Full text
Earnings transcript
Read the complete earnings call transcript.
AJG
Arthur J. Gallagher & Co.
$224.41
7.36
(3.39%)
| Exchange: | NYSE |
| Market Cap: | 57.66B |
| Shares Outstanding: | 35.357M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Brokers | |||||
| CEO: | J. Patrick Gallagher Jr. | |||||
| Full Time Employees: | 72000 | |||||
| Address: |
| |||||
| Website: | https://www.ajg.com |
Arthur J. Gallagher & Co., alongside its various subsidiaries, operates globally, providing a wide array of services that encompass insurance brokerage, expert consulting, and outsourced claims settlement and administration. Its geographic reach extends across the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. The company’s business model is divided into two primary segments: Brokerage and Risk Management. The Brokerage division manages both retail and wholesale insurance operations. It also supports other brokers, including independent ones, in securing specialized or hard-to-place insurance coverage. This segment functions as a wholesale broker, managing general agent (MGA), and managing general underwriter (MGU) to distribute tailored insurance products to underwriting firms. Key activities within this segment include marketing, underwriting, policy issuance, premium collection, agent recruitment and supervision, claims payment, and reinsurance negotiations. It delivers essential brokerage and consulting solutions to a diverse client base, from commercial businesses, non-profit organizations, and public entities to individuals, specializing in insurance placement, managing loss exposure, and overseeing employer-sponsored benefit programs. The Risk Management segment focuses on offering contract-based claims settlement and administration services to businesses and public sector organizations. Its services also include comprehensive claims management, specialized loss control consulting, and independent insurance property appraisals. Arthur J. Gallagher & Co. delivers its extensive services through a broad network of associated insurance brokers and consultants. Its clientele is varied, serving commercial, industrial, public, religious, and non-profit organizations. The company was founded in 1927 and maintains its corporate headquarters in Rolling Meadows, Illinois.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 10,071,900 | 11,554,900 | 13,941,800 |
| Gross Profit | 4,245,300 | 4,878,300 | 7,633,300 |
| EBITDA | 2,178,300 | 3,098,400 | 3,661,200 |
| Operating Income | 1,859,100 | 2,282,100 | 2,548,900 |
| Net Income | 969,500 | 1,462,700 | 1,493,900 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 51,615,800 | 64,255,200 | 70,665,000 |
| Total Liabilities | 40,800,500 | 44,075,600 | 47,318,000 |
| Total Stockholders Equity | 10,775,300 | 20,179,600 | 23,321,000 |
| Total Debt | 8,317,200 | 13,485,200 | 14,000,000 |
| Cash and Cash Equivalents | 971,500 | 14,987,300 | 1,396,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,031,700 | 2,582,900 | 0 |
| Capital Expenditure | -193,600 | -141,900 | 0 |
| Free Cash Flow | 1,838,100 | 2,441,000 | 0 |
| Net Income | 966,000 | 1,462,700 | 1,494,000 |
| Net Change in Cash | 1,579,100 | 13,925,300 | -20,468,600 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,039,466.410 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 20,073,297.923 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 20,056,382.167 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 4,880,376.012 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,888,615.278 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 4,884,495.645 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 4,093,563.144 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 4,663,101.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 4,378,332.222 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 10,702,870.869 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 10,720,939.928 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 10,711,905.399 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 16.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 17.910 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 15.720 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: AJG has demonstrated consistent revenue increases as per the Income Statements data, reflecting strong operational performance and market demand for its services in the insurance brokerage and risk management sector. This growth aligns with industry trends in the sector, as indicated by positive industry performance metrics over various timeframes (industry_perf1w, industry_perf1m, etc.).
- Strong Profitability Metrics: Key Metrics data shows a healthy gross profit margin (grossProfitMarginTTM) and net profit margin (netProfitMarginTTM), indicating efficient cost management and profitability compared to industry averages. Additionally, a solid return on equity (roeTTM) underscores effective use of shareholder capital.
- Stable Cash Flow Generation: Cash Flow Statements reveal strong net cash provided by operating activities and positive free cash flow (freeCashFlow), highlighting AJG’s ability to generate liquidity for reinvestment or dividend payments, as evidenced by consistent dividend yields (dividendYieldTTM).
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AJG intrinsic value between $160.42 – $234.58 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about AJG valuation
Is Arthur J. Gallagher & Co. (AJG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Arthur J. Gallagher & Co. (AJG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AJG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AJG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AJG’s P/E ratio?
You can see AJG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AJG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AJG a good long-term investment?
Whether AJG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AJG
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
3.39
Trading Metrics:
| Open: | 219.19 | Previous Close: | 217.05 | |
| Day Low: | 215.89 | Day High: | 224.78 | |
| Year Low: | 190.75 | Year High: | 327.34 | |
| Price Avg 50: | 210.39 | Price Avg 200: | 246.58 | |
| Volume: | 368519 | Average Volume: | 1.95M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeAJG full analysis
Welcome to MARKETSNAP’s SWOT analysis for Arthur J. Gallagher & Co., a powerhouse in the insurance brokerage and risk management space. If you’re not familiar with them, let me give you the quick rundown: Arthur J. Gallagher & Co. operates as a global leader in insurance brokerage, consulting, and third-party claims administration, serving clients across various industries. Based in the U.S., they’ve built a solid reputation in the financial services sector, specifically within the insurance industry, helping businesses and individuals…
