Question · Q3 2025
Jing Hong asked about the deceleration in casualty pricing (6% this quarter) and whether this trend will continue or stabilize. She also inquired about the impact of a competitor expanding its wholesale operations in London and entering the U.S. retail market on Gallagher.
Answer
Chairman and CEO J. Patrick Gallagher, Jr. and CFO Douglas K. Howell clarified that they are not seeing a deceleration in casualty pricing *decreases*, but rather continued increases, noting that exposure unit changes and customers buying more insurance also influence revenue. Chairman and CEO J. Patrick Gallagher, Jr. declined to comment on competitor strategy.