Zacks Investment Research·Jun 26, 2026
ETOR vs. AJG: Which Stock Is the Better Value Option?Investors looking for stocks in the Insurance - Brokerage sector might want to consider either eToro Group Ltd. (ETOR) or Arthur J.
Arthur J. Gallagher & Co.(AJG)Earnings, Financials & Key Ratios
AJG•NYSE•Insurance & Managed Care
$254.67
44.3× P/E·Price updated Jul 7, 2026
AboutArthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments. The Brokerage segment consists of retail and wholesale insurance brokerage operations; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverage's to underwriting enterprises. This segment also performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers brokerage and consulting services to businesses and organizations, including commercial, not-for-profit, and public entities, as well as individuals in the areas of insurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services to enterprises and public entities; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent insurance brokers and consultants. It serves commercial, industrial, public, religious, and not-for-profit entities. The company was incorporated in 1927 and is headquartered in Rolling Meadows, Illinois.Show more
- Revenue$13.94B+20.7%
- Combined Ratio81.72%+1.8%
- Net Income$1.49B+2.1%
- Return on Equity6.86%-27.3%
- Medical Cost Ratio45.25%-21.7%
- Operating Margin18.28%-7.4%
- Net Margin10.72%-15.4%
- ROA2.21%-12.3%
- Equity / Assets33.04%+5.2%
AJG Price & Volume
Arthur J. Gallagher & Co. (AJG) stock price & volume — 10-year historical chart
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Aggressive Acquisition Strategy Drives Revenue Growth Inflection
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Acquisition integration and leverage
Key Thesis Takeaways
- Arthur J.
- Gallagher & Co.
- is successfully leveraging an aggressive M&A strategy to capture market share, evidenced by a 27.6% revenue growth rate in 2026Q1.
- While the firm's pivot into reinsurance markets appears to be driving significant net income, investors should monitor the volatility in underwriting cash flows and the concentration of intangible assets on the balance sheet.
- The company's ability to maintain a 74.4% combined ratio suggests operational resilience, though the decoupling of statutory earnings from cash generation warrants continued scrutiny.
Verdict Logic
while the firm demonstrates strong top-line momentum with 27.6% revenue growth, the extreme volatility in the OCF/NI ratio, which reached a negative 21.54 in 2023Q4, suggests that investors should exercise caution regarding the quality of reported earnings.
AJG Growth Metrics
Arthur J. Gallagher & Co. (AJG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.96%
5 Years14.74%
3 Years17.7%
TTM24.5%
Profit CAGR
10 Years15.4%
5 Years12.78%
3 Years10.27%
TTM3.39%
EPS CAGR
10 Years10.81%
5 Years6.48%
3 Years3.47%
TTM-4.77%
Return on Capital
10 Years8.24%
5 Years8.86%
3 Years8.36%
Last Year6.97%
AJG Recent Earnings
Arthur J. Gallagher & Co. (AJG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$4.47+0.9%
$4.43
Rev
$4.7B-0.3%
$4.7B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.38+1.3%
$2.35
Rev
$3.6B-0.3%
$3.6B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$2.32-7.6%
$2.51
Rev
$3.4B+0.9%
$3.3B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$2.33-1.3%
$2.36
Rev
$3.2B+0.5%
$3.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $4.47vs $4.43+0.9% | $4.7Bvs $4.7B-0.3% |
| Q1 2026 | Jan 29, 2026 | $2.38vs $2.35+1.3% | $3.6Bvs $3.6B-0.3% |
| Q4 2025 | Oct 30, 2025 | $2.32vs $2.51-7.6% | $3.4Bvs $3.3B+0.9% |
| Q3 2025 | Jul 31, 2025 | $2.33vs $2.36-1.3% | $3.2Bvs $3.2B+0.5% |
Based on last 12 quarters of dataView full earnings history →
Latest AJG News
Recent stock market news and headlines for Arthur J. Gallagher & Co. (AJG)
Zacks Investment Research·Jun 24, 2026
AJG Expands Its Employee Benefits Segment With Cincinnati AcquisitionArthur J. Gallagher expands its employee benefits platform with a Cincinnati-based acquisition, adding scale in a recurring-revenue business.
PRNewsWire·Jun 23, 2026
Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions, LLCROLLING MEADOWS, Ill., June 23, 2026 /PRNewswire/ -- Arthur J.
Seeking Alpha·Jun 17, 2026
Arthur J. Gallagher & Co. (AJG) Discusses Strategic Pillars, Growth Drivers and Financial Outlook TranscriptArthur J. Gallagher & Co. (AJG) Discusses Strategic Pillars, Growth Drivers and Financial Outlook Transcript
Peers Comparison
Key metrics vs top competitors for Arthur J. Gallagher & Co. (AJG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $254.67 | $65.44B | 44.29 | 20.66% | 10.72% | 6.86% | 1.01% | |
| $174.06 | $85.27B | 21.28 | 7.57% | 15.6% | 26.87% | — | |
| $359.82 | $77.09B | 21.14 | 9.45% | 22.54% | 44.16% | — | |
| $293.90 | $27.71B | 18.08 | -2.24% | 16.84% | 20.77% | — | |
| $69.27 | $23.58B | 21.92 | 26.59% | 17.87% | 9.33% | — | |
| $41.58 | $5.39B | 88.47 | 21.28% | 4.17% | 10.77% | — |
Compare AJG vs Peers
Arthur J. Gallagher & Co. (AJG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AJG SEC Filings & Documents
Arthur J. Gallagher & Co. (AJG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 17, 2026·SEC
Material company update
May 13, 2026·SEC
Material company update
Apr 30, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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AJG Frequently Asked Questions
Arthur J. Gallagher & Co. (AJG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Arthur J. Gallagher & Co. growing?
Arthur J. Gallagher & Co. (AJG) grew revenue by 20.7% over the past year. This is strong growth.
Is AJG profitable?
Yes, Arthur J. Gallagher & Co. (AJG) is profitable, generating $1.61B in net income for fiscal year 2025 (10.7% net margin).
Dividend & Returns
Does AJG pay dividends?
Yes, Arthur J. Gallagher & Co. (AJG) pays a dividend with a yield of 1.01%. This makes it attractive for income-focused investors.
What is AJG's return on equity?
Arthur J. Gallagher & Co. (AJG) has a return on equity (ROE) of 6.9%. This is below average, suggesting room for improvement.
Industry Metrics
What is Arthur J. Gallagher & Co.'s combined ratio?
Arthur J. Gallagher & Co. (AJG) has a combined ratio of 81.7%. A ratio below 100% indicates underwriting profitability.