secwatch.observer — SEC 8-K summary
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Issuer:     Arthur J. Gallagher & Co. (AJG)
CIK:        0000354190
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001193125-25-258781
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gallagher Q3 2025 revenue +20% to $3.33B; adjusted EPS $2.32 vs $2.26; AssuredPartners closed
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- Adjusted diluted EPS $2.32 (GAAP $1.04) vs $2.26 a year ago; net earnings $273.6M vs $314.1M GAAP.
- Total revenue before reimbursements $3.33B, up 20% YoY; combined brokerage & risk management organic growth 4.8%.
- Closed AssuredPartners acquisition for ~$13.8B on Aug 18, 2025; funded by $8.5B equity & $5.0B debt.
- Brokerage segment adjusted EBITDAC $981.6M, +22% YoY; margin 33.5% including ~$76M interest income from acquisition financing.
- Interest & banking costs $161.9M (up from $93.7M) reflecting debt issued for AssuredPartners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354190/000119312525258781/0001193125-25-258781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354190/000119312525258781/d83473d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-258781

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