---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-122244"
form_type: "8-K"
ticker: "AJG"
cik: "0000354190"
company_name: "Arthur J. Gallagher & Co."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:40:38.783152+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gallagher Q1 2023: adjusted EPS $3.03, up 9.8% YoY; organic growth 9.7%

## Summary
- Reported revenues $2,672.9M (+11% YoY); adjusted EBITDAC $958.3M (+12.9%).
- Brokerage organic growth 9.1% (commissions +9.5%); Risk Mgmt organic fees +14.3%.
- Completed 10 acquisitions with $69M estimated annualized revenues in Q1.
- Issued $950M senior notes (5.50% 2033, 5.75% 2053) on March 2, 2023.
- CEO expects insurance/reinsurance pricing increases to continue through 2023.

## SEC filing metadata
- accession: 0001193125-23-122244
- form_type: 8-K
- ticker: AJG
- cik: 0000354190
- company_name: Arthur J. Gallagher & Co.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354190/000119312523122244/0001193125-23-122244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354190/000119312523122244/d222048d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-122244
- JSON: https://secwatch.observer/filing/0001193125-23-122244.json
- Plain text: https://secwatch.observer/filing/0001193125-23-122244.txt

## Key facts
- Earnings Releases
  Arthur J. Gallagher & Co. reported quarter ended March 31, 2023 results: revenue $ 2,672.9, net income $ 486.6, EPS $ 2.24.
  - Period: quarter ended March 31, 2023
  - Revenue: $ 2,672.9
  - Net income: $ 486.6
  - EPS: $ 2.24
  - Result: reported results
  source text: Total Company, as reported $ 2,672.9 $ 2,404.5 $ 486.6 $ 439.1 $ 874.9 $ 782.3 $ 2.24 $ 2.05
  evidence_url: https://www.sec.gov/Archives/edgar/data/354190/000119312523122244/0001193125-23-122244-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.