What is Arthur J. Gallagher's brokerage — expiration lists?

Arthur J. Gallagher (AJG) reported brokerage — expiration lists of $935.70M in Q2 2025.

How has Arthur J. Gallagher's brokerage — expiration lists changed year-over-year?

Arthur J. Gallagher's brokerage — expiration lists increased by 211.0% year-over-year, from $300.90M to $935.70M.

What is the long-term trend for Arthur J. Gallagher's brokerage — expiration lists?

Over 3 years (2021 to 2024), Arthur J. Gallagher's brokerage — expiration lists has grown at a -15.9% compound annual growth rate (CAGR), from $2.76B to $1.64B.

What does brokerage — expiration lists mean?

The value of acquired customer renewal data and historical client information used to drive future brokerage revenue.

Discontinued — last reported Q2 '25

Business Segments · Expiration lists

Brokerage — Expiration lists

Arthur J. Gallagher Brokerage — Expiration lists increased by 366.0% to $935.70M in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 211.0%, from $300.90M to $935.70M. Over 3 years (FY 2021 to FY 2024), Brokerage — Expiration lists shows a downward trend with a -15.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryCapital Allocation

SignalHigher is better

VolatilityModerate

First reportedQ4 2015

Last reportedQ2 2025

Rolls up toExpiration lists

How to read this metric

An increase suggests active inorganic growth through acquisitions of smaller brokerage firms, while a decrease may indicate asset impairment or a shift in acquisition strategy.

Detailed definition

Represents the capitalized value of customer expiration lists acquired through business combinations within the brokerag...

Peer comparison

Commonly reported by insurance brokers as 'Customer Relationships' or 'Brokerage Lists' under intangible assets.

Metric ID: ajg_segment_brokerage_expiration_lists

Historical Data

17 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25
Value	$259.50M	$279.90M	$2.03B	$44.60M	$169.80M	$213.30M	$564.00M	$147.60M	$549.90M	$667.90M	$1.72B	$181.40M	$300.90M	$368.10M	$791.50M	$200.80M	$935.70M
QoQ Change	—	+7.9%	+624.5%	-97.8%	+280.7%	+25.6%	+164.4%	-73.8%	+272.6%	+21.5%	+157.7%	-89.5%	+65.9%	+22.3%	+115.0%	-74.6%	+366.0%
YoY Change	—	—	—	—	-34.6%	-23.8%	-72.2%	+230.9%	+223.9%	+213.1%	+205.1%	+22.9%	-45.3%	-44.9%	-54.0%	+10.7%	+211.0%

Range$44.60M – $2.03B

CAGR+37.8%

Avg YoY Growth+64.8%

Median YoY Growth+10.7%

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Frequently Asked Questions

What is Arthur J. Gallagher's brokerage — expiration lists?: Arthur J. Gallagher (AJG) reported brokerage — expiration lists of $935.70M in Q2 2025.
How has Arthur J. Gallagher's brokerage — expiration lists changed year-over-year?: Arthur J. Gallagher's brokerage — expiration lists increased by 211.0% year-over-year, from $300.90M to $935.70M.
What is the long-term trend for Arthur J. Gallagher's brokerage — expiration lists?: Over 3 years (2021 to 2024), Arthur J. Gallagher's brokerage — expiration lists has grown at a -15.9% compound annual growth rate (CAGR), from $2.76B to $1.64B.
What does brokerage — expiration lists mean?: The value of acquired customer renewal data and historical client information used to drive future brokerage revenue.