Arthur J. Gallagher & Co. (AJG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 78.3B | 70.67B | 79.07B | 80.12B | 74.1B | 64.26B | 57.24B | 63.01B | 60.98B | 51.62B | 53.2B | 54.37B | 45.09B | 38.36B | 38.67B | 39.99B | 43.16B | 33.34B | 26.92B | 27.82B |
| Asset Growth % | 5.68% | 9.98% | 38.13% | 27.16% | 21.52% | 24.49% | 7.59% | 15.9% | 35.22% | 34.56% | 37.59% | 35.95% | 4.48% | 15.03% | 43.66% | 43.76% | 76.79% | 49.32% | 23.38% | 30.56% |
| Total Investment Assets | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40M | 16.6M | 60M | 0 | 59M | 34.8M | 29.5M | 3.4M | 20M | 17.1M |
| Short-Term Investments | 0 | 0 | 12.2M | 26.6M | 10.4M | 6.2M | 20.1M | 4.9M | 3.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 42.02B | 34.36B | 43.01B | 57.84B | 53.44B | 44.11B | 37.28B | 43.31B | 41.48B | 32.12B | 35.94B | 36.85B | 28.78B | 22.29B | 23.8B | 24.74B | 27.52B | 17.67B | 15.14B | 15.94B |
| Cash & Equivalents | 1.41B | 1.4B | 1.4B | 14.3B | 16.69B | 14.99B | 2.02B | 1.42B | 1.76B | 971.5M | 1.03B | 952.3M | 1.55B | 738.4M | 553.7M | 523.6M | 528.6M | 402.6M | 2.74B | 3.2B |
| Receivables | 5.96B | 5.17B | 5.43B | 4.74B | 4.52B | 3.9B | 3.99B | 4.18B | 4.15B | 3.79B | 3.77B | 3.72B | 3.53B | 2.91B | 17.73B | 19.22B | 22.17B | 12.39B | 8.41B | 8.91B |
| Other Current Assets | 34.65B | 27.79B | 36.17B | 38.8B | 32.23B | 25.23B | 31.25B | 37.72B | 35.57B | 27.36B | 31.14B | 32.18B | 23.7B | 17.89B | 4.81B | 4.36B | 4.19B | 4.19B | 3.35B | 3.25B |
| Goodwill & Intangibles | 33.32B | 33.28B | 32.97B | 18.87B | 17.25B | 16.8B | 16.55B | 16.3B | 16.15B | 16.11B | 14.05B | 14.23B | 13.11B | 12.86B | 11.89B | 12.23B | 12.61B | 12.62B | 8.97B | 9.08B |
| Goodwill | 22.96B | 22.59B | 22.21B | 13.74B | 12.71B | 12.27B | 12.19B | 11.92B | 11.53B | 11.48B | 10.47B | 10.51B | 9.7B | 9.49B | 8.84B | 9.04B | 8.73B | 8.67B | 6.63B | 6.63B |
| Intangible Assets | 10.37B | 10.68B | 10.75B | 5.13B | 4.53B | 4.53B | 4.35B | 4.39B | 4.62B | 4.63B | 3.58B | 3.72B | 3.4B | 3.37B | 3.05B | 3.19B | 3.88B | 3.95B | 2.34B | 2.45B |
| PP&E (Net) | 1.35B | 1.39B | 1.43B | 1.15B | 1.02B | 1.03B | 1.03B | 1.04B | 1.09B | 1.13B | 1.02B | 1.02B | 936.4M | 922.9M | 909.2M | 932.8M | 887.3M | 859.4M | 784.8M | 813.2M |
| Other Assets | 1.57B | 1.6B | 1.63B | 1.57B | 1.49B | 1.35B | 1.36B | 1.31B | 1.2B | 1.13B | 1.05B | 1.09B | 968.6M | 933.2M | 875.4M | 914.3M | 950.7M | 963.1M | 834.8M | 843.7M |
| Total Liabilities | 54.5B | 47.32B | 55.83B | 57.07B | 51.74B | 44.08B | 45.03B | 51.41B | 49.63B | 40.8B | 42.69B | 43.93B | 35.24B | 29.17B | 30.04B | 31.13B | 34.12B | 24.78B | 18.45B | 19.46B |
| Total Debt | 1.14B | 14B | 13.69B | 13.3B | 13.41B | 13.49B | 8.58B | 8.61B | 8.62B | 8.32B | 7.05B | 7.47B | 7.17B | 6.42B | 6.55B | 6.76B | 6.52B | 6.59B | 5.79B | 6.38B |
| Net Debt | -274M | 12.6B | 12.29B | -1B | -3.28B | -1.5B | 6.56B | 7.2B | 6.86B | 7.35B | 6.02B | 6.51B | 5.62B | 5.68B | 6B | 6.24B | 5.99B | 6.19B | 3.05B | 3.18B |
| Long-Term Debt | 499M | 12.62B | 12.1B | 12.1B | 12.42B | 12.73B | 7.79B | 7.79B | 7.99B | 7.01B | 6.02B | 6.02B | 6.02B | 5.56B | 5.56B | 5.56B | 5.76B | 5.81B | 5.07B | 5.71B |
| Short-Term Debt | 640M | 866M | 1.01B | 797.2M | 667.8M | 425.2M | 459.9M | 487.8M | 292.5M | 959M | 704M | 1.11B | 834.8M | 551.9M | 685.4M | 887.2M | 423.4M | 473.4M | 434.1M | 366.1M |
| Total Current Liabilities | 39.53B | 32.52B | 40.76B | 42.54B | 37.04B | 29.26B | 35.2B | 41.61B | 39.64B | 31.06B | 34.47B | 35.59B | 27.1B | 21.34B | 22.46B | 23.5B | 26.14B | 16.73B | 11.66B | 12.02B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.7B | 19.27B | 20.38B | 23.18B | 13.85B | 9.16B | 9.72B |
| Deferred Revenue | 809M | 0 | 767.3M | 627.7M | 629.3M | 537.2M | 680.8M | 697.1M | 720.6M | 644.7M | 634M | 656.8M | 626.2M | 546.7M | 525M | 559.3M | 577.8M | 520.9M | 527.1M | 530.1M |
| Other Current Liabilities | 38.08B | 31.65B | 38.99B | 41.11B | 35.74B | 28.3B | 34.06B | 40.42B | 38.62B | 29.46B | 33.14B | 33.82B | 25.63B | 1.54B | 1.97B | 1.68B | 1.97B | 1.9B | 1.54B | 1.41B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 14.47B | -14.03B | 1.5B | 1.96B | 1.89B | 1.69B | 1.65B | 1.61B | 1.6B | 2.32B | 1.81B | 1.92B | 1.74B | 1.9B | 1.66B | 1.69B | 1.81B | 1.87B | 1.37B | 1.37B |
| Total Equity | 23.8B | 23.35B | 23.24B | 23.06B | 22.35B | 20.18B | 12.21B | 11.6B | 11.34B | 10.82B | 10.51B | 10.44B | 9.86B | 9.19B | 8.63B | 8.86B | 9.04B | 8.56B | 8.47B | 8.35B |
| Equity Growth % | 6.48% | 15.7% | 90.32% | 98.77% | 97.05% | 86.58% | 16.17% | 11.1% | 15.07% | 17.68% | 21.8% | 17.81% | 9.01% | 7.36% | 1.88% | 6.08% | 33.39% | 37.34% | 45.58% | 50.94% |
| Shareholders Equity | 23.77B | 23.32B | 23.21B | 23.02B | 22.32B | 20.15B | 12.18B | 11.57B | 11.3B | 10.78B | 10.46B | 10.4B | 9.82B | 9.14B | 8.57B | 8.81B | 8.99B | 8.51B | 8.42B | 8.31B |
| Minority Interest | 27M | 26M | 31.1M | 33.2M | 33.6M | 26.1M | 25.6M | 26.8M | 43.4M | 40M | 46.5M | 44.3M | 40.5M | 46.6M | 55.3M | 53.1M | 53.7M | 51.7M | 49.9M | 41.3M |
| Retained Earnings | 6.45B | 5.81B | 5.82B | 5.72B | 5.52B | 4.99B | 4.86B | 4.68B | 4.53B | 4.05B | 4.21B | 4.05B | 3.93B | 3.56B | 3.54B | 3.39B | 3.21B | 2.88B | 2.87B | 2.75B |
| Common Stock | 257M | 257M | 256.8M | 256.4M | 256.1M | 250M | 219.4M | 219.1M | 218.5M | 216.7M | 215.9M | 215.5M | 214.2M | 211.9M | 210.8M | 210.3M | 210.1M | 208.5M | 207.3M | 206.8M |
| Accumulated OCI | -566M | -525M | -581.3M | -500.3M | -934M | -1.15B | -593.4M | -939.2M | -949M | -792.1M | -1.06B | -882.9M | -1.1B | -1.14B | -1.48B | -1.06B | -665.7M | -726.1M | -623.2M | -530.5M |
| Return on Equity (ROE) | 3.49% | 0.65% | 1.18% | 1.61% | 3.31% | 1.59% | 2.63% | 2.47% | 5.49% | -0.3% | 2.68% | 2.31% | 5.11% | 1.52% | 2.92% | 3.17% | 4.98% | 1.28% | 2.68% | 2.51% |
| Return on Assets (ROA) | 1.1% | 0.2% | 0.34% | 0.47% | 1.02% | 0.43% | 0.52% | 0.46% | 1.08% | -0.06% | 0.52% | 0.47% | 1.17% | 0.35% | 0.65% | 0.68% | 1.15% | 0.36% | 0.82% | 0.73% |
| Equity / Assets | 30.4% | 33.04% | 29.39% | 28.78% | 30.17% | 31.41% | 21.33% | 18.41% | 18.6% | 20.95% | 19.75% | 19.2% | 21.86% | 23.96% | 22.32% | 22.16% | 20.95% | 25.67% | 31.47% | 30.03% |
| Debt / Equity | 0.05x | 0.60x | 0.59x | 0.58x | 0.60x | 0.67x | 0.70x | 0.74x | 0.76x | 0.77x | 0.67x | 0.72x | 0.73x | 0.70x | 0.76x | 0.76x | 0.72x | 0.77x | 0.68x | 0.76x |
| Book Value per Share | 91.61 | 89.68 | 89.23 | 88.53 | 86.17 | 87.34 | 54.53 | 52.04 | 51.10 | 50.00 | 47.73 | 47.67 | 45.43 | 42.58 | 40.14 | 41.35 | 42.36 | 40.21 | 40.05 | 40.59 |
| Tangible BV per Share | -36.65 | -38.14 | -37.37 | 16.07 | 19.69 | 14.63 | -19.37 | -21.11 | -21.66 | -24.47 | -16.09 | -17.32 | -14.97 | -17.01 | -15.17 | -15.70 | -16.68 | -19.07 | -2.35 | -3.52 |