Arthur J. Gallagher AJG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenues before reimbursements by Business | ||||||
| Brokerage | $4.29B+35.5% | $3.17B+8.4% | $2.92B+4.9% | $2.79B-15.9% | $3.31B+44.3% | |
| Corporate | -$5M-2,600% | $200K-50.0% | $400K0.0% | $400K— | $0-100% | |
| Risk Management | $428M+2.5% | $417.6M+3.9% | $402.1M+2.6% | $391.9M+4.8% | $374M+1.1% | |
| Net earnings by Business | ||||||
| Brokerage | $913M+188% | $317.1M-22.7% | $410.4M-19.3% | $508.4M-37.7% | $816M+157% | |
| Corporate | -$140M+34.1% | -$212.6M-14.1% | -$186.3M-0.8% | -$184.8M-24.9% | -$148M-45.0% | |
| Risk Management | $50M+0.4% | $49.8M+0.6% | $49.5M+16.2% | $42.6M+3.9% | $41M-5.3% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Brokerage | $4.29B+35.5% | $3.17B+8.4% | $2.92B+4.9% | $2.79B-15.9% | $3.31B+44.3% | |
| Corporate | -$5M-2,600% | $200K-50.0% | $400K0.0% | $400K— | $0-100% | |
| Risk Management | $470M+2.3% | $459.5M+3.9% | $442.3M+1.7% | $434.8M+5.3% | $413M+1.8% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Brokerage | $1.23B+189% | $423.8M-23.2% | $551.7M-19.4% | $684.4M-37.7% | $1.1B+159% | |
| Corporate | -$251M+19.4% | -$311.5M-14.4% | -$272.2M-0.4% | -$271M+3.9% | -$282M-88.0% | |
| Risk Management | $68M+0.4% | $67.7M+0.4% | $67.4M+16.2% | $58M+3.6% | $56M-4.6% | |
| Total Assets by Business | ||||||
| Brokerage | $73.88B+43.3% | $51.55B-14.2% | $60.09B-4.2% | $62.73B+15.3% | $54.43B+17.2% | |
| Corporate | $2.19B-87.0% | $16.85B-0.5% | $16.93B+10.1% | $15.37B-13.1% | $17.69B+9.5% | |
| Risk Management | $2.24B-1.7% | $2.27B+11.1% | $2.05B+1.6% | $2.01B+1.6% | $1.98B+19.3% | |
| Net earnings attributable to noncontrolling interests by Business | ||||||
| Brokerage | $1M-68.8% | $3.2M+256% | $900K+125% | $400K-92.0% | $5M+2,400% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $0— | $0— | $0— | $0— | $0— | |
| Operating by Business | ||||||
| Brokerage | $3.07B+11.7% | $2.75B+15.8% | $2.37B+12.8% | $2.1B-5.1% | $2.22B+18.3% | |
| Corporate | $246M-21.0% | $311.3M+14.2% | $272.6M+0.4% | $271.4M-3.8% | $282M+71.8% | |
| Risk Management | $402M+2.6% | $391.8M+4.5% | $374.9M-0.5% | $376.8M+5.5% | $357M+2.9% | |
| Net change in collected billings/deposits received from customers by Business | ||||||
| Brokerage | -$26M-98.5% | -$13.1M— | —— | —— | $20.9M+130% | |
| Risk Management | $6M+62.2% | $3.7M— | —— | —— | -$6.9M-7.8% | |
| Net foreign exchange (loss) gain by Business | ||||||
| Brokerage | $2M+180% | -$2.5M-25.0% | -$2M-900% | -$200K-120% | $1M-61.5% | |
| Corporate | $0+100% | -$2.2M-165% | $3.4M-86.6% | $25.3M+5.4% | $24M— | |
| Risk Management | -$6M-900% | -$600K-400% | $200K-66.7% | $600K— | $0— | |
| Amortizable intangible assets - net by Business | ||||||
| Brokerage | $10.15B-3.1% | $10.48B-0.9% | $10.58B+115% | $4.93B+13.8% | $4.34B-1.8% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $212M+5.5% | $201M+15.9% | $173.4M-13.0% | $199.2M+1.1% | $197M+68.4% | |
| Compensation by Business | ||||||
| Brokerage | $2.21B+18.4% | $1.87B+13.3% | $1.65B+8.0% | $1.53B-5.6% | $1.62B+25.2% | |
| Corporate | $41M-52.4% | $86.1M+121% | $38.9M+15.8% | $33.6M-31.4% | $49M+29.6% | |
| Risk Management | $264M+3.3% | $255.5M+4.8% | $243.8M+0.1% | $243.6M+5.5% | $231M+3.0% | |
| Contract with Customer, Liability, Revenue Recognized by Business | ||||||
| Brokerage | $248M+3,900% | $6.2M-47.0% | $11.7M-87.0% | $90.3M-60.2% | $226.8M— | |
| Risk Management | $24M+75.2% | $13.7M-49.6% | $27.2M+3.8% | $26.2M+25.4% | $20.9M+36.6% | |
| Provision (benefit) for income taxes by Business | ||||||
| Brokerage | $313M+193% | $106.7M-24.5% | $141.3M-19.7% | $176M-37.8% | $283M+164% | |
| Corporate | -$111M-12.2% | -$98.9M-15.1% | -$85.9M+0.3% | -$86.2M+35.7% | -$134M-180% | |
| Risk Management | $18M+0.6% | $17.9M0.0% | $17.9M+16.2% | $15.4M+2.7% | $15M-2.6% | |
| Remaining performance obligations by Business | ||||||
| Brokerage | $778M+12.3% | $693M-2.4% | $709.9M+36.3% | $520.7M-0.6% | $523.8M+21.6% | |
| Risk Management | $208M+4.5% | $199M+9.8% | $181.2M+4.3% | $173.8M+1.2% | $171.8M-0.9% | |
| Interest by Business | ||||||
| Brokerage | $0— | $0— | $0— | $0— | $0— | |
| Corporate | $158M-2.0% | $161.2M+0.2% | $160.8M+1.4% | $158.6M+0.4% | $158M+55.5% | |
| Risk Management | $0— | $0— | $0— | $0— | $0— | |
| Impact of change in foreign exchange rates by Business | ||||||
| Brokerage | -$1M+97.9% | -$47.4M-323% | -$11.2M-146% | $24.5M+87.0% | $13.1M+187% | |
| Risk Management | $1M+211% | -$900K-200% | $900K— | —— | —— | |
| Reimbursements by Business | ||||||
| Brokerage | $0— | $0— | $0— | $0— | $0— | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $42M+0.2% | $41.9M+4.2% | $40.2M-6.3% | $42.9M+10.0% | $39M+9.2% | |
| Depreciation by Business | ||||||
| Brokerage | $49M+5.6% | $46.4M+11.5% | $41.6M+9.2% | $38.1M+15.5% | $33M-2.7% | |
| Corporate | $2M+25.0% | $1.6M-20.0% | $2M+17.6% | $1.7M-15.0% | $2M+5.3% | |
| Risk Management | $10M-1.0% | $10.1M-3.8% | $10.5M+6.1% | $9.9M-1.0% | $10M-6.5% | |
| Foreign currency translation adjustments during the period by Business | ||||||
| Brokerage | -$22M-177% | $28.5M— | $0-100% | $255.7M+104% | $125.5M+137% | |
| Corporate | -$1M-233% | -$300K+50.0% | -$600K— | —— | —— | |
| Risk Management | $8M+100% | $4M+344% | $900K-93.5% | $13.9M+93.1% | $7.2M+130% | |
| Amortization by Business | ||||||
| Brokerage | $271M-8.9% | $297.6M+36.2% | $218.5M+25.4% | $174.3M-14.6% | $204M+25.0% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $7M+20.7% | $5.8M+56.8% | $3.7M-45.6% | $6.8M+13.3% | $6M+50.0% | |
| Goodwill acquired during the period by Business | ||||||
| Brokerage | $188M-43.0% | $329.7M-96.1% | $8.5B+1,004% | $769.7M+342% | $174.3M-58.4% | |
| Corporate | $0— | $0— | $0— | —— | —— | |
| Risk Management | $13M-62.2% | $34.4M+116% | $15.9M— | $0-100% | $83.7M+4,683% | |
| Goodwill by Business | ||||||
| Brokerage | $22.42B+1.6% | $22.08B+1.6% | $21.74B+63.7% | $13.28B+8.2% | $12.28B+3.0% | |
| Corporate | $17M-5.6% | $18M+1.1% | $17.8M-3.3% | $18.4M-3.2% | $19M0.0% | |
| Risk Management | $517M+4.0% | $497M+8.8% | $456.6M+4.0% | $439M+4.8% | $419M+27.7% | |
| Change in estimated acquisition earnout payables by Business | ||||||
| Brokerage | $16M+150% | $6.4M-77.5% | $28.5M+552% | -$6.3M-142% | $15M-61.4% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $1M+100% | $500K+25.0% | $400K-42.9% | $700K— | $0+100% | |
| Revenues before reimbursements by Product | ||||||
| Commissions | $3.12B+51.7% | $2.06B+7.9% | $1.91B+5.6% | $1.81B-19.6% | $2.25B+49.9% | |
| Contingent revenues | $115M+38.6% | $83M+10.1% | $75.4M+3.7% | $72.7M-21.8% | $93M+75.8% | |
| Fees | $1.21B+1.8% | $1.19B+12.7% | $1.06B+9.8% | $962.4M-2.3% | $985M+11.5% | |
| Interest income, premium finance revenues and other income (loss) | $86M-29.4% | $121.8M-27.1% | $167.1M-28.1% | $232.5M-5.9% | $247M+69.5% | |
| Supplemental revenues | $180M+36.7% | $131.7M+12.0% | $117.6M+14.4% | $102.8M-9.8% | $114M+17.2% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Geography | ||||||
| Australia | $146M-5.5% | $154.5M+2.2% | $151.2M-2.8% | $155.5M+24.4% | $125M-19.4% | |
| Canada | $93M-4.9% | $97.8M+8.7% | $90M-15.4% | $106.4M+5.3% | $101M-2.8% | |
| New Zealand | $42M-23.4% | $54.8M+0.4% | $54.6M-5.4% | $57.7M+44.3% | $40M-24.5% | |
| Other foreign | $385M+78.6% | $215.6M+15.2% | $187.1M+3.0% | $181.6M-39.7% | $301M+93.2% | |
| United Kingdom | $775M+29.9% | $596.6M+16.4% | $512.5M-23.6% | $671.1M-3.7% | $697M+32.8% | |
| United States | $3.32B+32.2% | $2.51B+5.9% | $2.37B+15.7% | $2.05B-16.8% | $2.46B+42.9% | |
| Total Assets by Geography | ||||||
| Australia | $2.21B-6.9% | $2.38B+2.2% | $2.33B-2.1% | $2.38B+21.1% | $1.96B-8.7% | |
| Canada | $1.46B-16.1% | $1.74B+0.4% | $1.73B-9.5% | $1.92B+13.4% | $1.69B-0.1% | |
| New Zealand | $714M-8.9% | $784M+0.9% | $777.1M-10.8% | $871.2M+29.6% | $672M-8.3% | |
| Other foreign | $7.94B+14.8% | $6.92B-14.0% | $8.05B-10.6% | $9B+22.2% | $7.37B+35.6% | |
| United Kingdom | $13.71B-12.1% | $15.6B-27.4% | $21.49B-7.6% | $23.25B+9.3% | $21.26B+31.2% | |
| United States | $52.26B+20.9% | $43.24B-3.3% | $44.7B+4.6% | $42.71B+3.8% | $41.14B+8.1% | |
| Goodwill by Geography | ||||||
| Australia | $879M+6.0% | $829M+2.4% | $809.2M+1.7% | $795.5M+6.9% | $744.4M+2.3% | |
| Canada | $624M-0.6% | $628M+1.4% | $619.5M-1.8% | $630.8M+4.3% | $604.6M+3.0% | |
| New Zealand | $234M+0.4% | $233M+1.2% | $230.3M-2.7% | $236.6M+16.8% | $202.5M+6.0% | |
| Other foreign | $1.84B+37.6% | $1.34B+0.6% | $1.33B+0.7% | $1.32B+6.9% | $1.23B+11.5% | |
| United Kingdom | $3.61B+19.0% | $3.03B+3.8% | $2.92B-0.9% | $2.95B+5.8% | $2.79B+6.5% | |
| United States | $15.78B-4.6% | $16.54B+1.4% | $16.31B+109% | $7.81B+9.4% | $7.14B+1.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Arthur J. Gallagher break its business down?
- Arthur J. Gallagher (AJG) reports revenues before reimbursements by business across 3 parts — Brokerage, Corporate and Risk Management. Each is extracted from the segment footnotes and tracked over time.
- Where does Arthur J. Gallagher's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Arthur J. Gallagher's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
