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Arthur J. Gallagher & Co.

ajg.com

Arthur J. Gallagher & Co. (NYSE: AJG) is an insurance brokerage and risk management company that places commercial and personal insurance coverage on behalf of clients and administers claims for self-insured entities. Revenue comes primarily from commissions and fees paid by insurers and clients for brokerage services, with a secondary stream from risk management fees tied to claims administration and loss control services. AJG operates across two reportable segments: Brokerage and Risk Management, as disclosed in its 10-K filed February 17, 2026 (accession 0001628280-26-008662) for the fiscal year ended December 31, 2025. The company is headquartered in Rolling Meadows, Illinois and was founded by Arthur J. Gallagher in 1927. It competes with Marsh & McLennan, Aon, Willis Towers Watson, and a large number of regional and specialty brokers. AJG has pursued an active acquisition strategy to expand its brokerage footprint domestically and internationally.

Products & Services

Commercial property and casualty insurance brokerage, employee benefits brokerage, personal lines insurance placement, claims management, loss control consulting, third-party claims administration for self-insured entities.

Revenue Model

Commission and fee income from placing insurance coverage for clients (Brokerage segment) and fees for claims administration and loss control services for self-insured and captive clients (Risk Management segment).

Customers & Markets

Commercial enterprises, public sector entities, non-profits, and self-insured organizations seeking property/casualty coverage, employee benefits, and claims administration services.

Geographic Exposure

United States (primary market) with international operations; specific revenue mix by geography not supported by available filing excerpts.

Financial Snapshot

Revenue
TTM
$15.75B
Gross Margin
TTM
42.93%
Net Income
TTM
$1.570B
Current Assets
2026 Q2
$45.45B
Current Liabilities
2026 Q2
$43.17B
Current Ratio
2026 Q2
105.28%
Total Assets
2026 Q2
$81.81B
Total Liabilities
2026 Q2
$58.09B
Book Value
2026 Q2
23.72B
Cash
2026 Q2
$1.386B
P/E
TTM
43.84
Free Cash Flow
TTM
$2.287B

Stock Price

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Market Cap: $68.819 Billion

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