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Companies / Financials / Arthur J. Gallagher & Co.
AJG

Arthur J. Gallagher & Co.

FinancialsInsuranceS&P 500
Ticker AJGROLLING MEADOWS, ILFiscal year ends DecemberBook value per share $91.27Diluted shares 259.9M

Arthur J. Gallagher & Co. (NYSE: AJG) provides insurance and reinsurance brokerage, consulting, and third-party property and casualty claims settlement and administration services to organizations and individuals worldwide. Its brokerage business places commercial property, casualty, health and welfare coverage,… From the company’s description.

In fiscal 2025, Arthur J. Gallagher & Co. reported revenue of $13.94B, up 20.7% from fiscal 2024, and net income of $1.50B. Its operating margin was 18.3%, and operations generated $1.93B in cash. Over the twelve months to Jun 30, 2026, revenue was $15.75B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$13.94BFY2025
+20.7% year over year
Last 12 mo $15.75B
18.33%FY2025
−1.4 percentage points
Last 12 mo 17.08%
$1.50BFY2025
+2.2% year over year
Last 12 mo $1.57B
6.41%FY2025
−0.9 percentage points
Last 12 mo 6.62%
Cash & financing
$1.93BFY2025
−25.3% year over year
Last 12 mo $2.45B
$1.78BFY2025
−26.9% year over year
Last 12 mo $2.29B
0.55FY2025
Was 0.64× a year earlier
Last 12 mo 0.57
260.3MFY2025
+15.7% year over year
Last 12 mo 259.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Arthur J. Gallagher & Co. does

In the company’s own words

Arthur J. Gallagher & Co. (NYSE: AJG) provides insurance and reinsurance brokerage, consulting, and third-party property and casualty claims settlement and administration services to organizations and individuals worldwide. Its brokerage business places commercial property, casualty, health and welfare coverage, arranges reinsurance, and provides risk and benefits consulting; customers include commercial, nonprofit and public-sector entities, insurers and other insurance-capital providers, and, to a lesser extent, individuals. Its risk management business handles claims, loss control and risk management for organizations that self-insure or outsource claims administration. The company reports brokerage, risk management and corporate segments, which accounted for approximately 87%, 13% and no significant share of 2025 revenue, respectively. Brokerage includes retail, wholesale and reinsurance operations, including Gallagher Re, while risk management serves largely separate clients. Following its founding as an insurance agency in 1927, the company expanded through acquisitions, including Woodruff Sawyer and AssuredPartners in 2025. It had approximately 72,000 employees at year-end 2025 and operated in about 60 countries. Its website is http://investor.ajg.com.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
ROLLING MEADOWS, IL
Fiscal year end
December
CIK
354190
SIC
6411

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.58B$3.15B$7.88B$12.60B$17.33B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Arthur J. Gallagher & Co. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

776
funds hold it
1 of 35
superinvestors hold it
$25.30B
held by funds, at market
44.4%
of shares held by funds
14
bond issues held by funds

Superinvestors in Arthur J. Gallagher & Co. · what they did last quarter

Glenn GreenbergNEW
Brave Warrior Advisors
6.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Arthur J. Gallagher & Co.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.09%of fund net assets
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
1.18%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.57%of fund net assets
0.63%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Arthur J. Gallagher & Co.’s bonds, as funds hold them

Funds report holding 14 issues of Arthur J. Gallagher & Co.’s debt, $1.63B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.08%, maturing 2027 to 2055.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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