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AJGArthur J. Gallagher & Co.

Financials · Insurance Brokers · NYSE
Employees
72,000
Headquarters
Rolling Meadows, IL
CEO
J. Patrick Gallagher Jr
Next results
around Jan 28, 2027
Compare with peers → Embed
RevenueFY2016–25 $13.9B+20.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.5B+2.1% Highest in 10 years 10-K FY2025 · XBRL

What changed

10-K filed Feb 17, 2026 against Feb 18, 2025
AreaWhat changedSource
Risk factors9 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +32.8% vs revenue +20.7% (+12.2 pts)10-K · XBRL
Critical audit matters changedNew this year: Business acquisitions - valuation of acquired expiration lists (“As described in Note 3 to the consolidated financial statements, the Company completed 33 acquisitions during 2025 for total net consideration of $16,348 million. All the acquisitions have been accounted for using the acquisition method for recording business combinations. The excess of the purchase”). No longer listed: Accounting for business combinations10-K · XBRL
Accounting checks7 other checks clear, 2 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-18. Quoted as filed.

  1. The increasing adoption of AI technologies by cyber threat actors presents a significant and evolving risk to our company. These actors may leverage AI to develop more sophisticated and targeted cyberattacks, including advanced phishing schemes, malware, and data exfiltration techniques, which could compromise our controls and systems,…
    10-K, Item 1A
All 9 new paragraphs →

Accounting checks

latest 10-K

7 of 9 clear 2 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +32.8% vs revenue +20.7% (+12.2 pts)
  • !
    Critical audit matters changedNew this year: Business acquisitions - valuation of acquired expiration lists (“As described in Note 3 to the consolidated financial statements, the Company completed 33 acquisitions during 2025 for total net consideration of $16,348 million. All the acquisitions have been accounted for using the acquisition method for recording business combinations. The excess of the purchase”). No longer listed: Accounting for business combinations
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on AJG in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AJG/export.csv") into a cell.