ARTHUR J. GALLAGHER & CO.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 13,513 | 36.7 |
| Stockholders' equity | 23,321 | 63.3 |
| Total capitalization | 36,834 | 100.0 |
256,300,000 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 12,873 |
| Long-term debt, noncurrent | 12,104 |
| Short-term borrowings / commercial paper | 640 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 400,000,000 |
| Common shares issued | 257,000,000 |
| Outstanding at 6/30/26 | 256,300,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.60 | 45.3 |
| 2024 | 2.40 | 36.9 |
| 2023 | 2.20 | 49.8 |
| 2022 | 2.04 | 39.3 |
| 2021 | 1.92 | 43.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as GALLAGHER ARTHUR J & CO (to 14 August 2019).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6411, Insurance Agents, Brokers & Service. Large accelerated filer. Principal executive office: 2850 Golf Road, Rolling Meadows, IL 60008-4050. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 13,942 | 11,555 | 10,072 |
| Income before income taxes | 1,871 | 1,875 | 1,185 |
| Income taxes | 368 | 404 | 219 |
| Net income | 1,494 | 1,463 | 970 |
| Earned per share, diluted ($) | 5.74 | 6.50 | 4.42 |
| Dividends per share ($) | 2.60 | 2.40 | 2.20 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total assets | 70,665 | 64,255 |
| Debt | 12,873 | 23 |
| Total liabilities | 47,318 | 44,075 |
| Stockholders' equity | 23,321 | 20,154 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 13,942 | – | 1,494 | 10.7 | 5.74 | 2.60 | 1,930 | 70,665 | 47,318 | 13,513 | – | 23,321 | 6.4 | 0.58 |
| 12/31/24 | 11,555 | – | 1,463 | 12.7 | 6.50 | 2.40 | 2,583 | 64,255 | 44,075 | 223 | – | 20,154 | 7.3 | 0.01 |
| 12/31/23 | 10,072 | – | 970 | 9.6 | 4.42 | 2.20 | 2,032 | 51,616 | 40,800 | 694 | – | 10,775 | 9.0 | 0.06 |
| 12/31/22 | 8,551 | – | 1,114 | 13.0 | 5.19 | 2.04 | 1,390 | 38,358 | 29,168 | 327 | – | 9,144 | 12.2 | 0.04 |
| 12/31/21 | 8,209 | – | 907 | 11.0 | 4.37 | 1.92 | 1,392 | 33,236 | 24,785 | 268 | – | 8,508 | 10.7 | 0.03 |
| 12/31/20 | 7,004 | – | 819 | 11.7 | 4.20 | 1.80 | 1,807 | 22,331 | 16,099 | 95 | – | 6,186 | 13.2 | 0.02 |
| 12/31/19 | 7,195 | – | 669 | 9.3 | 3.52 | 1.72 | 1,191 | 19,635 | 14,419 | 638 | – | 5,156 | 13.0 | 0.12 |
| 12/31/18 | 6,934 | – | 634 | 9.1 | 3.40 | 1.64 | 765 | 16,334 | 11,764 | 385 | – | 4,499 | 14.1 | 0.09 |
| 12/31/17 | 6,160 | – | 481 | 7.8 | 2.64 | 1.56 | 854 | 14,910 | 10,610 | 310 | – | 4,236 | 11.4 | 0.07 |
| 12/31/16 | 5,595 | – | 397 | 7.1 | 2.22 | 1.52 | 650 | 13,528 | 7,834 | 605 | – | 3,597 | 11.0 | 0.17 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Arthur J. Gallagher & Co.
CIK 354190 · EIN 36-2151613
PRINCIPAL OFFICE:
2850 Golf Road, Rolling Meadows, IL 60008-4050
Tel.: 630-773-3800
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6411 · Insurance Agents, Brokers & Service
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 17 February 2026
FORMER NAMES:
GALLAGHER ARTHUR J & CO
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/17/26) · 10-K FY2024 (filed 2/18/25) · 10-K FY2023 (filed 2/9/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/18/22) · 10-K FY2020 (filed 2/8/21) · 10-K FY2019 (filed 2/7/20) · 10-K FY2018 (filed 2/8/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.