Arthur J. Gallagher & Co. (AJG) Discusses Competitive Position and Two-Pronged Growth Strategy Through Organic and M&A Approaches Transcript
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SA Transcripts157.38K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Arthur J. Gallagher & Co. (AJG) Discusses Competitive Position and Two-Pronged Growth Strategy Through Organic and M&A Approaches December 16, 2025 8:30 AM EST Company Participants Raymond Iardella - Vice President of Investor RelationsJ. Gallagher - Chairman & CEOMichael Pesch - Chief Executive Officer of Global Brokerage of AmericasPatrick Gallagher - Executive VP & COOThomas Gallagher - PresidentWilliam Ziebell - Chief Executive Officer of Benefits & HR Consulting DivisionScott Hudson - President & CEO of Risk Management ServicesDouglas Howell - Corporate VP & CFO Conference Call Participants Yaron Kinar - Mizuho Securities USA LLC, Research DivisionJoshua Shanker - BofA Securities, Research DivisionTaylor Scott - Barclays Bank PLC, Research DivisionRobert Cox - Goldman Sachs Group, Inc., Research DivisionDavid Motemaden - Evercore ISI Institutional Equities, Research DivisionCharles Lederer - BMO Capital Markets Equity ResearchTracy Benguigui - Wolfe Research, LLCKatie SakysAndrew Andersen - Jefferies LLC, Research DivisionDominick Cioffi - Wells Fargo Securities, LLC, Research DivisionMark Hughes - Truist Securities, Inc., Research DivisionMichael Zaremski - BMO Capital Markets Equity ResearchMatthew Heimermann - Citigroup Inc., Research DivisionCave Montazeri - Deutsche Bank AG, Research Division Conversation Raymond IardellaVice President of Investor Relations All right. So good morning, everyone. I'm Ray Iardella, Head of Investor Relations at Gallagher. I want to welcome everyone to our fourth quarter 2025 Investor Meeting, including those of you that are here in person and those that are joining via the webcast. So in lieu of our business leaders getting presentation sort of vertically across the business, we're going to focus on 2 fireside chats today talking about our two-pronged growth strategy of organic and M&A in 2, 30-minute sessions. Towards the end of each discussion, we'll open it up for Q&A on the topic that we're discussing, whether it's organic or M&A for those here in the room. And