Arthur J. Gallagher Risk Management — Cost Reimbursements increased by 0.2% to $42.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $39.00M to $42.00M. Over 4 years (FY 2021 to FY 2025), Risk Management — Cost Reimbursements shows an upward trend with a 5.4% CAGR.
An increase may indicate higher client activity levels or expanded service scope, while a decrease could signal cost-saving initiatives or a shift in the billing model toward all-inclusive fee structures.
This metric represents the pass-through expenses incurred by the Risk Management segment that are billed back to clients...
Similar to 'reimbursable expenses' or 'pass-through revenue' found in professional services, consulting, and brokerage firms where client-specific costs are billed separately from service fees.
ajg_segment_risk_management_cost_reimbursements| 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 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $33.25M | $33.25M | $33.25M | $32.63M | $32.63M | $32.63M | $32.63M | $36.35M | $36.35M | $36.35M | $36.35M | $38.60M | $39.40M | $40.30M | $36.00M | $39.00M | $42.90M | $40.20M | $41.90M | $42.00M |
| QoQ Change | — | +0.0% | +0.0% | -1.9% | +0.0% | +0.0% | +0.0% | +11.4% | +0.0% | +0.0% | +0.0% | +6.2% | +2.1% | +2.3% | -10.7% | +8.3% | +10.0% | -6.3% | +4.2% | +0.2% |
| YoY Change | — | — | — | — | -1.9% | -1.9% | -1.9% | +11.4% | +11.4% | +11.4% | +11.4% | +6.2% | +8.4% | +10.9% | -1.0% | +1.0% | +8.9% | -0.2% | +16.4% | +7.7% |