Arthur J. Gallagher & Co.
Description
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.
About
CEO
Mr. J. Patrick Gallagher Jr.
Employees
51,261
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance Brokers
MIC code
XNYS
Address
2850 Golf Road, Rolling Meadows, IL 60008-4050, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 31, 2025 | 2.03 | 2.13 | 0.10 | 4.93% |
| Oct 25, 2024 | 2.27 | 2.26 | -0.01 | -0.44% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 12 | 12 | 14 | 16 |
| Average estimate | 3.62 | 2.70 | 11.74 | 13.27 |
| Low estimate | 3.21 | 2.46 | 11.25 | 12.45 |
| High estimate | 4.08 | 2.91 | 12.69 | 14.15 |
| Last year EPS | 3.49 | 2.26 | 10.09 | 11.74 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
3.090%
Next qtr. (Jun 2025)
19.810%
Current year (Dec 2025)
15.800%
Next year (Dec 2026)
13.440%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 10.07B | 8.55B | 8.21B | 7.01B | 7.12B |
| Cost of revenue | 5.83B | 4.95B | 5.23B | 4.50B | 4.83B |
| Gross profit | 4.25B | 3.60B | 2.98B | 2.51B | 2.29B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | 1.69B | 1.33B | 1.07B | 906.50M | 1.07B |
| Operating income | 1.86B | 1.67B | 1.34B | 1.04B | 745.90M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 296.70M | 256.90M | 226.10M | 196.40M | 179.80M |
| Other income expense | -377.30M | -83.00M | -135.80M | 27.10M | 60.00M |
| Pretax income | 1.19B | 1.33B | 975.10M | 870.90M | 626.10M |
| Tax provision | 219.10M | 211.00M | 20.10M | 12.80M | -89.70M |
| Net income | 966.00M | 1.12B | 955.00M | 858.10M | 715.80M |
| Basic EPS | 4.51 | 5.30 | 4.47 | 4.29 | 3.60 |
| Diluted EPS | 4.42 | 5.19 | 4.37 | 4.20 | 3.52 |
| Basic average shares | 214.90M | 210.33M | 202.68M | 191.00M | 185.99M |
| Diluted average shares | 214.90M | 210.33M | 202.68M | 191.00M | 185.99M |
| EBITDA | 2.56B | 2.27B | 1.90B | 1.60B | 1.22B |
| Net income from continuing op. | 966.00M | 1.12B | 955.00M | 858.10M | 715.80M |
| Minority interests | 3.50M | -1.80M | -48.20M | -39.30M | -47.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 51.62B | 38.36B | 33.35B | 22.33B | 19.63B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 971.50M | 738.40M | 402.60M | 664.60M | 604.80M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 3.79B | 2.91B | 11.75B | 6.44B | 5.42B |
| Other receivables | — | 573.50M | 639.90M | 457.10M | 472.50M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | 743.50M | 681.40M | 554.80M | 503.60M |
| Restricted cash | 26.91B | 18.24B | 4.06B | 2.91B | 2.02B |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 281.00M | 254.50M | — | — | — |
| Non current assets | |||||
| Properties | 431.60M | 363.60M | 375.80M | 390.60M | 412.50M |
| Land and improvements | 168.90M | 145.30M | 145.30M | 145.10M | 144.90M |
| Machinery furniture equipment | 1.26B | 1.05B | 952.60M | 837.70M | 727.20M |
| Construction in progress | 54.10M | 56.00M | 23.00M | 14.10M | 18.00M |
| Leases | 232.60M | 190.70M | 170.80M | 166.00M | 150.20M |
| Accumulated depreciation | -1.02B | -886.10M | -808.10M | -728.90M | -591.90M |
| Goodwill | 27.58B | 22.35B | 21.29B | 14.65B | 13.56B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 4.63B | 3.37B | 3.95B | 2.40B | 2.32B |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 2.26B | 2.29B | 2.20B | 1.86B | 1.72B |
| Total liabilities | 40.80B | 29.17B | 24.78B | 16.10B | 14.42B |
| Current liabilities | |||||
| Accounts payable | — | 18.70B | 13.85B | 7.78B | 6.35B |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 959.00M | 551.90M | 473.40M | 278.60M | 790.60M |
| Deferred revenue | 644.70M | 546.70M | 520.90M | 475.60M | 434.10M |
| Tax payable | — | — | — | — | — |
| Pensions | 2.55B | 2.00B | 1.90B | 1.60B | 1.35B |
| Other current liabilities | 26.91B | 18.24B | — | — | — |
| Non current liabilities | |||||
| Long term debt | 7.36B | 5.86B | 6.12B | 4.59B | 4.16B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 2.32B | 1.90B | 1.87B | 1.31B | 1.27B |
| Shareholders equity | |||||
| Common stock | 216.70M | 211.90M | 208.50M | 193.70M | 188.10M |
| Retained earnings | 4.05B | 3.56B | 2.88B | 2.37B | 1.90B |
| Other shareholders equity | -792.10M | -1.14B | -726.10M | -643.60M | -759.60M |
| Total shareholders equity | 10.82B | 9.19B | 8.56B | 6.23B | 5.22B |
| Additional paid in capital | 7.30B | 6.51B | 6.14B | 4.26B | 3.83B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 40.00M | 46.60M | 51.70M | 46.50M | 60.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 966.00M | 1.12B | 955.00M | 858.10M | 715.80M | 675.90M | 516.90M | 430.30M | 389.10M | 327.50M | 268.60M | 195.00M | 144.10M | 161.60M | 133.10M | 111.40M | 154.60M | 128.40M | 39.10M | 189.50M | 145.90M | 129.90M | 125.26M | 92.96M | 83.24M | 58.68M | 57.60M | 44.20M | 42.40M | 34.50M | 32.30M | 23.50M | 18.80M | 17.70M | 17.30M |
| Depreciation | 696.50M | 599.60M | 566.30M | 562.40M | 474.40M | 419.00M | 385.80M | 350.80M | 334.20M | 258.90M | 178.60M | 140.40M | 115.20M | 93.10M | 85.60M | 73.70M | 65.30M | 60.70M | 56.60M | 63.30M | 48.70M | 35.80M | 23.15M | 19.43M | 17.68M | 13.39M | 11.60M | 10.70M | 10.40M | 7.40M | 6.40M | 6.20M | — | — | — |
| Deferred Taxes | 43.10M | -209.00M | -184.00M | -162.00M | -171.20M | — | — | — | — | — | — | — | — | — | — | 18.40M | -4.20M | -41.10M | -84.00M | -45.90M | -32.10M | -6.50M | -77.75M | -30.61M | -2.84M | -4.87M | -9.60M | -2.50M | -1.30M | -5.00M | -7.00M | -3.30M | -1.10M | -2.00M | 800,000 |
| Stock-Based Compensation | 31.40M | 24.40M | 13.40M | 13.60M | 14.00M | 13.70M | 17.30M | 14.70M | 11.20M | 10.60M | 7.70M | 7.50M | 14.30M | 9.00M | 9.90M | 11.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 414.00M | 86.70M | 158.90M | 13.50M | 45.90M | -13.40M | 6.50M | 37.80M | 51.20M | 40.40M | 36.70M | 11.70M | 600,000 | 4.00M | 4.10M | 11.40M | 12.30M | 16.00M | 19.50M | 13.80M | -500,000 | 7.20M | 24.81M | — | 5.50M | -8.80M | -8.40M | -600,000 | -2.20M | -8.70M | -1.60M | -1.50M | 13.80M | 4.30M | 6.70M |
| Accounts Receivable | -503.50M | -319.60M | -172.30M | -796.50M | -434.70M | -783.10M | -47.70M | -777.20M | -209.30M | 95.30M | -85.40M | 11.50M | 52.10M | -2.70M | 21.60M | 72.50M | 144.40M | -1.10M | -51.00M | -32.80M | -68.30M | -57.70M | -297.76M | -53.40M | -78.69M | -56.10M | 16.00M | -5.80M | -22.00M | -19.40M | -6.30M | -14.20M | — | — | — |
| Accounts Payable | — | 5.08B | 35.50M | 1.15B | 461.60M | 819.70M | 166.90M | 770.00M | 252.20M | 60.00M | 114.30M | 33.30M | -55.80M | -11.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -2.90M | -32.00M | -33.40M | 11.00M | 38.10M | -354.30M | -266.90M | -224.00M | -335.00M | -387.60M | -187.20M | -87.60M | 16.30M | -1.70M | 77.10M | 20.10M | 24.20M | -100.80M | 97.80M | 31.00M | -102.00M | 91.20M | 411.63M | 175.70M | 83.68M | 53.27M | 4.90M | -16.30M | 14.40M | 44.60M | -4.60M | 3.80M | 12.60M | 24.30M | -7.60M |
| Operating Cash Flow | 1.64B | 6.35B | 1.34B | 1.65B | 1.14B | 777.50M | 778.80M | 602.40M | 493.60M | 405.10M | 333.30M | 311.80M | 286.80M | 251.80M | 331.40M | 318.90M | 396.60M | 62.10M | 78.00M | 218.90M | -8.30M | 199.90M | 209.33M | 204.08M | 108.56M | 55.57M | 72.10M | 29.70M | 41.70M | 53.40M | 19.20M | 14.50M | 44.10M | 44.30M | 17.20M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | -217.80M | -99.00M | -81.50M | -93.60M | -51.00M | -45.90M | -25.10M | -23.50M | -32.00M | -40.70M | -33.00M | -23.40M | -29.00M | -21.10M | -42.90M | -28.76M | -18.32M | -18.09M | -13.96M | -3.20M | -10.40M | -10.40M | -7.40M | -7.00M | -5.80M | -7.70M | -7.20M | -4.70M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -3.03B | -753.90M | -3.24B | -316.10M | -1.19B | -770.30M | -372.90M | -235.60M | -240.40M | -1.91B | -722.20M | -332.70M | -250.80M | -76.90M | -43.70M | -241.10M | -215.00M | -80.80M | -32.90M | -112.80M | -28.70M | -5.40M | -17.89M | -14.80M | -250,000 | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -27.40M | — | — | — | — | — | — | -16.00M | -13.96M | -25.83M | -44.01M | -33.33M | -30.20M | -23.70M | -21.90M | -28.40M | -56.80M | -42.20M | -57.20M | -33.20M | -50.60M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11.00M | 9.10M | 10.00M | 3.50M | — | — | 13.70M | 23.45M | 23.23M | 41.27M | 50.27M | 32.00M | 30.70M | 22.30M | 32.70M | 51.50M | 40.00M | 31.50M | 44.60M | 35.40M |
| Investing Cash Flow | -3.10B | -823.10M | -3.30B | -370.70M | -1.26B | -770.30M | -372.90M | -453.40M | -339.40M | -1.99B | -815.80M | -383.70M | -296.70M | -102.00M | -94.60M | -262.10M | -245.90M | -95.90M | -49.30M | -139.00M | -45.80M | -48.70M | -84.96M | -71.35M | -41.61M | -49.30M | -36.00M | -20.30M | -15.10M | -2.70M | -32.70M | -12.50M | -34.20M | 4.10M | -19.70M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 1.68B | 25.30M | 1.71B | 424.90M | 744.20M | 432.90M | 348.00M | 326.00M | 23.90M | 1.31B | 200.00M | 50.00M | 125.00M | — | 150.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -3.61B | -2.76B | -1.24B | -3.15B | -4.06B | -3.00B | -3.73B | -2.67B | -794.00M | -1.60B | -489.00M | -184.00M | -141.00M | -48.00M | -286.00M | -100.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 1.37B | 680.20M | 82.10M | -190.50M | -140.90M | -114.70M | -68.40M | -80.80M | -56.40M | -27.40M | -15.10M | 500,000 | 3.70M | 1.40M | -2.80M | 5.20M | 3.40M | 7.90M | — | — | — | — | -13.50M | -4.94M | -63.12M | -8.11M | -1.90M | -6.80M | -1.10M | -1.40M | 400,000 | -200,000 | -4.40M | — | — |
| Financing Cash Flow | -736.10M | -2.34B | 1.76B | -3.66B | -3.42B | -2.84B | -3.78B | -2.68B | -825.70M | 63.10M | -9.00M | -138.10M | -75.40M | -144.20M | -391.40M | -60.00M | -355.00M | -115.70M | -76.40M | -110.50M | -119.00M | -47.00M | -131.98M | -42.20M | -93.53M | -26.29M | -25.60M | -35.70M | -23.90M | -54.10M | -3.70M | -20.40M | -18.10M | -9.60M | -13.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 6.54B | 4.96B | 4.47B | 3.57B | 2.62B | 2.24B | 2.31B | 1.94B | 1.89B | 314.40M | 298.10M | 302.10M | 291.20M | 249.80M | 205.90M | 194.40M | 255.90M | 208.00M | 317.80M | 224.60M | 193.60M | 152.60M | 98.53M | 149.39M | 97.53M | 73.09M | 81.10M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 225.80M | 317.60M | 325.40M | — | — | 68.10M | 55.80M | 66.10M | 78.30M | 72.90M | 49.20M | 47.50M | 32.00M | 37.60M | 27.70M | 40.10M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 270.80M | 240.20M | 215.70M | — | — | 139.20M | 124.80M | 112.80M | 103.90M | 82.50M | 49.20M | 42.20M | 38.40M | 34.70M | 27.90M | 28.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.84B | 1.21B | 1.26B | 1.71B | 1.05B | 640.70M | 725.00M | 431.80M | 587.10M | 355.10M | 278.90M | 292.00M | 238.10M | 204.40M | 188.00M | 128.60M | 211.60M | 71.70M | 166.00M | 248.20M | 203.70M | 104.30M | 100.08M | 148.77M | 75.04M | 45.66M | 60.50M | 35.20M | 38.40M | 70.40M | 24.00M | 19.80M | 36.40M | 37.10M | 12.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 6,952,709 | 2.17B | 2.78% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 5,738,118 | 1.79B | 2.30% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 4,639,339 | 1.45B | 1.86% |
| Washington Mutual Investors Fund | Dec 31, 2024 | 4,522,953 | 1.41B | 1.81% |
| American Balanced Fund | Sep 30, 2024 | 2,784,029 | 869.20M | 1.11% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 2,707,387 | 845.27M | 1.08% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 2,700,995 | 843.28M | 1.08% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 2,476,440 | 773.17M | 0.99% |
| New Perspective Fund Inc | Sep 30, 2024 | 2,099,706 | 655.55M | 0.84% |
| Investment Company Of America | Dec 31, 2024 | 2,016,507 | 629.57M | 0.81% |
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