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Arthur J. Gallagher AJG Risk Management — Provision (benefit) for income taxes

Other segment segments

Brokerage
$313M+10.6%
Corporate
-$111M+17.2%

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$272K-55.3%
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$797M+46.0%

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

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 us-gaap:IncomeTaxExpenseBenefit.

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 risk management — provision (benefit) for income taxes?
Arthur J. Gallagher (AJG) reported risk management — provision (benefit) for income taxes of $18M in Q1 2026.
How has Arthur J. Gallagher's risk management — provision (benefit) for income taxes changed year-over-year?
Arthur J. Gallagher's risk management — provision (benefit) for income taxes increased by 20.0% year-over-year, from $15M to $18M.
What is the long-term trend for Arthur J. Gallagher's risk management — provision (benefit) for income taxes?
Over 4 years (2021 to 2025), Arthur J. Gallagher's risk management — provision (benefit) for income taxes has grown at a 21.3% compound annual growth rate (CAGR), from $30.6M to $66.2M.
What does risk management — provision (benefit) for income taxes mean?
This represents the portion of the total corporate income tax expense or benefit specifically allocated to the Risk Management segment. It reflects the tax impact of the segment's earnings based on the jurisdictions in which it operates. Understanding this helps in reconciling segment-level pre-tax income to net earnings.