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Arthur J. Gallagher AJG Commissions — Revenues before reimbursements

Other product segments

Fees
$1.21B+23.0%
Supplemental revenues
$180M+57.9%
Contingent revenues
$115M+23.7%
Interest income, premium finance revenues and other income (loss)
$86M-65.2%

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SIEBInsurance Commissions — Revenue From Commissions And Fees
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HGTYTotal commission and fee revenue — Revenue
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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$62.23B-21.4%
Enterprise value$74.83B-5.0%
P/E38.6×-9.6×
P/S4.2×-2.2×

Profitability

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

Returns & leverage

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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:RevenueFromContractWithCustomerBeforeReimbursementsExcludingAssessedTax.

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

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Questions, answered.

What is Arthur J. Gallagher's commissions — revenues before reimbursements?
Arthur J. Gallagher (AJG) reported commissions — revenues before reimbursements of $3.12B in Q1 2026.
How has Arthur J. Gallagher's commissions — revenues before reimbursements changed year-over-year?
Arthur J. Gallagher's commissions — revenues before reimbursements increased by 38.9% year-over-year, from $2.25B to $3.12B.
What is the long-term trend for Arthur J. Gallagher's commissions — revenues before reimbursements?
Over 4 years (2021 to 2025), Arthur J. Gallagher's commissions — revenues before reimbursements has grown at a 18.0% compound annual growth rate (CAGR), from $4.13B to $8.02B.
What does commissions — revenues before reimbursements mean?
This metric represents the gross revenue generated from insurance brokerage services, specifically derived from commissions paid by insurance carriers for placing policies on behalf of clients. It excludes any pass-through reimbursements for expenses incurred on behalf of clients, reflecting the core fee-based income earned from the company's primary brokerage operations. This figure serves as a key indicator of the company's ability to capture market share and maintain pricing power within the insurance distribution landscape.