What is Arthur J. Gallagher's expiration lists?

Arthur J. Gallagher (AJG) reported expiration lists of $162M in Q1 2026.

What does expiration lists mean?

This intangible asset represents the value of the acquired customer lists and the historical data regarding insurance policy renewals. It is a critical asset for insurance brokers, as it provides a predictable stream of future commission revenue. The valuation is based on the expected retention and profitability of the acquired client base.

Arthur J. Gallagher AJG Expiration lists

Expiration lists at other companies

Biglari Holdings Inc.BH

$144.4M+11.4%

MarkelMKL

$355.62M+91.3%

KKR & Co.KKR

$5.93B+11.8%

The Travelers CompaniesTRV

$225M-0.4%

S&P GlobalSPGI

$132M0.0%

S&P GlobalSPGI

$185M0.0%

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

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:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsExpirationLists.

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 expiration lists?: Arthur J. Gallagher (AJG) reported expiration lists of $162M in Q1 2026.
What does expiration lists mean?: This intangible asset represents the value of the acquired customer lists and the historical data regarding insurance policy renewals. It is a critical asset for insurance brokers, as it provides a predictable stream of future commission revenue. The valuation is based on the expected retention and profitability of the acquired client base.