Arthur J. Gallagher & Co. — Form 8-K

Arthur J. Gallagher & Co. reported Q3 2026 revenues before reimbursements of $3,930M (up 18% YoY), net earnings of $406M (up 49% YoY), and adjusted EBITDAC of $1,253M (up 25% YoY). Organic revenue growth was 5%. The company achieved its 26th consecutive quarter of double-digit adjusted EBITDAC growth with margin expansion. Brokerage segment revenues were $3,473M with adjusted net earnings of $871M; Risk Management revenues were $457M with adjusted net earnings of $68M. Nine-month results show revenues of $12,601M, net earnings of $1,553M, and adjusted EBITDAC of $4,204M. Total debt stands at $12,973M ($9,550M public debt + $2,683M private placements + $630M revolving credit + $228M premium finance). Share repurchases totaled 2.7M shares for $580M YTD; Q3 repurchases were 0.4M shares for $100M.