Skip to content

Arthur J. Gallagher AJG Brokerage Management — Non-compete agreements

Similar metrics at other companies

Freedom Holding logo
FRHCBrokerage — Acquired
$0
Compass logo
COMPBrokerage — Goodwill
$1.54B
US Physical Therapy logo
USPHPhysical Therapy Operations — Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Non Competition Agreements
$266K+245%
Ameriprise Financial logo
AMPOther broker dealer acquisition costs — Deferred acquisition costs
$2M0.0%
Bowhead Specialty Holdings logo
BOWBroker commission — Net acquisition costs
$30.66M+29.6%
Commerce Bancshares logo
CBSHConsumer brokerage services — Non-interest income
$5.44M+13.8%

Other financials

Income statement

See full
Revenue$4.8B+27.7%
Gross profit$2.0B+16.3%
Net income$822.0M+16.8%
EPS (diluted)$3.16+16.2%

Balance sheet

See full
Cash & equivalents$1.4B-91.5%
Total debt$14.0B+5.7%
Total equity$23.8B+6.5%
Total assets$78.3B+5.7%

Cash flow

See full
Operating cash flow$957.0M+9.7%
CapEx$36.0M+28.6%
Free cash flow$921.0M+9.1%

Valuation

See full
Market cap$55.98B-31.7%
Enterprise value$68.58B-12.7%
P/E34.7×-17.9×
P/S3.7×-3.1×

Profitability

See full
Gross margin99.7%+14.0pp
Net margin10.8%-2.2pp
FCF margin21%-0.1pp

Returns & leverage

See full
Return on equity7%-2.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.4×

Where this comes from

Reported directly by Arthur J. Gallagher in its filing.

Tagged under the XBRL concept ajg:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsNonCompeteAgreements.

The official record: Arthur J. Gallagher’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Arthur J. Gallagher's brokerage management — non-compete agreements.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Arthur J. Gallagher's brokerage management — non-compete agreements?
Arthur J. Gallagher (AJG) reported brokerage management — non-compete agreements of $13M in Q1 2026.
How has Arthur J. Gallagher's brokerage management — non-compete agreements changed year-over-year?
Arthur J. Gallagher's brokerage management — non-compete agreements decreased by 23.1% year-over-year, from $16.9M to $13M.
What does brokerage management — non-compete agreements mean?
This represents the capitalized value of restrictive covenants acquired as part of brokerage business acquisitions, preventing key personnel from soliciting clients or competing within a specified timeframe. These agreements are essential for protecting the acquired client base and ensuring the stability of revenue streams post-acquisition. The value is amortized over the duration of the non-compete period to reflect the protection of the firm's market position.