Arthur J. Gallagher AJG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenues before reimbursements by Business | ||||||
| Brokerage | $4.29B+29.5% | $3.17B+38.0% | $2.92B+22.0% | $2.79B+17.2% | $3.31B+15.7% | |
| Corporate | -$5M— | $200K-98.6% | $400K0.0% | $400K-63.6% | $0-100% | |
| Risk Management | $428M+14.4% | $417.6M+12.9% | $402.1M+8.8% | $391.9M+9.3% | $374M+6.0% | |
| Net earnings by Business | ||||||
| Brokerage | $913M+11.9% | $317.1M-0.2% | $410.4M+7.2% | $508.4M+52.8% | $816M+25.0% | |
| Corporate | -$140M+5.4% | -$212.6M-108% | -$186.3M-64.1% | -$184.8M-94.1% | -$148M-86.9% | |
| Risk Management | $50M+22.0% | $49.8M+15.0% | $49.5M+11.0% | $42.6M-10.9% | $41M+4.3% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Brokerage | $4.29B+29.5% | $3.17B+38.0% | $2.92B+22.0% | $2.79B+17.2% | $3.31B+15.7% | |
| Corporate | -$5M— | $200K-98.6% | $400K0.0% | $400K-63.6% | $0-100% | |
| Risk Management | $470M+13.8% | $459.5M+13.3% | $442.3M+7.9% | $434.8M+9.2% | $413M+5.5% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Brokerage | $1.23B+11.6% | $423.8M-0.2% | $551.7M+7.8% | $684.4M+53.3% | $1.1B+25.4% | |
| Corporate | -$251M+11.0% | -$311.5M-108% | -$272.2M-60.8% | -$271M-85.5% | -$282M-80.1% | |
| Risk Management | $68M+21.4% | $67.7M+15.3% | $67.4M+11.0% | $58M-11.3% | $56M+5.3% | |
| Total Assets by Business | ||||||
| Brokerage | $73.88B+35.7% | $51.55B+11.0% | $60.09B+14.5% | $62.73B+6.7% | $54.43B-3.4% | |
| Corporate | $2.19B-87.6% | $16.85B+4.3% | $16.93B+467% | $15.37B+503% | $17.69B+503% | |
| Risk Management | $2.24B+12.8% | $2.27B+36.8% | $2.05B+14.6% | $2.01B+19.7% | $1.98B+18.4% | |
| Net earnings attributable to noncontrolling interests by Business | ||||||
| Brokerage | $1M-80.0% | $3.2M+1,500% | $900K-40.0% | $400K-80.0% | $5M+16.3% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $0— | $0— | $0— | $0— | $0— | |
| Operating by Business | ||||||
| Brokerage | $3.07B+38.5% | $2.75B+46.7% | $2.37B+25.8% | $2.1B+8.9% | $2.22B+11.4% | |
| Corporate | $246M-12.8% | $311.3M+89.7% | $272.6M+60.6% | $271.4M+84.4% | $282M+79.6% | |
| Risk Management | $402M+12.6% | $391.8M+12.9% | $374.9M+7.3% | $376.8M+13.3% | $357M+5.6% | |
| Net change in collected billings/deposits received from customers by Business | ||||||
| Brokerage | -$26M-224% | -$13.1M+81.0% | —— | —— | $20.9M+149% | |
| Risk Management | $6M+187% | $3.7M+158% | —— | —— | -$6.9M-376% | |
| Net foreign exchange (loss) gain by Business | ||||||
| Brokerage | $2M+100% | -$2.5M-196% | -$2M-900% | -$200K+71.4% | $1M+243% | |
| Corporate | $0-100% | -$2.2M— | $3.4M+122% | $25.3M+954% | $24M+6,100% | |
| Risk Management | -$6M— | -$600K— | $200K— | $600K— | $0— | |
| Amortizable intangible assets - net by Business | ||||||
| Brokerage | $10.15B+134% | $10.48B+138% | $10.58B+149% | $4.93B+15.3% | $4.34B-2.1% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $212M+7.6% | $201M+71.8% | $173.4M+55.1% | $199.2M+76.8% | $197M+2.8% | |
| Compensation by Business | ||||||
| Brokerage | $2.21B+36.7% | $1.87B+44.6% | $1.65B+21.0% | $1.53B+11.4% | $1.62B+9.5% | |
| Corporate | $41M-16.3% | $86.1M+128% | $38.9M+13.1% | $33.6M+9.8% | $49M+39.2% | |
| Risk Management | $264M+14.3% | $255.5M+13.9% | $243.8M+8.5% | $243.6M+11.1% | $231M+8.0% | |
| Contract with Customer, Liability, Revenue Recognized by Business | ||||||
| Brokerage | $248M+9.3% | $6.2M— | $11.7M-84.2% | $90.3M-1.1% | $226.8M-10.1% | |
| Risk Management | $24M+14.8% | $13.7M-10.5% | $27.2M-4.9% | $26.2M+0.4% | $20.9M+30.6% | |
| Provision (benefit) for income taxes by Business | ||||||
| Brokerage | $313M+10.6% | $106.7M-0.4% | $141.3M+9.6% | $176M+55.1% | $283M+26.6% | |
| Corporate | -$111M+17.2% | -$98.9M-106% | -$85.9M-53.9% | -$86.2M-69.4% | -$134M-73.1% | |
| Risk Management | $18M+20.0% | $17.9M+16.2% | $17.9M+11.2% | $15.4M-12.5% | $15M+7.9% | |
| Remaining performance obligations by Business | ||||||
| Brokerage | $778M+48.5% | $693M+60.8% | $709.9M+24.9% | $520.7M-11.4% | $523.8M-14.1% | |
| Risk Management | $208M+21.1% | $199M+14.8% | $181.2M+1.9% | $173.8M-0.7% | $171.8M-2.3% | |
| Interest by Business | ||||||
| Brokerage | $0— | $0— | $0— | $0— | $0— | |
| Corporate | $158M0.0% | $161.2M+58.7% | $160.8M+73.1% | $158.6M+68.2% | $158M+71.4% | |
| Risk Management | $0— | $0— | $0— | $0— | $0— | |
| Impact of change in foreign exchange rates by Business | ||||||
| Brokerage | -$1M-108% | -$47.4M-216% | -$11.2M-165% | $24.5M+433% | $13.1M+293% | |
| Risk Management | $1M— | -$900K-80.0% | $900K+50.0% | —— | —— | |
| Reimbursements by Business | ||||||
| Brokerage | $0— | $0— | $0— | $0— | $0— | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $42M+7.7% | $41.9M+17.4% | $40.2M-0.2% | $42.9M+8.9% | $39M+1.0% | |
| Depreciation by Business | ||||||
| Brokerage | $49M+48.5% | $46.4M+36.9% | $41.6M+22.4% | $38.1M+18.0% | $33M+0.6% | |
| Corporate | $2M0.0% | $1.6M-15.8% | $2M+17.6% | $1.7M0.0% | $2M+17.6% | |
| Risk Management | $10M0.0% | $10.1M-5.6% | $10.5M+9.4% | $9.9M+45.6% | $10M-8.3% | |
| Foreign currency translation adjustments during the period by Business | ||||||
| Brokerage | -$22M-118% | $28.5M+108% | $0-100% | $255.7M— | $125.5M+236% | |
| Corporate | -$1M— | -$300K-400% | -$600K— | —— | —— | |
| Risk Management | $8M+11.1% | $4M+117% | $900K-89.8% | $13.9M— | $7.2M+207% | |
| Amortization by Business | ||||||
| Brokerage | $271M+32.8% | $297.6M+82.4% | $218.5M+35.7% | $174.3M+2.0% | $204M+30.8% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $7M+16.7% | $5.8M+45.0% | $3.7M0.0% | $6.8M— | $6M-4.8% | |
| Goodwill acquired during the period by Business | ||||||
| Brokerage | $188M+7.9% | $329.7M-21.4% | $8.5B+12,090% | $769.7M+401% | $174.3M-6.9% | |
| Corporate | $0— | $0— | $0— | —— | —— | |
| Risk Management | $13M-84.5% | $34.4M+1,866% | $15.9M+809% | $0-100% | $83.7M+4,683% | |
| Goodwill by Business | ||||||
| Brokerage | $22.42B+82.7% | $22.08B+85.2% | $21.74B+83.8% | $13.28B+14.9% | $12.28B+8.8% | |
| Corporate | $17M-10.5% | $18M-5.3% | $17.8M-5.8% | $18.4M-2.6% | $19M0.0% | |
| Risk Management | $517M+23.4% | $497M+51.5% | $456.6M+32.3% | $439M+30.3% | $419M+80.5% | |
| Change in estimated acquisition earnout payables by Business | ||||||
| Brokerage | $16M+6.7% | $6.4M-83.5% | $28.5M+285% | -$6.3M-134% | $15M+193% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Risk Management | $1M— | $500K+267% | $400K+300% | $700K+600% | $0-100% | |
| Revenues before reimbursements by Product | ||||||
| Commissions | $3.12B+38.9% | $2.06B+37.2% | $1.91B+24.1% | $1.81B+8.8% | $2.25B+12.8% | |
| Contingent revenues | $115M+23.7% | $83M+56.9% | $75.4M+8.8% | $72.7M+21.6% | $93M+8.1% | |
| Fees | $1.21B+23.0% | $1.19B+34.8% | $1.06B+11.9% | $962.4M+16.4% | $985M+3.6% | |
| Interest income, premium finance revenues and other income (loss) | $86M-65.2% | $121.8M-16.4% | $167.1M+23.5% | $232.5M+136% | $247M+164% | |
| Supplemental revenues | $180M+57.9% | $131.7M+35.4% | $117.6M+48.7% | $102.8M+15.9% | $114M+21.4% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Geography | ||||||
| Australia | $146M+16.8% | $154.5M-0.4% | $151.2M-0.5% | $155.5M+5.9% | $125M+3.3% | |
| Canada | $93M-7.9% | $97.8M-5.9% | $90M-5.6% | $106.4M-5.0% | $101M-3.6% | |
| New Zealand | $42M+5.0% | $54.8M+3.4% | $54.6M-0.9% | $57.7M-0.5% | $40M-8.9% | |
| Other foreign | $385M+27.9% | $215.6M+38.4% | $187.1M+31.9% | $181.6M+21.1% | $301M+18.8% | |
| United Kingdom | $775M+11.2% | $596.6M+13.7% | $512.5M-0.1% | $671.1M+14.0% | $697M+16.4% | |
| United States | $3.32B+34.7% | $2.51B+45.6% | $2.37B+28.1% | $2.05B+19.1% | $2.46B+15.4% | |
| Total Assets by Geography | ||||||
| Australia | $2.21B+12.8% | $2.38B+10.7% | $2.33B+1.6% | $2.38B-0.5% | $1.96B-3.4% | |
| Canada | $1.46B-13.6% | $1.74B+3.0% | $1.73B-2.6% | $1.92B-1.5% | $1.69B-2.6% | |
| New Zealand | $714M+6.3% | $784M+7.0% | $777.1M-7.1% | $871.2M+3.8% | $672M-1.4% | |
| Other foreign | $7.94B+7.8% | $6.92B+27.4% | $8.05B+25.2% | $9B+29.7% | $7.37B+4.2% | |
| United Kingdom | $13.71B-35.5% | $15.6B-3.7% | $21.49B+10.2% | $23.25B+6.1% | $21.26B-3.7% | |
| United States | $52.26B+27.0% | $43.24B+13.6% | $44.7B+69.3% | $42.71B+47.4% | $41.14B+50.2% | |
| Goodwill by Geography | ||||||
| Australia | $879M+18.1% | $829M+13.9% | $809.2M+3.7% | $795.5M+5.1% | $744.4M+19.4% | |
| Canada | $624M+3.2% | $628M+7.0% | $619.5M+0.6% | $630.8M+4.0% | $604.6M-0.5% | |
| New Zealand | $234M+15.6% | $233M+22.0% | $230.3M+7.6% | $236.6M+14.7% | $202.5M0.0% | |
| Other foreign | $1.84B+48.9% | $1.34B+20.7% | $1.33B+17.3% | $1.32B+20.2% | $1.23B+13.5% | |
| United Kingdom | $3.61B+29.5% | $3.03B+15.8% | $2.92B+9.7% | $2.95B+16.9% | $2.79B+10.9% | |
| United States | $15.78B+121% | $16.54B+135% | $16.31B+140% | $7.81B+16.1% | $7.14B+9.9% |
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.
