Arthur J. Gallagher Reports Higher Third-Quarter Revenue and Earnings

Arthur J. Gallagher & Co. reported higher third-quarter 2026 revenue and profit on October 29 as its insurance brokerage and risk-management businesses generated more commissions and fees, supported in part by acquisitions.

The US-based insurance brokerage reported $3.930 billion in revenue before reimbursements for the quarter ended September 30, up from $3.325 billion in the same period a year earlier. Net earnings attributable to the company increased to $406 million from $273 million. Diluted earnings per share under generally accepted accounting principles rose to $1.55 from $1.04.

On an adjusted basis, diluted earnings per share were $3.00, compared with $2.31 a year earlier. Adjusted measures remove specified items, including some acquisition-related expenses and amortisation, and are not directly interchangeable with reported earnings. The company disclosed five brokerage acquisitions completed during the quarter, with estimated annualised revenue of $102 million. Estimated annualised revenue from acquired businesses is not the same as revenue already earned in the quarter.

Gallagher reported organic growth of approximately 5% in brokerage commissions and fees and 10% in risk-management fees. Organic growth seeks to separate underlying business expansion from the effect of acquisitions, disposals and currency changes. That distinction matters for a broker whose overall reported revenue can rise through purchased businesses as well as new and retained clients.

The company also repurchased roughly 0.4 million shares for about $100 million during the quarter. Its results reflect growth in both reported and adjusted earnings, although the contribution from acquisitions and the costs of integrating those businesses remain important when assessing longer-term performance. Future revenue will depend on client demand, insurance-market pricing and the successful integration of acquired operations.