AJG at a glance
Arthur J. Gallagher & Co. (AJG, SEC CIK 354190) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 27, 2026 and Form 4 insider filings as recently as September 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Arthur J. Gallagher & Co. (AJG) reported revenue of $13.9 billion (up 20.7% from FY2024) and net income of $1.5 billion. Diluted EPS was $5.74.
- As of June 30, 2026, 47 institutional investment managers tracked by SignalX reported holding Arthur J. Gallagher & Co. (AJG) shares worth $26.6 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by CARY RICHARD C on September 15, 2026 of 1,000 shares at $252.86 per share.
- In the last 90 days, AJG insiders reported 0 open-market purchases ($0) and 4 open-market sales ($7.6M) on Form 4, a net sale of $7.6M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $13.9B
- +20.7% vs prior year
- Insiders · 90 days
- 0 buys · 4 sells
- Net −$7.6M
- 13F holders
- 47 funds
- $26.6B · −1 vs prior quarter
- Latest 8-K
- Aug 27, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business insurance and risk solutions brokerage and administration services globally with 87% revenue from brokerage, 13% risk management
- Completed large tuck-in acquisitions Woodruff Sawyer and AssuredPartners in 2025 to expand brokerage segment
- Geographic footprint includes 1,050+ offices across U.S., Australia, Canada, New Zealand, U.K., Bermuda, plus 130 countries coverage
- Employee base grew to approximately 72,000, with 53% outside U.S., total compensation expense $7.63B up with segment revenue growth
- Market capitalization approx. $67 billion at Dec 31, 2025, ranked world’s 3rd largest insurance broker by revenue per 2025 Business Insurance data
Risk Factors
- Regulatory/legal risk: Violations of FCPA or U.K. Bribery Act in acquisitions exposing to legal liabilities and regulatory scrutiny
- Geopolitical risk: Exposure to instability in Ukraine, Middle East, Latin America impacting client insurance and consulting demand
- Operational risk: Integration complexities and cultural risks from large acquisitions like AssuredPartners potentially reducing benefits and increasing costs
- Competitive risk: Technology disruption from Insurtech startups and AI-enabled competitors could erode client relationships and growth
- Financial risk: Significant receivables concentration from underwriting enterprises facing liquidity issues could delay payments and trigger E&O claims
Management Discussion & Analysis
- Revenue $13.8B total, up 21% YoY from $11.4B; Brokerage up 23% to $12.2B, Risk Management up 9% to $1.6B (both GAAP)
- Adjusted net earnings $2.8B up 23% YoY; Brokerage adjusted EBITDAC margin 36.5% vs 35.1% in 2024, Risk adjusted EBITDAC margin 21.2% vs 20.7%
- Best performer Brokerage Segment: revenue $12.2B, net earnings $2.0B; Worst performer Corporate Segment: net loss $(583)M adjusted
- Capital allocation: $8.5B equity and $5.0B notes raised in 2024 for AssuredPartners acquisition ($13.8B total); Woodruff Sawyer bought for $1.2B cash; no dividend/buyback details
- 2026 outlook: management expects continued organic growth; risks include insurance market rate pressure, inflation, and clean energy investment losses expected to continue
AI summary of the AJG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Brokerage revenue $3,502M, up 26% YoY from $2,787M
- Brokerage net earnings margin 12.9% vs 18.3%; adjusted EBITDAC margin 33.3% vs 36.1%
- Risk Management revenue $453M, up 16% YoY; adjusted EBITDAC margin 22.3% vs 20.9%
- Best-performing segment Risk Management, adjusted EBITDAC $101M, up 22% YoY
- U.S. commercial property/casualty rates decreased 1.2%; carrier competition and elevated casualty loss trends remain headwinds
Risk Factors
- No material changes disclosed; 2025 Form 10-K risk factors remain applicable
- No newly added risk factor identified in the provided section
- Deferred-compensation trust assets exposed to creditor claims upon financial insolvency
- Repurchase-plan execution subject to market conditions and applicable legal requirements
- $1.5 billion authorized repurchase plan with $1,020 million remaining availability
AI summary of the AJG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Controller and Chief Accounting Officer Richard C. Cary stepping down September 30, 2026 after nearly 30 years as Controller
- Cary remaining Corporate Vice President–Accounting through expected retirement in 2028, supporting transition continuity
Item 2.02: Results of Operations and Financial Condition
- Earnings release covers quarter ended June 30, 2026
- Exhibit 99.1 contains Arthur J. Gallagher’s detailed financial results
Item 7.01: Regulation FD Disclosure
- Supplemental Quarterly Data and CFO Commentary made available on AJG’s investor relations website
- CFO Commentary includes estimates for 2026 and future results, providing management’s forward-looking outlook
Item 8.01: Other Events
- David Johnson, Lead Independent Director, died July 22, 2026
- Board reduced from nine to eight members on July 23, 2026
Item EX-99.1: Item EX-99.1
- Director David Johnson, Lead Independent Director, passed away on July 29, 2026
- Board reduced to eight members following Johnson’s death
AI summaries of AJG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AJG
Don't miss the next AJG filing
- Alerts as it files. A push when AJG files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut AJG, by share count.
- Ask anything. An AI agent that reads every AJG filing and answers with sources.
AJG alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| CARY RICHARD C | Sell | Sep 15, 2026 | 1,000 | $252.86 |
| Gallagher Patrick Murphy | G | Sep 8, 2026 | 49,988 | - |
| GALLAGHER J PATRICK JR | G | Sep 8, 2026 | 49,988 | - |
| Hudson Scott R | Sell | Sep 2, 2026 | 12,000 | $264.13 |
| Hudson Scott R | M | Sep 2, 2026 | 12,000 | $86.17 |
| Hudson Scott R | M | Sep 2, 2026 | 12,000 | - |
| Miskel Christopher C. | A | Sep 1, 2026 | 152.672 | $262.00 |
| Bay Walter D. | Sell | Aug 24, 2026 | 12,000 | $270.08 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $10.1B | $11.6B | $13.9B | |
| Net Income | $969.5M | $1.5B | $1.5B | |
| Net Margin | 9.6% | 12.7% | 10.7% | |
| Balance Sheet | ||||
| Total Assets | $51.6B | $64.3B | $70.7B | |
| Equity | $10.8B | $20.2B | $23.3B | |
| ROE | 9.0% | 7.3% | 6.4% | |
| Per Share | ||||
| EPS | $4.42 | $6.50 | $5.74 | |
| Cash Flow | ||||
| Operating CF | $2.0B | $2.6B | $1.9B | |
Source: XBRL data in Arthur J. Gallagher & Co. (AJG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AJG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 47 | $26.63B |
| Q1 2026 | 48 | $25.60B |
| Q4 2025 | 46 | $31.71B |
| Q3 2025 | 48 | $43.15B |
| Q2 2025 | 45 | $36.92B |
| Q1 2025 | 42 | $32.97B |
| Q4 2024 | 40 | $19.67B |
| Q3 2024 | 34 | $5.25B |
- FMR LLC (Fidelity)+4.02M (+28%)
- Goldman Sachs Group+864.8K (+44%)
- BlackRock+515.1K (+3%)
- State Street Corp+329.9K (+3%)
- Franklin Resources+265.0K (+14%)
- JPMorgan Chase & Co−5.21M (-27%)
- Morgan Stanley−1.46M (-36%)
- Citadel Advisors LLC−651.9K (-85%)
- Bank of America Corp−313.5K (-17%)
- WESTWOOD HOLDINGS GROUP INC−149.8K (-89%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 350 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AJG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 8-K | Aug 27, 2026 | - | Analysis | - |
| 4 | Aug 26, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jun 24, 2026 | - | - | - |
| 8-K | Jun 17, 2026 | - | Analysis | - |
| 4 | May 28, 2026 | - | - | |
| 4 | May 28, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - |
Related Financials companies
- AON · Aon plcInsurance Agents, Brokers & Service
- BWIN · Baldwin Insurance Group, Inc.Insurance Agents, Brokers & Service
- BRO · Brown & BrownInsurance Agents, Brokers & Service
- CRVL · CORVEL CORPInsurance Agents, Brokers & Service
- EHTH · eHealth, Inc.Insurance Agents, Brokers & Service
- ACT · Enact Holdings, Inc.Insurance Agents, Brokers & Service
- EQH · Equitable Holdings IncInsurance Agents, Brokers & Service
- ERIE · Erie IndemnityInsurance Agents, Brokers & Service
AJG SEC filings: frequently asked questions
Are AJG insiders buying or selling?
In the last 90 days, Arthur J. Gallagher & Co. (AJG) officers, directors and 10% owners reported no open-market purchases and 4 open-market sales worth $7.6 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AJG stock?
As of June 30, 2026, the largest Arthur J. Gallagher & Co. (AJG) holders among the 13F filers tracked by SignalX were BlackRock ($4.6 billion), FMR LLC (Fidelity) ($4.3 billion), Vanguard Capital Management LLC ($3.9 billion), JPMorgan Chase & Co ($3.3 billion), Vanguard Portfolio Management LLC ($2.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AJG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Arthur J. Gallagher & Co. (AJG) reported revenue of $13.9 billion (up 20.7% from FY2024) and net income of $1.5 billion. Diluted EPS was $5.74. The figures come from the XBRL data in the 10-K.
What are the main risks in AJG's latest 10-K?
In the 10-K filed February 17, 2026, Arthur J. Gallagher & Co. (AJG) flagged: Regulatory/legal risk: Violations of FCPA or U.K. Bribery Act in acquisitions exposing to legal liabilities and regulatory scrutiny. Geopolitical risk: Exposure to instability in Ukraine, Middle East, Latin America impacting client insurance and consulting demand. (AI summary of the Risk Factors section.)
What did AJG report in its latest 8-K?
Arthur J. Gallagher & Co. (AJG) filed an 8-K on August 27, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Controller and Chief Accounting Officer Richard C. Cary stepping down September 30, 2026 after nearly 30 years as Controller.
What are the latest AJG SEC filings?
Arthur J. Gallagher & Co. (AJG) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 27, 2026 and a Form 4 insider filing on September 17, 2026.
What is AJG's SEC CIK number?
Arthur J. Gallagher & Co. (AJG)'s SEC Central Index Key (CIK) is 354190. EDGAR lists every AJG filing under that number.
Ask anything about AJG
The research agent reads AJG's filings, financials, insider trades and 13F holders, then answers with sources.