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Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co.

NYSE•AJG
CEO: Mr. J. Patrick Gallagher Jr.
Sector: Financial Services
Industry: Insurance - Brokers
Listing Date: 1984-06-20
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. Arthur J. Gallagher & Co. was founded in 1927 and is headquartered in Rolling Meadows, Illinois.
Contact Information
2850 Golf Road, Rolling Meadows, IL, 60008-4050, United States
630-773-3800
www.ajg.com
Market Cap
$64.88B
P/E (TTM)
40.5
28.4
Dividend Yield
1.0%
52W High
$351.23
52W Low
$236.34
52W Range
14%
Rank25Top 8.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.37B+19.91%
4-Quarter Trend

EPS

$1.06-25.87%
4-Quarter Trend

FCF

$693.50M-22.77%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine-Month Total Revenue Growth Total revenues reached 10.3B USD for nine months ended September 30, 2025, showing 17% growth versus 8.8B USD prior year.
Net Earnings Attributable Growth Net earnings attributable to controlling interests grew to 1.34B USD, up 11% compared to 1.21B USD reported for the same period last year.
Brokerage Segment Revenue Surge Brokerage segment revenues increased 18% to 9.02B USD for nine months 2025, driven by strong commission and fee performance.
Ending Cash Position Stable Ending cash, cash equivalents, and fiduciary cash totaled 8.34B USD, maintained despite 15.4B USD net cash used in financing activities.

Risk Factors

Operating Cash Flow Decline Cash provided by operating activities dropped significantly to 1.18B USD for nine months 2025, down from 1.84B USD last year.
High Acquisition Financing Outflow Financing activities used 15.4B USD cash, primarily due to 15.8B USD total acquisitions completed in the nine-month period.
Deferred Revenue Liability Deferred revenue balance stands at 891.1M USD as of September 30, 2025, representing performance obligations yet to be satisfied.
Geopolitical and Climate Risks Forward-looking risks include geopolitical instability, climate change impacts, and potential regulatory scrutiny affecting future operations.

Outlook

Future Acquisition Strategy Expect continued focus on strategic acquisitions, including integration efforts for recent large transactions like AssuredPartners and Woodruff Sawyer.
Brokerage Tax Rate Outlook Brokerage segment expects effective income tax rate between 24.5% and 26.5% for the nine-month period ending September 30, 2025.
Business Retention Focus Focus remains on strong new business generation, client retention, and delivering insurance/risk management solutions to clients.
Capital Allocation Priorities Management expects capital deployment toward debt reduction, share repurchases, and dividend payments moving forward.

Peer Comparison

Revenue (TTM)

Mizuho Financial Group, Inc.MFG
$57.03B
-1.3%
The Bank of Nova ScotiaBNS
$52.25B
+12.4%
ING Groep N.V.ING
$45.42B
-51.4%

Gross Margin (Latest Quarter)

Canadian Imperial Bank of CommerceCM
99.6%
+61.5pp
ING Groep N.V.ING
94.4%
+0.1pp
Arthur J. Gallagher & Co.AJG
90.6%
+49.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MMC$91.38B22.128.3%36.4%
MFG$91.11B16.18.4%21.1%
BNS$89.77B17.18.6%34.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.4%
Steady Growth
4Q Net Income CAGR
1.8%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$2.50
|
Revenue:$3.63B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $3.37B+19.9%
    |
    EPS: $1.06-25.9%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $3.22B+16.0%
    |
    EPS: $1.43+10.0%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $3.73B+14.5%
    |
    EPS: $2.76-1.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $11.55B+14.7%
    |
    EPS: $6.63+47.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 29, 2024|
    Revenue: $2.81B+12.6%
    |
    EPS: $1.43+10.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 26, 2024|
    Revenue: $2.78B+13.7%
    |
    EPS: $1.30+19.3%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $3.26B+20.3%
    |
    EPS: $2.80+22.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 9, 2024|
    Revenue: $10.07B+17.8%
    |
    EPS: $4.51-14.9%
    Beat