Business Segments · Revenues before reimbursements

Brokerage — Revenues before reimbursements

Arthur J. Gallagher Brokerage — Revenues before reimbursements increased by 35.5% to $4.29B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 29.5%, from $3.31B to $4.29B. Over 4 years (FY 2021 to FY 2025), Brokerage — Revenues before reimbursements shows an upward trend with a 19.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2016
Last reportedQ1 2026

How to read this metric

Higher revenue indicates strong market demand, successful client acquisition, or effective commission rate management.

Detailed definition

Represents the gross revenue generated by the brokerage segment, excluding pass-through costs that are reimbursed by cli...

Peer comparison

Standard revenue metric for insurance brokers, often compared to organic growth rates at peers.

Metric ID: ajg_segment_brokerage_revenues_before_reimbursements

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.39B$1.50B$1.47B$2.12B$1.74B$1.74B$1.70B$2.38B$2.09B$2.12B$2.05B$2.86B$2.38B$2.40B$2.30B$3.31B$2.79B$2.92B$3.17B$4.29B
QoQ Change+7.9%-2.2%+44.7%-18.0%-0.3%-1.8%+39.4%-12.1%+1.6%-3.3%+39.6%-17.1%+0.8%-4.2%+44.4%-16.0%+4.9%+8.4%+35.5%
YoY Change+25.2%+15.8%+16.1%+11.9%+20.0%+22.2%+20.4%+20.6%+13.8%+12.9%+11.9%+15.7%+17.2%+22.0%+38.0%+29.5%
Range$1.39B$4.29B
CAGR+26.8%
Avg YoY Growth+19.6%
Median YoY Growth+18.6%
Current Streak3 quarters growth

Frequently Asked Questions

What is Arthur J. Gallagher's brokerage — revenues before reimbursements?
Arthur J. Gallagher (AJG) reported brokerage — revenues before reimbursements of $4.29B in Q1 2026.
How has Arthur J. Gallagher's brokerage — revenues before reimbursements changed year-over-year?
Arthur J. Gallagher's brokerage — revenues before reimbursements increased by 29.5% year-over-year, from $3.31B to $4.29B.
What is the long-term trend for Arthur J. Gallagher's brokerage — revenues before reimbursements?
Over 4 years (2021 to 2025), Arthur J. Gallagher's brokerage — revenues before reimbursements has grown at a 19.6% compound annual growth rate (CAGR), from $5.97B to $12.19B.
What does brokerage — revenues before reimbursements mean?
Total brokerage revenue earned from commissions and fees, excluding reimbursed client expenses.