AJG · 10-Q · 2026Q2 · Full report

Market Demand Trends

Arthur J. Gallagher & Co. · 2026-08-05 · Importance 54 · Surprise 40

Risk management organic fee revenue increased 12% in the second quarter and 11% for the first six months of 2026. Growth reflected continued strong new business production and client retention among risk management clients. Fees as reported increased 16% in both periods, while organic fees increased 14% for the six months before adjustments for acquisitions, divestitures and foreign currency translation.

Key facts

• Catastrophe loss activity and other market factors could influence pricing, capacity and underwriting conditions in the property insurance and reinsurance markets upon renewal. source
• Rising insurable values, including those driven by inflationary pressures, employment levels, and changes in market risks, continue to contribute to growth in insured exposures. source
• Interest income and other income in the three and six-month periods ended June 30, 2026 decreased compared to the same periods in 2025, primarily due to lower interest income earned on fiduciary funds. source