Arthur J. Gallagher reports higher third-quarter revenue and earnings

Arthur J. Gallagher reported third-quarter 2026 revenue before reimbursements of $3.93 billion, up from $3.33 billion a year earlier, while GAAP net earnings rose to $406 million, or $1.55 per diluted share, from $273 million, or $1.04 per share. Adjusted earnings were $3.00 per share and adjusted EBITDAC was $1.25 billion, both up 25% year over year; Brokerage and Risk Management revenue grew 18% combined, including 5% organic growth. Gallagher repurchased about 0.4 million shares for $100 million during the quarter and had $12.9 billion in corporate-related borrowings at September 30, 2026.