Arthur J. Gallagher Brokerage Management — Non-compete agreements increased by 9.2% to $13.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 23.1%, from $16.90M to $13.00M. This is a positive signal — higher values indicate stronger performance for this metric.
An increase reflects strategic investments in talent retention and client base protection during M&A, while a decrease indicates the expiration of these protective terms.
This represents the capitalized value of restrictive covenants acquired as part of brokerage business acquisitions, prev...
Frequently disclosed by professional services and brokerage firms as part of purchase price allocation for human capital and client stability.
ajg_segment_brokerage_management_non_compete_agreements| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|
| Value | $23.60M | $16.90M | $21.60M | $11.90M | $13.00M |
| QoQ Change | — | -28.4% | +27.8% | -44.9% | +9.2% |
| YoY Change | — | — | — | — | -23.1% |