Arthur J. Gallagher posts 24% Q2 revenue growth as property pricing resets
Arthur J. Gallagher & Co. reported second‑quarter 2026 revenue of $3.96 billion, a 24.4% increase from a year earlier, driven by the AssuredPartners acquisition and 6% organic growth. Property renewal premiums fell 10% while new business and client retention offset the softening market, and the company completed seven acquisitions worth about $63 million in annualized revenue. Net earnings slipped 12% to $324 million, but EBITDA rose 10.5% to $946 million.
CEO J. Patrick Gallagher Jr. described the trend as a "property reset," noting that customers are buying more coverage as prices ease. CFO Douglas Howell said the firm is paying roughly nine times EBITDAC for U.S. retail and employee‑benefits brokerages.
Institutional investors also increased stakes: Quantinno Capital Management LP bought 39,893 shares, bringing its holding to 156,950 shares (about 0.06% of the company) valued at roughly $34 million. Analyst Mizuho lifted its price target for AJG to $300 per share, up from $287, reflecting optimism about the earnings outlook.
Entities: Arthur J. Gallagher & Co. · AssuredPartners · Douglas Howell · J. Patrick Gallagher Jr. · Mizuho Securities USA LLC · Quantinno Capital Management LP
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Quantinno Capital Management LP bought 39,893 shares of AJG, bringing its holding to 156,950 shares (about 0.06%) valued at $33.99 million. (419d626f-1de0-4399-8826-05a5b19010f0)
- [○ 1 SOURCE] Net earnings were $324 million, down 12% from a year earlier. (f264f3f3-7060-4682-8484-1c2b21ff8a71)
- [○ 1 SOURCE] The company completed seven acquisitions in the quarter, estimated annualized revenue about $63 million. (f264f3f3-7060-4682-8484-1c2b21ff8a71)
- [○ 1 SOURCE] EBITDA increased 10.5% to $946 million. (f264f3f3-7060-4682-8484-1c2b21ff8a71)
- [○ 1 SOURCE] Mizuho raised its price target for Arthur J. Gallagher & Co. to $300 per share, up from $287. (f3258dec-1873-43dd-a39e-831089f38f1d)
- [○ 1 SOURCE] Property renewal premiums fell 10% in the quarter. (f264f3f3-7060-4682-8484-1c2b21ff8a71)
- [○ 1 SOURCE] CEO J. Patrick Gallagher Jr. said, “This is a property reset,” and noted that people are buying more insurance. (f264f3f3-7060-4682-8484-1c2b21ff8a71)
- [○ 1 SOURCE] Arthur J. Gallagher & Co. reported second‑quarter 2026 revenue of $3.96 billion, a 24.4% increase year‑over‑year. (f264f3f3-7060-4682-8484-1c2b21ff8a71)