Early Access

10-QPeriod: Q2 FY2025

Arthur J. Gallagher & Co. Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 1, 2025For Securities:AJG

Summary

Arthur J. Gallagher & Co. (AJG) reported strong financial results for the six months ended June 30, 2025, with total revenues reaching $6,948.2 million, a significant increase from $6,032.1 million in the prior year period. This growth was driven by robust performance in both the brokerage and risk management segments, with total revenues rising to $6,100.2 million and $847.2 million, respectively. Net earnings attributable to controlling interests saw a substantial jump to $1,070.2 million, up from $891.8 million in the comparable period last year. The company's strategic focus on acquisitions continues to be a key driver of growth, with significant investments made in the first half of 2025, including the acquisition of Woodruff Sawyer and the pending acquisition of AssuredPartners, which is expected to close in Q3 2025. The company also announced a quarterly dividend of $0.65 per common share, reflecting confidence in its ongoing financial health and commitment to shareholder returns. Liquidity remains strong, with substantial cash and cash equivalents, supported by operating cash flows and available credit facilities, positioning AJG well for future growth and strategic initiatives.

Financial Statements
Beta
Revenue$3.22B
Operating Expenses$2.75B
Interest Expense$158.60M
Net Income$365.80M
EPS (Basic)$1.43
EPS (Diluted)$1.40
Shares Outstanding (Basic)256.20M

Key Highlights

  • 1Total revenues for the six months ended June 30, 2025, increased by 15.4% to $6,948.2 million compared to $6,032.1 million in the prior year period.
  • 2Net earnings attributable to controlling interests grew by 19.9% to $1,070.2 million for the six months ended June 30, 2025, from $891.8 million in the prior year period.
  • 3The brokerage segment reported strong revenue growth of 16% to $6,100.2 million for the six months ended June 30, 2025.
  • 4Significant progress was made on strategic acquisitions, including the acquisition of Woodruff Sawyer and the pending acquisition of AssuredPartners, expected to close in Q3 2025.
  • 5The company maintained a strong liquidity position with cash and cash equivalents totaling $14,299.5 million as of June 30, 2025.
  • 6Diluted net earnings per share increased by 3% to $4.12 for the six months ended June 30, 2025, from $4.01 in the prior year period.

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