimbursements) on page 1
**
60.2 %
61.1 %

*Reported first quarter 2026 compensation expense ratio was 0.1 pts lower than first quarter 2025. This ratio was primarily impacted by savings related to headcount controls, partially offset by higher acquisition related adjustments and increased incentive compensation.

**Adjusted first quarter 2026 compensation expense ratio was 0.9 pts lower than first quarter 2025. This ratio was primarily impacted by savings related to headcount controls, partially offset by increased incentive compensation. Operating Expense and Ratios


1st Q 2026
1st Q 2025Operating expense, as reported


$         78
$         71Acquisition integration


(1)
(1)Levelized foreign currency translation


–
1Operating expense, as adjusted


$         77
$         71Reported operating expense ratios using reported revenues (before reimbursements) on page 1
*
18.4 %
19.0 %Adjusted operating expense ratios using reported revenues (before reimbursements) on page 1
*
18.1 %
18.5 %

*Reported first quarter 2026 operating expense ratio was 0.6 pts lower than first quarter 2025. Adjusted first quarter 2026 operating expense ratio was 0.4 pts lower than first quarter 2025. Both ratios were primarily impacted by savings in client-related expenses. Net Earnings to Adjusted EBITDAC (Non-GAAP)
1st Q 2026
1st Q 2025Net earnings, as reported
$          50
$          41Provision for income taxes
18
15Depreciation
10
10Amortization
7
6Change in estimated acquisition earnout payables
1
–EBITDAC
86
72Acquisition integration
1
2Workforce and lease termination related charges
1
3Acquisition related adjustments
6
–Levelized foreign currency translation
–
1EBITDAC, as adjusted
$          94
$          78Net earnings margin, as reported using reported revenues (before reimbursements) on page 1
11.7 %
11.0 %EBITDAC margin, as adjusted using adjusted revenues (before reimbursements) on page 1
21.7 %
20.4 %(5 of 17)Corporate Segment Reported GAAP to Adjusted Non-GAAP Reconciliation Information (dollars in millions):See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.1st Quarter
2026
2025
Pretax Loss
Income Tax Benefit
Net Earnings (Loss) Attributable to Controlling Interests
Pretax Loss
Income Tax Benefit
Net Earnings (Loss) Attributable to Controlling InterestsComponents of Corporate Segment, as reported











Interest and banking costs
$   (158)
$       41
$           (117)
$   (159)
$       42
$           (117)Clean energy-related
(7)
2
(5)
(2)
1
(1)Acquisition costs (1)
(10)
2
(8)
(26)
3
(23)Corporate (2)
(76)
66
(10)
(95)
88
(7)Reported 1st quarter
(251)
111
(140)
(282)
134
(148)Adjustments











Clean energy-related (3)
5
(2)
3
–
–
–Transaction-related costs (1)
7
(1)
6
23
(3)
20Legal and tax related (4)
18
(17)
1
–
–
–Components of Corporate Segment,











Interest and banking costs
(158)
41
(117)
(159)
42
(117)Clean energy-related
(2)
–
(2)
(2)
1
(1)Acquisition costs
(3)
1
(2)
(3)
–
(3)Corporate (2)
(58)
49
(9)
(95)
88
(7)Adjusted 1st quarter
$   (221)
$       91
$           (130)
$   (259)
$     131
$           (128)

(1)Gallagher incurred transaction-related costs, which include legal, consulting, employee compensation and other professional fees associated with completed, future and terminated acquisitions. Adjustments primarily relate to the acquisitions of AssuredPartners and Woodruff Sawyer, which closed August 2025 and April 2025, respectively.(2)Corporate pretax loss includes a net unrealized foreign exchange remeasurement gain of $6 million in first quarter 2026 and a net unrealized foreign exchange remeasurement loss of $(23) million in first quarter 2025.(3)Adjustments in first quarter 2026 include the write-down of a clean energy-related investment.(4)Adjustments in first quarter 2026 and 2025 include costs associated with legal and tax matters.(6 of 17)Interest, banking costs and debt - At March 31, 2026, Gallagher had $9,550 million of borrowings from public debt, $3,008 million of borrowings from private placements and $285 million of borrowings under its line of credit facility. In addition, Gallagher had $156 million outstanding under a revolving loan facility that provides funding for premium finance receivables, which are fully collateralized by the underlying premiums held by insurance carriers, and as such are excluded from its debt covenant computations, as applicable.Clean energy-related - For 2026, this consists of operating results related to Gallagher's investments in new clean energy projects, primarily fusion and carbon sequestration projects.Acquisition costs - Consists mostly of external professional fees and other due diligence costs related to acquisitions. On occasion, Gallagher enters into forward currency hedges for the purchase price of committed, but not yet funded, acquisitions with funding requirements in currencies other than the U.S. dollar. The gains or losses, if any, associated with these hedge transactions are also included in acquisition costs.Corporate - Consists of overhead allocations mostly related to corporate staff compensation, other corporate level activities, and net unrealized foreign exchange remeasurement. In addition, it includes the tax expense related to the partial taxation of foreign earnings, nondeductible executive compensation and entertainment expenses, the tax benefit from the vesting of employee equity awards, as well as other permanent or discrete tax items not reflected in the provision for income taxes in the Brokerage and Risk Management segments.Income Taxes - Gallagher allocates the provision for income taxes to its Brokerage and Risk Management segments using the local country statutory rates. Gallagher's consolidated effective tax rate for the quarters ended March 31, 2026 and 2025 were 21.1% and 18.8%, respectively.AssuredPartners - In fourth quarter 2024 and first quarter 2025, we raised a total of approximately $14 billion of cash via a follow-on common stock offering and senior notes issuance to fund the AssuredPartners acquisition (collectively, the AssuredPartners Financing), which was completed in third quarter 2025 for approximately $14 billion. Share Repurchases - In the first quarter of 2026, Gallagher repurchased approximately 1.4 million shares of its common stock for approximately $310 million.Webcast Conference Call - Gallagher will host a webcast conference call on Thursday, April 30, 2026 at 5:15 p.m. ET/4:15 p.m. CT. To listen to this call, please go to Arthur J. Gallagher & Co. - Events & Presentations (ajg.com). The call will be available for replay at such website for at least 90 days.About Arthur J. Gallagher & Co.Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Information Concerning Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipates," "believes," "contemplates," "see," "should," "could," "will," "estimates," "expects," "intends," "plans" and variations thereof and similar expressions, are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, anticipated future results or performance of any segment or Gallagher as a whole; acquisition rollover revenues; statements regarding changes in its expenses in the next several quarters; future capital structure changes, including debt levels from time to time; the impact of foreign currency on its results; integration costs; workforce and lease termination costs; amortization of intangibles; depreciation; change in estimated earnout payables; effective tax rate; earnings from continuing operations attributable to noncontrolling interests; the premium rate environment and the state of insurance markets; and the economic environment.Gallagher's actual results may differ materially from those contemplated by the forward-looking statements. Readers are therefore cautioned against relying on any of the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.Important factors that could cause actual results to differ materially from those in the forward-looking statements include global economic and geopolitical events, including, among others, fluctuations in interest and inflation rates; protectionism such as tariffs, trade disruptions; a recession or economic downturns; a U.S. government shutdown; political instability, such as global armed conflicts; its actual acquisition opportunities, including closing risks related to pending acquisitions, risks with respect to larger acquisitions such as AssuredPartners, the largest acquisition in our history, including risks related to its ability to successfully integrate operations; and the possibility that its assumptions may be inaccurate resulting in unforeseen obligations or liabilities and failure to realize expected benefits; damage to its reputation due to its failure to uphold its culture or negative perceptions or publicity, including as a result of amplifying effects that the Internet and social media may have on such perceptions; reputational issues related to its sustainability-related activities, including potential backlash against such activities, and compliance with increasingly complex climate- and other sustainability-related regulations, such as risks related to "greenwashing" and "greenhushing"; cybersecurity-related risks; its ability to apply technology, data analytics and artificial intelligence effectively and potential increased costs resulting from such activities; risks associated with the use of artificial intelligence in its business operations, including regulatory, data privacy, cybersecurity, errors and omissions, intellectual property and competition risks related to "AI-washing"; heightened competition for talent and increased compensation costs; disasters or other business interruptions, including with respect to its operations in India; risks related to its international operations, such as those related to regulatory, tax, sustainability, sanctions and anti-corruption compliance and increased scrutiny of the use of off-shore centers of excellence such as those we operate in India and elsewhere; changes to data privacy and protection laws and regulations; foreign exchange rates; changes in accounting standards; changes in premium rates and in insurance markets generally, including the impact of large natural or man-made events; tax, environmental or other compliance risks related to its legacy clean energy investments; its inability to receive dividends or other distributions from subsidiaries; and changes in the insurance brokerage industry's competitive landscape.Please refer to Gallagher's filings with the Securities and Exchange Commission, including Item 1A, "Risk Factors," of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its subsequently filed Quarterly Reports on Form 10-Q for a more detailed discussion of these and other factors that could impact its forward-looking statements. Any forward-looking statement made by Gallagher in this press release speaks only as of the date on which it is made. Except as required by applicable law, Gallagher does not undertake to update the information included herein or the corresponding earnings release posted on Gallagher's website.(7 of 17)Information Regarding Non-GAAP Measures
In addition to reporting financial results in accordance with GAAP, this press release provides information regarding EBITDAC, EBITDAC margin, adjusted EBITDAC, adjusted EBITDAC margin, diluted net earnings per share, as adjusted (adjusted EPS), adjusted revenue, adjusted compensation and operating expenses, adjusted compensation expense ratio, adjusted operating expense ratio and organic revenue. These measures are not in accordance with, or an alternative to, the GAAP information provided in this press release. Gallagher's management believes that these presentations provide useful information to management, analysts and investors regarding financial and business trends relating to Gallagher's results of operations and financial condition or because they provide investors with measures that its chief operating decision maker uses when reviewing Gallagher's performance. See further below for definitions and additional reasons each of these measures is useful to investors. Gallagher's industry peers may provide similar supplemental non-GAAP information with respect to one or more of these measures, although they may not use the same or comparable terminology and may not make identical adjustments. The non-GAAP information provided by Gallagher should be used in addition to, but not as a substitute for, the GAAP information provided. As disclosed in its most recent Proxy Statement, Gallagher makes determinations regarding certain elements of executive officer incentive compensation, performance share awards and annual cash incentive awards, partly on the basis of measures related to adjusted EBITDAC.Adjusted Non-GAAP presentation - Gallagher believes that the adjusted non-GAAP presentations of the current and prior period information presented in this earnings release provide stockholders and other interested persons with useful information regarding certain financial metrics of Gallagher that may assist such persons in analyzing Gallagher's operating results as they develop a future earnings outlook for Gallagher. The after-tax amounts related to the adjustments were computed using the normalized effective tax rate for each respective period. See pages 16 and 17 for a reconciliation of the adjustments made to income taxes.(8 of 17)Adjusted measures - Revenues (for the Brokerage segment), revenues before reimbursements (for the Risk Management segment), net earnings, compensation expense and operating expense, respectively, each adjusted to exclude the following, as applicable:Net gains (losses) on divestitures, which are primarily net proceeds received related to sales of books of business and other divestiture transactions, such as the disposal of a business through sale or closure.Acquisition integration costs, which include costs related to certain large acquisitions (including the acquisitions of the Willis Towers Watson treaty reinsurance brokerage operations, Buck, Cadence Insurance, Eastern Insurance Group, My Plan Manager, Woodruff Sawyer and AssuredPartners), outside the scope of the usual tuck-in strategy, not expected to occur on an ongoing basis in the future once Gallagher fully assimilates the applicable acquisition. These costs are typically associated with redundant workforce, compensation expense related to amortization of certain retention bonus arrangements, extra lease space, duplicate services and external costs incurred to assimilate the acquisition into its IT related systems.Transaction-related costs, which are associated with completed, future and terminated acquisitions. Costs primarily relate to the acquisitions of AssuredPartners and Woodruff Sawyer, which closed in and August 2025 and April 2025, respectively. These include costs related to regulatory filings, legal and accounting services, insurance and incentive compensation.Workforce related charges, which primarily include severance costs (either accrued or paid) related to employee terminations and other costs associated with redundant workforce.Lease termination related charges, which primarily include costs related to terminations of real estate leases and abandonment of leased space.Acquisition related adjustments principally relate to changes in estimated acquisition earnout payables adjustments and acquisition related compensation charges. In addition, from time to time we may include changes in balance sheet estimates arising from conforming accounting principles, purchase-related true-ups and other balance sheet adjustments made after the closing date.Amortization of intangible assets, which reflects the amortization of customer/expiration lists, non-compete agreements, trade names and other intangible assets acquired through Gallagher's merger and acquisition strategy, the impact to amortization expense of acquisition valuation adjustments to these assets as well as non-cash impairment charges.The impact of foreign currency translation, as applicable. The amounts excluded with respect to foreign currency translation are calculated by applying current year foreign exchange rates to the same period in the prior year.Effective income tax rate impact, which levelizes the prior year for the change in current year tax rates.Clean energy-related, which represents the impact of adjustments in first quarter 2026 related to the write-down of a clean energy-related investment.Legal and tax related, which represents the impact of adjustments in first quarter 2026 and 2025 related to costs associated with legal and tax matters.Adjusted ratios - Adjusted compensation expense and adjusted operating expense, respectively, each divided by adjusted revenues.Non-GAAP Earnings MeasuresEBITDAC and EBITDAC margin - EBITDAC is net earnings before interest, income taxes, depreciation, amortization and the change in estimated acquisition earnout payables and EBITDAC margin is EBITDAC divided by total revenues (for the Brokerage segment) and revenues before reimbursements (for the Risk Management segment). These measures for the Brokerage and Risk Management segments provide a meaningful representation of Gallagher's operating performance for the overall business and provide a meaningful way to measure its financial performance on an ongoing basis.EBITDAC, as Adjusted and EBITDAC Margin, as Adjusted - Adjusted EBITDAC is EBITDAC adjusted to exclude net gains on divestitures, acquisition integration costs, workforce related charges, lease termination related charges, acquisition related adjustments, transaction related costs, and the period-over-period impact of foreign currency translation, as applicable, and Adjusted EBITDAC margin is Adjusted EBITDAC divided by total adjusted revenues (defined above). These measures for the Brokerage and Risk Management segments provide a meaningful representation of Gallagher's operating performance and are also presented to improve the comparability of its results between periods by eliminating the impact of the items that have a high degree of variability.EPS, as Adjusted and Net Earnings, as Adjusted - Adjusted net earnings have been adjusted to exclude the after-tax impact of net gains on divestitures, acquisition integration costs, the impact of foreign currency translation, workforce related charges, lease termination related charges, acquisition related adjustments, transaction related costs, amortization of intangible assets, and effective income tax rate impact, as applicable. Adjusted EPS is Adjusted Net Earnings divided by diluted weighted average shares outstanding. This measure provides a meaningful representation of Gallagher's operating performance (and as such should not be used as a measure of Gallagher's liquidity), and for the overall business is also presented to improve the comparability of its results between periods by eliminating the impact of the items that have a high degree of variability.(9 of 17)Organic Revenues (a non-GAAP measure) - Organic revenue change measures the year-over-year percentage change in organic revenue. For the Brokerage segment, organic revenue consists of base commission and fee revenues, supplemental revenues and contingent revenues, excluding the first twelve months of such revenues generated from acquisitions and such revenues related to divested operations, which include disposals of a business through sale or closure, estimate changes, run-off of a business and the restructuring and/or repricing of programs and products, in each year presented. Such revenues are excluded from organic revenues in order to help interested persons analyze the revenue growth associated with the operations that were a part of Gallagher in both the current and prior period. In order to improve the comparability of Gallagher's results between periods, we further exclude the period-over-period impact of foreign currency translation; revenue from certain large life product sales within Gallagher's Executive Life and Benefits practice group (which are typically large singular transactions with a high degree of variability in amount and timing); and revenue attributable to changes in assumptions used to calculate estimated deferred revenues, which impact the quarterly timing of revenues during the annual contract period. For the Risk Management segment, organic revenue consists of fee revenues excluding the first twelve months of such revenues generated from acquisitions and such revenues related to divested operations in each period presented. In order to improve the comparability of Gallagher's results between periods, we further exclude the period-over-period impact of foreign currency translation .These revenue items are excluded from organic revenues in order to determine a comparable, but non-GAAP, measurement of revenue growth that is associated with the revenue sources that are expected to continue in the current year and beyond, as well as eliminating the impact of the items that have a high degree of variability. Gallagher has historically viewed organic revenue growth as an important indicator when assessing and evaluating the performance of its Brokerage and Risk Management segments. Gallagher also believes that using this non-GAAP measure allows readers of its financial statements to measure, analyze and compare the growth from its Brokerage and Risk Management segments in a meaningful and consistent manner.Reconciliation of Non-GAAP Information Presented to GAAP Measures - This press release includes tabular reconciliations to the most comparable GAAP measures, as follows: for EBITDAC (on pages 4 and 5), for adjusted revenues, adjusted EBITDAC and adjusted diluted net earnings per share (on page 1), for organic revenue measures (on pages 2 and 4, respectively, for the Brokerage and Risk Management segments), for adjusted compensation and operating expenses and adjusted EBITDAC margin (on pages 3, 4 and 5 respectively, for the Brokerage and Risk Management segments).(10 of 17) Arthur J. Gallagher & Co.
Reported Statement of Earnings and EBITDAC - 1st Quarter March 31,
(Unaudited - in millions except per share, percentage and workforce data)
Brokerage Segment1st Q EndedMarch 31, 2026
1st Q EndedMarch 31, 2025Commissions$            3,123
$            2,249Fees792
620Supplemental revenues180
114Contingent revenues115
93Interest income, premium finance revenues and other income83
238Total revenues4,293
3,314Compensation2,211
1,617Operating520
346Depreciation49
33Amortization271
204Change in estimated acquisition earnout payables16
15Expenses3,067
2,215Earnings before income taxes1,226
1,099Provision for income taxes313
283Net earnings913
816Net earnings attributable to noncontrolling interests1
5Net earnings attributable to controlling interests$              912
$              811



EBITDAC


Net earnings$              913
$              816Provision for income taxes313
283Depreciation49
33Amortization271
204Change in estimated acquisition earnout payables16
15EBITDAC$            1,562
$            1,351
See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.
(11 of 17) Arthur J. Gallagher & Co.
Reported Statement of Earnings and EBITDAC - 1st Quarter March 31,
(Unaudited - in millions except per share, percentage and workforce data)
Risk Management Segment1st Q EndedMarch 31, 2026
1st Q EndedMarch 31, 2025Fees$              420
$              365Interest income and other income8
9Revenues before reimbursements428
374Reimbursements42
39Total revenues470
413Compensation264
231Operating78
71Reimbursements42
39Depreciation10
10Amortization7
6Change in estimated acquisition earnout payables1
—Expenses402
357Earnings before income taxes68
56Provision for income taxes18
15Net earnings50
41Net earnings attributable to noncontrolling interests–
–Net earnings attributable to controlling interests$               50
$               41



EBITDAC


Net earnings$               50
$               41Provision for income taxes18
15Depreciation10
10Amortization7
6Change in estimated acquisition earnout payables1
–EBITDAC$               86
$               72
See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.
(12 of 17) Arthur J. Gallagher & Co.
Reported Statement of Earnings and EBITDAC - 1st Quarter March 31,
(Unaudited - in millions except share and per share data)
Corporate Segment1st Q EndedMarch 31, 2026
1st Q EndedMarch 31, 2025Other loss$                (5)
$                 –Total revenues(5)
–Compensation41
49Operating45
73Interest158
158Depreciation2
2Expenses246
282Loss before income taxes(251)
(282)Benefit for income taxes(111)
(134)Net loss(140)
(148)Net loss attributable to noncontrolling interests–
–Net loss attributable to controlling interests$             (140)
$             (148)EBITDAC


Net loss$             (140)
$             (148)Benefit for income taxes(111)
(134)Interest158
158Depreciation2
2EBITDAC$              (91)
$             (122)
See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.
(13 of 17) Arthur J. Gallagher & Co.
Reported Statement of Earnings and EBITDAC - 1st Quarter March 31,
(Unaudited - in millions except share and per share data)
Total Company1st Q EndedMarch 31, 2026
1st Q EndedMarch 31, 2025Commissions$            3,123
$            2,249Fees1,212
985Supplemental revenues180
114Contingent revenues115
93Interest income, premium finance revenues and other income86
247Revenues before reimbursements4,716
3,688Reimbursements42
39Total revenues4,758
3,727Compensation2,516
1,897Operating643
490Reimbursements42
39Interest158
158Depreciation61
45Amortization278
210Change in estimated acquisition earnout payables17
15Expenses3,715
2,854Earnings before income taxes1,043
873Provision for income taxes220
164Net earnings823
709Net earnings attributable to noncontrolling interests1
5Net earnings attributable to controlling interests$              822
$              704Diluted net earnings per share$             3.16
$             2.72Dividends declared per share$             0.70
$             0.65EBITDAC


Net earnings$              823
$              709Provision for income taxes220
164Interest158
158Depreciation61
45Amortization278
210Change in estimated acquisition earnout payables17
15EBITDAC$            1,557
$            1,301
See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.
(14 of 17) Arthur J. Gallagher & Co.
Consolidated Balance Sheet
(Unaudited - in millions except per share data)

March 31, 2026
Dec 31, 2025Cash and cash equivalents$            1,413
$            1,396Fiduciary assets (includes fiduciary cash of $7,069 in 2026 and $7,142 in 2025)33,873
26,899Accounts receivable, net5,960
5,175Other current assets773
886Total current assets42,019
34,356Fixed assets - net762
789Deferred income taxes43
43Other noncurrent assets1,568
1,602Right-of-use assets585
598Goodwill22,958
22,593Amortizable intangible assets - net10,366
10,684Total assets$          78,301
$          70,665



Fiduciary liabilities$          33,873
$          26,899Accrued compensation and other current liabilities4,051
4,017Deferred revenue - current809
737Premium financing debt156
226Corporate related borrowings - current640
640Total current liabilities30,529
32,519Corporate related borrowings - noncurrent12,077
12,104Deferred revenue - noncurrent177
155Lease liabilities - noncurrent499
515Other noncurrent liabilities (includes tax credit carryforwards of $655 in 2026 and $713 in 2025)2,217
2,025Total liabilities54,499
47,318



Stockholders' equity:


Common stock - issued and outstanding257
257Capital in excess of par value17,638
17,783Retained earnings6,446
5,806Accumulated other comprehensive loss(566)
(525)Total controlling interests stockholders' equity23,775
23,321Noncontrolling interests27
26Total stockholders' equity23,802
23,347Total liabilities and stockholders' equity$          78,301
$          70,665
(15 of 17) Arthur J. Gallagher & Co.
Other Information
(Unaudited - data is rounded where indicated)
OTHER INFORMATION1st Q EndedMarch 31, 2026
1st Q EndedMarch 31, 2025Basic weighted average shares outstanding (000s)257,119
254,819Diluted weighted average shares outstanding (000s)259,816
259,421Number of common shares outstanding at end of period (000s)256,942
256,053



Workforce at end of period (includes acquisitions):


Brokerage55,607*43,120Risk Management11,122
10,594Total Company72,373*57,285

*The acquisition of AssuredPartners added approximately 10,900 employees in August 2025. Reconciliation of Non-GAAP Measures - Pre-tax Earnings and Diluted Net Earnings per Share (Unaudited)
(Unaudited - in millions except share and per share data)


Earnings(Loss)Before IncomeTaxes
Provision(Benefit)for IncomeTaxes
Net Earnings(Loss)
Net Earnings (Loss)Attributable toNoncontrollingInterests
Net Earnings (Loss)Attributable toControllingInterests
Diluted NetEarnings(Loss)per Share1st Q Ended March 31, 2026











Brokerage, as reported
$         1,226
$       313
$     913
$              1
$           912
$       3.51Net (gains) on divestitures
(7)
(2)
(5)
–
(5)
(0.02)Acquisition integration
87
22
65
–
65
0.25Workforce and lease termination
27
7
20
–
20
0.08Acquisition related adjustments
53
14
39
–
39
0.15Amortization of intangible assets
271
70
201
–
201
0.77Brokerage, as adjusted
$         1,657
$       424
$   1,233
$              1
$         1,232
$       4.74












Risk Management, as reported
$            68
$        18
$      50
$              –
$             50
$       0.19Acquisition integration
1
–
1
–
1
–Workforce and lease termination
1
–
1
–
1
–Acquisition related adjustments
6
2
4
–
4
0.02Amortization of intangible assets
7
2
5
–
5
0.02Risk Management, as adjusted
$            83
$        22
$      61
$              –
$             61
$       0.23












Corporate, as reported
$          (251)
$     (111)
$    (140)
$              –
$          (140)
$      (0.54)Transaction-related costs
7
1
6
–
6
0.02Legal and tax related
18
17
1
–
1
–Clean energy-related
5
2
3
–
3
0.02Corporate, as adjusted
$          (221)
$       (91)
$    (130)
$              –
$          (130)
$      (0.50)


See "Information Regarding Non-GAAP Measures" beginning on page 8 of 17.


(16 of 17) Reconciliation of Non-GAAP Measures - Pre-tax Earnings and Diluted Net Earnings per Share (Unaudited) - Continued
(Unaudited - in millions except share and per share data)


Earnings(Loss)Before IncomeTaxes
Provision(Benefit)for IncomeTaxes
Net Earnings(Loss)
Net Earnings (Loss)Attributable toNoncontrollingInterests
Net Earnings (Loss)Attributable toControllingInterests
Diluted NetEarnings(Loss)per Share1st Q Ended March 31, 2025











Brokerage, as reported
$     1,099
$     283
$        816
$              5
$          811
$       3.13Net (gains) on divestitures
(6)
(2)
(4)
–
(4)
(0.02)Acquisition integration
44
11
33
–
33
0.13Workforce and lease termination
18
4
14
–
14
0.05Acquisition related adjustments
33
8
25
–
25
0.09Amortization of intangible assets
204
52
152
–
152
0.59Effective income tax impact
—
(1)
1
–
1
–Levelized foreign currency translation
17
4
13
–
13
0.05Brokerage, as adjusted
$     1,409
$     359
$      1,050
$              5
$        1,045
$       4.02












Risk Management, as reported
$         56
$       15
$          41
$              –
$            41
$       0.16Acquisition integration
2
1
1
–
1
–Workforce and lease termination
3
–
3
–
3
0.01Amortization of intangible assets
6
2
4
–
4
0.02Levelized foreign currency translation
1
–
1
–
1
–Risk Management, as adjusted
$         68
$       18
$          50
$              –
$            50
$       0.19












Corporate, as reported
$      (282)
$    (134)
$       (148)
$              –
$         (148)
$      (0.57)Transaction-related costs
23
3
20
–
20
0.08Corporate, as adjusted
$      (259)
$    (131)
$       (128)
$              –
$         (128)
$      (0.49)


See "Information Regarding Non-GAAP Measures" on page 8 of 17.Contact:
Sara Walsh
630-285-3593 or sara_walsh@ajg.com(17 of 17) 



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Original: Arthur J. Gallagher & Co. Announces First Quarter 2026 Financial Results

Arthur J. Gallagher & Co. Announces Regular Second Quarter DividendApril 29, 2026 2:19 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., April 29, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today declared a regular quarterly cash dividend of seventy cents ($0.70) per share on the Common Stock of the Company, payable on June 19, 2026 to Stockholders of Record as of June 5, 2026.Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:
Sara Walsh, CFA
(630) 285-3593 - sara_walsh@ajg.com



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Original: Arthur J. Gallagher & Co. Announces Regular Second Quarter Dividend

Arthur J. Gallagher & Co. Announces First Quarter 2026 Earnings Release And Conference Call DateApril 9, 2026 4:15 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., April 9, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its first quarter 2026 earnings after the market closes on Thursday, April 30, 2026. A printer-friendly format will be available on the company's website shortly thereafter.In conjunction with this release, J. Patrick Gallagher, Jr., Chairman and CEO, will host a conference call on Thursday, April 30, 2026 at 5:15 pm ET/4:15 pm CT.The conference call will be broadcast live through Gallagher's website at www.ajg.com and a conference call replay will be available on the company's website approximately two hours after the broadcast. The replay can be accessed by going to Investor Relations and clicking on Events & Presentations. Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:
Sara Walsh, CFA
(630) 285-3593 - sara_walsh@ajg.com



View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-announces-first-quarter-2026-earnings-release-and-conference-call-date-302738688.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. Announces First Quarter 2026 Earnings Release And Conference Call Date

Gallagher Issues Statement on AssuredPartners of South Florida SettlementApril 7, 2026 6:44 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., April 7, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher") today issued the following statement subsequent to a recent civil settlement between AssuredPartners of South Florida ("APSF"), AssuredPartners, Inc., and the U.S. Department of Justice ("U.S. DOJ"):







Today, the U.S. DOJ announced a settlement with APSF and AssuredPartners. The settlement is in relation to actions that occurred at an agency which was owned by APSF, from February 2021 through September 2022. This period predates Gallagher's acquisition of AssuredPartners in August 2025.Importantly, Gallagher became aware of the government's investigation during its pre-acquisition diligence of AssuredPartners. APSF was not included in Gallagher's acquisition of AssuredPartners, and Gallagher has never owned APSF. The investigation and potential settlement were considered under the purchase agreement, the settlement amount was fully reserved, and settlement does not impact the purchase price Gallagher paid for AssuredPartners.About Gallagher
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contacts
Investor Relations
Sara Walsh, CFA
630-285-3593
sara_walsh@ajg.comKelli Murray
Media Relations
630-277-0347
Kelli_Murray@ajg.com



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Original: Gallagher Issues Statement on AssuredPartners of South Florida Settlement

UK employee demand for income protection triples between age 20 and 59 - but only 24% of employers offer it, finds GallagherApril 7, 2026 4:00 AM
PR Newswire (US)

ROLLING MEADOWS, Ill., April 7, 2026 /PRNewswire/ -- New analysis from Gallagher, the global insurance and risk management consultancy, shows that as UK employees age, their benefit selections evolve from lifestyle focused offerings to protection and health-focused benefits in later life.







The data highlights a gap between what employees want from their benefits packages, and what is offered by employers. Demand for Income Protection triples from 4% among employees aged 20–29 to 12% among those aged 50–59.However, less than a quarter (24%) of employers currently offer Income Protection to their workforce.The analysis was drawn from the benefit selections that approximately 65,000 UK employees at 25 companies made on Gallagher Guide, an all–in–one employee benefits platform. Gallagher pairs this innovative technology with our expert, strategic consulting to help HR teams work smarter and deliver a more seamless, engaging benefits experience. By uniting intuitive benefits selection, intelligent automation and real–time insights, Gallagher Guide's Benefits platform helps simplify complex HR tasks and supports employees in making more confident benefit decisions.Hidden demand for under-offered protection benefitsThe findings highlight a mismatch between what employees value in a benefits package and what is currently offered by employers.Employee personal accident insurance features in the top ten selected benefits across all age groups. However, the benefit is offered by just 12% of employers working with Gallagher.From lifestyle perks to protection for older employeesBenefits preferences shift significantly over the course of a career. Gallagher's data shows that in their 20s, employees tend to favor lifestyle-led benefits, with travel insurance ranking as a top selection.From age 30 onwards, priorities begin to change in line with evolving life stages and financial responsibilities.By their 40s, protection benefits take center stage, with employee critical illness accounting for more than 22% of selections and overtaking traditional lifestyle perks.In later career stages, the focus sharpens further on financial security, with income protection rising to 12% of selections among employees aged between 50 and 59.Notably, employee critical illness insurance was selected by 9% of younger employees aged between 20 and 29. In comparison, uptake of the same benefit rose to 15.6% among employees aged between 50 and 59.Top three most popular benefits for each age groupAge group1st most popular benefit%2nd most popular benefit%3rd most popular benefit%20–29Holiday Trading18.88 %Dental Insurance12.97 %Travel Insurance9.07 %30–39Holiday Trading19.32 %Employee Critical Illness19.30 %Dental Insurance18.33 %40–49Holiday Trading22.39 %Employee Critical Illness22.32 %Private Medical Insurance18.82 %50–59Holiday Trading23.94 %Private Medical Insurance19.52 %Dental Insurance18.58 %Time flexibility is the one benefit every generation agrees onHoliday trading is the most popular flexible benefit across every age group, reflecting the workforce's ongoing interest in flexible working arrangements.Uptake rises with age, increasing from 19% among employees aged 20–29 to 24% among those aged between 50 and 59, suggesting that flexibility becomes more valuable as an employee's personal and professional responsibilities grow.While holiday trading is available through 72% of Gallagher clients, employers may stand to improve their workforce's engagement with their employee benefits package by expanding access to this highly sought perk.Alistair Dornan, Gallagher's Benefits & HR Consulting Division's Managing Director of UK Benefits, said:"As people move through their lives and careers, it's natural that their priorities change. Early career employees often place greater value on lifestyle led benefits such as holiday trading or gym membership. As responsibilities grow, protection benefits—particularly income protection and critical illness cover—become increasingly important."Employers shouldn't rely on long held assumptions about what their workforce wants. Our data shows clear, evolving patterns in employee behavior, and organizations that use these insights can design benefits that genuinely align to life stages and real employee needs. My message to employers is simple: let the data guide your decisions. Use insight to modernize your benefits strategy, close the gap between what you offer and what your people value, and strengthen financial resilience and long-term retention across your organization."ABOUT GALLAGHER
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:      
Mary Schwartz, Gallagher
847.378.5893
mary_schwartz@ajg.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/uk-employee-demand-for-income-protection-triples-between-age-20-and-59--but-only-24-of-employers-offer-it-finds-gallagher-302734903.htmlSOURCE Gallagher

Original: UK employee demand for income protection triples between age 20 and 59 - but only 24% of employers offer it, finds Gallagher

OCVIBE UNVEILS DESIGN FOR SOUTHERN CALIFORNIA'S NEWEST LIVE ENTERTAINMENT VENUEMarch 12, 2026 12:00 PM
PR Newswire (US)

Artist-driven Concert Hall Designed by Populous to Open in Early 2027 as Part of OCVIBE's Expanding Entertainment Campus Surrounding Honda Center in Anaheim The 5,000-person-capacity Venue is the first of its Size in Orange County For renderings and construction images, visit OCVIBE Media Center
 ANAHEIM, Calif., March 12, 2026 /PRNewswire/ -- OCVIBE, the 100-acre mixed-use development transforming the area surrounding Honda Center in Orange County, today revealed the design of a new stand-alone, 5,000-person-capacity live entertainment venue opening in early 2027. The OCVIBE Concert Hall marks a major addition to the region's live music infrastructure and a significant step in Orange County's continued emergence as a year-round destination for touring artists and entertainment.







Designed by Populous with a flexible layout to host concerts, comedy, televised programming, award shows, speaking engagements, sporting competitions, esports, and private events, the venue will pair high-impact production capabilities with elevated guest and artist amenities. The concert hall expands OCVIBE's growing collection of performance spaces, joining Honda Center – currently open while undergoing a $1B transformation of its guest experience – and the historic Golden Bear, opening in 2029, creating an ecosystem of venues that supports touring artists at every stage of their growth."Artists won't just play at OCVIBE, they'll grow here," said Eric Bresler, Senior Vice President of Entertainment at OCVIBE. "With the addition of the concert hall, we're creating a rare ecosystem where an artist can move from an intimate club to a mid-size room to a major arena, all within one connected campus in the heart of Orange County, designed to support creative production and long-term touring relationships."Purpose-built with performers and crew at its core, the venue advances OCVIBE's vision of a fully integrated entertainment environment where artists can debut, develop, and ultimately headline across multiple stages. Within the district, emerging talent will be able to perform at the 300-person-capacity Golden Bear, progress to the 5,000-person-capacity concert hall, and headline the 18,000-person-capacity Honda Center – forming one of the few scalable live-performance pathways of its kind in Southern California.Artist hospitality is central to the design. The concert hall will include six dedicated dressing rooms, including two private artist suites, crew kitchen and showers, gated bus parking, and an open-air backstage courtyard, delivering arena-level comfort within a mid-size venue setting."The backstage experience is intentionally different. It is open, comfortable, and fully connected," said Tina Suca, Senior Vice President of Venue Operations. "Every element, from acoustics and sightlines to artist flow and shared spaces, was designed to create an environment where performers and crew can settle in, feel supported, and deliver unforgettable shows here in Anaheim."Designed to elevate the guest experience at every touchpoint, the venue combines state-of-the-art acoustics, clear sightlines, and intuitive circulation to create a setting that feels both intimate and dynamic. The concert hall is designed by global architecture firm Populous, known for shaping many of the world's most iconic sports and entertainment destinations, with architectural inspiration drawn from musical instruments and amplification to blend sculptural form with performance-driven function. A state-of-the-art sound system from L-Acoustics will deliver exceptional clarity and consistency throughout the space, ensuring a premium listening experience for every guest."We created OCVIBE to elevate the live performance experience for both artists and fans," said Julie Rinaldi, Principal at Populous. "The venue features an intimate seating bowl with outstanding acoustics and clear sightlines, ensuring every guest feels immersed in the energy on the stage. At the same time, we designed an artist-focused environment anchored by an open-air courtyard and headliner suites that embrace Southern California's climate. Together, these elements shape a venue that is flexible, efficient and thoughtfully designed for the way live music happens today."A defining feature of the concert hall's exterior is the Stretto, a 62-foot-tall steel art installation clad in louvered metal panels at the venue's southeast corner. Commissioned through OCVIBE's art curation program and designed as a visual gateway between the venue and the surrounding Urban Park, the piece expands the district's growing collection of large-scale public artworks. Beneath it, Stretto Café will operate daily, offering a gathering space that connects the concert hall to the broader OCVIBE district experience.The premium hospitality experience within the concert hall will offer prime sightlines, dedicated entry, and private access to The Gallagher Club, an exclusive setting with refined amenities designed to enhance concerts, comedy shows, and special events from arrival to final encore."Gallagher is proud to support a venue built for the next generation of live entertainment," said Christopher Mead, Chief Marketing Officer at Gallagher. "We're honored to partner on this project combining exceptional guest experiences with thoughtful planning for the future while supporting the communities where we live, work, and play."Expanding beyond concerts alone, the new venue strengthens the range of events taking place across OCVIBE, where sports, live music, dining, cultural programming and public gathering spaces are coming together to create a year-round destination. With new venues, chef-driven food experiences and flexible event infrastructure emerging across the district, Anaheim is increasingly positioned to host everything from major touring productions to nationally televised award shows and large-scale special events."OCVIBE is creating the kind of environment where unforgettable moments can happen every day. From headline concerts and community festivals to broadcast award shows and destination dining experiences," said Katie Pederson, Vice President of Special Events. "As new venues and gathering spaces come online, we're seeing Anaheim step onto a larger stage as a place where world-class events and meaningful guest experiences come together in one connected district."When the first phase of OCVIBE opens in early 2027, it will introduce a dynamic mix of the concert hall, Katella Commons - the 21 chef-driven kitchen market hall, The Weave office building, Urban Park, and additional amenities designed to support daily activity and year-round visitation.Additional details, including the venue's official name and programming lineup, will be announced in the coming months. Updates are available at ocvibe.com/concerthall.OCVIBE Concert Hall Facts & Stats5,000-person capacityMore than 18,000 square feet on the venue event floorThree tiers of seatingTwo friends-and-family roomsFour artist dressing roomsTwo bungalow-style artist suitesOpen-air backstage courtyardCrew kitchen and showersEight barsEight restroom banks, plus four family restroomsAbout OCVIBE:OCVIBE is a new district currently under construction in the heart of Orange County, California. Privately funded with a $5 billion commitment by the Samueli Family, OCVIBE will turn 100 acres of Anaheim into an easily accessible, walkable community and transform the area surrounding the Honda Center into a vibrant, year-round destination. The first phase of OCVIBE will open to the public in early 2027 with Katella Commons – a food-driven market hall, public plaza, concert hall, and new office space at The Weave – the county's first mass timber office building in a mixed-use development. Once fully complete in 2033, the new community will bring 20 acres of open space to Southern California, along with three miles of connected walking trails, more than 2,000 residences, 35+ new dining experiences, and three state-of-the-art entertainment venues. The development of OCVIBE is one of the largest private investments ever made in Southern California and promises to bring unparalleled experiences and amenities to its visitors and residents.About Populous: Populous is a global design firm that began with a singular focus — to draw people together around the things they love, through experiences that capture all the senses and amplify the pure emotion shared in human moments. Over the last 40+ years, the firm has designed more than 3,500 projects worth over $60 billion across emerging and established markets. Populous' comprehensive services include architecture, interior design, event planning and overlay, branded environments, wayfinding and graphics, real estate strategy, planning and urban design, landscape architecture, aviation and transport design, hospitality and sustainable design consulting. Populous has over 1,600 employees in 35 global offices on four continents with regional centers in Kansas City, London and Brisbane. For more information, visit www.populous.com.About Gallagher: Gallagher (NYSE: AJG) is one of the world's largest insurance brokerage, risk management, and consulting firms. As a community insurance broker and trusted local consultant, we help people and businesses move forward with confidence. With approximately 70,000 people working around the globe, we're connected to the places where we do business and to every community we call home. Managing risk with customized solutions and a full spectrum of services, helping you foster a thriving workforce, and always holding ourselves to the highest standards of ethics to help you face every challenge - that's The Gallagher Way. 










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Original: OCVIBE UNVEILS DESIGN FOR SOUTHERN CALIFORNIA'S NEWEST LIVE ENTERTAINMENT VENUE

Arthur J. Gallagher & Co. to Host Regularly Scheduled Quarterly Investor Meeting with ManagementMarch 3, 2026 7:05 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., March 3, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. will be hosting its regularly scheduled quarterly management meeting on Tuesday, March 17, from 4:00 p.m. until approximately 6:00 p.m. ET. This quarter's meeting will take place virtually via conference call.  During the call, the company's operating and financial leaders will present background information and commentary on the company's business operations and financial outlook and will take questions from the investment community.The conference call will be broadcast live through Gallagher's website at www.ajg.com/irmeeting, and a conference call replay will be available at the same link through March 24, 2026.  Any information distributed in conjunction with this meeting will be available on March 17 at approximately 4:00 p.m. ET at https://www.ajg.com/March17materials.Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:
Sara Walsh, CFA 
(630) 285-3593/ sara_walsh@ajg.com



View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-to-host-regularly-scheduled-quarterly-investor-meeting-with-management-302703194.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. to Host Regularly Scheduled Quarterly Investor Meeting with Management

Arthur J. Gallagher & Co. Acquires Krose GmbH & Co KGFebruary 26, 2026 6:30 AM
PR Newswire (US)

ROLLING MEADOWS, Ill., Feb. 26, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bremen, Germany-based Krose GmbH & Co KG ("Krose"). Terms of the transaction were not disclosed.







Founded in 1920, Krose provides commercial insurance and reinsurance solutions for corporate clients across Germany and specializes in the design and placement of complex programs. Krose's team of risk professionals across property, casualty, cyber, marine, D&O and alternative risk solutions will become part of Gallagher's brokerage operations in Europe."Krose is a highly regarded firm which brings deep market expertise to complement our existing capabilities as we continue to expand in Germany and across Europe," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome the Krose team to Gallagher."Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Investor Relations: Sara Walsh, CFA           Media Relations: Paul Day630-285-3593 / sara_walsh@ajg.com       630-285-5946 / paul_day1@ajg.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-krose-gmbh--co-kg-302697435.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. Acquires Krose GmbH & Co KG

Arthur J. Gallagher & Co. Announces New Investor Relations LeaderFebruary 24, 2026 4:07 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., Feb. 24, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the appointment of Sara Walsh, CFA, to lead the Investor Relations team. 







Sara has nearly two decades of tenure at Gallagher, where she began as a summer sales intern and has held positions of increasing responsibility in Corporate Finance and Treasury. She also serves as Gallagher's Treasurer and head of Corporate Finance, overseeing financial analysis and reporting, capital planning and communications with rating agencies, banks, and investment bankers, including leading all of Gallagher's capital raises in the past five years. Sara has been a Chartered Financial Analyst (CFA) charterholder since 2016 and was recognized by Business Insurance as a Woman to Watch honoree in 2025."With Sara's strong financial background and understanding of the capital markets, she will be a terrific leader of our Investor Relations, Corporate Finance, and Treasury functions," said Douglas Howell, Chief Financial Officer. "I would also like to thank Ray Iardella for his dedicated 10 years of service at Gallagher. We wish him all the best."Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Investors:Sara Walsh, CFA630-285-3593 / sara_walsh@ajg.com



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Original: Arthur J. Gallagher & Co. Announces New Investor Relations Leader

Gallagher AI survey: 82% of respondents report positive impacts, though data protection, errors remain top challengesFebruary 23, 2026 10:00 AM
PR Newswire (US)

ROLLING MEADOWS, Ill., Feb. 23, 2026 /PRNewswire/ -- Gallagher, a global insurance brokerage, risk management and consulting services company, recently conducted its third annual AI Adoption and Risk Survey of more than 1,200 global businesses. Results show companies are increasingly integrating AI into their operations, with 63% of businesses having fully operationalized or implemented AI within parts of their business, up from 45% in 2025, focusing on IT operations, client-facing functions and analytics.







As AI adoption accelerates, 82% of respondents report positive impacts on their organizations. Additionally, 83% believe that AI will drive revenue growth in the future. Most businesses—93%—feel confident in their understanding of AI risks, rating their knowledge as "quite well" or "very well."Despite the widespread rollout of AI, the survey reveals several challenges, including:Over half of respondents report skills gaps and recruitment challenges.46% appointed an AI ethics officer to balance technology with ethical considerations.Nearly two-thirds of organizations (63%) are actively measuring ROI, estimating it will take an average of 28 months to realize that return.AI errors, misinformation and hallucinations remain a key concern, topping the list of perceived threats from AI adoption (57%), as do legal and reputational risks from AI misuse (56%) and data protection and privacy violations (55%).The survey also revealed the importance of maintaining a human element in relation to AI technology, including personal accountability, governance, and training.While full operationalization of the technology may be some years away for some businesses, steady progress is being made within many organizations. What should remain top of mind is customer experience, according to Steve Rhee, Global Chief Digital Officer, Gallagher."This survey complements what we've seen with our clients. At Gallagher, our AI adoption journey is about more than just implementing cutting-edge technology—it's about empowering our people and centering on our customer needs," said Rhee. "We have continued to invest over the last several years in data, analytics and digital workforce skill development to ensure our teams are equipped to deliver the best outcomes and solutions for our clients in a rapidly evolving landscape."To read more about the survey, click here.About Gallagher
Gallagher (NYSE: AJG) is one of the world's largest insurance brokerage, risk management and consulting firms. As a community insurance broker and trusted local consultant, we help people and businesses move forward with confidence. With more than 69,000 people working around the globe, we are connected to the places where we do business and to every community we call home. Managing risk with customized solutions and a full spectrum of services, helping you foster a thriving workforce, and always holding ourselves to the highest standards of ethics to help you face every challenge - that is The Gallagher Way.  Media contact:
Kelli Murray
Gallagher
Kelli_Murray @yortmic 



View original content to download multimedia:https://www.prnewswire.com/news-releases/gallagher-ai-survey-82-of-respondents-report-positive-impacts-though-data-protection-errors-remain-top-challenges-302694637.htmlSOURCE Gallagher

Original: Gallagher AI survey: 82% of respondents report positive impacts, though data protection, errors remain top challenges

Arthur J. Gallagher & Co. Acquires Reck & Co.February 2, 2026 4:00 AM
PR Newswire (US)

ROLLING MEADOWS, Ill., Feb. 2, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired Bremen, Germany-based Reck & Co GmbH ("Reck & Co."). Terms of the transaction were not disclosed.







Reck & Co. is a specialist provider of global transport and marine claims services including surveying, claim handling, recovery and loss prevention. The Reck & Co. team, led by Franz Kasten and Marc Friedrich, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations."Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett's claims service offerings in Europe," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Franz, Marc and their associates to our growing, global team."Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Investors: Ray Iardella, VP - Investor Relations         Media: Paul Day, Senior Media Relations Manager
630-285-3661/ ray_iardella @jakev-5946/ paul_day1@ajg.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-reck--co-302675166.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. Acquires Reck & Co.

Arthur J. Gallagher & Co. Announces Fourth Quarter and Full Year 2025 Financial ResultsJanuary 29, 2026 4:15 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., Jan. 29, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended December 31, 2025.  Management will host a webcast conference call to discuss these results on Thursday, January 29, 2026 at 5:15 p.m. ET/4:15 p.m. CT.  To listen to the call, and for printer-friendly formats of this release and the "CFO Commentary" and "Supplemental Quarterly Data," which may also be referenced during the call, please visit ajg.com/IR.  These documents contain both GAAP and non-GAAP measures.  Investors and other users of this information should read carefully the section entitled "Information Regarding Non-GAAP Measures" beginning on page 9. 
Summary of Financial Results - Fourth Quarter


















Revenues Before






Diluted Net Earnings



 Reimbursements
Net Earnings (Loss)
EBITDAC
(Loss) Per ShareSegment
4th Q 254th Q 24
4th Q 254th Q 24
4th Q 254th Q 24
4th Q 254th Q 24


















(in millions)
(in millions)
(in millions)

















Brokerage, as reported
$     3,169$     2,296
$        317$        317
$        774$        661
$       1.21$       1.37
Net losses (gains) on divestitures(20)1
(15)1
(20)1
(0.06)-
Acquisition integration
--
7929
10639
0.300.13
Workforce and lease termination
--
8023
10731
0.310.10
Acquisition related adjustments
--
3040
4829
0.120.17
Amortization of intangible assets
--
223121
--
0.860.53
Effective income tax rate impact
--
-1
--
-0.01
Levelized foreign currency












   translation
-30
-5
-8
-0.02














Brokerage, as adjusted  *
3,1492,327
714537
1,015769
2.742.33














Risk Management, as reported
417369
4943
8472
0.190.19
Net (gains) on divestitures
(1)-
(1)-
(1)-
--
Acquisition integration
--
1-
22
--
Workforce and lease termination
--
13
22
-0.01
Acquisition related adjustments
--
3-
3-
0.01-
Amortization of intangible assets
--
43
--
0.020.01
Levelized foreign currency












   translation
-3
-1
-1
--














Risk Management, as adjusted  *
416372
5850
9077
0.220.21














Corporate, as reported
-14
(212)(102)
(148)(46)
(0.82)(0.44)
Transaction-related costs
--
2714
3617
0.100.06
Legal, tax & benefit plan related
--
34-
54-
0.14-
Clean energy related
-(5)
-(1)
-(2)
--














Corporate, as adjusted  *
-9
(151)(89)
(58)(31)
(0.58)(0.38)














Total Company, as reported
$     3,586$     2,679
$        154$        258
$        710$        687
$       0.58$       1.12














Total Company, as adjusted  *
$     3,565$     2,708
$        620$        498
$    1,047$        815
$       2.38$       2.16














Total Brokerage & Risk 












Management, as reported
$     3,586$     2,665
$        366$        360
$        858$        733
$       1.40$       1.56














Total Brokerage & Risk 












Management, as adjusted  *
$     3,565$     2,699
$        772$        587
$    1,105$        846
$       2.96$       2.54

*For fourth quarter 2025, the pretax impact of the Brokerage segment adjustments totals $533 million, mostly due to non-cash period expenses related to intangible amortization, with a corresponding adjustment to the provision for income taxes of $136 million relating to these items.  For fourth quarter 2025, the pretax impact of the Risk Management segment adjustments totals $12 million, with a corresponding adjustment to the provision for income taxes of $3 million relating to these items.  For fourth quarter 2025, the pretax impact of the Corporate segment adjustments totals $90 million, with a corresponding adjustment to the benefit for income taxes of $29 million relating to these items.  A detailed reconciliation of the 2025 and 2024 provision (benefit) for income taxes is shown on pages 14 and 15. (1 of 15)"We had an excellent fourth quarter and a terrific 2025!" said J. Patrick Gallagher, Jr., Chairman and CEO."Our two-pronged revenue growth strategy, that's organic and M&A, drove double-digit top line growth for the 20th straight quarter.  Fourth quarter revenue growth for our combined Brokerage and Risk Management segments was in excess of 30% and included organic revenue growth of 5%.  Net earnings margin was 10.2%, adjusted EBITDAC margin was 30.8% and adjusted EBITDAC grew 30%."We finished 2025 with 21% growth in revenue, 6% organic growth, 26% growth in adjusted EBITDAC and completed 33 mergers with more than $3.5 billion in estimated annualized revenue.  Another fantastic year."We have excellent momentum entering 2026 and our talented colleagues are executing on our value creation strategy.  We are extremely excited about 2026 and believe we are just getting started!"Summary of Financial Results - Year Ended December 31


















Revenues Before






Diluted Net Earnings



 Reimbursements
Net Earnings (Loss)
EBITDAC
(Loss) Per ShareSegment
Year 25Year 24
Year 25Year 24
Year 25Year 24
Year 25Year 24


















 (in millions) 
 (in millions) 
 (in millions) 

















Brokerage, as reported
$    12,192$       9,934
$    2,052$    1,686
$    3,856$    3,069
$       7.85$       7.46
Net (gains) on divestitures
(24)(24)
(18)(18)
(24)(24)
(0.07)(0.08)
Acquisition integration
--
194143
257191
0.730.63
Workforce and lease termination
--
13688
183118
0.530.39
Acquisition related adjustments
-(26)
12763
174121
0.490.28
Amortization of intangible assets
--
668486
--
2.572.16
Effective income tax rate impact
--
-(7)
--
-(0.03)
Levelized foreign currency












   translation
-57
-8
-13
-0.04














Brokerage, as adjusted  *
12,1689,941
3,1592,449
4,4463,488
12.1010.85














Risk Management, as reported
1,5851,451
183175
313290
0.700.78
Net (gains) on divestitures
(2)-
(1)-
(2)-
--
Acquisition integration
--
72
93
0.030.01
Workforce and lease termination
--
96
127
0.030.03
Acquisition related adjustments
--
3-
4-
0.01-
Amortization of intangible assets
--
1610
--
0.060.04
Levelized foreign currency












   translation
-(1)
--
--
--














Risk Management, as adjusted  *
1,5831,450
217193
336300
0.830.86














Corporate, as reported
116
(732)(390)
(491)(234)
(2.81)(1.74)
Transaction-related costs
--
10726
12232
0.410.12
Legal, tax & benefit plan related
--
423
78-
0.160.02
Clean energy-related
-(5)
-(2)
-(2)
-(0.01)














Corporate, as adjusted  *
111
(583)(363)
(291)(204)
(2.24)(1.61)














Total Company, as reported
$    13,778$    11,401
$    1,503$    1,471
$    3,678$    3,125
$       5.74$       6.50














Total Company, as adjusted  *
$    13,752$    11,402
$    2,793$    2,279
$    4,491$    3,584
$     10.69$     10.10














Total Brokerage & Risk 












Management, as reported
$    13,777$    11,385
$    2,235$    1,861
$    4,169$    3,359
$       8.55$       8.24














Total Brokerage & Risk 












Management, as adjusted  *
$    13,751$    11,391
$    3,376$    2,642
$    4,782$    3,788
$     12.93$     11.71(2 of 15)*For the year ended December 31, 2025, the pretax impact of the Brokerage segment adjustments totals $1,482 million, mostly due to non-cash period expenses related to intangible amortization, with a corresponding adjustment to the provision for income taxes of $375 million relating to these items.  For the year ended December 31, 2025, the pretax impact of the Risk Management segment adjustments totals $45 million, with a corresponding adjustment to the provision for income taxes of $11 million relating to these items.  For the year ended December 31, 2025, the pretax impact of the Corporate segment adjustments totals $200 million, with a corresponding adjustment to the benefit for income taxes of $51 million relating to these items.  A detailed reconciliation of the 2025 and 2024 provision (benefit) for income taxes is shown on pages 14 and 15. Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.Organic Revenues (Non-GAAP)
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Base Commissions and Fees







Commissions and fees, as reported
$           2,841
$           2,024
$        10,670
$           8,887Less commissions and fees from acquisitions, divested 








operations and other
(882)
(171)
(1,598)
(351)Levelized foreign currency translation
-
22
-
48










Organic base commissions and fees
$           1,959
$           1,875
$           9,072
$           8,584










Organic change in base commissions and fees 
4 %


6 %












Supplemental Revenues







Supplemental revenues, as reported
$              132
$                98
$              466
$              359Less supplemental revenues from acquisitions, divested 








operations and other
(21)
-
(33)
-Levelized foreign currency translation
-
1
-
3










Organic supplemental revenues
$              111
$                99
$              433
$              362










Organic change in supplemental revenues
12 %


20 %












Contingent Revenues







Contingent revenues, as reported
$                83
$                52
$              324
$              268Less contingent revenues from acquisitions, divested 








operations and other
(24)
-
(43)
-Levelized foreign currency translation
-
1
-
1










Organic contingent revenues  
$                59
$                53
$              281
$              269










Organic change in contingent revenues
11 %


5 %












Total reported commissions, fees, supplemental








revenues and contingent revenues
$           3,056
$           2,174
$        11,460
$           9,514Less commissions, fees, supplemental revenues








and contingent revenues from acquisitions, 








divested operations and other
(927)
(171)
(1,674)
(351)Levelized foreign currency translation
-
24
-
52










Total organic commissions, fees, supplemental








revenues and contingent revenues  
$           2,129
$           2,027
$           9,786
$           9,215










Total organic change 
5 %


6 %





















Acquisition Activity
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Number of acquisitions closed  *
6
19
31
46Estimated annualized revenues acquired (in millions)
$          118
$          189
$       3,508
$          363

*In the fourth quarter of 2025 Gallagher issued 6,000 shares of its common stock directly to sellers in connection with tax-free exchange acquisitions.  No shares were issued in fourth quarter 2024 in connection with tax-free exchange acquisitions.(3 of 15)Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.Acquisition of AssuredPartnersAs previously disclosed, on August 18, 2025, we acquired AssuredPartners for approximately $13.8 billion.  We raised $8.5 billion of cash in our December 11, 2024 follow-on common stock offering and borrowed $5.0 billion of cash in our December 19, 2024 senior notes issuance (collectively, the AssuredPartners Financing) to fund the transaction.  On January 7, 2025, we received an additional $1.3 billion of cash due to the exercise by the underwriters of the overallotment provision related to the follow-on common stock offering. Compensation Expense and Ratios
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Compensation expense, as reported
$           1,868
$           1,291
$           6,660
$           5,502










Acquisition integration 
(49)
(24)
(135)
(107)Workforce and lease termination related charges
(103)
(27)
(171)
(108)Acquisition related adjustments
(48)
(29)
(174)
(147)Levelized foreign currency translation
-
14
-
30










Compensation expense, as adjusted
$           1,668
$           1,225
$           6,180
$           5,170










Reported compensation expense ratios using reported 








revenues on pages 1 and 2*59.0 %
56.2 %
54.6 %
55.4 %Adjusted compensation expense ratios using adjusted 








revenues on pages 1 and 2**53.0 %
52.6 %
50.8 %
52.0 %

*Reported fourth quarter 2025 compensation expense ratio was 2.8 pts higher than fourth quarter 2024.  This ratio was primarily impacted by higher integration and workforce termination costs, as well as the impact of recent acquisitions and . lower interest income revenues in the quarter, as fourth quarter 2024 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024.

**Adjusted fourth quarter 2025 compensation expense ratio was 0.4 pts higher than fourth quarter 2024.  This ratio was primarily impacted by recent acquisitions as well as lower interest income revenues in the quarter, as fourth quarter 2024 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024. Operating Expense and Ratios
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Operating expense, as reported 
$              527
$              344
$           1,676
$           1,363










Acquisition integration 
(57)
(15)
(122)
(84)Workforce and lease termination related charges
(4)
(4)
(13)
(10)Levelized foreign currency translation
-
8
-
14










Operating expense, as adjusted
$              466
$              333
$           1,541
$           1,283










Reported operating expense ratios using reported 








revenues on pages 1 and 2 *16.6 %
15.0 %
13.8 %
13.7 %Adjusted operating expense ratios using adjusted 








revenues on pages 1 and 2 **14.8 %
14.3 %
12.7 %
12.9 %

*Reported fourth quarter 2025 operating expense ratio was 1.6 pts higher than fourth quarter 2024.  This ratio was primarily impacted by higher integration  and technology costs, partially offset by savings in professional fees.  This ratio was also impacted by lower interest income revenues in the quarter, as fourth quarter 2024 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024. 

**Adjusted fourth quarter 2025 operating expense ratio was 0.5 pts higher than fourth quarter 2024.  This ratio was primarily impacted by increased technology costs, partially offset by savings in professional fees.  This ratio was also impacted by lower interest income revenues in the quarter, as fourth quarter 2024 included interest income earned on proceeds associated with the AssuredPartners Financing in December 2024.(4 of 15)Brokerage Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.Net Earnings to Adjusted EBITDAC (Non-GAAP)
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Net earnings, as reported
$              317
$              317
$           2,052
$           1,686Provision for income taxes
107
108
707
573Depreciation
46
34
159
133Amortization
298
163
894
651Change in estimated acquisition earnout payables
6
39
44
26










EBITDAC 
774
661
3,856
3,069










Net losses (gains) on divestitures
(20)
1
(24)
(24)Acquisition integration
106
39
257
191Workforce and lease termination related charges
107
31
183
118Acquisition related adjustments
48
29
174
121Levelized foreign currency translation
-
8
-
13










EBITDAC, as adjusted 
$           1,015
$              769
$           4,446
$           3,488










Net earnings margin, as reported using reported 








revenues on pages 1 and 2*10.0 %
13.8 %
16.8 %
17.0 %EBITDAC margin, as adjusted using adjusted 








revenues on pages 1 and 2*32.2 %
33.0 %
36.5 %
35.1 %

*Fourth quarter 2024 adjusted EBITDAC margin includes approximately $20 million of interest income revenues earned on the proceeds received in December 2024 related to the AssuredPartners Financing.  This interest income in the prior period, as well as the seasonality of AssuredPartners and the roll-in of tuck-in acquisitions, unfavorably impacted the year over year change in fourth quarter adjusted EBITDAC margin by approximately 1.3%.Risk Management Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.Organic Revenues (Non-GAAP)
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Fees
$              403
$              357
$           1,538
$           1,406International performance bonus fees 
5
3
11
8










Fees as reported
408
360
1,549
1,414










Less fees from acquisitions
(21)
-
(60)
-Less divested operations
-
(2)
-
(9)Levelized foreign currency translation
-
3
-
(1)










Organic fees 
$              387
$              361
$           1,489
$           1,404










Organic change in fees
7 %


6 %


Acquisition Activity
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Number of acquisitions closed  
1
1
2
2Estimated annualized revenues acquired (in millions)
$            16
$            10
$            54
$            24(5 of 15)Risk Management Segment Reported GAAP to Adjusted Non-GAAP Reconciliations (continued) (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.Compensation Expense and Ratios
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Compensation expense, as reported
$              255
$              225
$              974
$              882










Acquisition integration
(1)
(1)
(3)
(2)Workforce and lease termination related charges
-
(1)
(9)
(4)Acquisition related adjustments
(2)
-
(4)
-Levelized foreign currency translation
-
1
-
(2)










Compensation expense, as adjusted
$              252
$              224
$              958
$              874










Reported compensation expense ratios using reported 








revenues (before reimbursements) on pages 1 and 2 *61.2 %
61.0 %
61.5 %
60.8 %










Adjusted compensation expense ratios using adjusted 








revenues (before reimbursements) on pages 1 and 2*60.6 %
60.2 %
60.5 %
60.3 %

*Reported fourth quarter 2025 compensation expense ratio was 0.2 pts higher than fourth quarter 2024.  Adjusted fourth quarter 2025 compensation ratio was 0.4 pts higher than fourth quarter 2024.  Both ratios were primarily impacted by increased incentive compensation, partially offset by savings related to headcount controls. Operating Expense and Ratios
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Operating expense, as reported 
$                78
$                72
$              298
$              279










Acquisition integration 
(3)
(1)
(6)
(1)Workforce and lease termination related charges
(1)
(1)
(3)
(3)Levelized foreign currency translation
-
1
-
1










Operating expense, as adjusted
$                74
$                71
$              289
$              276










Reported operating expense ratios using reported








revenues (before reimbursements) on pages 1 and 2*18.7 %
19.5 %
18.8 %
19.2 %










Adjusted operating expense ratios using reported








revenues (before reimbursements) on pages 1 and 2 **17.8 %
19.1 %
18.3 %
19.0 %

*Reported fourth quarter 2025 operating expense ratio was 0.8 pts lower than fourth quarter 2024.  This ratio was primarily impacted by savings in client-related expenses and lower business insurance costs, partially offset by increased integration costs.

**Adjusted fourth quarter 2025 operating expense ratio was 1.3 pts lower than fourth quarter 2024.  This ratio was primarily impacted by savings in client-related expenses and lower business insurance costs. Net Earnings to Adjusted EBITDAC (Non-GAAP)
4th Q 2025
4th Q 2024
Year 2025
Year 2024










Net earnings, as reported
$                49
$                43
$              183
$              175Provision for income taxes
18
15
66
63Depreciation
10
10
40
38Amortization
6
4
22
14Change in estimated acquisition earnout payables
1
-
2
-










EBITDAC
84
72
313
290










Net (gains) on divestitures
(1)
-
(2)
-Acquisition integration 
2
2
9
3Workforce and lease termination related charges
2
2
12
7Acquisition related adjustments
3
-
4
-Levelized foreign currency translation
-
1
-
-










EBITDAC, as adjusted 
$                90
$                77
$              336
$              300










Net earnings margin, as reported using reported 








revenues (before reimbursements) on pages 1 and 2 
11.8 %
11.7 %
11.6 %
12.1 %










EBITDAC margin, as adjusted using adjusted 








revenues (before reimbursements) on pages 1 and 2
21.6 %
20.7 %
21.2 %
20.6 %(6 of 15)Corporate Segment Reported GAAP to Adjusted Non-GAAP Reconciliation (dollars in millions):See "Information Regarding Non-GAAP Measures" on page 9 of 15.


















2025




2024








Net Earnings




Net Earnings






(Loss)




(Loss)




Income
Attributable to


Income
Attributable to


Pretax
Tax
Controlling
Pretax
Tax
Controlling4th Quarter
Loss
Benefit
Interests
Loss
Benefit
InterestsComponents of Corporate Segment, as reported


























Interest and banking costs
$      (162)
$         42
$              (120)
$        (94)
$         24
$                (70)Clean energy related 
(2)
1
(1)
-
-
-Acquisition costs (1) 
(41)
9
(32)
(24)
5
(19)Corporate (2)
(106)
47
(59)
(32)
19
(13)













Reported 4th Quarter
(311)
99
(212)
(150)
48
(102)













Adjustments











Clean energy related 
-
-
-
(2)
-
(2)Transaction-related costs (1) 
36
(9)
27
17
(2)
15Legal and tax related (3)
10
(9)
1
-
-
-Benefit plan related (4)
44
(11)
33
-
-
-













Components of Corporate Segment, as adjusted

























Interest and banking costs
(162)
42
(120)
(94)
24
(70)Clean energy related
(2)
1
(1)
(2)
-
(2)Acquisition costs
(5)
-
(5)
(7)
3
(4)Corporate (2)
(52)
27
(25)
(32)
19
(13)













Adjusted 4th Quarter
$      (221)
$         70
$              (151)
$      (135)
$         46
$                (89)













Year Ended December 31, 











Components of Corporate Segment, as reported

























Interest and banking costs 
$      (642)
$       167
$              (475)
$      (376)
$         97
$              (279)Clean energy related
(8)
3
(5)
(6)
1
(5)Acquisition costs (1) 
(139)
17
(122)
(51)
10
(41)Corporate (2)
(348)
218
(130)
(189)
124
(65)













Reported year
(1,137)
405
(732)
(622)
232
(390)













Adjustments











Clean energy related
-
-
-
(2)
-
(2)Transaction-related costs (1) 
122
(15)
107
32
(6)
26Legal and tax related (3)
34
(25)
9
-
3
3Benefit plan related (4)
44
(11)
33
-
-
-













Components of Corporate Segment, as adjusted

























Interest and banking costs
(642)
167
(475)
(376)
97
(279)Clean energy related
(8)
3
(5)
(8)
1
(7)Acquisition costs 
(17)
2
(15)
(19)
4
(15)Corporate (2)
(270)
182
(88)
(189)
127
(62)













Adjusted Year
$      (937)
$       354
$              (583)
$      (592)
$       229
$              (363)

(1)Gallagher incurred transaction-related costs, which include legal, consulting, employee compensation and other professional fees associated with completed, future and terminated acquisitions.  Adjustments primarily relate to the acquisition of the Willis Towers Watson treaty reinsurance brokerage operations, the acquisitions of Buck, Cadence Insurance, Eastern Insurance Group, all of which closed in 2023, as well as Woodruff Sawyer and AssuredPartners, which closed in April 2025 and August 2025, respectively.(2)Corporate pretax loss includes a net unrealized foreign exchange remeasurement loss of $(4) million in fourth quarter 2025 and a net unrealized foreign exchange remeasurement gain of $16 million in fourth quarter 2024.  Corporate pretax loss includes a net unrealized foreign exchange remeasurement loss of $(47) million in the year ended December 31, 2025 and a net unrealized foreign exchange remeasurement loss of zero in the year ended December 31, 2024.  (7 of 15)(3)Adjustments in fourth quarter 2025 and 2024 include costs associated with legal and tax matters.(4)Adjustments in fourth quarter 2025 include costs associated with the termination of the Gallagher US defined pension plan and other benefit plan changes.Interest and banking costs and debt - At December 31, 2025, Gallagher had $9,550 million of borrowings from public debt, $3,323 million of borrowings from private placements and no borrowings under its line of credit facility.  In addition, Gallagher had $226 million outstanding under a revolving loan facility that provides funding for premium finance receivables, which are fully collateralized by the underlying premiums held by insurance carriers, and as such are excluded from its debt covenant computations, as applicable.  Interest and banking costs in fourth quarter 2025 are higher than the same period in 2024 primarily due to the debt issuances that occurred in December 2024.Clean energy related - For 2025, this consists of operating results related to Gallagher's investments in new clean energy projects, primarily fusion and carbon sequestration projects.Acquisition costs - Consists mostly of external professional fees and other due diligence costs related to acquisitions.  On occasion, Gallagher enters into forward currency hedges for the purchase price of committed, but not yet funded, acquisitions with funding requirements in currencies other than the U.S. dollar.  The gains or losses, if any, associated with these hedge transactions are also included in acquisition costs.Corporate - Consists of overhead allocations mostly related to corporate staff compensation, other corporate level activities, and net unrealized foreign exchange remeasurement.  In addition, it includes the tax expense related to the partial taxation of foreign earnings, nondeductible executive compensation and entertainment expenses, the tax benefit from the vesting of employee equity awards, as well as other permanent or discrete tax items not reflected in the provision for income taxes in the Brokerage and Risk Management segments. Income Taxes - Gallagher allocates the provision for income taxes to its Brokerage and Risk Management segments using the local country statutory rates.  Gallagher's consolidated effective tax rate for the quarters ended December 31, 2025 and 2024 were 14.3% and 22.5%, respectively.  Gallagher's consolidated effective tax rate for the year ended December 31, 2025 and 2024 were 19.7% and 21.5%, respectively Webcast Conference Call - Gallagher will host a webcast conference call on Thursday, January 29, 2026 at 5:15 p.m. ET/4:15 p.m. CT.  To listen to this call, please go to Arthur J. Gallagher & Co. - Events & Presentations (ajg.com).  The call will be available for replay at such website for at least 90 days. About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.  Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. Information Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  When used in this press release, the words "anticipates," "believes," "contemplates," "see," "should," "could," "will," "estimates," "expects," "intends," "plans" and variations thereof and similar expressions, are intended to identify forward-looking statements.  Examples of forward-looking statements include, but are not limited to, anticipated future results or performance of any segment or Gallagher as a whole; acquisition rollover revenues, statements regarding changes in its expenses in the next several quarters; future capital structure changes, including debt levels from time to time; the impact of foreign currency on its results; integration costs; workforce and lease termination costs; amortization of intangibles; depreciation; change in estimated earnout payables; effective tax rate; earnings from continuing operations attributable to noncontrolling interests; the premium rate environment and the state of insurance markets; and the economic environment.Gallagher's actual results may differ materially from those contemplated by the forward-looking statements.  Readers are therefore cautioned against relying on any of the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. (8 of 15)Important factors that could cause actual results to differ materially from those in the forward-looking statements include global economic and geopolitical events, including, among others, fluctuations in interest and inflation rates; geo-economic fragmentation and protectionism such as tariffs, trade wars or similar governmental actions affecting the flows of goods, services or currency; a U.S. government shutdown; political violence and instability, such as the armed conflicts in Ukraine the Middle East, Latin America and the Caribbean; its actual acquisition opportunities, including closing risks related to pending acquisitions,  risks with respect to larger acquisitions such as AssuredPartners, the largest acquisition in our history, including risks related to its ability to successfully integrate operations, the possibility that its assumptions may be inaccurate resulting in unforeseen obligations or liabilities and failure to realize the expected benefits of these acquisitions; damage to its reputation due to its failure to uphold its culture or negative perceptions or publicity, including as a result of amplifying effects that the Internet and social media may have on such perceptions; reputational issues related to its sustainability-related activities, including potential backlash against such activities, and compliance with increasingly complex climate- and other sustainability- related regulations, such as risks related to "greenwashing" and "greenhushing"; cybersecurity-related risks; its ability to apply technology, data analytics and artificial intelligence effectively and potential increased costs resulting from such activities; risks associated with the use of artificial intelligence in its business operations, including regulatory, data privacy, cybersecurity, errors and omissions, intellectual property and competition risks; heightened competition for talent and increased compensation costs; disasters or other business interruptions, including with respect to its operations in India; risks related to its international operations, such as those related to regulatory, tax, sustainability, sanctions and anti-corruption compliance and increased scrutiny of the use of off-shore centers of excellence such as those we operate in India and elsewhere; changes to data privacy and protection laws and regulations; foreign exchange rates; changes in accounting standards; changes in premium rates and in insurance markets generally, including the impact of large or man-made natural events; tax, environmental or other compliance risks related to its legacy clean energy investments; its inability to receive dividends or other distributions from subsidiaries; and changes in the insurance brokerage industry's competitive landscape.Please refer to Gallagher's filings with the Securities and Exchange Commission, including Item 1A, "Risk Factors," of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its subsequently filed Quarterly Reports on Form 10-Q for a more detailed discussion of these and other factors that could impact its forward-looking statements.  Any forward-looking statement made by Gallagher in this press release speaks only as of the date on which it is made.  Except as required by applicable law, Gallagher does not undertake to update the information included herein or the corresponding earnings release posted on Gallagher's website.Information Regarding Non-GAAP Measures
In addition to reporting financial results in accordance with GAAP, this press release provides information regarding EBITDAC, EBITDAC margin, adjusted EBITDAC, adjusted EBITDAC margin, diluted net earnings per share, as adjusted (adjusted EPS), adjusted revenue, adjusted compensation and operating expenses, adjusted compensation expense ratio, adjusted operating expense ratio and organic revenue.  These measures are not in accordance with, or an alternative to, the GAAP information provided in this press release.  Gallagher's management believes that these presentations provide useful information to management, analysts and investors regarding financial and business trends relating to Gallagher's results of operations and financial condition or because they provide investors with measures that its chief operating decision maker uses when reviewing Gallagher's performance.  See further below for definitions and additional reasons each of these measures is useful to investors.  Gallagher's industry peers may provide similar supplemental non-GAAP information with respect to one or more of these measures, although they may not use the same or comparable terminology and may not make identical adjustments.  The non-GAAP information provided by Gallagher should be used in addition to, but not as a substitute for, the GAAP information provided.  As disclosed in its most recent Proxy Statement, Gallagher makes determinations regarding certain elements of executive officer incentive compensation, performance share awards and annual cash incentive awards, partly on the basis of measures related to adjusted EBITDAC. Adjusted Non-GAAP presentation - Gallagher believes that the adjusted non-GAAP presentations of the current and prior period information presented in this earnings release provide stockholders and other interested persons with useful information regarding certain financial metrics of Gallagher that may assist such persons in analyzing Gallagher's operating results as they develop a future earnings outlook for Gallagher.  The after-tax amounts related to the adjustments were computed using the normalized effective tax rate for each respective period.  See pages 14 and 15 for a reconciliation of the adjustments made to income taxes.Adjusted measures - Revenues (for the Brokerage segment), revenues before reimbursements (for the Risk Management segment), net earnings, compensation expense and operating expense, respectively, each adjusted to exclude the following, as applicable:Net gains (losses) on divestitures, which are primarily net proceeds received related to sales of books of business and other divestiture transactions, such as the disposal of a business through sale or closure.(9 of 15)Acquisition integration costs, which include costs related to certain large acquisitions (including the acquisitions of the Willis Towers Watson treaty reinsurance brokerage operations, Buck, Cadence Insurance, Eastern Insurance Group, My Plan Manager, Woodruff Sawyer and AssuredPartners), outside the scope of the usual tuck-in strategy, not expected to occur on an ongoing basis in the future once Gallagher fully assimilates the applicable acquisition. These costs are typically associated with redundant workforce, compensation expense related to amortization of certain retention bonus arrangements, extra lease space, duplicate services and external costs incurred to assimilate the acquisition into its IT related systems.Transaction-related costs, which are associated with completed, future and terminated acquisitions.  Costs primarily relate to the acquisitions of the Willis Towers Watson treaty reinsurance brokerage operations, Buck, Cadence Insurance, Eastern Insurance Group, all of which closed in 2023, as well as Woodruff Sawyer and AssuredPartners, which closed in April 2025 and August 2025, respectively.  These include costs related to regulatory filings, legal and accounting services, insurance and incentive compensation.Workforce related charges, which primarily include severance costs (either accrued or paid) related to employee terminations and other costs associated with redundant workforce.Lease termination related charges, which primarily include costs related to terminations of real estate leases and abandonment of leased space.Acquisition related adjustments principally relate to changes in estimated acquisition earnout payables adjustments and acquisition related compensation charges. In addition, from time to time may include changes in balance sheet estimates arising from conforming accounting principles, purchase-related true-ups and other balance sheet adjustments made after the closing date; the net impact of these on first quarter 2024 results was approximately $26 million of revenues and approximately $28 million of compensation expense.Amortization of intangible assets, which reflects the amortization of customer/expiration lists, non-compete agreements, trade names and other intangible assets acquired through Gallagher's merger and acquisition strategy, the impact to amortization expense of acquisition valuation adjustments to these assets as well as non-cash impairment charges.The impact of foreign currency translation, as applicable. The amounts excluded with respect to foreign currency translation are calculated by applying current year foreign exchange rates to the same period in the prior year.Effective income tax rate impact, which levelizes the prior year for the change in current year tax rates.Legal and tax related, which represents the impact of adjustments in fourth quarter 2025 and 2024 related to costs associated with legal and tax matters.Benefit plan related, which represents the impact of adjustments in fourth quarter 2025 related to costs associated with the termination of the Gallagher US defined pension plan and other benefit plan changes.Adjusted ratios - Adjusted compensation expense and adjusted operating expense, respectively, each divided by adjusted revenues.Non-GAAP Earnings MeasuresEBITDAC and EBITDAC margin - EBITDAC is net earnings before interest, income taxes, depreciation, amortization and the change in estimated acquisition earnout payables and EBITDAC margin is EBITDAC divided by total revenues (for the Brokerage segment) and revenues before reimbursements (for the Risk Management segment). These measures for the Brokerage and Risk Management segments provide a meaningful representation of Gallagher's operating performance for the overall business and provide a meaningful way to measure its financial performance on an ongoing basis.EBITDAC, as Adjusted and EBITDAC Margin, as Adjusted - Adjusted EBITDAC is EBITDAC adjusted to exclude net gains on divestitures, acquisition integration costs, workforce related charges, lease termination related charges, acquisition related adjustments, transaction related costs, and the period-over-period impact of foreign currency translation, as applicable, and Adjusted EBITDAC margin is Adjusted EBITDAC divided by total adjusted revenues (defined above). These measures for the Brokerage and Risk Management segments provide a meaningful representation of Gallagher's operating performance and are also presented to improve the comparability of its results between periods by eliminating the impact of the items that have a high degree of variability.EPS, as Adjusted and Net Earnings, as Adjusted - Adjusted net earnings have been adjusted to exclude the after-tax impact of net gains on divestitures, acquisition integration costs, the impact of foreign currency translation, workforce related charges, lease termination related charges, acquisition related adjustments, transaction related costs, amortization of intangible assets, and effective income tax rate impact, as applicable. Adjusted EPS is Adjusted Net Earnings divided by diluted weighted average shares outstanding. This measure provides a meaningful representation of Gallagher's operating performance (and as such should not be used as a measure of Gallagher's liquidity), and for the overall business is also presented to improve the comparability of its results between periods by eliminating the impact of the items that have a high degree of variability.(10 of 15)Organic Revenues (a non-GAAP measure) - Organic revenue change measures the year-over-year percentage change in organic revenue.  For the Brokerage segment, organic revenue consists of base commission and fee revenues, supplemental revenues and contingent revenues, excluding the first twelve months of such revenues generated from acquisitions and such revenues related to divested operations, which include disposals of a business through sale or closure, estimate changes, run-off of a business and the restructuring and/or repricing of programs and products, in each period presented.  Such revenues are excluded from organic revenues in order to help interested persons analyze the revenue growth associated with the operations that were a part of Gallagher in both the current and prior period.  In order to improve the comparability of Gallagher's results between periods, we further exclude the period-over-period impact of foreign currency translation; revenue from certain large life product sales within Gallagher's Executive Life and Benefits practice group (which are typically large, singular transactions with a high degree of variability in amount and timing); and revenue attributable to changes in assumptions used to calculate estimated deferred revenues, which impact the quarterly timing of revenues during the annual contract period.  For the Risk Management segment, organic revenue consists of fee revenues excluding the first twelve months of such revenues generated from acquisitions and such revenues related to divested operations in each period presented.  In order to improve the comparability of Gallagher's results between periods, we further exclude the period-over-period impact of foreign currency translation. These revenue items are excluded from organic revenues in order to determine a comparable, but non-GAAP, measurement of revenue growth that is associated with the revenue sources that are expected to continue in the current year and beyond, as well as eliminating the impact of the items that have a high degree of variability.  Gallagher has historically viewed organic revenue growth as an important indicator when assessing and evaluating the performance of its Brokerage and Risk Management segments.  Gallagher also believes that using this non-GAAP measure allows readers of its financial statements to measure, analyze and compare the growth from its Brokerage and Risk Management segments in a meaningful and consistent manner.Reconciliation of Non-GAAP Information Presented to GAAP Measures - This press release includes tabular reconciliations to the most comparable GAAP measures, as follows: for EBITDAC (on pages 12 and 13), for adjusted revenues, adjusted EBITDAC and adjusted diluted net earnings per share (on pages 1 and 2), for organic revenue measures (on pages 3 and 5, respectively, for the Brokerage and Risk Management segments), for adjusted compensation and operating expenses and adjusted EBITDAC margin (on pages 4, 5 and 6 respectively, for the Brokerage and Risk Management segments). (11 of 15)Arthur J. Gallagher & Co.Reported Statement of Earnings and EBITDAC - 4th Quarter December 31,(Unaudited - in millions except per share, percentage and workforce data)












 4th Q Ended 
 4th Q Ended 
 Year Ended 
 Year Ended Brokerage Segment 

 Dec 31, 2025 
 Dec 31, 2024 
 Dec 31, 2025 
 Dec 31, 2024 









Commissions
$           2,059
$           1,501
$           8,024
$           6,694Fees
782
523
2,646
2,193Supplemental revenues 
132
98
466
359Contingent revenues
83
52
324
268Interest income, premium finance revenues and other income113
122
732
420     Total revenues
3,169
2,296
12,192
9,934









Compensation
1,868
1,291
6,660
5,502Operating
527
344
1,676
1,363Depreciation
46
34
159
133Amortization
298
163
894
651Change in estimated acquisition earnout payables6
39
44
26     Expenses
2,745
1,871
9,433
7,675









Earnings before income taxes
424
425
2,759
2,259Provision for income taxes  
107
108
707
573









Net earnings 
317
317
2,052
1,686Net earnings attributable to noncontrolling interests3
-
9
8









Net earnings attributable to controlling interests$              314
$              317
$           2,043
$           1,678









EBITDAC 







Net earnings
$              317
$              317
$           2,052
$           1,686Provision for income taxes
107
108
707
573Depreciation
46
34
159
133Amortization
298
163
894
651Change in estimated acquisition earnout payables6
39
44
26









EBITDAC
$              774
$              661
$           3,856
$           3,069






















 4th Q Ended 
 4th Q Ended 
 Year Ended 
 Year Ended Risk Management Segment 
 Dec 31, 2025 
 Dec 31, 2024 
 Dec 31, 2025 
 Dec 31, 2024 









Fees
$              408
$              360
$           1,549
$           1,414Interest income and other income
9
9
36
37     Revenues before reimbursements
417
369
1,585
1,451Reimbursements
42
36
164
154     Total revenues
459
405
1,749
1,605









Compensation
255
225
974
882Operating
78
72
298
279Reimbursements
42
36
164
154Depreciation
10
10
40
38Amortization
6
4
22
14Change in estimated acquisition earnout payables1
-
2
-     Expenses
392
347
1,500
1,367









Earnings before income taxes
67
58
249
238Provision for income taxes
18
15
66
63









Net earnings 
49
43
183
175Net earnings attributable to noncontrolling interests-
-
-
-









Net earnings attributable to controlling interests$                49
$                43
$              183
$              175









EBITDAC 







Net earnings 
$                49
$                43
$              183
$              175Provision for income taxes
18
15
66
63Depreciation
10
10
40
38Amortization
6
4
22
14Change in estimated acquisition earnout payables1
-
2
-









EBITDAC
$                84
$                72
$              313
$              290









See "Information Regarding Non-GAAP Measures" beginning on page 9 of 15.










(12 of 15) Arthur J. Gallagher & Co.Reported Statement of Earnings and EBITDAC - 4th Quarter December 31,(Unaudited - in millions except share and per share data)












 4th Q Ended 
 4th Q Ended 
 Year Ended 
 Year Ended Corporate Segment 
 Dec 31, 2025 
 Dec 31, 2024 
 Dec 31, 2025 
 Dec 31, 2024 









Other income
$                 -
$               14
$                 1
$               16
Total revenues
-
14
1
16









Compensation
86
38
208
138Operating
62
22
284
112Interest
161
102
639
381Depreciation
2
2
7
7
Expenses
311
164
1,138
638









Loss before income taxes
(311)
(150)
(1,137)
(622)Benefit for income taxes
(99)
(48)
(405)
(232)









Net loss
(212)
(102)
(732)
(390)Net loss attributable to noncontrolling interests-
-
-
-









Net loss attributable to controlling interests$             (212)
$             (102)
$             (732)
$             (390)









EBITDAC 







Net loss
$             (212)
$             (102)
$             (732)
$             (390)Benefit for income taxes
(99)
(48)
(405)
(232)Interest
161
102
639
381Depreciation
2
2
7
7









EBITDAC
$              148)
$                46)
$             (491)
$              234)






















 4th Q Ended 
 4th Q Ended 
 Year Ended 
 Year Ended Total Company 
 Dec 31, 2025 
 Dec 31, 2024 
 Dec 31, 2025 
 Dec 31, 2024 









Commissions
$           2,059
$            1,501
$           8,024
$           6,694Fees
1,190
883
4,195
3,607Supplemental revenues 
132
98
466
359Contingent revenues
83
52
324
268Interest income, premium finance revenues and other income122
145
769
473
Revenues before reimbursements
3,586
2,679
13,778
11,401Reimbursements
42
36
164
154
Total revenues
3,628
2,715
13,942
11,555









Compensation
2,209
1,554
7,842
6,522Operating
667
438
2,258
1,754Reimbursements
42
36
164
154Interest
161
102
639
381Depreciation
58
46
206
178Amortization
304
167
916
665Change in estimated acquisition earnout payables7
39
46
26
Expenses
3,448
2,382
12,071
9,680









Earnings before income taxes
180
333
1,871
1,875Provision for income taxes
26
75
368
404









Net earnings 
154
258
1,503
1,471Net earnings attributable to noncontrolling interests3
-
9
8









Net earnings attributable to controlling interests$              151
$              258
$            1,494
$            1,463









Diluted net earnings per share
$              0.58
$              1.12
$              5.74
$              6.50









Dividends declared per share
$              0.65
$              0.60
$              2.60
$              2.40









EBITDAC 







Net earnings 
$               154
$               258
$            1,503
$            1,471Provision for income taxes
26
75
368
404Interest
161
102
639
381Depreciation
58
46
206
178Amortization
304
167
916
665Change in estimated acquisition earnout payables7
39
46
26









EBITDAC
$               710
$               687
$            3,678
$            3,125









See "Information Regarding Non-GAAP Measures" beginning on page 9 of 15.











 (13 of 15) Arthur J. Gallagher & Co.Consolidated Balance Sheet(Unaudited - in millions except per share data)








 Dec 31, 2025 
 Dec 31, 2024 





Cash and cash equivalents
$            1,396
$           14,987Fiduciary assets (includes fiduciary cash of $7,142 in 2025 and $5,481 in 2024)
26,899
24,712Accounts receivable, net
5,175
3,896Other current assets
886
518






Total current assets
34,356
44,113





Fixed assets - net
789
650Deferred income taxes (includes tax credit carryforwards of $772 in 2024)
43
959Other noncurrent assets
1,602
1,355Right-of-use assets 
598
378Goodwill
22,593
12,270Amortizable intangible assets - net
10,684
4,530






Total assets
$           70,665
$           64,255





Fiduciary liabilities
$           26,899
$           24,712Accrued compensation and other current liabilities
4,017
3,586Deferred revenue - current
737
537Premium financing debt
226
225Corporate related borrowings - current
640
200






Total current liabilities
32,519
29,260





Corporate related borrowings - noncurrent
12,104
12,732Deferred revenue - noncurrent
155
67Lease liabilities - noncurrent
515
328Other noncurrent liabilities (includes tax credit carryforwards of $713 in 2025)
2,025
1,688






Total liabilities
47,318
44,075





Stockholders' equity:



Common stock - issued and outstanding
257
250Capital in excess of par value
17,783
16,069Retained earnings
5,806
4,986Accumulated other comprehensive loss
(525)
(1,151)





Total controlling interests stockholders' equity
23,321
20,154Noncontrolling interests
26
26






Total stockholders' equity
23,347
20,180






Total liabilities and stockholders' equity
$           70,665
$           64,255





 Arthur J. Gallagher & Co.Other Information(Unaudited - data is rounded where indicated)












4th Q Ended
4th Q Ended
Year Ended
Year EndedOTHER INFORMATION
Dec 31, 2025
Dec 31, 2024
Dec 31, 2025
Dec 31, 2024









Basic weighted average shares outstanding (000s) *256,901
226,425
256,150
220,502Diluted weighted average shares outstanding (000s) *260,258
231,059
260,134
224,966









Number of common shares outstanding at end of period (000s)




256,976
249,999









Workforce at end of period (includes acquisitions):








Brokerage 



 ** 55,561
42,091
Risk Management 




10,889
10,339
Total Company 



 ** 71,776
55,977









*   Gallagher completed a follow on public offering of 30,357,143 shares of its common stock on December 11, 2024 and 4,553,571 shares of its common stock      on January 7, 2025, to fund a portion of the acquisition of AssuredPartners.









**  The acquisition of AssuredPartners added approximately 10,900 employees in August 2025. Reconciliation of Non-GAAP Measures - Pre-tax Earnings and Diluted Net Earnings per Share (Unaudited)













(Unaudited - in millions except share and per share data)









Net Earnings 
Net Earnings 




Earnings
Provision


(Loss)
(Loss)
Diluted Net


(Loss)
(Benefit)


Attributable to
Attributable to
Earnings


Before Income
for Income
Net Earnings
Noncontrolling
Controlling
(Loss)


Taxes
Taxes
(Loss)
Interests
Interests
per Share













4th Q Ended December 31, 2025











Brokerage, as reported
$               424
$               107
$               317
$                   3
$               314
$              1.21













Net (gains) on divestitures
(20)
(5)
(15)
-
(15)
(0.06)Acquisition integration
106
27
79
-
79
0.30Workforce and lease termination
106
26
80
-
80
0.31Acquisition related adjustments
43
13
30
-
30
0.12Amortization of intangible assets
298
75
223
-
223
0.86













Brokerage, as adjusted
$               957
$               243
$               714
$                   3
$               711
$              2.74













Risk Management, as reported
$                 67
$                 18
$                 49
$                   -
$                 49
$              0.19













Net (gains) on divestitures
(1)
-
(1)
-
(1)
-Acquisition integration
2
1
1
-
1
-Workforce and lease termination
2
1
1
-
1
-Acquisition related adjustments
3
-
3
-
3
0.01Amortization of intangible assets
6
2
4
-
4
0.02













Risk Management, as adjusted
$                 79
$                 21
$                 58
$                   -
$                 58
$              0.22













Corporate, as reported
$              (311)
$                (99)
$              (212)
$                   -
$              (212)
$             (0.82)













Transaction-related costs
36
9
27
-
27
0.10Legal, tax and benefit plan related
54
20
34
-
34
0.14













Corporate, as adjusted
$              (221)
$                (70)
$              (151)
$                   -
$              (151)
$             (0.58)













See "Information Regarding Non-GAAP Measures" beginning on page 9 of 15.













 (14 of 15) Reconciliation of Non-GAAP Measures - Pre-tax Earnings and Diluted Net Earnings per Share (Unaudited) - Continued

















(Unaudited - in millions except share and per share data)




















Net Earnings 
Net Earnings 




Earnings
Provision


(Loss)
(Loss)
Diluted Net


(Loss)
(Benefit)


Attributable to
Attributable to
Earnings


Before Income
for Income
Net Earnings
Noncontrolling
Controlling
(Loss)


Taxes
Taxes
(Loss)
Interests
Interests
per Share













4th Q Ended December 31, 2024











Brokerage, as reported
$               425
$               108
$               317
$                   -
$               317
$              1.37













Net losses on divestitures
1
-
1
-
1
-Acquisition integration
39
10
29
-
29
0.13Workforce and lease termination
31
8
23
-
23
0.10Acquisition related adjustments
53
13
40
-
40
0.17Amortization of intangible assets
163
42
121
-
121
0.53Effective income tax rate impact
-
(1)
1
-
1
0.01Levelized foreign currency translation
7
2
5
-
5
0.02













Brokerage, as adjusted
$               719
$               182
$               537
$                   -
$               537
$              2.33













Risk Management, as reported
$                 58
$                 15
$                 43
$                   -
$                 43
$              0.19













Acquisition integration
1
1
-
-
-
-Workforce and lease termination
4
1
3
-
3
0.01Acquisition related adjustments
-
-
-
-
-
-Amortization of intangible assets
4
1
3
-
3
0.01Levelized foreign currency translation
1
-
1
-
1
-













Risk Management, as adjusted
$                 68
$                 18
$                 50
$                   -
$                 50
$              0.21













Corporate, as reported
$              (150)
$                (48)
$              (102)
$                   -
$              (102)
$             (0.44)













Transaction-related costs
17
3
14
-
14
0.06Clean energy-related
(2)
(1)
(1)
-
(1)
-













Corporate, as adjusted
$              (135)
$                (46)
$                (89)
$                   -
$                (89)
$             (0.38)






















 Net Earnings  
 Net Earnings  




 Earnings 




 (Loss) 
 (Loss) 
 Diluted Net 


 (Loss) 
 (Benefit) 


 Attributable to 
 Attributable to 
 Earnings 


 Before Income 
 for Income 
 Net Earnings 
 Noncontrolling 
 Controlling 
 (Loss) 


 Taxes 
 Taxes 
 (Loss) 
 Interests 
 Interests 
 per Share 













Year Ended December 31, 2025











Brokerage, as reported
$            2,759
$               707
$            2,052
$                   9
$            2,043
$              7.85













Net (gains) on divestitures
(24)
(6)
(18)
-
(18)
(0.07)Acquisition integration
257
63
194
-
194
0.73Workforce and lease termination
183
47
136
-
136
0.53Acquisition related adjustments
172
45
127
-
127
0.49Amortization of intangible assets
894
226
668
-
668
2.57













Brokerage, as adjusted
$            4,241
$            1,082
$            3,159
$                   9
$            3,150
$            12.10













Risk Management, as reported
$               249
$                 66
$               183
$                   -
$               183
$              0.70













Net (gains) on divestitures
(2)
(1)
(1)
-
(1)
-Acquisition integration
9
2
7
-
7
0.03Workforce and lease termination
12
3
9
-
9
0.03Acquisition related adjustments
4
1
3
-
3
0.01Amortization of intangible assets
22
6
16
-
16
0.06













Risk Management, as adjusted
$               294
$                 77
$               217
$                   -
$               217
$              0.83













Corporate, as reported
$           (1,137)
$              (405)
$              (732)
$                   -
$              (732)
$             (2.81)













Transaction-related costs
122
15
107
-
107
0.41Legal, tax and benefit plan related
78
36
42
-
42
0.16













Corporate, as adjusted
$              (937)
$              (354)
$              (583)
$                   -
$              (583)
$             (2.24)






















 Net Earnings  
 Net Earnings  




 Earnings 
 Provision 


 (Loss) 
 (Loss) 
 Diluted Net 


 (Loss) 
 (Benefit) 


 Attributable to 
 Attributable to 
 Earnings 


 Before Income 
 for Income 
 Net Earnings 
 Noncontrolling 
 Controlling 
 (Loss) 


 Taxes 
 Taxes 
 (Loss) 
 Interests 
 Interests 
 per Share 













Year Ended December 31, 2024











Brokerage, as reported
$            2,259
$               573
$            1,686
$                   8
$            1,678
$              7.46













Net (gains) on divestitures
(24)
(6)
(18)
-
(18)
(0.08)Acquisition integration
191
48
143
-
143
0.63Workforce and lease termination
118
30
88
-
88
0.39Acquisition related adjustments
85
22
63
(3)
66
0.28Amortization of intangible assets
651
165
486
-
486
2.16Effective income tax rate impact
-
7
(7)
-
(7)
(0.03)Levelized foreign currency translation
13
5
8
-
8
0.04













Brokerage, as adjusted
$            3,293
$               844
$            2,449
$                   5
$            2,444
$            10.85













Risk Management, as reported
$               238
$                 63
$               175
$                   -
$               175
$              0.78













Acquisition integration
3
1
2
-
2
0.01Workforce and lease termination
8
2
6
-
6
0.03Amortization of intangible assets
14
4
10
-
10
0.04













Risk Management, as adjusted
$               263
$                 70
$               193
$                   -
$               193
$              0.86













Corporate, as reported
$              (622)
$              (232)
$              (390)
$                   -
$              (390)
$             (1.74)













Transaction-related costs
32
6
26
-
26
0.12Legal and tax related
-
(3)
3
-
3
0.02Clean energy-related
(2)
-
(2)
-
(2)
(0.01)













Corporate, as adjusted
$              (592)
$              (229)
$              (363)
$                   -
$              (363)
$             (1.61)













See "Information Regarding Non-GAAP Measures" on page 9 of 15.









Contact:
Ray Iardella
Vice President - Investor Relations
630-285-3661 or ray_iardella@ajg.com(15 of 15)See "Information Regarding Non-GAAP Measures" on page 9 of 15.



View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-announces-fourth-quarter-and-full-year-2025-financial-results-302674461.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. Announces Fourth Quarter and Full Year 2025 Financial Results

Arthur J. Gallagher & Co. Increases Cash Dividend to $0.70 per ShareJanuary 28, 2026 4:15 PM
PR Newswire (US)

ROLLING MEADOWS, Ill., Jan. 28, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a seventy cents ($0.70) per share quarterly cash dividend on the company's common stock, a $0.05 increase over the prior quarter's dividend.  The dividend will be payable on March 20, 2026 to Stockholders of Record as of March 6, 2026.Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.Contact:
Ray Iardella              
VP – Investor Relations
630-285-3661/ray_iardella@ajg.com  



View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-increases-cash-dividend-to-0-70-per-share-302673169.htmlSOURCE Arthur J. Gallagher & Co.

Original: Arthur J. Gallagher & Co. Increases Cash Dividend to $0.70 per Share

>>> Arthur J. Gallagher Sustains Its Acquisition Spree, Bolsters Portfolio


Zacks Equity Research

December 19, 2024


https://finance.yahoo.com/news/arthur-j-gallagher-sustains-acquisition-154400984.html


Arthur J. Gallagher & Co. AJG recently acquired M.J. Schuetz Insurance Services Inc. The terms of the deal have been kept under wraps.

Indianapolis, IN-based Schuetz Insurance provides property and casualty, surety and bonding services across the Midwest with industry expertise in construction, landscaping, manufacturing and real estate.

The addition of Schuetz is expected to enhance the retail brokerage operations of Arthur J. Gallagher in the Midwest.

AJG also acquired Austin, TX-based Howe Insurance Group LLC, which is doing business as DMc Insurance Partners in December 2024. DMc Insurance Partners seems to be a prudent pick by AJG since it is a personal lines-focused insurance agency that caters to small business owners across Austin.

With this acquisition, Arthur J. Gallagher will leverage the strong capabilities of DMc Insurance Partners to strengthen the personal lines and small business capabilities of AJG in the market.

Arthur J. Gallagher has an impressive inorganic story with buyouts in the Brokerage and Risk Management segments. Since Jan. 1, 2002, this Zacks Rank #3 (Hold) insurance broker had acquired 725 companies so far. Revenue growth rates generally ranged from 5% to 15% for 2024 acquisitions.

The company completed 27 new brokerage mergers, totaling $173.9 million of estimated annualized revenues in the first nine months of 2024. The company is growing through mergers and acquisitions, most of which are within its Brokerage segment. AJG has a strong merger pipeline of more than 100 companies representing about $1.5 billion of annualized revenues. Of these 60 term sheets are signed or being prepared, representing about $700 million of annualized revenues.

A solid capital position ensuring continuous cash inflow supports AJG in its growth initiatives. It remains focused on continuing its tuck-in mergers and acquisitions. The insurer continues to expect about $3 billion of capacity to fund M&A in 2024 and $4 billion in 2025 using only free cash and incremental borrowings.

In December 2024, AJG also agreed to acquire AssuredPartners. Pending customary regulatory approvals, the transaction is expected to be completed during the first quarter of 2025. By integrating AssuredPartners, the acquirer is expected to further expand Gallagher's retail middle-market property and casualty and employee benefits focus across the United States, build on new business opportunities by leveraging Gallagher's expertise, data and analytics and expansive product offerings.

The move will further reinforce Gallagher's capabilities across multiple niche practice groups and create opportunities for Gallagher's wholesale, reinsurance and claims management businesses.

AJG also acquired Sheila J. Butler & Company, Dawson & Keenan Insurance Ltd. and Hann Insurance Brokers Pty Ltd. in December 2024. Financial details of all these deals are yet to be disclosed. These transactions are expected to expand AJG's retail brokerage capabilities, provide growth opportunities for retail brokerage operations, enhance the existing benefits consulting capabilities and expand the geographical footprint.

The brokerage insurer’s revenues are geographically diversified with strong domestic and international operations, with international operations contributing about one-third of revenues. Arthur J. Gallagher’s long-term growth strategies should help it deliver organic revenue improvement and pursue strategic mergers and acquisitions. AJG is focused on productivity improvements and quality enhancements that should help it post sturdy numbers in the future...

>>> Arthur J. Gallagher & Co. (AJG), together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments.

The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs.

The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services.

The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. Arthur J. Gallagher & Co. was founded in 1927 and is headquartered in Rolling Meadows, Illinois. <<<


https://finance.yahoo.com/quote/AJG/profile/


---

AJG new 52 week high

AJG buy 182.5399

https://finance.yahoo.com/quote/AJG/profile?p=AJG

https://www.barchart.com/stocks/quotes/AJG

https://finviz.com/quote.ashx?t=AJG

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AJG

https://stockcharts.com/c-sc/sc?chart=AJG,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/AJG/technical-chart?plot=CANDLE&volume=toAJG&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=AJG&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart

News: $AJG Arthur J. Gallagher & Co. Acquires Interstate Insurance Underwriters, LLC

ROLLING MEADOWS, Ill. , Jan. 18, 2019 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Shreveport, Louisiana -based Interstate Insurance Underwriters, LLC. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance Und...

Got this from https://marketwirenews.com/news-releases/arthur-j-gallagher-co-acquires-interstate-insurance-underwriters-llc-7092738.html

News: $AJG Gallagher's Petula Workman Named to Governing Council of International Society of Certified Employee Benefit Specialists

ROLLING MEADOWS, Ill. , Jan. 17, 2019 /PRNewswire/ -- The International Society of Certified Employee Benefit Specialists (ISCEBS) has named Petula Workman , Division Vice President and Compliance Counsel of the benefits and human resources consulting operation of Gallagher, to its gover...

In case you are interested https://marketwirenews.com/news-releases/gallagher-s-petula-workman-named-to-governing-council-of-international-society-of-certified-employee-benefit-specialists-7010162.html

Earnings updates from q3 cc transcript


http://www.earningsimpact.com/Transcript/84234/AJG/Q3-2013-Earnings-Call

~ Tuesday! $AJG ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AJG ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=AJG&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=AJG&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=AJG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AJG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AJG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AJG
Finviz: http://finviz.com/quote.ashx?t=AJG
~ BusyStock: http://busystock.com/i.php?s=AJG&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=AJG >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

~ $AJG ~Multi chart fix and On the house shots of DD!! Version 3.2.3







~ Barchart: http://barchart.com/quotes/stocks/AJG?
~ OTC Markets: http://www.otcmarkets.com/stock/AJG/company-info
~ Google Finance: http://www.google.com/finance?q=AJG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AJG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AJG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AJG
Finviz: http://finviz.com/quote.ashx?t=AJG
~ BusyStock: http://busystock.com/i.php?s=AJG&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=AJG&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=AJG
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=AJG
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=AJG
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=23341&srchyr=2011&SearchStr=AJG
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AJG
~ MarketWatch: http://www.marketwatch.com/investing/stock/AJG/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=AJG
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=60&color=g

DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=AJG
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=AJG
Check those searches for recent AJG mentions. If AJG is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cAJGnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS


Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=AJG&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=AJG&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15



























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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> AJG <---

~ $AJG ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AJG ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=AJG&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=AJG&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/AJG?
~ OTC Markets: http://www.otcmarkets.com/stock/AJG/company-info
~ Google Finance: http://www.google.com/finance?q=AJG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AJG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AJG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AJG
Finviz: http://finviz.com/quote.ashx?t=AJG
~ BusyStock: http://busystock.com/i.php?s=AJG&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=AJG&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=AJG
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=AJG
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=AJG
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=AJG
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AJG
~ MarketWatch: http://www.marketwatch.com/investing/stock/AJG/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=AJG
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AJG&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.