AJG Arthur J. Gallagher & Co.

FY2025 10-K
Filed: Feb 17, 2026
Financials
Insurance Agents, Brokers & ServiceSEC EDGAR

Arthur J. Gallagher & Co. (AJG) filed its fiscal year 2025 10-K annual report with the SEC on Feb 17, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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%
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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
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Financial Summary
XBRL

Revenue

$13.9B

Net Income

$1.5B

Net Margin

10.7%

ROE

6.4%

Total Assets

$70.7B

EPS (Diluted)

$5.74

Operating Cash Flow

$1.9B

Source: XBRL data from Arthur J. Gallagher & Co. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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