
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
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
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)
$57.03B
BNS$52.25B
ING$45.42B
Gross Margin (Latest Quarter)
99.6%
ING94.4%
AJG90.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| MMC | $91.38B | 22.1 | 28.3% | 36.4% |
| MFG | $91.11B | 16.1 | 8.4% | 21.1% |
| BNS | $89.77B | 17.1 | 8.6% | 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%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 1, 2025|Revenue: $3.22B+16.0%|EPS: $1.43+10.0%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 2, 2025|Revenue: $3.73B+14.5%|EPS: $2.76-1.4%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 18, 2025|Revenue: $11.55B+14.7%|EPS: $6.63+47.0%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 29, 2024|Revenue: $2.81B+12.6%|EPS: $1.43+10.0%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 26, 2024|Revenue: $2.78B+13.7%|EPS: $1.30+19.3%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $3.26B+20.3%|EPS: $2.80+22.3%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 9, 2024|Revenue: $10.07B+17.8%|EPS: $4.51-14.9%Beat