Arthur J. Gallagher Balance Sheet (2009-2025) | AJG

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Balance Sheet	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents	0.21B	0.23B	0.23B	0.30B	0.25B	0.33B	0.73B	0.72B	0.29B	0.30B	0.28B	0.31B	0.30B	0.22B	0.24B	0.29B	0.30B	0.74B	0.97B	0.29B	0.31B	0.28B	0.32B	0.37B	0.48B	0.43B	0.41B	0.53B	0.55B	0.56B	0.59B	0.56B	0.68B	0.70B	0.65B	0.60B	0.61B	0.87B	0.51B	0.58B	0.60B	0.35B	0.35B	0.63B	3.57B	0.53B	3.20B	2.74B	4.47B	4.64B	4.79B	5.28B	4.96B	6.09B	6.94B	6.79B	0.97B	7.08B	1.42B	2.02B	14.99B	22.24B	14.30B	1.40B	1.40B
Short-term Investments																									1.41B				1.39B	1.26B	1.48B	1.62B	1.62B	1.41B	1.69B	1.66B	1.63B	1.67B	2.03B	2.03B	2.02B	2.28B	2.65B	2.84B	2.91B	2.83B	3.17B	3.28B	0.14B	0.12B	0.13B	0.18B	0.20B	0.20B	0.17B	0.17B	0.19B	0.19B	0.20B	0.23B	0.23B	0.21B
Cash & Current Investments	0.21B	0.23B	0.23B	0.30B	0.25B	0.33B	0.73B	0.72B	0.29B	0.30B	0.28B	0.31B	0.30B	0.22B	0.24B	0.29B	0.30B	0.74B	0.97B	0.29B	0.31B	0.28B	0.32B	0.37B	1.89B	0.43B	0.41B	0.53B	1.94B	1.82B	2.07B	2.18B	2.31B	2.11B	2.34B	2.26B	2.24B	2.54B	2.55B	2.61B	2.62B	2.63B	3.00B	3.47B	6.48B	3.36B	6.38B	6.01B	4.60B	4.76B	4.92B	5.46B	5.16B	6.30B	7.12B	6.96B	1.16B	7.27B	1.61B	2.25B	15.22B	22.45B	14.30B	1.40B	1.40B
Receivables - Net	0.69B		0.92B	0.70B	0.00B	0.72B	1.29B	0.98B	1.03B	1.08B	1.37B	1.03B	1.10B	1.05B	1.25B	1.08B	1.29B	1.25B	2.00B	1.67B	1.46B	1.54B	1.76B	1.60B	1.73B	1.71B	2.04B	1.68B	1.84B	2.07B	2.37B	2.23B	4.08B	5.68B	5.14B	4.87B	4.86B	6.25B	6.01B	5.68B	5.42B	7.09B	6.87B	6.70B	6.44B	8.31B	8.39B	7.76B	11.75B	21.61B	18.45B	16.96B	2.91B	3.53B	3.72B	3.77B	3.79B	4.15B	4.18B	3.99B	3.90B	4.52B	4.74B	5.43B	5.17B
Receivables - Other							0.01B	0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.03B	0.00B	0.00B	0.03B	0.03B	0.23B	0.00B	0.02B	0.22B	0.04B	0.20B	0.01B	0.26B	0.05B	0.01B	0.02B	0.03B	0.42B	0.01B	0.61B	0.59B	0.50B	0.77B	0.70B	0.05B	0.56B	0.80B	0.01B	0.74B	0.60B	0.91B	0.03B	0.81B	0.73B	1.20B	1.10B	1.05B	0.91B	1.39B	1.29B	1.24B	1.09B	1.64B	1.54B	1.49B	1.27B	1.95B	1.91B	2.10B	0.64B
Receivables	0.69B		0.92B	0.70B	0.00B	0.72B	1.30B	0.99B	1.03B	1.08B	1.37B	1.05B	1.10B	1.05B	1.25B	1.10B	1.29B	1.26B	2.02B	1.70B	1.70B	1.55B	1.78B	1.82B	1.77B	1.90B	2.05B	1.94B	1.89B	2.08B	2.39B	2.25B	4.50B	5.68B	5.75B	5.46B	5.35B	7.02B	6.71B	5.74B	5.98B	7.89B	6.88B	7.44B	7.04B	9.22B	8.42B	8.57B	12.48B	22.81B	19.55B	18.01B	3.82B	4.92B	5.01B	5.01B	4.88B	5.79B	5.71B	5.48B	5.17B	6.47B	6.65B	7.52B	5.81B
Current Deferred Tax Assets																	0.08B				0.10B	0.10B	0.11B	0.11B	0.12B
Prepaid Assets	0.12B				0.13B	0.12B	0.13B	0.15B	0.19B	0.17B	0.16B	0.18B	0.18B	0.23B	0.20B	0.26B	0.26B	0.29B	0.36B	0.67B	0.67B	0.59B	0.73B	0.70B	0.59B	0.50B	0.61B	0.60B	0.63B	0.59B	0.66B	0.68B	0.88B	0.75B	0.88B	0.95B	1.02B	0.88B	0.99B	1.04B	1.07B	0.80B	0.88B	1.02B	1.11B	1.00B	1.17B	1.37B	1.45B	1.27B	1.50B	1.56B	0.40B	0.30B	0.42B	0.44B	0.45B	0.41B	0.40B	0.44B	0.52B	0.46B	0.51B	0.71B	0.89B
Current Assets	1.54B				1.73B	1.75B	2.42B	2.09B	2.20B	2.23B	2.63B	2.32B	2.43B	2.30B	2.60B	2.55B	2.88B	3.20B	4.44B	3.97B	3.81B	3.59B	4.26B	4.02B	4.21B	3.94B	4.49B	4.21B	4.42B	4.48B	5.11B	5.09B	7.27B	8.53B	8.37B	8.08B	8.12B	9.67B	9.55B	9.33B	9.12B	10.53B	10.76B	11.20B	11.12B	12.67B	15.94B	15.14B	17.67B	27.52B	24.74B	23.80B	22.29B	28.78B	36.85B	35.94B	32.12B	41.48B	43.31B	37.28B	44.11B	53.44B	57.84B	43.01B	34.36B
Non-Current Assets
Construction in Progress																									0.05B				0.01B				0.02B				0.01B				0.02B				0.01B				0.02B				0.06B				0.05B				0.06B
Land & Improvements																													0.14B				0.14B				0.14B				0.14B				0.15B				0.15B				0.15B				0.17B				0.17B
Property, Plant & Equipment (Net)	0.08B				0.08B	0.08B	0.09B	0.09B	0.09B	0.10B	0.10B	0.10B	0.11B	0.11B	0.12B	0.15B	0.16B	0.17B	0.19B	0.20B	0.20B	0.19B	0.20B	0.20B	0.25B	0.22B	0.21B	0.21B	0.38B	0.38B	0.39B	0.41B	0.41B	0.42B	0.43B	0.43B	0.44B	0.45B	0.46B	0.46B	0.47B	0.45B	0.46B	0.46B	0.45B	0.45B	0.45B	0.45B	0.50B	0.51B	0.57B	0.56B	0.58B	0.58B	0.64B	0.65B	0.73B	0.70B	0.66B	0.66B	0.65B	0.65B	0.69B	0.80B	0.79B
Long-Term Investments																													0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B
Goodwill	0.74B				0.88B	0.93B	1.07B	1.09B	1.16B	1.20B	1.29B	1.37B	1.47B	1.47B	1.51B	1.77B	2.15B	2.14B	3.03B	3.30B	3.45B	3.42B	3.57B	3.58B	3.66B	3.69B	3.72B	3.76B	3.75B	3.90B	3.99B	4.16B	4.16B	4.24B	4.40B	4.50B	4.63B	4.80B	5.24B	5.31B	5.62B	5.56B	5.76B	5.83B	6.13B	6.51B	6.63B	6.63B	8.67B	8.73B	9.04B	8.84B	9.49B	9.70B	10.51B	10.47B	11.48B	11.53B	11.92B	12.19B	12.27B	12.71B	13.74B	22.21B	22.59B
Intangibles	0.44B				0.48B	0.49B	0.56B	0.56B	0.56B	0.60B	0.64B	0.72B	0.81B	0.77B	0.78B	0.92B	1.08B	1.09B	1.63B	1.77B	1.78B	1.72B	1.76B	1.74B	1.70B	1.67B	1.66B	1.63B	1.63B	1.68B	1.66B	1.67B	1.64B	1.64B	1.73B	1.77B	1.77B	1.84B	2.01B	2.07B	2.32B	2.25B	2.23B	2.19B	2.40B	2.48B	2.45B	2.34B	3.95B	3.88B	3.19B	3.05B	3.37B	3.40B	3.72B	3.58B	4.63B	4.62B	4.39B	4.35B	4.53B	4.53B	5.13B	10.75B	10.68B
Goodwill & Intangibles	1.18B				1.37B	1.42B	1.64B	1.65B	1.72B	1.79B	1.93B	2.10B	2.28B	2.24B	2.29B	2.69B	3.22B	3.24B	4.66B	5.07B	5.23B	5.14B	5.33B	5.32B	5.36B	5.37B	5.38B	5.39B	5.38B	5.58B	5.65B	5.83B	5.81B	5.88B	6.13B	6.27B	6.40B	6.64B	7.25B	7.39B	7.94B	7.80B	7.98B	8.03B	8.53B	8.99B	9.08B	8.97B	12.62B	12.61B	12.23B	11.89B	12.86B	13.11B	14.23B	14.05B	16.11B	16.15B	16.30B	16.55B	16.80B	17.25B	18.87B	32.97B	33.28B
Long-Term Deferred Tax	0.27B				0.25B	0.24B	0.23B	0.21B	0.24B	0.24B	0.24B	0.24B	0.25B	0.26B	0.28B	0.28B	0.28B	0.29B	0.33B	0.35B	0.39B	0.40B	0.44B	0.49B	0.64B	0.66B	0.70B	0.75B	0.80B	0.81B	0.86B	0.92B	0.00B	0.71B	0.72B	0.74B	0.00B	0.87B	0.91B	0.95B	0.95B	1.00B	1.01B	1.05B	1.09B	1.09B	1.13B	1.17B	0.02B	1.17B	1.14B	1.14B	1.30B	1.24B	1.16B	1.11B	1.13B	1.05B	1.04B	1.02B	0.96B	0.89B	0.69B	0.03B	0.04B
Other Non-Current Assets	0.18B				0.18B	0.20B	0.21B	0.20B	0.24B	0.25B	0.23B	0.25B	0.28B	0.32B	0.27B	0.30B	0.32B	0.38B	0.40B	0.40B	0.39B	0.41B	0.49B	0.48B	0.44B	0.53B	0.61B	0.63B	0.50B	0.54B	0.56B	0.56B	0.57B	0.59B	0.59B	0.58B	0.57B	0.63B	0.67B	0.66B	0.77B	0.67B	0.73B	0.73B	0.77B	0.85B	0.86B	0.85B	0.97B	0.98B	0.95B	0.93B	0.99B	1.03B	1.11B	1.09B	1.13B	1.20B	1.31B	1.36B	1.35B	1.49B	1.57B	1.63B	1.60B
Non-Current Assets	1.71B				1.87B	0.88B	1.11B	1.13B	2.28B	1.22B	1.32B	1.51B	2.92B	1.65B	1.72B	2.12B	3.98B	2.57B	3.58B	4.40B	6.20B	4.50B	4.63B	4.62B	6.70B	4.74B	4.74B	4.76B	9.11B	8.35B	8.10B	7.93B	7.64B	5.25B	5.41B	8.03B	8.22B	8.96B	9.65B	9.85B	10.52B	10.31B	10.55B	10.61B	11.21B	11.75B	11.88B	11.78B	15.57B	15.38B	15.11B	14.72B	16.07B	16.32B	17.52B	17.27B	19.50B	19.50B	19.69B	19.96B	20.14B	20.66B	22.28B	36.06B	36.31B
Assets	3.25B		2.63B	2.49B	3.60B	2.63B	3.53B	3.22B	4.48B	3.45B	3.96B	3.83B	5.35B	3.95B	4.33B	4.66B	6.86B	5.77B	8.02B	8.38B	10.01B	8.09B	8.89B	8.64B	10.91B	8.68B	9.23B	8.97B	13.53B	12.83B	13.20B	13.02B	14.91B	13.78B	13.78B	16.11B	16.33B	18.63B	19.20B	19.17B	19.63B	20.84B	21.31B	21.81B	22.33B	24.41B	27.82B	26.92B	33.24B	42.90B	39.85B	38.52B	38.36B	45.09B	54.37B	53.20B	51.62B	60.98B	63.01B	57.24B	64.25B	74.10B	80.12B	79.07B	70.67B
Liabilities
Current Liabilities
Accounts Payables	1.17B				1.25B	1.21B	1.93B	1.60B	1.62B	1.64B	2.04B	1.70B	1.82B	1.73B	1.95B	1.88B	2.15B	1.97B	2.82B	2.76B	2.62B	2.45B	2.90B	2.71B	2.88B	2.72B	3.22B	2.87B	3.00B	3.03B	3.55B	3.51B	4.99B	6.07B	5.98B	5.69B	5.74B	6.74B	6.87B	6.57B	6.35B	7.78B	7.95B	7.95B	7.78B	9.21B	9.72B	9.16B	13.85B	23.18B	20.38B	19.27B	18.70B
Notes Payables							0.04B		0.01B	0.09B	0.05B		0.13B	0.05B		0.24B	0.63B	0.47B	0.25B	0.15B	0.14B	0.12B	0.15B	0.15B	0.24B	0.35B	0.28B	0.61B	0.58B	0.69B	0.37B	0.12B	0.29B	0.36B	0.23B	0.23B	0.36B	0.36B	0.42B	0.49B	0.62B	0.46B	0.23B	0.12B	0.07B		0.20B	0.20B	0.24B	0.25B	0.71B	0.44B	0.31B	0.68B	0.92B	0.42B	0.67B	0.11B	0.28B	0.20B	0.20B	0.52B	0.64B	0.77B	0.64B
Payables	1.17B				1.25B	1.21B	1.96B	1.60B	1.63B	1.73B	2.09B	1.70B	1.95B	1.78B	1.95B	2.11B	2.79B	2.44B	3.07B	2.90B	2.76B	2.56B	3.06B	2.86B	3.12B	3.08B	3.50B	3.47B	3.57B	3.72B	3.91B	3.63B	5.28B	6.43B	6.22B	5.92B	6.11B	7.10B	7.30B	7.06B	6.97B	8.23B	8.18B	8.08B	7.86B	9.21B	9.92B	9.36B	14.09B	23.43B	21.09B	19.71B	19.01B	0.68B	0.92B	0.42B	0.67B	0.11B	0.28B	0.20B	0.20B	0.52B	0.64B	0.77B	0.64B
Accumulated Expenses	0.21B				0.23B	0.17B	0.22B	0.25B	0.30B	0.21B	0.24B	0.29B	0.31B	0.34B	0.28B	0.36B	0.37B	0.47B	0.49B	0.56B	0.62B	0.65B	0.63B	0.65B	0.81B	0.73B	0.66B	0.65B	0.77B	0.82B	0.71B	0.77B	0.95B	0.80B	0.84B	0.94B	1.06B	1.00B	1.07B	1.26B	1.35B	1.06B	1.13B	1.38B	1.60B	1.63B	1.41B	1.54B	1.90B	1.97B	1.68B	1.97B	2.00B	2.23B	2.06B	2.43B	2.55B	3.47B	3.11B	3.22B	3.59B	3.97B	2.82B	3.51B	4.02B
Other Accumulated Expenses	0.05B				0.04B	0.04B	0.04B	0.03B	0.07B	0.03B	0.04B	0.03B	0.04B	0.03B	0.04B	0.04B	0.04B	0.03B	0.08B	0.06B	0.06B	0.05B	0.06B	0.05B	0.05B	0.05B	0.05B	0.06B	0.07B	0.06B	0.06B	0.06B	-0.06B
Short term Debt							0.04B		0.01B	0.09B	0.05B		0.13B	0.05B		0.24B	0.63B	0.47B	0.25B	0.15B	0.14B	0.12B	0.15B	0.15B	0.24B	0.35B	0.28B	0.61B	0.58B	0.69B	0.37B	0.12B	0.29B	0.36B	0.23B	0.23B	0.36B	0.36B	0.42B	0.49B	0.62B	0.46B	0.23B	0.12B	0.07B		0.20B	0.20B	0.24B	0.25B	0.71B	0.44B	0.31B	0.68B	0.92B	0.42B	0.67B	0.11B	0.28B	0.20B	0.20B	0.52B	0.64B	0.77B	0.64B
Current Deferred Revenue																																	0.43B	0.47B	0.47B	0.47B	0.46B	0.48B	0.50B	0.49B	0.43B	0.49B	0.45B	0.47B	0.48B	0.53B	0.53B	0.53B	0.52B	0.58B	0.56B	0.53B	0.55B	0.63B	0.66B	0.63B	0.64B	0.72B	0.70B	0.68B	0.54B	0.63B	0.63B	0.77B	0.74B
Total Current Liabilities	1.47B				1.58B	1.49B	2.29B	1.94B	2.07B	2.04B	2.44B	2.09B	2.36B	2.22B	2.34B	2.58B	3.28B	3.03B	3.88B	3.77B	3.64B	3.44B	3.91B	3.73B	4.19B	4.02B	4.38B	4.40B	4.61B	4.78B	4.86B	4.71B	6.73B	7.74B	7.57B	7.42B	7.69B	8.64B	8.93B	8.91B	8.92B	9.84B	9.86B	10.12B	10.13B	11.52B	12.02B	11.66B	16.73B	26.14B	23.50B	22.46B	21.34B	27.10B	35.59B	34.47B	31.06B	39.64B	41.61B	35.20B	29.26B	37.04B	42.54B	40.76B	32.52B
Non-Current Liabilities
Non-Current Debt	0.55B				0.55B	0.68B	0.68B	0.68B	0.68B	0.68B	0.68B	0.72B	0.72B	0.72B	0.93B	0.82B	0.82B	1.43B	2.12B	2.12B	2.12B	2.12B	2.12B	2.12B	2.07B	2.07B	2.34B	2.04B	2.14B	2.14B	2.64B	2.74B	2.69B	2.79B	3.14B	3.14B	3.09B	3.69B	3.82B	3.82B	3.82B	4.32B	4.32B	4.27B	4.27B	4.37B	5.71B	5.07B	5.81B	5.76B	5.56B	5.56B	5.56B	6.02B	6.02B	6.02B	7.01B	7.99B	7.79B	7.79B	12.73B	12.42B	12.10B	12.10B	12.10B
Non-Current Deffered Revenue																																	0.08B	0.07B	0.08B	0.08B	0.08B	0.08B	0.08B	0.07B	0.07B	0.07B	0.07B	0.07B	0.07B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.07B	0.07B	0.07B	0.07B	0.07B	0.12B	0.15B
Minority Interest																					0.08B	0.07B	0.07B	0.06B	0.05B	0.06B	0.06B	0.05B	0.06B	0.06B	0.07B	0.06B	0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.07B	0.07B	0.06B	0.04B	0.05B	0.05B	0.05B	0.05B	0.04B	0.05B	0.05B	0.05B	0.05B	0.06B	0.05B	0.04B	0.04B	0.05B	0.04B	0.04B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B
Non-Current Deferred Tax Liability							0.02B	0.02B		0.01B	0.03B	0.04B			0.01B	0.02B		0.00B	0.07B	0.11B		0.00B	0.01B	0.01B		0.00B	0.02B	0.02B		0.01B	0.01B	0.01B		0.00B	0.04B	0.06B						0.00B	0.00B	0.00B		0.03B	0.03B	0.02B		0.01B	0.02B	0.02B		0.01B	0.11B	0.11B		0.01B	0.01B	0.01B		0.05B
Operating Leases																																						0.41B	0.40B	0.42B	0.34B	0.32B	0.31B	0.29B	0.32B	0.32B	0.30B	0.28B	0.31B	0.33B	0.31B	0.30B	0.30B	0.31B	0.33B	0.32B	0.35B	0.34B	0.34B	0.33B	0.33B	0.33B	0.40B	0.58B	0.65B
Other Non-Current Liabilities	0.33B				0.36B	0.38B	0.42B	0.41B	0.49B	0.53B	0.54B	0.56B	0.61B	0.62B	0.59B	0.64B	0.67B	0.67B	0.77B	0.84B	0.94B	0.95B	0.97B	0.95B	0.96B	0.97B	1.00B	1.02B	1.08B	1.12B	1.16B	1.19B	1.11B	0.93B	0.93B	0.86B	0.90B	0.94B	1.10B	1.13B	1.27B	1.23B	1.22B	1.26B	1.31B	1.37B	1.37B	1.37B	1.87B	1.81B	1.69B	1.66B	1.90B	1.74B	1.92B	1.81B	2.32B	1.60B	1.61B	1.65B	1.69B	1.89B	1.96B	2.27B	2.02B
Total Non-Current Liabilities	2.02B				2.13B	2.16B	2.96B	2.62B	2.75B	2.72B	3.12B	2.82B	3.09B	2.94B	3.27B	3.40B	4.11B	4.46B	6.00B	5.89B	5.77B	5.56B	6.03B	5.85B	6.26B	6.09B	6.73B	6.44B	6.76B	6.93B	7.50B	7.45B	9.50B	10.61B	10.79B	10.64B	10.86B	12.74B	13.15B	13.13B	13.15B	14.54B	14.55B	14.74B	14.79B	16.26B	18.10B	17.07B	22.91B	32.30B	29.44B	28.38B	27.26B	33.49B	42.01B	40.88B	38.48B	48.03B	49.80B	43.38B	42.39B	49.85B	55.11B	53.56B	45.29B
Total Liabilities	2.36B				2.49B	2.54B	3.38B	3.03B	3.24B	3.25B	3.66B	3.37B	3.69B	3.56B	3.86B	4.04B	4.78B	5.13B	6.77B	6.73B	6.70B	6.51B	7.00B	6.80B	7.22B	7.06B	7.73B	7.46B	7.83B	8.05B	8.66B	8.64B	10.61B	11.54B	11.72B	11.50B	11.76B	13.67B	14.25B	14.26B	14.42B	15.77B	15.77B	16.00B	16.10B	17.64B	19.46B	18.45B	24.78B	34.12B	31.13B	30.04B	29.17B	35.24B	43.93B	42.69B	40.80B	49.63B	51.41B	45.03B	44.08B	51.74B	57.07B	55.83B	47.32B
Shareholder's Equity
Total Debt	0.55B				0.55B	0.68B	0.71B	0.68B	0.69B	0.77B	0.72B	0.72B	0.85B	0.78B	0.93B	1.06B	1.46B	1.89B	2.38B	2.27B	2.27B	2.24B	2.28B	2.28B	2.32B	2.43B	2.63B	2.65B	2.72B	2.84B	3.01B	2.87B	2.98B	3.15B	3.38B	3.37B	3.46B	4.05B	4.24B	4.31B	4.44B	4.77B	4.54B	4.39B	4.34B	4.37B	5.91B	5.27B	6.06B	6.01B	6.27B	6.00B	5.87B	6.70B	6.94B	6.45B	7.68B	8.10B	8.07B	7.99B	12.93B	12.93B	12.74B	12.87B	12.74B
Common Equity	0.89B				1.11B	1.15B	1.20B	1.22B	1.24B	1.36B	1.47B	1.64B	1.67B	1.66B	1.70B	1.93B	2.11B	2.14B	3.25B	3.26B	3.31B	3.22B	3.71B	3.71B	3.69B	3.65B	3.66B	3.74B	3.78B	3.73B	3.91B	4.17B	4.30B	4.58B	4.51B	4.61B	4.57B	4.96B	4.95B	4.91B	5.22B	5.07B	5.53B	5.82B	6.23B	6.78B	8.35B	8.47B	8.56B	9.04B	8.86B	8.63B	9.19B	9.86B	10.44B	10.51B	10.81B	11.34B	11.60B	12.21B	20.18B	22.35B	23.06B	23.24B	23.35B
Shareholder's Equity	0.89B				1.11B	1.15B	1.20B	1.22B	1.24B	1.36B	1.47B	1.64B	1.67B	1.66B	1.70B	1.93B	2.11B	2.14B	3.25B	3.26B	3.31B	3.22B	3.71B	3.71B	3.69B	3.65B	3.66B	3.74B	3.78B	3.73B	3.91B	4.17B	4.30B	4.58B	4.51B	4.61B	4.57B	4.96B	4.95B	4.91B	5.22B	5.07B	5.53B	5.82B	6.23B	6.78B	8.35B	8.47B	8.56B	9.04B	8.86B	8.63B	9.19B	9.86B	10.44B	10.51B	10.81B	11.34B	11.60B	12.21B	20.18B	22.35B	23.06B	23.24B	23.35B
Liabilities and Shareholders Equity	3.25B		2.63B	2.49B	3.60B	2.63B	3.53B	3.22B	4.48B	3.45B	3.96B	3.83B	5.35B	3.95B	4.33B	4.66B	6.86B	5.77B	8.02B	8.38B	10.01B	8.09B	8.89B	8.64B	10.91B	8.68B	9.23B	8.97B	13.53B	12.83B	13.20B	13.02B	14.91B	13.78B	13.78B	16.11B	16.33B	18.63B	19.20B	19.17B	19.63B	20.84B	21.31B	21.81B	22.33B	24.41B	27.82B	26.92B	33.24B	42.90B	39.85B	38.52B	38.36B	45.09B	54.37B	53.20B	51.62B	60.98B	63.01B	57.24B	64.25B	74.10B	80.12B	79.07B	70.67B
Retained Earnings	0.45B				0.02B	0.47B	0.47B	0.48B	-0.05B	0.47B	0.50B	0.52B	-0.05B	0.51B	0.55B	0.58B	-0.03B	0.60B	0.65B	0.68B	-0.26B	0.64B	0.71B	0.78B	-0.52B	0.75B	0.84B	0.89B	-0.76B	0.90B	1.00B	1.06B	-0.56B	1.43B	1.47B	1.52B	-0.79B	1.81B	1.84B	1.88B	-0.76B	2.16B	2.23B	2.32B	-0.64B	2.66B	2.75B	2.87B	-0.73B	3.21B	3.39B	3.54B	-1.14B	3.93B	4.05B	4.21B	4.05B	4.53B	4.68B	4.86B	4.99B	5.52B	5.72B	5.82B	5.81B
Treasury Shares	-0.00B												-0.00B													0.00B	0.00B	0.00B	0.00B				0.00B	0.00B	0.00B	0.00B	0.00B

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Arthur J. Gallagher Balance Sheet (2009-2025) | AJG

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