安睿嘉尔 2026年季度报告

(Mark One) ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedMarch 31, 2026 or ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from________________toCommission File Number: 1-09761_________________________________________________________ ARTHUR J. GALLAGHER & CO. (Exact name of registrant as specified in its charter)_________________________________________________________ (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 2850 Golf Road, Rolling Meadows, Illinois 60008(Address of principal executive offices) (Zip Code)(630) 773-3800(Registrant’s telephone number, including area code)Not Applicable(Former name, former address and former fiscal year, if changed since last report)_________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b‑2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of outstanding shares of the registrant’s common stock, $1.00 par value, as of March31, 2026 was approximately256.9 million. Information Concerning Forward-Looking Statements This report contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995.These statements relate to expectations and future events and may include words such as “anticipate,” “believe,” “estimate,” “expect,”“forecast,” “project,” “intend,” “plan,” “potential,” and other similar terms, and future or conditional tense verbs like “could,” “may,”“might,” “see,” “should,” “will” and “would.” You can also identify forward-looking statements by the fact that they do not relatestrictly to historical or current facts. Forward-looking statements may address topics such as: our future performance, including our future financial and operating results;general economic conditions, including the impact of tariffs, inflation and interest rate fluctuations; market and industry conditions;our acquisition strategy, including expected benefits of our acquisition of AssuredPartners and the duration and costs of integratingacquisitions; our competitive position, cost structure, capital expenditures, debt levels and liquidity; regulatory actions and litigationmatters; geopolitical conditions; and other operational, financial and strategic matters. These statements are subject to risks and uncertainties that could cause actual results to differ materially from historical or anticipatedresults depending on a variety of factors. Factors that could impact results include: •Global economic and geopolitical events, including fluctuations in interest and inflation rates; protectionismsuch as tariffs; trade disruptions; economic downturn; government shutdowns; and political instability,including global armed conflicts;•Economic conditions that result in financial difficulties for underwriting enterprises or reduced risk-takingcapital capacity, including as a result of large catastrophe losses or enterprise failures, and increased E&Oclaims;•Risks that could negatively affect the success of our acquisition strategy, including economic uncertaintyaffecting sourcing and pricing; industry consolidation and competition for targets; inaccurate assumptions andfailure to realize expected benefits; regulatory approval; closing and integration risks; potential impairmentcharges; and unanticipated liabilities including cybersecurity and compliance risks;•Risks related to AssuredPartners and other acquisitions larger than our usual tuck-in acquisitions, includinginteg