OakChart

Arthur J. Gallagher & Co

AJGFinancial·Insurance Brokers·USA·Large·NYSE·Nov 11 • 3:59 PM ET

282.01-0.64 (-0.23%)
2026-11-12 05:36 CET
Market cap
72,307.36 USD m
Revenue, TTM
16,365.00 USD m
Net income, TTM
1,700.00 USD m
Free cash flow, TTM
2,888.40 USD m
EPS diluted, TTM
6.55
P/E
43.05
Compare

Price

AJG against its 20, 50 and 200-day averages
2050200miss
200.00225.00250.00275.00300.001.6M3.2MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26AJGclose 282.0120-day 270.0450-day 251.06200-day 233.23282.0152w high52w low

4.3% under the 52-week high of 294.53 on 5 Nov 2026. 52-week low 190.75 on 13 May 2026. Last 15 sessions, 15.2% high to low

Volume 0.84× normal · the line is the 50-bar volume average

Profile

AJG
52-week range, 88% of the way up
190.75294.53

Arthur J. Gallagher & Co. engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations. The Risk Management segment provides contract claim settlement and administration services. The Corporate segment manages clean energy and other investments. The company was founded by Arthur J. Gallagher in 1927 and is headquartered in Rolling Meadows, IL.

IndexS&P 500, RUI
Employees72000
IPOJun 20, 1984
Beta0.46
ATR, 14d8.13
Rel volume0.84
Short float3.02%
Insider own1.93%
Inst own96.98%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap72.31B
Enterprise Value84.62B
Income1.70B
Sales16.36B
Book/sh93.75
Cash/sh4.73
Dividend Est.2.80 (0.99%)
Dividend TTM2.75 (0.98%)
Dividend Ex-DateDec 07, 2026
Dividend Gr. 3/5Y8.42% 7.63%
Payout45.27%
Employees72000
IPOJun 20, 1984

Ratios

P/E43.05
Forward P/E19.00
PEG1.17
P/S4.42
P/B3.01
P/C59.61
P/FCF25.03
EV/EBITDA19.86
EV/Sales5.17
Quick Ratio1.05
Current Ratio1.05
Debt/Eq0.56
LT Debt/Eq0.51
Option/ShortYes / Yes

Earnings

EPS (ttm)6.55
EPS next Y14.85
EPS next Q2.78
EPS this Y22.57%
EPS next Y13.31%
EPS next 5Y16.28%
EPS past 3/5Y3.44% 6.47%
Sales past 3/5Y18.30% 15.25%
EPS Y/Y TTM3.46%
Sales Y/Y TTM25.60%
EPS Q/Q48.36%
Sales Q/Q18.14%
EarningsOct 29 AMC
EPS/Sales Surpr.0.29% -1.69%

Ownership

Insider Own1.93%
Insider Trans-2.15%
Inst Own96.98%
Inst Trans1.73%
ROA2.15%
ROE7.20%
ROIC4.68%
Gross Margin90.31%
Oper. Margin17.43%
Profit Margin10.39%
SMA204.43%
SMA5012.33%
SMA20020.92%
Trades-

Technical

Shs Outstand256.40M
Shs Float251.46M
Short Float3.02%
Short Ratio4.89
Short Interest7.58M
52W High294.53 -4.25%
52W Low190.75 47.84%
Volatility2.90% 2.91%
ATR (14)8.13
RSI (14)64.55
Beta0.46
Rel Volume0.84
Avg Volume1.55M
Volume1,301,862

Performance

Perf Week-2.21%
Perf Month21.09%
Perf Quarter11.25%
Perf Half Y46.88%
Perf YTD8.97%
Perf Year10.59%
Perf 3Y13.59%
Perf 5Y73.33%
Perf 10Y447.17%
Recom1.88
Target Price302.44
Prev Close282.65
Price282.01
Change %-0.23%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 03, 2026DowngradeBBMO Capital MarketsOutperform → Market Perform$295+4.6%
Nov 02, 2026DowngradeCCitigroupBuy → Neutral$300+6.4%
Oct 07, 2026InitiatedOOppenheimerPerform
Jul 15, 2026UpgradePPiper SandlerNeutral → Overweight$276-2.1%
Jul 09, 2026DowngradeWWolfe ResearchOutperform → Peer Perform
Jun 11, 2026UpgradeJJefferiesHold → Buy$265-6.0%
Jun 09, 2026UpgradeUUBSNeutral → Buy$250-11.4%
May 06, 2026UpgradeCCitigroupNeutral → Buy$250-11.4%
Mar 24, 2026UpgradeBBMO Capital MarketsMarket Perform → Outperform$278-1.4%
Mar 17, 2026InitiatedRRBC Capital MktsOutperform$260-7.8%

Peers

Mkt cap
TickerCompanyMkt cap
AONAon Plc71.40B
MRSHMarsh98.68B
BROBrown & Brown Inc23.68B
WTWWillis Towers Watson Public Limited Co30.82B
RYANRyan Specialty Holdings Inc11.79B
BWINBaldwin Insurance Group Inc4.48B
CRD-ACrawford & Co557.48M
TWFGTWFG Inc1.46B
CRVLCorvel Corp4.24B
ERIEErie Indemnity Co12.68B

Insider trading

latest 14 of 80
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Pietrucha Susan EChief Human Resources OfficerNov 09 '26Option Exercise86.1715,0201,294,27331,811Nov 10 06:50 PM
Pietrucha Susan EChief Human Resources OfficerNov 09 '26Sale282.3015,0204,240,16116,791Nov 10 06:50 PM
Pietrucha Susan EOfficerNov 09 '26Proposed Sale282.3015,0204,240,166Nov 09 05:44 PM
Ziebell William FVICE PRESIDENTNov 04 '26Option Exercise86.1723,5102,025,85772,452Nov 05 05:56 PM
Ziebell William FVICE PRESIDENTNov 04 '26Sale286.6223,5106,738,55448,942Nov 05 05:56 PM
HOWELL DOUGLAS KVP & Chief Financial OfficerNov 02 '26Option Exercise86.1717,1301,476,092123,957Nov 04 05:01 PM
HOWELL DOUGLAS KVP & Chief Financial OfficerNov 02 '26Sale275.1530,9968,528,40192,961Nov 04 05:01 PM
Mead Christopher EVICE PRESIDENTNov 02 '26Option Exercise86.177,590654,03029,877Nov 04 04:54 PM
Mead Christopher EVICE PRESIDENTNov 02 '26Sale279.727,5902,123,07522,287Nov 04 04:54 PM
Ziebell William FOfficerNov 04 '26Proposed Sale286.6223,5106,738,542Nov 04 03:24 PM
CARY RICHARD CFormer OfficerNov 04 '26Proposed Sale287.745,0001,438,675Nov 04 12:31 PM
Douglas K. HowellOfficerNov 02 '26Proposed Sale278.893,000836,670Nov 02 05:26 PM
Mead Christopher EOfficerNov 02 '26Proposed Sale279.727,5902,123,075Nov 02 03:56 PM
HOWELL DOUGLAS KOfficerNov 02 '26Proposed Sale275.1427,9967,702,774Nov 02 01:05 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.05B
JEPIJPMorgan Equity Premium Income ETFAUM: 46.80B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B

News

latest 14 of 200
  • Arthur J. Gallagher & Co. Announces Leadership Transition in Gallagher's Benefits & HR Consulting Division (PR Newswire)
  • Gallagher Misses By A Penny As Margin Gains Offset A Lower Organic Outlook And A Shrinking M&A Pipeline (Earnings Whispers)
  • Arthur J. Gallagher: Q3 Earnings Snapshot (Associated Press)
  • Arthur J. Gallagher & Co. Announces Third Quarter 2026 Financial Results (PR Newswire)
  • Arthur J. Gallagher & Co. Announces Regular Fourth Quarter Dividend (PR Newswire)
  • Gallagher Must Show Organic Growth Can Outrun A Deepening Property Pricing Reset (Earnings Whispers)
  • Arthur J. Gallagher & Co. Acquires The Mund Group, Ltd. (PR Newswire)
  • Arthur J. Gallagher & Co. Acquires Intelligent Communications Experiences (PR Newswire)
  • Employers Shift Focus from Retirement Access to Financial Outcomes (PR Newswire)
  • Arthur J. Gallagher & Co. Announces Third Quarter 2026 Earnings Release And Conference Call Date (PR Newswire)
  • Arthur J. Gallagher & Co. Acquires Ornella Underwriting Limited (PR Newswire)
  • Arthur J. Gallagher & Co. Acquires Winter & Co Solicitors LLP (PR Newswire)
  • Arthur J. Gallagher & Co. Acquires Albany Insurance Services Limited (PR Newswire)
  • Banks have profited from idle cash for years. AI agents could change that. (Yahoo Finance)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-293.0002.9911.5503,9173,98523
2026Q22026-07-302.8402.8141.2523,9554,00622
2026Q12026-04-304.4704.4293.1644,7164,73222
2025Q42026-01-292.3802.3510.5803,5863,59721
2025Q32025-10-302.3202.5391.0473,3253,46517
2025Q22025-07-312.3302.3551.4053,1783,20516
2025Q12025-05-013.6703.5662.7163,6883,71116
2024Q42025-01-302.1302.0261.1182,6802,70417
2024Q32024-10-242.2602.2631.3962,7672,78018
2024Q22024-07-252.2602.2411.2712,7362,76718
2024Q12024-04-253.4903.4102.7413,2183,17818
2023Q42024-01-251.8501.848-0.1492,3932,40318
2023Q32023-10-262.0001.9491.2752,4542,42517
2023Q22023-07-271.9001.8591.0712,4072,36117
2023Q12023-04-273.0302.9902.2422,6732,67517
2022Q42023-01-261.5401.4940.6281,9951,95517

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY3.0602.9902.6436,1566,056
2018FY3.4503.4323.4026,7826,826
2019FY3.6503.5973.5186,9847,143
2020FY4.7204.6284.1996,8526,955
2021FY5.4805.4194.3748,0767,956
2022FY7.7407.7405.1908,4208,412
2023FY8.7608.7804.4219,92710,002
2024FY10.09010.0306.50111,40111,450
2025FY10.69010.6915.74013,77813,849
2026FY-13.102--16,490
2027FY-14.846--17,850
2028FY-16.808--19,477

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0614093,8153,7543,892
2026Q4S2026-11-0214093,8163,7543,892
2026Q4S2026-10-3013093,8193,7543,892
2026Q4S2026-10-2913073,8393,7553,967
2026Q4S2026-10-2813073,8393,7553,967
2026Q4S2026-10-1413083,8393,7553,967
2026Q4S2026-10-1213183,8393,7553,967
2026Q4S2026-10-0613183,8393,7553,967
2026Q4S2026-10-0513163,9063,7634,553
2026Q4S2026-09-2912153,9153,7634,553
2026Q4S2026-09-2512153,9153,7634,553
2026Q4S2026-09-2312153,9153,7634,553
2026Q4S2026-09-2212123,9363,7984,553
2026Q4S2026-08-3012113,9453,8044,553

Estimate history

EPS, annual2.6433.4023.5184.1994.3745.194.4216.5015.7446.5502
Period201720182019202020212022202320242025TTM
EPS, quarterly1.3961.1182.7161.4051.0470.583.1641.2521.554
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual6109.66782.26981.16857.78057.58420.19926.511554.91394216365
Period201720182019202020212022202320242025TTM
Sales, quarterly2766.527163727.43220.83365.63628475840033976
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual181184188.1193.7208.5211.9216.7250257256.4
Period201720182019202020212022202320242025MRQ
Shares, quarterly219.4250256.1256.4256.8257256.9256.3256.4
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue16,365.0013,942.0011,554.909,926.508,420.108,057.506,857.706,981.106,782.20
Total Expenses13,512.0011,386.009,272.808,067.406,753.206,739.405,817.506,235.206,165.00
Operating Income2,853.002,556.002,282.101,859.101,666.901,318.101,040.20745.90617.20
Unusual Expense46.0046.0026.00377.3083.00135.80-32.9015.309.60
Net Income Before Taxes2,152.001,871.001,874.801,185.101,327.00975.10870.90626.10479.40
Income Taxes445.00368.00404.40219.10211.0020.1012.80-89.70-196.50
Consolidated Net Income1,707.001,503.001,470.40966.001,116.00955.00858.10715.80675.90
Net Income From Continuing Operations1,700.001,494.001,462.70969.501,114.20906.80818.80668.80633.50
Net Income1,700.001,494.001,462.70969.501,114.20906.80818.80668.80633.50
EPS (Recurring)6.685.876.585.635.464.834.083.573.44
EPS (Basic, Before Extraordinaries)6.625.836.634.515.304.474.293.603.47
EPS (Diluted)6.555.746.504.425.194.374.203.523.40
Non-Operating Income (Expense)0.000.000.000.000.0018.90-5.8075.3010.20
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense98.6754.0037.7626.4622.0412.789.9310.2210.00
Price To Earnings Ratio43.0543.0553.9743.1237.0838.3729.4326.9921.63
Price To Sales Ratio3.624.835.534.974.814.373.522.592.02
Gross Margin90.3190.7891.3892.9892.6178.4178.9473.8367.05
Operating Margin17.4318.3319.7518.7319.8016.3615.1710.689.10
Net Margin10.3910.7212.669.7713.2311.2511.949.589.34
Shares Outstanding256.40257.00250.00216.70211.90208.50193.70188.10184.00
Market Capitalization72,307.3672,307.3670,906.5848,551.5939,751.7735,168.8623,792.1517,762.5913,535.15

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,976.004,003.004,758.003,628.003,365.603,220.803,727.402,716.00
Total Expenses3,277.003,415.003,540.003,280.002,829.002,596.402,680.502,242.30
Operating Income699.00588.001,218.00348.00536.60624.401,046.90473.70
Unusual Expense16.006.0017.007.0028.90-5.6015.8038.60
Net Income Before Taxes515.00414.001,043.00180.00346.90471.40872.70333.20
Income Taxes109.0090.00220.0026.0073.30105.20163.8075.00
Consolidated Net Income406.00324.00823.00154.00273.60366.20708.90258.20
Net Income From Continuing Operations403.00324.00822.00151.00272.70365.80704.40258.30
Net Income403.00324.00822.00151.00272.70365.80704.40258.30
EPS (Recurring)1.601.273.210.601.121.392.761.23
EPS (Basic, Before Extraordinaries)1.571.263.200.591.061.432.761.14
EPS (Diluted)1.551.253.160.581.051.402.721.12
Non-Operating Income (Expense)0.000.000.000.000.000.000.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense11.0638.7115.8033.1012.109.1614.068.77
Price To Earnings Ratio43.0537.0537.6841.1746.6949.2452.9053.97
Price To Sales Ratio3.623.773.764.836.196.717.505.73
Gross Margin90.0789.8691.9988.8690.6091.5092.1690.83
Operating Margin17.5814.6925.609.5915.9419.3928.0917.44
Net Margin10.148.0917.284.168.1011.3618.909.51
Shares Outstanding256.40256.30256.90257.00256.80256.40256.10250.00
Market Capitalization72,307.3658,976.5355,682.7266,457.2779,417.3481,982.7388,289.9570,906.58

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,411.0014,993.50975.40795.704,466.303,574.302,623.902,236.802,305.00
Short Term Receivables5,175.003,895.903,786.602,911.1013,032.407,437.806,378.105,773.704,872.90
Investment Securities0.000.000.000.000.000.000.000.000.00
Securities In Custody0.000.000.000.000.000.000.000.000.00
Investments3.002.6014.2071.100.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.000.000.000.00
Net Property, Plant & Equipment1,387.001,028.101,126.70922.90859.40824.60860.90436.90412.20
Deferred Tax Assets43.00959.101,132.301,299.001,228.501,085.80945.60806.20851.60
Other Intangible Assets62,646.0043,376.0044,580.6032,358.6013,758.409,408.908,826.307,080.406,468.00
Total Assets70,665.0064,255.2051,615.8038,358.4033,345.0022,331.4019,634.8016,334.0014,909.70
Total Debt13,485.0013,485.208,317.206,415.106,592.904,865.504,947.603,610.403,133.00
Long Term Debt12,619.0013,060.007,358.205,863.206,119.504,586.904,157.003,091.402,691.90
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Other Liabilities33,833.0030,590.4032,483.3022,753.1018,192.0011,233.209,471.708,153.907,477.00
Total Liabilities47,318.0044,075.6040,800.5029,168.2024,784.9016,098.7014,419.3011,764.3010,610.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity23,321.0020,153.5010,775.309,143.608,508.406,186.205,155.504,498.904,235.60
Total Shareholders Equity23,321.0020,153.5010,775.309,143.608,508.406,186.205,155.504,498.904,235.60
Accumulated Minority Interest26.0026.1040.0046.6051.7046.5060.0070.8064.10
Total Equity23,347.0020,179.6010,815.309,190.208,560.106,232.705,215.504,569.704,299.70
Total Liabilities & Stockholders Equity70,665.0064,255.2051,615.8038,358.4033,345.0022,331.4019,634.8016,334.0014,909.70
Book Value Per Share90.7480.6149.7243.1540.8131.9427.4124.4523.40
Tangible Book Value Per Share-38.7413.41-24.61-17.55-19.72-12.08-14.79-10.32-8.70
Full-Time Employees72,00056,00052,00044,00039,00032,40133,30030,40026,800
Price to Book Ratio3.015.114.644.644.163.873.473.012.78
Return on Assets2.212.522.143.113.263.903.724.333.65
Return on Equity6.879.469.7312.6212.3414.4413.8514.7312.29
Return on Invested Capital4.164.405.357.426.207.607.188.356.95
Quick Ratio1.061.511.031.041.061.101.021.061.08
Current Ratio1.061.511.031.041.061.101.021.061.08

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations3,278.902,469.002,542.002,152.901,572.701,504.601,281.201,034.10867.90
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-215.90-539.0040.90-121.20-182.70199.50471.3085.10-102.80
Income Taxes Payable-33.90-60.00-41.80-77.7049.90-123.8051.8035.50-46.00
Cash from Operating Activities3,063.001,930.002,582.902,031.701,390.001,704.101,752.501,119.20765.10
Capital Expenditures-174.60-145.00-141.90-193.60-182.70-128.60-99.30-138.80-124.40
Net Assets From Acquisitions-1,565.60-15,766.00-1,462.30-3,041.90-764.90-3,250.90-324.30-1,266.80-784.80
Sale of Fixed Assets and Businesses18.5017.0019.709.9011.0015.708.2081.0014.50
Purchase or Sale of Investments1.10-3.002.303.10-2.60-40.20-85.80-127.40-69.80
Purchase of Investments--5.00-3.70-2.40-3.60-40.20-85.80-127.40-69.80
Sale Or Maturity of Investments1.102.006.005.501.000.000.000.000.00
Other Uses0.000.00-8.90-72.90-69.20-66.800.000.000.00
Other Sources19.0016.000.000.000.000.000.000.000.00
Cash from Investing Activities-1,711.60-15,881.00-1,591.10-3,295.40-1,008.40-3,470.80-501.20-1,452.00-964.50
Cash Dividends Paid-706.50-667.00-525.40-473.60-429.50-392.00-347.40-321.10-301.80
Change in Capital Stock-407.301,499.008,506.80120.20123.101,546.70111.90101.2070.60
Repurchase of Common Pref Stock-580.000.000.000.000.000.000.000.00-11.30
Sale of Common Pref Stock172.701,499.008,506.80120.20123.101,546.70111.90101.2081.90
Proceedsfrom Stock Options172.701,499.008,506.80120.20123.101,546.70111.90101.2081.90
Issuance or Reduction of Debt, Net-153.40-203.005,216.401,860.70-159.001,737.70-80.40995.30506.60
Change in Long Term Debt-127.50-188.005,257.301,819.00-184.301,700.70-96.40976.10473.70
Issuance of Long Term Debt8,004.202,349.007,215.805,429.002,572.202,957.003,054.905,040.003,473.70
Reduction of Long Term Debt-8,131.70-2,537.00-1,958.50-3,610.00-2,756.50-1,256.30-3,151.30-4,063.90-3,000.00
Net Financing Active Other Cash Flow374.301,089.00-141.401,386.70681.60-169.20-104.80-61.60-59.20
Other Financing Activities Uses-299.50-442.00-142.80-97.80-106.50-169.20-104.80-61.60-62.10
Cash from Financing Activities-892.901,718.0013,056.402,876.30216.202,723.20-420.70713.80216.20
Exchange Rate Effect10.80303.00-122.90-33.50-99.90-64.50119.806.10-85.00
Net Change in Cash469.30-11,930.0013,925.301,579.10497.90892.00950.40387.10-68.20
Free Cash Flow2,888.401,785.002,441.001,838.101,207.301,575.501,653.20980.40640.70
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow27.1260.2133.3436.1452.0429.7218.4727.4640.49

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,213.001,386.001,413.001,411.001,411.5014,326.10
Short Term Receivables5,977.006,076.005,960.005,175.005,426.304,739.20
Investments0.000.000.003.008.300.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Net Property, Plant & Equipment1,367.001,343.001,347.001,387.001,433.301,147.40
Deferred Tax Assets45.0043.0043.0043.0029.40691.60
Other Intangible Assets70,462.0072,960.0069,538.0062,646.0070,759.1059,218.30
Total Assets79,064.0081,808.0078,301.0070,665.0079,067.9080,122.60
Total Debt13,489.0014,106.0013,372.0013,485.0013,685.4013,297.10
Long Term Debt12,253.0012,452.0012,576.0012,619.0012,678.0012,499.90
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities41,504.0043,955.0041,127.0033,833.0042,145.6043,769.20
Total Liabilities54,993.0058,061.0054,499.0047,318.0055,831.0057,066.30
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity24,038.0023,717.0023,775.0023,321.0023,205.8023,023.10
Total Shareholders Equity24,038.0023,717.0023,775.0023,321.0023,205.8023,023.10
Accumulated Minority Interest33.0030.0027.0026.0031.1033.20
Total Equity24,071.0023,747.0023,802.0023,347.0023,236.9023,056.30
Total Liabilities & Stockholders Equity79,064.0081,808.0078,301.0070,665.0079,067.9080,122.60
Book Value Per Share93.7592.5492.5590.7490.3789.79
Tangible Book Value Per Share-37.24-37.15-37.17-38.74-38.0116.19
Full-Time Employees---72,000--
Price to Book Ratio3.012.482.392.863.453.67
Return on Assets2.151.942.112.212.352.29
Return on Equity7.206.726.996.879.059.49
Return on Invested Capital1.110.902.260.420.761.03
Quick Ratio1.051.051.061.061.061.36
Current Ratio1.051.051.061.061.061.36

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations785.00642.001,279.00572.90655.20156.40
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital558.00-632.00-322.00180.1076.10-582.50
Income Taxes Payable-20.00-116.0052.0050.10-72.80-64.70
Cash from Operating Activities1,343.0010.00957.00753.00731.30-426.10
Capital Expenditures-48.00-51.00-36.00-39.60-37.80-39.40
Net Assets From Acquisitions-496.00-327.00-289.00-453.60-13,650.80-1,329.80
Sale of Fixed Assets and Businesses1.002.004.0011.503.300.40
Purchase or Sale of Investments-1.00-1.001.00-3.900.000.60
Purchase of Investments-1.00---5.000.000.00
Sale Or Maturity of Investments0.00-1.001.001.100.000.60
Other Uses0.000.000.000.000.000.00
Other Sources-100.0028.0082.009.00-98.6023.10
Cash from Investing Activities-644.00-353.00-238.00-476.60-13,783.90-1,345.10
Cash Dividends Paid-180.00-179.00-180.00-167.50-166.90-166.60
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-36.00-134.00-255.0017.70102.9043.60
Repurchase of Common Pref Stock-100.00-170.00-310.000.000.000.00
Sale of Common Pref Stock64.0036.0055.0017.70102.9043.60
Proceedsfrom Stock Options64.0036.0055.0017.70102.9043.60
Issuance or Reduction of Debt, Net-642.00735.00-105.00-141.40209.20-198.80
Change in Long Term Debt-732.00758.00-27.00-126.50133.00-197.40
Issuance of Long Term Debt1,652.003,038.001,977.001,337.201,203.00-194.10
Reduction of Long Term Debt-2,384.00-2,280.00-2,004.00-1,463.70-1,070.00-3.30
Net Financing Active Other Cash Flow-395.00829.00-183.00123.30423.40532.10
Other Financing Activities Uses-24.00-23.00-183.00-69.50-22.90-338.50
Cash from Financing Activities-1,253.001,251.00-723.00-167.90568.60210.30
Exchange Rate Effect30.00-57.00-52.0089.8017.80127.80
Net Change in Cash-524.00851.00-56.00198.30-12,466.20-1,433.10
Free Cash Flow1,295.00-41.00921.00713.40693.50-465.50
Price to Free Cash Flow27.1237.2747.6360.2471.0060.59

Revenue breakdown

Broker Fees2024: 3.61B 2025: 4.20B
Commissions2024: 6.69B 2025: 8.02B
Consolidation, Policy2024: 154.00M 2025: 164.00M
Contingent2024: 268.00M 2025: 324.00M
Investment Performance2024: 473.00M 2025: 769.00M
Supplemental2024: 359.00M 2025: 466.00M
Australia2024: 575.00M 2025: 586.00M
Canada2024: 416.00M 2025: 395.00M
New Zealand2024: 210.00M 2025: 207.00M
Other Foreign2024: 701.00M 2025: 886.00M
United Kingdom2024: 2.23B 2025: 2.48B
United States2024: 7.43B 2025: 9.39B
Brokerage2024: 9.93B 2025: 12.19B
Consolidation, Policy2024: 154.00M 2025: 164.00M
Corporate2024: 16.00M 2025: 1.00M
Risk Management2024: 1.45B 2025: 1.59B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.02%7.6M251.5M1.46M
2026-10-152.83%7.1M251.4M1.38M
2026-09-303.28%8.2M251.4M1.45M
2026-09-152.54%6.4M251.4M1.53M
2026-08-312.66%6.7M251.4M1.60M
2026-08-142.33%5.8M251.4M1.66M
2026-07-312.48%6.2M251.4M1.80M
2026-07-153.17%8.0M252.0M1.83M
2026-06-302.71%6.8M252.0M1.88M
2026-06-152.73%6.9M251.9M1.90M
2026-05-292.01%5.1M252.0M1.99M
2026-05-152.14%5.4M252.0M2.15M
2026-04-302.35%6.0M254.3M2.36M
2026-04-152.53%6.4M254.5M2.49M
2026-03-312.29%5.8M254.6M2.46M
2026-03-131.97%5.0M254.6M2.34M
2026-02-272.15%5.5M254.6M2.20M
2026-02-131.94%4.9M254.6M2.05M
2026-01-302.25%5.7M254.4M1.84M
2026-01-152.10%5.3M254.4M1.76M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call125155.2158.60.003.0840.000.000.996-0.0570.004
call130150.2153.50.002.9140.000.000.996-0.0570.005
call135145.2148.50.002.7860.000.000.996-0.0580.005
call140140.2143.40.002.6270.000.000.996-0.0580.005
call145135.2138.81002.6391.000.000.996-0.0580.005
call150130.21340.002.5780.000.000.996-0.0590.005
call155125.2128.50.002.3180.000.000.995-0.0590.006
call160121123.80.002.2960.000.000.995-0.0590.006
call165115.3118.580.302.1051.000.000.995-0.0590.006
call170110.3113.30.001.9460.000.000.995-0.0600.006
call175105.3108.60.001.9310.000.000.994-0.0600.007
call180100.3103.60.001.8340.000.000.994-0.0600.007
call18595.2098.4061.001.6891.000.000.991-0.0790.010
call19090.2093.800.001.6910.000.000.989-0.0950.013
call19585.2088.900.001.6190.000.000.986-0.1110.015
call20080.3083.9074.621.52824.000.000.962-0.2840.036
call21070.3072.800.001.1080.000.000.957-0.2770.040
call22060.7063.1061.931.02979.0074.000.951-0.2680.044
call23051.0053.4038.500.9321880.000.944-0.2580.049
call24040.4043.4034.300.77638.000.000.934-0.2460.056
call25030.5033.5035.400.6351020.000.905-0.2760.074
call26020.9024.3017.550.5593880.000.869-0.2720.093
call27012.6015.3014.900.4553370.000.768-0.3220.134
call2805.907.607.800.3725850.000.564-0.3710.173
call2901.903.101.900.3532781730.324-0.3330.158
call3000.551.050.630.3522522.000.154-0.2250.104
call3100.150.600.250.4132361.000.076-0.1490.063
call3200.000.750.160.5166.001.000.063-0.1600.054
call3300.002.151.950.6113.000.000.055-0.1690.049
call3400.002.350.000.7010.000.000.049-0.1770.044
call3500.002.350.000.7860.000.000.044-0.1840.041
call3600.002.350.550.8671.000.000.041-0.1900.038
call3700.002.350.400.9442.000.000.038-0.1950.036
call3800.003.600.001.0180.000.000.036-0.2000.035
put1250.003.700.072.0484.000.00-0.003-0.0510.004
put1300.003.700.001.9560.000.00-0.003-0.0510.005
put1350.003.700.201.8675.000.00-0.004-0.0500.005
put1400.002.150.001.7310.000.00-0.004-0.0490.005
put1450.002.150.001.6490.000.00-0.004-0.0480.005
put1500.002.150.001.5700.000.00-0.004-0.0480.006
put1550.002.150.001.4940.000.00-0.005-0.0480.006
put1600.002.150.001.4210.000.00-0.005-0.0480.006
put1650.002.150.001.3550.000.00-0.005-0.0480.006
put1700.002.150.001.2850.000.00-0.005-0.0470.007
put1750.002.150.001.2210.000.00-0.006-0.0470.007
put1800.000.100.851.1307.000.00-0.006-0.0430.007
put1850.000.151.001.1234.000.00-0.008-0.0590.010
put1900.000.200.201.1013.000.00-0.011-0.0740.013
put1950.000.250.481.0705.000.00-0.014-0.0880.016
put2000.002.600.261.32218.000.00-0.038-0.2700.036
put2100.002.150.631.1642390.00-0.043-0.2610.040
put2200.002.150.051.0113240.00-0.048-0.2510.044
put2300.002.150.020.8632210.00-0.056-0.2400.049
put2400.000.951.070.6798722.00-0.057-0.1910.050
put2500.051.251.280.6156662.00-0.095-0.2560.074
put2600.251.350.800.47450248.00-0.130-0.2510.093
put2701.252.203.500.38388.0014.00-0.232-0.3000.134
put2804.005.305.810.36283.000.00-0.436-0.3470.173
put2909.9011.5010.400.3871.000.00-0.676-0.3090.158
put30017.9020.400.000.4830.000.00-0.846-0.1990.104
put31027.1030.1065.000.6000.000.00-0.923-0.1220.063
put32037.2039.6075.100.6750.000.00-0.937-0.1320.054
put33047.2049.9085.100.8340.000.00-0.945-0.1400.049
put34056.2059.900.000.9430.000.00-0.951-0.1470.044
put35066.5069.900.001.0450.000.00-0.955-0.1530.041
put36076.6079.900.001.1430.000.00-0.959-0.1570.038
put37086.6089.90125.41.2360.000.00-0.962-0.1610.036
put38096.2099.900.001.3240.000.00-0.964-0.1650.035

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-083/A2026-10-01SEC
2026-10-013Initial statement of beneficial ownership of securities2026-10-01SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-15144Filing for proposed sale of securities under Rule 144.SEC
2026-09-15144Filing for proposed sale of securities under Rule 144.SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-044Statement of changes in beneficial ownership of securities2026-09-02SEC
2026-09-02144Filing for proposed sale of securities under Rule 144.SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-08-278-KCurrent report2026-08-24SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-204Statement of changes in beneficial ownership of securities2026-08-19SEC
2026-08-19144Filing for proposed sale of securities under Rule 144.SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-16SEC
2026-08-1413F-NTFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-08-12SCHEDULE 13G/ASEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110021.63M4
2026-100000
2026-09003.42M2
2026-08004.14M2
2026-070000
2026-0600618.00K1
2026-050000
2026-040000
2026-03008.10M3
2026-020000
2026-010000
2025-12006.36M3
2025-11988.49K11.88M2

Institutional holders

Manager% owned
FMR LLC8.22%
BlackRock, Inc.7.72%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
JPMORGAN CHASE & CO5.59%
Capital World Investors4.87%
VANGUARD PORTFOLIO MANAGEMENT LLC4.85%
STATE STREET CORP4.40%
DODGE & COX3.64%
NORGES BANK2.62%
GEODE CAPITAL MANAGEMENT, LLC2.50%

Funds

Fund% owned
Putnam Ultra Short Duration Income Fund12.61%
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND7.94%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND7.09%
Capital Group Core Bond ETF7.03%
PIMCO Long Duration Credit Bond Portfolio6.81%
MFS Income Fund5.84%
Franklin Managed Income Fund5.84%
Janus Henderson Short Duration Income ETF5.82%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND5.59%
Baird Core Plus Bond Fund5.55%

OakChart. AJG. Cached 15 minutes.