Arthur J. Gallagher & Co. (AJG) Balance Sheet: Assets & Liabilities

Arthur J. Gallagher & Co. (AJG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Arthur J. Gallagher & Co. reported total assets of $70.67B and total liabilities of $47.32B. Shareholders' equity was $23.35B, up 15.8% from $20.15B a year earlier. Total debt stood at $12.33B against $1.40B in cash and short-term investments, a net debt position of $10.93B. That puts debt-to-equity at 0.53, compared with 0.65 a year earlier.

Arthur J. Gallagher & Co. Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Arthur J. Gallagher & Co. (AJG) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	1.40	14.99	0.97	0.74	0.40	0.66	0.60	0.61	0.68
Short-Term Investments	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	1.40	14.99	0.97	0.79	0.40	0.66	0.60	0.61	0.68
Accounts Receivable	5.18	3.90	3.79	2.91	11.75	6.89	5.89	5.37	4.48
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	27.79	0.31	0.28	18.64	5.51	3.57	2.62	2.15	2.10
Total Current Assets	34.36	44.11	32.12	22.29	17.67	11.12	9.12	8.12	5.17
Non-Current Assets
Property, Plant & Equipment (Net)	1.39	1.03	1.13	0.92	0.86	0.82	0.86	0.44	0.41
Long-Term Investments	0.00	0.00	0.00	0.06	0.00	0.02	0.05	0.06	0.00
Goodwill	22.59	12.27	11.48	9.49	8.67	6.13	5.62	4.63	4.20
Intangible Assets	10.68	4.53	4.63	3.37	3.95	2.40	2.32	1.77	1.64
Other Non-Current Assets	1.65	1.36	1.13	2.29	2.20	0.75	0.73	0.51	0.57
Total Non-Current Assets	36.31	20.14	19.50	16.07	15.67	11.21	10.52	8.22	7.73
Total Assets	70.67	64.26	51.62	38.36	33.35	22.33	19.63	16.33	12.90
Current Liabilities
Accounts Payable	0.00	0.79	0.00	18.70	13.85	7.78	6.35	5.74	4.99
Short-Term Debt	0.23	0.43	0.96	0.24	0.23	0.28	0.79	0.52	0.44
Current Portion of Long-Term Debt	0.64	0.04	0.67	0.31	0.25	-	-	-	-
Accrued Liabilities	4.02	0.36	2.55	2.00	1.90	-	-	-	-
Deferred Revenue	0.74	0.54	0.64	0.55	0.52	0.48	0.43	0.38	0.07
Other Current Liabilities	26.90	24.71	26.91	18.24	0.00	1.60	1.35	1.06	-0.51
Total Current Liabilities	32.52	29.26	31.06	21.34	16.74	10.14	8.92	7.69	4.91
Non-Current Liabilities
Long-Term Debt	12.10	12.73	7.01	5.56	5.81	4.59	4.16	3.09	2.69
Deferred Tax Liabilities	0.32	0.11	0.13	0.09	0.17	0.00	0.00	0.00	-0.43
Other Non-Current Liabilities	2.18	1.69	2.32	1.97	1.93	1.31	1.27	0.90	1.13
Total Non-Current Liabilities	14.80	14.82	9.74	7.83	8.05	5.96	5.50	4.07	3.82
Total Liabilities	47.32	44.08	40.80	29.17	24.78	16.10	14.42	11.76	8.73
Stockholders' Equity
Common Stock	0.26	0.25	0.22	0.21	0.21	0.19	0.19	0.18	0.18
Retained Earnings	5.81	4.99	4.05	3.56	2.88	2.37	1.90	1.56	1.10
Accumulated Other Comprehensive Income	-0.53	-1.15	-0.79	-1.14	-0.73	-0.64	-0.76	-0.79	-0.56
Additional Paid-in Capital	17.78	16.07	7.30	6.51	6.14	4.26	3.83	3.54	3.26
Minority Interest	0.03	0.03	0.04	0.05	0.05	0.05	0.06	0.07	0.06
Shares Outstanding	0.26	0.25	0.22	0.21	0.21	-	-	-	-
Total Stockholders' Equity	23.35	20.15	10.78	9.19	8.56	6.19	5.16	4.50	4.11
Total Liabilities & Equity	70.67	64.26	51.62	38.36	33.35	22.33	19.63	16.33	12.90

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Arthur J. Gallagher & Co. Balance Sheet

How much debt does Arthur J. Gallagher & Co. have?

Arthur J. Gallagher & Co. had total debt of $12.33B as of Dec 31, 2025, against $1.40B in cash and short-term investments. Its debt-to-equity ratio was 0.53. Total debt was $13.16B a year earlier.

What are Arthur J. Gallagher & Co.'s total assets?

Arthur J. Gallagher & Co. reported total assets of $70.67B as of Dec 31, 2025, up 10.0% from $64.25B a year earlier. Total liabilities were $47.32B.

What is Arthur J. Gallagher & Co.'s shareholders' equity?

Arthur J. Gallagher & Co.'s shareholders' equity was $23.35B as of Dec 31, 2025, or about $90.84 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition