Gallagher Reports 25% Growth in Third-Quarter Adjusted Earnings

Arthur J. Gallagher reported third-quarter 2026 revenue before reimbursements of $3.93 billion, up from $3.33 billion a year earlier, while reported net earnings rose to $406 million, or $1.55 per diluted share, from $273 million, or $1.04 per share. Adjusted net earnings increased to $782 million, or $3.00 per share, and adjusted EBITDAC rose 25% to $1.25 billion; Brokerage and Risk Management revenue grew 18%, including 5% organic growth. Gallagher repurchased about 0.4 million shares for approximately $100 million during the quarter and declared a $0.70 per-share dividend.