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21:15
Jul 30 ◎

AJG FY2026 Q2 Watch

Arthur J. Gallagher & Co. (AJG) FY2026 Q2 Earnings Call

AJG ▾

J. Patrick Gallagher, Jr.

Despite property pricing moderation, management reiterates full-year organic growth guidance of 6%, citing strong retention, new business, and broad-based growth across segments.

"That is why we remain confident in the durability of our results and in our 2026 full year organic growth outlook of 6%."

AJG WATCH

HIGH

21:15
Apr 30 ◎

AJG FY2026 Q1 Watch

Arthur J. Gallagher & Co. (AJG) FY2026 Q1 Earnings Call

AJG ▾

J. Patrick Gallagher, Jr.

Management expresses strong confidence in the durability of organic growth, citing robust new business, stable retention, and improving productivity (AI deployment) — all supporting a reiterated 6% full-year organic growth outlook despite moderating property pricing.

"Our client retention, new business win rates, and client business activity continue to be tailwinds."

AJG WATCH

HIGH

22:15
Jan 29 ◎

AJG FY2025 Q4 Watch

Arthur J. Gallagher & Co. (AJG) FY2025 Q4 Earnings Call

AJG RE AIG ▾

Doug Howell

Management is confident in continued growth, with organic expansion and margin accretion, supported by a robust M&A pipeline and strong market position.

"We still see underlying margins expanding 40 to 60 basis points in 26. and we will also begin to benefit from synergies by being better together with AP."

AJG WATCH

J. Patrick Gallagher, Jr.

Despite a quiet wind season, property reinsurance rates fell in the teens, but premium volume only decreased mid-to-high single digits as clients buy more coverage, indicating strong underlying demand. — This shows that while the rate environment is soft, volume growth is largely offsetting, stabilizing sector revenues.

"despite double-digit price declines for PropertyCat globally, property reinsurance premiums were down only mid to high single digits relative to last year."

RE WATCH

Doug Howell

AJG plans to deploy ~$10B in M&A over the next two years without stock, indicating significant industry consolidation is yet to come. — This signals a competitive market for acquiring independent agencies, potentially pressuring valuations but also creating a larger, more dominant player.

"over the next two years, we might have close to $10 billion to fund M&A before using any stock at attractive multiples."

AIG WATCH

HIGH

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