Filings monitor · AJG

What Arthur J. Gallagher & Co.'s SEC filings said

10-Q for 2026Q3, filed 5 Nov 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Operating Cash Flow Trends69 · importance in its document · 10-Q · 2026Q3
   Cash provided by operating activities was $2.310 billion in the nine months ended September 30, 2026, compared with $1.177 billion in the prior-year period, an increase of approximately 96%. Gallagher attributed the increase primarily to…
2. Acquisition / Partnership / Divestiture69 · importance in its document · 8-K exhibit · 29 Oct 2026
   Gallagher closed five Brokerage acquisitions in third-quarter 2026, compared with six in third-quarter 2025, with estimated annualized acquired revenues of $102 million versus $3.036 billion. For the first nine months, Brokerage closed 19…
3. Headcount / Restructuring65 · importance in its document · 8-K exhibit · 29 Oct 2026
   Third-quarter 2026 Brokerage workforce and lease termination charges were $35 million, up from $22 million a year earlier, and Risk Management recorded $1 million versus $4 million. For the first nine months, Brokerage recorded $102…
4. Revenue Performance and Mix64 · importance in its document · 10-Q · 2026Q3
   For the nine months ended September 30, 2026, Brokerage revenue was $11.268 billion, up from $9.023 billion, while Risk Management revenue before reimbursements was $1.338 billion, up from $1.168 billion. Brokerage organic revenue…
5. Operating Expense Trends53 · importance in its document · 10-Q · 2026Q3
   Brokerage compensation expense increased $1.365 billion, or approximately 28%, in the nine months ended September 30, 2026, primarily reflecting $1.096 billion from acquisitions, $133 million in base compensation supporting organic…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 5 Nov 2026

Full report · Filing on EDGAR

• Operating Cash Flow TrendsImportance 69
  Cash provided by operating activities was $2.310 billion in the nine months ended September 30, 2026, compared with $1.177 billion in the prior-year period, an increase of approximately 96%. Gallagher attributed the…
• Revenue Performance and MixImportance 64
  For the nine months ended September 30, 2026, Brokerage revenue was $11.268 billion, up from $9.023 billion, while Risk Management revenue before reimbursements was $1.338 billion, up from $1.168 billion. Brokerage…
• Acquisition / Partnership / DivestitureImportance 64
  Acquisitions completed in the twelve months ended September 30, 2026 contributed $2.413 billion to the year-over-year increase in Brokerage base commissions and fees for the nine-month period. Those acquisitions also…
• Operating Expense TrendsImportance 53
  Brokerage compensation expense increased $1.365 billion, or approximately 28%, in the nine months ended September 30, 2026, primarily reflecting $1.096 billion from acquisitions, $133 million in base compensation…
• DividendsImportance 49 · +1 more on this subject
  Gallagher declared $546 million of cash dividends on common stock in the first nine months of 2026, equal to $0.70 per share per quarter and an 8% increase over the same period in 2025. On October 27, 2026, the company…
• Outstanding IndebtednessImportance 49
  At September 30, 2026, Gallagher had $9.550 billion of Senior Notes, $2.683 billion of Note Purchase Agreements, $630 million outstanding under its Credit Agreement and $228 million under its Premium Financing Debt…
• Capital Expenditure OutlookImportance 41
  Capital expenditures were $135 million in the first nine months of 2026, up from $105 million in the comparable 2025 period, an increase of approximately 29%. Gallagher expected full-year 2026 capital-improvement…
• FX / Currency ImpactImportance 38
  Corporate pretax loss included a net unrealized foreign-exchange remeasurement loss of $9 million in the third quarter of 2026, compared with a $5 million gain in the third quarter of 2025. For the nine months ended…
• Margin DriversImportance 37
  Brokerage adjusted EBITDAC margin was 36.5% for the nine months ended September 30, 2026, down 135 basis points from 37.9%; for the third quarter it increased 202 basis points to 35.3%. The filing says prior-year…
• Market Demand TrendsImportance 37
  Brokerage base commissions and fees grew 4% organically in both the third quarter and first nine months of 2026, with Gallagher attributing organic growth to strong customer retention, new business generation, and…
• Insurance Pricing EnvironmentImportance 25
  The Council of Insurance Agents and Brokers’ first- and second-quarter 2026 surveys showed U.S. commercial property/casualty rates decreased 1.2% and 2.0%, respectively; the third-quarter survey was not available as of…
• Carrier Competition DynamicsImportance 10
  Gallagher observed significant carrier competition across property-related coverages. Casualty conditions varied by line and account, with underwriting remaining more cautious in certain casualty lines, particularly in…

8-K filings last 12 months

• Results, no stated guidance change29 Oct 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Acquisition / Partnership / Divestiture · Headcount / Restructuring · Margin Drivers
• Management change (filing not read)27 Aug 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)30 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• Results (release not read)30 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)12 Mar 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)29 Jan 2026 · 8-K Item 2.02 · Routine · rule score 20

Earlier reports

• 10-Q · 2026Q2filed 5 Aug 2026
  Capital Expenditure Outlook · Acquisition / Partnership / Divestiture · Operating Cash Flow Trends

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.