Arthur J. Gallagher & Co.

10-K & 10-Q Filings

Arthur J. Gallagher & Co. is a global insurance brokerage, reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services company. The company's major strength is its ability to deliver comprehensive insurance, reinsurance, and risk management solutions to clients. Gallagher operates in three segments: brokerage, risk management, and corporate. The brokerage segment accounted for 86% of the company's revenues in 2023 and offers client service capabilities in more than 130 countries. The risk management segment accounted for 14% of the revenues and provides contract claim settlement, claim administration, loss control services, and risk management consulting for commercial, nonprofit, captive, and public sector entities. The corporate segment, which did not generate revenues in 2023, reports the financial information related to the company's debt, clean energy investments, external acquisition-related expenses, other corporate costs, and the impact of foreign currency remeasurement. Gallagher has a diversified client base and had approximately 52,000 employees as of December 31, 2023. The company's website is www.ajg.com, and its stock is traded on the New York Stock Exchange under the symbol "AJG".

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2134.70
2520.30
3179.60
4626.50
5392.40
5594.80
6159.60
6934.00
7195.00
7003.60
8209.40
8550.60
10071.90
2706.10
3256.70
13.80%20.35%Cost of Revenue (-)
$32.00
111.60
437.30
1058.90
1351.50
1408.60
1635.90
1816.00
1352.80
882.10
1173.20
22.90
Gross Profit (+)
$2102.70
2408.70
2742.30
3567.60
4040.90
4186.20
4523.70
5118.00
5842.20
6121.50
7036.20
8527.70
Selling, General & Administrative (-)
$1326.10
1493.40
1685.00
2167.60
2428.90
2538.90
2752.30
3026.30
3339.50
3466.50
3927.50
4799.80
5681.20
1415.50
1725.90
12.89%21.93%Depreciation & Amortization (-)
$35.90
41.40
53.40
69.40
93.90
103.60
121.10
127.80
140.40
145.10
151.20
144.70
165.20
37.70
45.40
13.56%20.42%Operating Expenses (-)
$1894.90
2163.40
2467.80
3300.20
3747.40
3829.30
4145.60
4638.60
5216.10
5250.60
6061.10
7200.70
7536.10
1835.70
2207.00
12.19%20.23%Costs & Expenses (Total) (-)
$1926.90
2275.00
2905.10
4359.10
5098.90
5237.90
5781.50
6454.60
6568.90
6132.70
7234.30
7223.60
8886.80
2100.30
2484.00
13.59%18.27%Operating Income/Loss (+)
$207.80
245.30
274.50
267.40
293.50
356.90
378.10
479.40
626.10
870.90
975.10
1327.00
1185.10
605.80
772.70
15.61%27.55%Non-operating Income/Expense (+)
$8.10
10.40
8.10
41.30
54.20
53.30
56.30
-16.20
Interest Expense (-)
$40.80
43.00
50.10
89.00
103.00
109.80
124.10
138.40
179.80
196.40
226.10
256.90
296.70
67.90
92.20
17.98%35.79%Earnings before Tax (+)
$207.80
245.30
274.50
267.40
293.50
356.90
378.10
479.40
626.10
870.90
975.10
1327.00
1185.10
605.80
772.70
15.61%27.55%Tax Expense (-)
$63.70
50.30
5.90
-36.00
-95.60
-88.10
-121.10
-196.50
-89.70
12.80
20.10
211.00
219.10
119.20
160.00
10.84%34.23%Income/Loss (Continuing Operations) (+)
$144.10
195.00
268.60
303.40
389.10
445.00
499.20
675.90
715.80
858.10
955.00
1116.00
966.00
486.60
612.70
17.18%25.91%Profit/Loss (+)
$
389.10
445.00
499.20
675.90
715.80
858.10
955.00
1116.00
966.00
486.60
612.70
25.91%Net Income/Loss (NCI) (-)
$
32.30
30.60
36.10
42.40
47.00
39.30
48.20
1.80
-3.50
0.10
4.30
4200.00%Net Income/Loss (+)
$144.10
195.00
268.60
303.40
356.80
414.40
463.10
633.50
668.80
818.80
906.80
1114.20
969.50
486.50
608.40
17.22%25.06%Net Income/Loss (Common) (+)
$144.10
195.00
268.60
303.40
356.80
414.40
463.10
633.50
668.80
818.80
906.80
1114.20
969.50
486.50
608.40
17.22%25.06%EPS (Basic)
$1.29
1.61
2.08
1.98
2.07
2.33
2.57
3.47
3.60
4.29
4.47
5.30
4.51
2.29
2.80
10.99%22.27%EPS (Diluted)
$1.28
1.59
2.06
1.97
2.06
2.32
2.54
3.40
3.52
4.20
4.37
5.19
4.42
2.24
2.74
10.88%22.32%Weighted Avg Shares (Basic)
115.04
125.87
133.84
164.74
177.03
178.62
181.43
184.06
188.25
193.74
208.54
212.09
216.80
214.25
218.50
5.42%1.99%Cash
$983.70
1153.70
1325.50
1682.00
1892.50
1937.60
2305.00
2236.80
2623.90
3574.30
4466.30
4964.20
971.50
1549.90
1762.60
-0.10%13.72%Receivables
$1027.10
1096.10
1288.80
1462.50
1734.00
1844.80
2157.20
4857.50
5419.20
6436.00
11753.10
16408.90
3786.60
3526.50
4148.70
11.49%17.64%Other Assets (Current)
$188.60
179.70
261.30
666.70
709.30
633.70
708.40
1024.40
1074.40
1113.90
1451.00
1461.50
27358.00
23701.60
35568.20
51.40%50.07%Assets (Current)
$2199.40
2429.50
2875.60
3811.20
4335.80
4416.10
5170.60
8118.70
9117.50
11124.20
17670.40
22834.60
32116.10
28778.00
41479.50
25.04%44.14%Property, Plant & Equipment (Net)
$91.30
105.40
160.40
195.40
202.70
377.60
412.20
436.90
860.90
824.60
859.40
922.90
1126.70
936.40
1090.70
23.29%16.48%Goodwill & Intangibles
$1716.80
2282.30
3224.00
5225.60
5361.70
5395.10
5842.50
6398.60
7937.20
8526.90
12620.20
12861.50
16108.90
13107.30
16153.80
20.51%23.24%Other Assets
$476.00
535.10
600.50
777.80
1013.60
1300.80
1472.10
1379.80
1719.20
1855.70
2195.00
2288.80
2264.10
2272.70
2251.90
13.88%-0.92%Assets (Non-current)
$2284.10
2922.80
3984.90
6198.80
6578.00
7073.50
7726.80
8215.30
10517.30
11207.20
15674.60
16073.20
19499.70
16316.40
19496.40
19.57%19.49%Assets (Total)
$4483.50
5352.30
6860.50
10010.00
10913.80
11489.60
12897.40
16334.00
19634.80
22331.40
33345.00
38907.80
51615.80
45094.40
60975.90
22.58%35.22%Debt (Current)
$10.00
129.00
630.50
140.00
245.00
578.00
290.00
365.00
620.00
75.00
245.00
310.00
670.00
675.00
108.20
41.96%-83.97%Other Liabilities (Current)
$2063.60
2233.90
2654.30
3502.70
3946.70
4033.70
4622.30
7328.60
8301.00
10060.00
16490.00
21578.00
30394.70
26420.70
39528.30
25.13%49.61%Liabilities (Current)
$2073.60
2362.90
3284.80
3642.70
4191.70
4611.70
4912.30
7693.60
8921.00
10135.00
16735.00
21888.00
31064.70
27095.70
39636.50
25.30%46.28%Debt (Non-current)
$675.00
725.00
825.00
2125.00
2075.00
2144.60
2691.90
3091.40
4157.00
4266.00
5810.20
5562.80
7006.00
6022.10
7989.60
21.53%32.67%Other Liabilities
$491.30
605.80
665.20
1012.90
958.90
1077.50
1128.30
979.30
1341.30
1697.70
2239.70
2266.80
2729.80
2118.30
2005.60
15.36%-5.32%Liabilities (Non-current)
$1166.30
1330.80
1490.20
3137.90
3033.90
3222.10
3820.20
4070.70
5498.30
5963.70
8049.90
7829.60
9735.80
8140.40
9995.20
19.34%22.79%Liabilities (Total)
$3239.90
3693.70
4775.00
6780.60
7225.60
7833.80
8732.50
11764.30
14419.30
16098.70
24784.90
29717.60
40800.50
35236.10
49631.70
23.50%40.85%Retained Earnings
$482.90
510.40
596.40
676.00
774.50
916.40
1095.90
1558.60
1901.30
2371.70
2882.30
3562.20
4052.90
3930.20
4529.30
19.40%15.24%AOCI
$-47.20
-32.80
-2.60
-260.60
-522.50
-763.60
-559.90
-785.60
-759.60
-643.60
-726.10
-1140.40
-792.10
-1101.40
-949.00
13.84%Shareholder's Equity
$1243.60
1658.60
2085.50
3229.40
3688.20
3655.80
4164.90
4569.70
5215.50
6232.70
8560.10
9190.20
10815.30
9858.30
11344.20
19.75%15.07%Liabilities & Equity
$4483.50
5352.30
6860.50
10010.00
10913.80
11489.60
12897.40
16334.00
19634.80
22331.40
33345.00
38907.80
51615.80
45094.40
60975.90
22.58%35.22%Net Income/Loss
$
356.80
445.00
499.20
675.90
715.80
858.10
955.00
1116.00
966.00
486.60
612.70
25.91%Depreciation & Amortization
$115.20
140.40
178.60
258.90
334.20
350.80
385.80
419.00
474.40
562.40
566.30
599.60
696.50
159.40
207.70
16.18%30.30%Increase/Decrease in Working Capital
$46.70
-57.10
80.20
283.60
106.60
148.40
127.00
-419.40
-292.10
-1000.40
155.70
-5126.70
584.10
581.00
441.00
23.43%-24.10%Share-based Compensation
$14.30
7.50
7.70
10.60
11.20
14.70
17.30
13.70
14.00
13.60
13.40
24.40
31.40
3.80
11.10
6.77%192.11%Adjustments to Reconcile Net Income
$99.90
238.20
139.90
161.00
295.80
177.10
355.00
89.20
403.40
894.40
749.10
1009.40
1065.70
-58.10
176.60
21.81%403.96%Net Cash (Operating)
$283.10
343.00
349.90
402.30
652.60
622.10
854.20
765.10
1119.20
1752.50
1704.10
2125.40
2031.70
428.50
789.30
17.85%84.20%Capital Expenditure
$304.30
395.10
821.30
1999.80
441.30
545.10
187.10
189.00
138.80
99.30
128.60
182.70
193.60
29.70
29.70
-3.70%0.00%Net Cash (Investing)
$-307.30
-382.20
-851.70
-2011.70
-461.60
-569.20
-511.00
-910.30
-1376.60
-416.80
-3431.70
-1004.80
-3293.00
-256.60
-191.90
25.21%Increase/Decrease in Debt
$135.00
169.00
601.50
817.00
78.90
396.80
260.60
507.90
980.00
-95.10
1722.00
15.00
185.00
-60.00
-136.80
2.66%-128.00%Increase/Decrease in Equity
$72.70
80.80
76.20
997.00
203.30
-55.40
42.80
69.30
97.30
110.60
1525.40
123.10
120.20
30.30
52.00
4.28%71.62%Interest Expenses
$38.40
42.20
49.20
82.50
103.90
112.80
124.80
139.20
Dividends Paid
$145.80
204.40
182.60
223.10
257.50
272.20
282.70
301.80
321.10
347.40
392.00
429.50
473.60
117.40
130.70
10.32%11.33%Net Cash (Financing)
$65.60
45.90
502.60
1597.80
-9.90
33.90
-47.80
162.00
638.40
-505.10
2684.10
-522.80
2873.90
958.10
-5.40
37.02%-100.56%Cash Taxes Paid
$32.00
47.50
49.20
72.90
78.30
66.10
55.80
68.10
Effect of Exchange Rate
$
4.20
-4.80
27.90
-15.10
-21.70
72.00
-85.00
6.10
119.80
-64.50
-99.90
-33.50
-3.20
-54.50
-1603.12%Increase/Decrease in Cash
$41.40
10.90
-4.00
16.30
166.00
65.10
367.40
-68.20
387.10
950.40
892.00
497.90
1579.10
1126.80
537.50
35.45%-52.30%Cash (Beginning)
$249.80
291.20
302.10
298.10
314.40
480.40
1937.60
2305.00
2236.80
2623.90
3574.30
4466.30
4964.20
4964.20
6543.30
28.29%31.81%Cash (Ending)
$291.20
302.10
298.10
314.40
480.40
545.50
2305.00
2236.80
2623.90
3574.30
4466.30
4964.20
6543.30
6091.00
7080.80
29.61%16.25%NOPAT
$175.80
197.80
225.30
303.40
389.10
445.00
499.20
675.90
715.80
858.10
955.00
1116.00
966.00
486.60
612.70
15.26%25.91%Gross Margin %
98.50%
95.57%
86.25%
77.11%
74.94%
74.82%
73.44%
73.81%
81.20%
87.41%
85.71%
99.73%
Operating Margin %
9.73%
9.73%
8.63%
5.78%
5.44%
6.38%
6.14%
6.91%
8.70%
12.44%
11.88%
15.52%
11.77%
22.39%
23.73%
NOPAT Margin %
8.24%
7.85%
7.09%
6.56%
7.22%
7.95%
8.10%
9.75%
9.95%
12.25%
11.63%
13.05%
9.59%
17.98%
18.81%
Net Margin %
6.75%
7.74%
8.45%
6.56%
6.62%
7.41%
7.52%
9.14%
9.30%
11.69%
11.05%
13.03%
9.63%
17.98%
18.68%
Tax Rate %
15.40%
19.36%
17.92%
-13.46%
-32.57%
-24.68%
-32.03%
-40.99%
-14.33%
1.47%
2.06%
15.90%
18.49%
19.68%
20.71%
ROA
3.92%
3.70%
3.28%
3.03%
3.57%
3.87%
3.87%
4.14%
3.65%
3.84%
2.86%
2.87%
1.87%
1.08%
1.00%
ROE
14.14%
11.93%
10.80%
9.39%
10.55%
12.17%
11.99%
14.79%
13.72%
13.77%
11.16%
12.14%
8.93%
4.94%
5.40%
ROIC
9.72%
8.28%
6.66%
5.60%
6.99%
7.71%
7.98%
9.89%
8.14%
9.18%
7.08%
8.10%
5.60%
3.46%
3.55%
Asset Turnover
0.48
0.47
0.46
0.46
0.49
0.49
0.48
0.42
0.37
0.31
0.25
0.22
0.20
0.06
0.05
Equity Multiplier
3.61
3.23
3.29
3.10
2.96
3.14
3.10
3.57
3.76
3.58
3.90
4.23
4.77
4.57
5.38
Current Ratio
1.06
1.03
0.88
1.05
1.03
0.96
1.05
1.06
1.02
1.10
1.06
1.04
1.03
1.06
1.05
Quick Ratio
0.97
0.95
0.80
0.86
0.87
0.82
0.91
0.92
0.90
0.99
0.97
0.98
0.15
0.19
0.15
Debt/Equity Ratio
0.55
0.51
0.70
0.70
0.63
0.74
0.72
0.76
0.92
0.70
0.71
0.64
0.71
0.68
0.71
Interest Coverage Ratio
5.41
5.81
5.58
3.24
2.82
3.16
3.03
3.44
Dividend Payout Ratio %
82.94%
103.34%
81.05%
73.53%
66.18%
61.17%
56.63%
44.65%
44.86%
40.48%
41.05%
38.49%
49.03%
24.13%
21.33%
Total Payout
$-23.50
-3.20
-445.90
-1508.40
79.20
43.60
104.10
-136.20
-756.20
331.90
-2855.40
291.40
168.40
147.10
215.50
46.50%Payout Ratio %
-13.37%
-1.62%
-197.91%
-497.17%
20.35%
9.80%
20.85%
-20.15%
-105.64%
38.68%
-298.99%
26.11%
17.43%
30.23%
35.17%