Earnings summaries and quarterly performance for Arthur J. Gallagher &.
Executive leadership at Arthur J. Gallagher &.
Board of directors at Arthur J. Gallagher &.
Research analysts who have asked questions during Arthur J. Gallagher & earnings calls.
David Motemaden
Evercore ISI
6 questions for AJG
Also covers: ACGL, ALL, AON +16 more
Elyse Greenspan
Wells Fargo
6 questions for AJG
Also covers: ACGL, AFL, AHL +30 more
Katie Sakys
Autonomous Research
6 questions for AJG
Also covers: EG, GSHD, LMND +5 more
Mark Hughes
Truist Securities
6 questions for AJG
Also covers: AIZ, AMBC, AMSF +41 more
C. Gregory Peters
Raymond James
5 questions for AJG
Also covers: ACIC, AFG, ALL +19 more
Andrew Andersen
Jefferies
4 questions for AJG
Also covers: ACGL, AFG, AHL +19 more
Andrew Kligerman
TD Cowen
4 questions for AJG
Also covers: ABL, ACGL, ALL +21 more
Michael Zaremski
BMO Capital Markets
3 questions for AJG
Also covers: ACGL, AFG, AIG +25 more
Charlie Lederer
BMO Capital Markets
2 questions for AJG
Also covers: AHL, ARX, AXS +4 more
Jing Li
Keefe, Bruyette & Woods (KBW)
2 questions for AJG
Also covers: ALL, CINF, MAX +1 more
Meyer Shields
Keefe, Bruyette & Woods
2 questions for AJG
Also covers: ACGL, AFG, AIG +24 more
Robert Cox
The Goldman Sachs Group, Inc.
2 questions for AJG
Also covers: AHL, AIG, ALL +12 more
Alex Scott
Barclays PLC
1 question for AJG
Also covers: ACGL, AFL, AIG +29 more
Cave Montazeri
Deutsche Bank
1 question for AJG
Also covers: ACGL, AHL, AON +4 more
Charles Peters
Raymond James
1 question for AJG
Also covers: ACIC, AFG, ALL +11 more
Dean Criscitiello
Keefe, Bruyette & Woods
1 question for AJG
Also covers: AON, AXS, BOW +2 more
Grace Carter
BofA Securities
1 question for AJG
Also covers: AON, BRO, CINF +3 more
Jing Hong
KBW
1 question for AJG
Mike Zaremski
BMO Capital Markets
1 question for AJG
Also covers: ACGL, ALL, BRO +7 more
Rob Cox
Goldman Sachs
1 question for AJG
Also covers: ACGL, BRO, FIHL +4 more
Ryan Tunis
Cantor Fitzgerald
1 question for AJG
Also covers: ACGL, CB, EG +8 more
Taylor Scott
BofA Securities
1 question for AJG
Also covers: ACGL, AFL, BRO +12 more
Recent press releases and 8-K filings for AJG.
Gallagher outlines growth strategy and 2026 guidance
AJG
Guidance Update
M&A
- Gallagher pursues a two-pronged growth strategy of organic sales and M&A “to buy brains”, targeting a negligible share of the $4 trillion global non-life P&C premium market where it currently touches ~$200 billion of premium.
- Integration of AssuredPartners (11,000 employees) is on track: 90% of offices visited, 500 in-person meetings held, with economics driving >20% revenue growth in 2026 and $160 million of run-rate synergies by end-2026.
- Organic growth guidance: 5% in 4Q 2025 and 6% for full-year 2026 across global segments, including 5% in Americas P&C and 6% in Specialty.
- Continued investment in data and analytics—Gallagher Drive now ingests $31 billion of premium data—to power the Core 360 advisory platform and enhance client benchmarking and retention.
4 days ago
Gallagher provides 2025 guidance in investor update
AJG
Guidance Update
M&A
New Projects/Investments
- Brokerage segment sees a full-year foreign currency tailwind of ~$52 million to revenues and a $0.03 EPS impact, with integration costs of $0.11 per share and an adjusted EBITDAC margin expected to expand organically over 4% in 2025.
- Risk Management segment guidance calls for an EBITDAC margin of ~21%, minimal FX effects, workforce charges of $0.01 per share, and pretax amortization and depreciation of $23 million and $40 million, respectively, for full-year 2025.
- Corporate segment adjusted net earnings attributable to controlling interests will reflect $159.5 million pretax interest and banking costs, $20 million of transaction-related adjustments, and related tax impacts in 2025.
- Clean energy investments are projected to deliver net after-tax cash flows in excess of $180 million for 2025, with a tax credit carryforward balance of $706.3 million as of September 30, 2025.
- Estimated synergies from the AssuredPartners acquisition—including revenue uplifts and cost savings—are expected to materialize within three years but remain subject to execution risk.
4 days ago
Gallagher acquires Tompkins Insurance Agencies for $223 million
AJG
M&A
- Arthur J. Gallagher & Co. (NYSE: AJG) has acquired Tompkins Insurance Agencies, Inc. from Tompkins Financial Corporation for approximately $223 million in cash, subject to customary purchase price adjustments.
- The transaction generates a pre-tax gain of $183 million for Tompkins Financial Corporation.
- All current leadership and direct employees of TIA have joined Gallagher, ensuring continuity of service.
- TIA will now serve customers across the Tompkins footprint by leveraging Gallagher’s global brokerage and insurance services operations.
Nov 3, 2025, 2:00 PM
Arthur J. Gallagher & Co. acquires Tompkins Insurance Agencies
AJG
M&A
- Arthur J. Gallagher & Co. announced the acquisition of Batavia-based Tompkins Insurance Agencies, Inc., a subsidiary of Tompkins Financial Corporation.
- Tompkins Insurance Agencies will continue operations under its current leadership, offering property/casualty and employee benefits services across New York and Pennsylvania.
- The transaction is based on trailing 12-month pro forma revenues of $40 million and EBITDAC of $16 million as of June 30, 2025.
- Gallagher will pay $183 million for the stock, net of a $40 million discounted tax benefit associated with the deal.
- Arthur J. Gallagher & Co. is a global insurance brokerage firm headquartered in Rolling Meadows, Illinois, serving approximately 130 countries.
Nov 3, 2025, 2:00 PM
Arthur J. Gallagher & Co. reports Q3 2025 results
AJG
Earnings
Guidance Update
M&A
- Delivered 20% revenue growth (organic 4.8%), 22% adjusted EBITDA increase and 26 bps margin expansion; reported GAAP EPS of $1.76 and adjusted EPS of $2.87.
- Brokerage segment revenue up 22% (organic 4.5%) with 33.5% adjusted EBITDA margin flat year-over-year (underlying +60 bps); fourth-quarter organic ~5%, implying full-year organic >6%.
- Risk management segment revenue +8% (organic 6.7%) and 21.8% adjusted EBITDA margin; fourth-quarter organic ~7% with full-year margins near 21%.
- Since mid-August, completed AssuredPartners integration; year-to-date acquired revenue >$3.4 B (≈30% of 2024), pipeline of
35 term sheets ($400 M), and expected run-rate synergies of $160 M by end-2026.
Oct 30, 2025, 9:30 PM
Arthur J. Gallagher releases Q3 2025 CFO Commentary
AJG
Earnings
Guidance Update
M&A
- CFO outlines 2025 forward-looking assumptions on foreign currency impacts, integration costs, clean energy investments, and the Assured Partners acquisition
- Q3 2025 foreign currency drove $0.01 EPS headwind and $14.1 million revenue reduction; integration costs were $0.19 per share
- Brokerage segment adjusted EBITDAC margin fell to 33.5% in Q3; amortization of intangibles was $219 million pretax and recurring depreciation $42 million pretax
- Risk management segment delivered an adjusted EBITDAC margin of 21.8% in Q3; intangible amortization totaled $4 million pretax and depreciation $10 million pretax
- Corporate segment’s reported Q3 net loss was $(113.5 million), while adjusted net loss narrowed to $(103.4 million)
Oct 30, 2025, 9:30 PM
Gallagher reports Q3 2025 results
AJG
Earnings
M&A
Guidance Update
- 20% revenue growth (4.8% organic), 22% adjusted EBITDA increase with margins up 26 bps, GAAP EPS of $1.76 and adjusted EPS of $2.87.
- Brokerage segment delivered 22% revenue growth, 4.5% organic expansion and a 33.5% adjusted EBITDA margin (flat Y/Y; underlying +60 bps) amid timing shifts in large life and contingent commissions.
- Risk management segment posted 6.7% organic growth and a 21.8% adjusted EBITDA margin, with full-year segment margins expected around 21%.
- Since mid-August, AssuredPartners integration has added $3.4 billion of annualized acquired revenue; the M&A pipeline includes 35 term sheets (~$400 million), with $160 million of run-rate synergies by end-2026.
- Fourth-quarter outlook: organic growth of ~5%, full-year organic above 6%, and company-wide margins near 21%.
Oct 30, 2025, 9:30 PM
Arthur J. Gallagher reports Q3 2025 results
AJG
Earnings
Guidance Update
M&A
- Reported Q3 revenue grew 20% year-over-year, including 4.8% organic growth; adjusted EBITDA increased 22% with margin expansion of 26 bps, GAAP EPS was $1.76 and adjusted EPS $2.87.
- Brokerage segment Q4 organic growth is seen at ~5%, lifting full-year organic above 6%, while the risk management unit posted 8% revenue growth (organic 6.7%) with an adjusted EBITDA margin of 21.8%, and Q4 organic forecast at ~7% with full-year margins around 21%.
- Integration of the AssuredPartners deal revealed greater intra-quarter seasonality—only 40% of policy inceptions recognized vs. an assumed 50%—causing an $80 million revenue timing variance in Q3.
- Year-to-date, AJG completed five bolt-on deals adding $3.4 billion of annualized revenue (30% of 2024), has 35 signed term sheets for $400 million, expects $10 billion in M&A funding capacity, and targets $160 million of run-rate synergies by end-2026 (rising to $260–$280 million by early-2028).
Oct 30, 2025, 9:30 PM
Arthur J. Gallagher & Co. announces Q3 2025 financial results
AJG
Earnings
Dividends
- 20% total revenue growth in combined brokerage and risk management segments, with 4.8% organic growth and over $450 million of incremental revenue from acquisitions in Q3 2025.
- Q3 2025 total company revenues were $3,325.4 million, with net earnings of $273.6 million (EPS $1.04) versus $314.1 million (EPS $1.39) in Q3 2024.
- Adjusted net earnings rose to $604.9 million (adjusted EPS $2.32), and adjusted EBITDAC grew 22% to $1,017.6 million, delivering a 32.1% adjusted EBITDAC margin.
- Declared a quarterly dividend of $0.65 per share, up from $0.60 in Q3 2024.
Oct 30, 2025, 8:52 PM
Arthur J. Gallagher & Co. reports Q3 2025 results
AJG
Earnings
Revenue Acceleration/Inflection
M&A
- Delivered 20% total revenue growth in Q3 2025, with adjusted revenues of $3.33 billion, up from $2.76 billion a year ago.
- Achieved adjusted EBITDAC of $1.02 billion, a 22% increase year-over-year, and an adjusted EBITDAC margin of 32.1%.
- Generated adjusted diluted EPS of $2.32, versus $2.26 in Q3 2024.
- Recorded 4.8% organic revenue growth and over $450 million of incremental acquisition revenue, marking the 19th straight quarter of double-digit top-line expansion.
Oct 30, 2025, 8:15 PM
Quarterly earnings call transcripts for Arthur J. Gallagher &.
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