Gallagher reported results for the quarter ended 30 September 2026 on 29 October. Revenue in its combined Brokerage and Risk Management segments grew 18%, of which 5% was organic. Net earnings for the two segments rose 25%, as did adjusted EBITDAC, which the company said was its 26th consecutive quarter of double-digit growth on that measure.
In Brokerage, total organic growth was 5%. Organic base commissions and fees rose 4%, organic supplemental revenues rose 14% and organic contingent revenues were flat. The segment's adjusted EBITDAC margin increased to 35.3% from 33.3% a year earlier. Brokerage closed five acquisitions in the quarter with estimated annualised revenue of $102m.
In Risk Management, organic fees grew 10% and the adjusted EBITDAC margin rose to 22.8% from 21.9%. The release names lower employee benefits as a factor in the compensation expense ratios of both segments.
Chief executive J. Patrick Gallagher Jr. said clients "continue to value our advice, advocacy, analytics and market access" as risk becomes more complex. The release contains no outlook for the fourth quarter or for 2027.
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Arthur J. Gallagher & Co. ↗Company · 29 Oct 2026
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