Arthur J. Gallagher & Co. (AJG) Financial Statements (2025 and earlier)

Company Profile

Business Address 2850 GOLF ROAD
ROLLING MEADOWS, IL 60008-4050
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  342403665605607
Cash and cash equivalent  342403665605607
Restricted cash and investments1914,6224,0642,9102,0191,630
Receivables3,787     
Derivative instruments and hedges, assets      4
Other current assets4501,4621,4511,1141,0741,024
Other undisclosed current assets27,68916,40911,7536,4365,4194,854
Total current assets:32,11622,83517,67011,1249,1188,119
Noncurrent Assets
Operating lease, right-of-use asset400347359374394
Property, plant and equipment726576501451467437
Intangible assets, net (including goodwill)11,4769,4898,6666,1277,9376,399
Goodwill11,4769,4898,6666,1275,6194,626
Intangible assets, net (excluding goodwill)     2,3191,773
Derivative instruments and hedges      6
Regulated entity, other noncurrent assets     77
Deferred income tax assets1,1321,2991,2291,086 
Other noncurrent assets1,132990967770774574
Other undisclosed noncurrent assets4,6333,3723,9542,400939794
Total noncurrent assets:19,50016,07315,67511,20710,5178,215
TOTAL ASSETS:51,61638,90833,34522,33119,63516,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue645547521476434
Debt67031024575706365
Deferred rent credit      4
Derivative instruments and hedges, liabilities      18
Other undisclosed current liabilities29,75021,03115,9699,5847,7817,307
Total current liabilities:31,06521,88816,73510,1358,9217,694
Noncurrent Liabilities
Long-term debt and lease obligation7,0065,5636,1204,5874,1573,091
Long-term debt, excluding current maturities7,0065,5635,8104,2663,8163,091
Liabilities, other than long-term debt2,7302,2671,9301,3771,341942
Deferred revenue6263596670
Liability, pension and other postretirement and postemployment benefits      33
Other liabilities2,3161,9041,8721,3111,272901
Operating lease, liability352300309321341
Derivative instruments and hedges, liabilities      8
Other undisclosed noncurrent liabilities      37
Total noncurrent liabilities:9,7367,8308,0505,9645,4984,071
Total liabilities:40,80129,71824,78516,09914,41911,764
Equity
Equity, attributable to parent10,7759,1448,5086,1865,1564,499
Common stock217212209194188184
Additional paid in capital7,2986,5106,1444,2643,8263,542
Accumulated other comprehensive loss(792)(1,140)(726)(644)(760)(786)
Retained earnings4,0533,5622,8822,3721,9011,559
Equity, attributable to noncontrolling interest404752476071
Total equity:10,8159,1908,5606,2335,2164,570
TOTAL LIABILITIES AND EQUITY:51,61638,90833,34522,33119,63516,334

Income Statement (P&L) ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,0728,5518,2097,0047,1956,934
Cost of revenue(7,197)(5,893)(6,162)(5,226)(5,500)(5,551)
Cost of product and service sold  (23)(1,173)(882)(1,353)(1,816)
Gross profit:2,8752,6582,0481,7771,6951,383
Operating expenses(1,690)(1,331)(1,072)(907)(1,069)(904)
Operating income:1,1851,327975871626479
Nonoperating income (expense)    (9)6511
Investment income, nonoperating    (6)728
Gain (loss), foreign currency transaction, before tax    (3)(7)3
Interest and debt expense (297)(257)(242)(196)(180)(138)
Other undisclosed income from continuing operations before equity method investments, income taxes    206115127
Income from continuing operations before equity method investments, income taxes:8881,070733871626479
Other undisclosed income from continuing operations before income taxes 297257242   
Income from continuing operations before income taxes:1,1851,327975871626479
Income tax expense (benefit)(219)(211)(20)(13)90197
Income from continuing operations:9661,116955858716676
Income before gain (loss) on sale of properties:955858716676
Net income:9661,116955858716676
Net income (loss) attributable to noncontrolling interest4(2)(48)(39)(47)(42)
Net income available to common stockholders, diluted:9701,114907819669634

Comprehensive Income ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:9661,116955858716676
Other comprehensive income (loss)(7)9945(73)7(6)
Other undisclosed comprehensive income (loss)355(513)(128)18919(218)
Comprehensive income:1,314702873974742452
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(2)(50)(40)(47)(40)
Comprehensive income, net of tax, attributable to parent:1,317700823934695412

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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