Financial research concept

Insurance Brokerage Combined Organic Revenue Growth

measures organic growth across insurance brokerage and risk-management services under the issuer's non-GAAP methodology.

By Lee BaileyPublished Oct 1, 2026

Research context

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Research date: Oct 1, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 10 connected conceptsPart of the reviewed Insurance Brokerage & Risk Management Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Combined growth blends two different service models
Organic growth is issuer-defined
Part of the Insurance Brokerage & Risk Management Economics
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Insurance brokerage combined organic revenue growth measures organic growth across Arthur J. Gallagher's Brokerage and Risk Management segments.

Gallagher reported 6% combined organic growth for the second quarter of 2026.

Combined growth blends two different service models

Brokerage earns commissions, fees, supplemental revenues, and contingent revenues, while Risk Management is primarily fee-based.

That makes the combined rate useful for consolidated momentum but less specific than the segment-level organic measures.

Organic growth is issuer-defined

Gallagher removes acquisition, divestiture, foreign-exchange, and certain other effects under its non-GAAP methodology.

Compare it with Brokerage organic revenue growth and Risk Management organic fee growth.

Primary source: Arthur J. Gallagher Q2 2026 SEC-filed earnings release.

Part of the Insurance Brokerage & Risk Management Economics

Connects Arthur J. Gallagher organic brokerage revenue drivers, labor-cost conversion, and fee-based risk-management growth and margins.

Browse the full operating model in Company Analysis →

Where this concept fits

Brokerage organic revenue driversCurrent relationship
Combined and Brokerage organic growth, base commissions and fees, supplemental revenue, and contingent revenue show how the core broker revenue engine decomposes under Gallagher's issuer-defined organic framework.
Base Commissions & Fees GrowthCombined Organic Revenue GrowthCurrent conceptContingent Revenue Growth Brokerage Organic Revenue Growth Supplemental Revenue Growth
Risk Management growth and conversionCurrent relationship
Risk Management organic fee growth, adjusted compensation intensity, adjusted EBITDAC margin, and combined organic growth connect the fee-based service model to operating conversion while preserving its revenue-before-reimbursements denominator.
Combined Organic Revenue GrowthCurrent conceptRisk Management Compensation Ratio Risk Management EBITDAC Margin Risk Management Organic Fee Growth
Brokerage labor and margin conversion
Brokerage organic growth, adjusted compensation intensity, and adjusted EBITDAC margin connect revenue growth to the labor-heavy cost structure and non-GAAP operating conversion.
Brokerage Compensation Ratio Brokerage Adjusted EBITDAC Margin Brokerage Organic Revenue Growth

Brokerage Compensation Ratio
Brokerage Adjusted EBITDAC Margin
Base Commissions & Fees Growth
Combined Organic Revenue GrowthCurrent concept
Contingent Revenue Growth
Brokerage Organic Revenue Growth
Risk Management Compensation Ratio
Risk Management EBITDAC Margin
Risk Management Organic Fee Growth
Supplemental Revenue Growth

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

AJGOpen operating-model research →10 of 10 reviewed concepts in Insurance Brokerage & Risk Management EconomicsBrokerage organic revenue drivers5 of 5 bridge concepts supportedContinue through this bridge:Base Commissions & Fees Growth Brokerage Organic Revenue Growth Contingent Revenue Growth Supplemental Revenue GrowthRisk Management growth and conversion4 of 4 bridge concepts supportedContinue through this bridge:Risk Management Compensation Ratio Risk Management EBITDAC Margin Risk Management Organic Fee Growth

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Compare insurance brokerage economics

Compare combined Brokerage and Risk Management organic growth without erasing the segments' different revenue definitions.

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