Arthur J. Gallagher & Co. (AJG)
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Arthur J. Gallagher: brokerage compounding still has to justify the acquisition machine
Arthur J. Gallagher reported 2025 revenue of $13.94 billion and Q1 2026 revenue of $4.76 billion. The thesis depends on brokerage organic growth, acquisition discipline, cash conversion, integration quality and insurance-cycle resilience.
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