Arthur J Gallagher & Co (AJG) - Net Assets
Based on the latest financial reports, Arthur J Gallagher & Co (AJG) has net assets worth $23.35 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($70.67 Billion) and total liabilities ($47.32 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AJG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.35 Billion |
| % of Total Assets | 33.04% |
| Annual Growth Rate | 17.6% |
| 5-Year Change | 172.74% |
| 10-Year Change | 538.63% |
| Growth Volatility | 18.32 |
Arthur J Gallagher & Co - Net Assets Trend (1985–2025)
This chart illustrates how Arthur J Gallagher & Co's net assets have evolved over time, based on quarterly financial data. Also explore AJG total assets for the complete picture of this company's asset base.
Annual Net Assets for Arthur J Gallagher & Co (1985–2025)
The table below shows the annual net assets of Arthur J Gallagher & Co from 1985 to 2025. For live valuation and market cap data, see Arthur J Gallagher & Co market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $23.35 Billion | +15.70% |
| 2024-12-31 | $20.18 Billion | +86.58% |
| 2023-12-31 | $10.82 Billion | +17.68% |
| 2022-12-31 | $9.19 Billion | +7.36% |
| 2021-12-31 | $8.56 Billion | +37.34% |
| 2020-12-31 | $6.23 Billion | +19.50% |
| 2019-12-31 | $5.22 Billion | +14.13% |
| 2018-12-31 | $4.57 Billion | +9.72% |
| 2017-12-31 | $4.16 Billion | +13.93% |
| 2016-12-31 | $3.66 Billion | -0.88% |
| 2015-12-31 | $3.69 Billion | +14.21% |
| 2014-12-31 | $3.23 Billion | +54.85% |
| 2013-12-31 | $2.09 Billion | +25.74% |
| 2012-12-31 | $1.66 Billion | +33.37% |
| 2011-12-31 | $1.24 Billion | +12.37% |
| 2010-12-31 | $1.11 Billion | +23.94% |
| 2009-12-31 | $892.90 Million | +20.91% |
| 2008-12-31 | $738.50 Million | +3.21% |
| 2007-12-31 | $715.50 Million | -17.20% |
| 2006-12-31 | $864.10 Million | +12.35% |
| 2005-12-31 | $769.10 Million | +1.06% |
| 2004-12-31 | $761.00 Million | +22.92% |
| 2003-12-31 | $619.10 Million | +17.22% |
| 2002-12-31 | $528.15 Million | +42.13% |
| 2001-12-31 | $371.61 Million | +18.21% |
| 2000-12-31 | $314.37 Million | +29.64% |
| 1999-12-31 | $242.50 Million | +19.75% |
| 1998-12-31 | $202.50 Million | +23.55% |
| 1997-12-31 | $163.90 Million | +21.86% |
| 1996-12-31 | $134.50 Million | +13.89% |
| 1995-12-31 | $118.10 Million | +22.13% |
| 1994-12-31 | $96.70 Million | -20.35% |
| 1993-12-31 | $121.40 Million | +33.11% |
| 1992-12-31 | $91.20 Million | +6.29% |
| 1991-12-31 | $85.80 Million | +4.76% |
| 1990-12-31 | $81.90 Million | +10.38% |
| 1989-12-31 | $74.20 Million | +9.93% |
| 1988-12-31 | $67.50 Million | +6.80% |
| 1987-12-31 | $63.20 Million | +16.39% |
| 1986-12-31 | $54.30 Million | +52.53% |
| 1985-12-31 | $35.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Arthur J Gallagher & Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 22145.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.81 Billion | 24.90% |
| Common Stock | $257.00 Million | 1.10% |
| Other Comprehensive Income | $-525.00 Million | -2.25% |
| Other Components | $17.78 Billion | 76.25% |
| Total Equity | $23.32 Billion | 100.00% |
Arthur J Gallagher & Co Competitors by Market Cap
The table below lists competitors of Arthur J Gallagher & Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Diamondback Energy Inc
NASDAQ:FANG
|
$52.60 Billion |
|
Takeda Pharmaceutical Co Ltd ADR
NYSE:TAK
|
$52.60 Billion |
|
Target Corporation
NYSE:TGT
|
$52.60 Billion |
|
Vistra Energy Corp
NYSE:VST
|
$52.61 Billion |
|
VOLVO B (FRIA) UNSP.ADR
F:VOL4
|
$52.48 Billion |
|
Ferguson Plc
NYSE:FERG
|
$52.48 Billion |
|
SINGAP.TELE. ADR NEW06/10
F:SIT
|
$52.47 Billion |
|
Infosys Ltd ADR
NYSE:INFY
|
$52.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arthur J Gallagher & Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,153,500,000 to 23,321,000,000, a change of 3,167,500,000 (15.7%).
- Net income of 1,493,900,000 contributed positively to equity growth.
- Dividend payments of 667,000,000 reduced retained earnings.
- Share repurchases of 1,499,000,000 reduced equity.
- New share issuances of 1,499,000,000 increased equity.
- Other comprehensive income increased equity by 626,100,000.
- Other factors increased equity by 1,714,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.49 Billion | +6.41% |
| Dividends Paid | $667.00 Million | -2.86% |
| Share Repurchases | $1.50 Billion | -6.43% |
| Share Issuances | $1.50 Billion | +6.43% |
| Other Comprehensive Income | $626.10 Million | +2.68% |
| Other Changes | $1.71 Billion | +7.35% |
| Total Change | $- | 15.72% |
Book Value vs Market Value Analysis
This analysis compares Arthur J Gallagher & Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 206.69x to 2.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.01 | $208.11 | x |
| 1986-12-31 | $1.23 | $208.11 | x |
| 1987-12-31 | $1.44 | $208.11 | x |
| 1988-12-31 | $1.20 | $208.11 | x |
| 1989-12-31 | $1.46 | $208.11 | x |
| 1990-12-31 | $1.62 | $208.11 | x |
| 1991-12-31 | $1.46 | $208.11 | x |
| 1992-12-31 | $1.40 | $208.11 | x |
| 1993-12-31 | $1.65 | $208.11 | x |
| 1994-12-31 | $1.52 | $208.11 | x |
| 1995-12-31 | $1.70 | $208.11 | x |
| 1996-12-31 | $1.95 | $208.11 | x |
| 1997-12-31 | $2.28 | $208.11 | x |
| 1998-12-31 | $2.66 | $208.11 | x |
| 1999-12-31 | $2.53 | $208.11 | x |
| 2000-12-31 | $3.52 | $208.11 | x |
| 2001-12-31 | $4.12 | $208.11 | x |
| 2002-12-31 | $5.73 | $208.11 | x |
| 2003-12-31 | $6.65 | $208.11 | x |
| 2004-12-31 | $8.05 | $208.11 | x |
| 2005-12-31 | $8.00 | $208.11 | x |
| 2006-12-31 | $8.81 | $208.11 | x |
| 2007-12-31 | $7.37 | $208.11 | x |
| 2008-12-31 | $7.83 | $208.11 | x |
| 2009-12-31 | $8.87 | $208.11 | x |
| 2010-12-31 | $10.21 | $208.11 | x |
| 2011-12-31 | $11.06 | $208.11 | x |
| 2012-12-31 | $13.54 | $208.11 | x |
| 2013-12-31 | $15.98 | $208.11 | x |
| 2014-12-31 | $20.93 | $208.11 | x |
| 2015-12-31 | $21.00 | $208.11 | x |
| 2016-12-31 | $20.16 | $208.11 | x |
| 2017-12-31 | $22.54 | $208.11 | x |
| 2018-12-31 | $24.17 | $208.11 | x |
| 2019-12-31 | $27.12 | $208.11 | x |
| 2020-12-31 | $31.72 | $208.11 | x |
| 2021-12-31 | $41.04 | $208.11 | x |
| 2022-12-31 | $42.59 | $208.11 | x |
| 2023-12-31 | $49.13 | $208.11 | x |
| 2024-12-31 | $90.01 | $208.11 | x |
| 2025-12-31 | $89.58 | $208.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arthur J Gallagher & Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.72%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 3.03x
- Recent ROE (6.41%) is below the historical average (19.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 27.81% | 12.13% | 0.55x | 4.14x | $6.34 Million |
| 1986 | 28.36% | 14.29% | 0.47x | 4.22x | $9.97 Million |
| 1987 | 25.63% | 13.18% | 0.48x | 4.02x | $9.88 Million |
| 1988 | 25.04% | 10.83% | 0.56x | 4.10x | $10.15 Million |
| 1989 | 23.32% | 9.99% | 0.59x | 3.96x | $9.88 Million |
| 1990 | 21.61% | 8.93% | 0.62x | 3.90x | $9.51 Million |
| 1991 | 21.91% | 8.11% | 0.62x | 4.39x | $10.22 Million |
| 1992 | 25.77% | 8.62% | 0.68x | 4.40x | $14.38 Million |
| 1993 | 26.61% | 10.69% | 0.65x | 3.82x | $20.16 Million |
| 1994 | 35.68% | 9.95% | 0.77x | 4.66x | $24.83 Million |
| 1995 | 35.90% | 10.00% | 0.86x | 4.20x | $30.59 Million |
| 1996 | 32.86% | 9.83% | 0.76x | 4.39x | $30.75 Million |
| 1997 | 35.14% | 10.98% | 0.82x | 3.92x | $41.21 Million |
| 1998 | 28.98% | 10.07% | 0.78x | 3.68x | $38.43 Million |
| 1999 | 34.33% | 11.67% | 0.81x | 3.65x | $58.99 Million |
| 2000 | 29.57% | 11.61% | 0.75x | 3.38x | $61.52 Million |
| 2001 | 33.72% | 14.11% | 0.60x | 3.96x | $88.14 Million |
| 2002 | 24.60% | 12.25% | 0.43x | 4.66x | $77.08 Million |
| 2003 | 23.61% | 11.97% | 0.42x | 4.69x | $84.29 Million |
| 2004 | 24.77% | 13.12% | 0.44x | 4.25x | $112.40 Million |
| 2005 | 4.00% | 2.16% | 0.42x | 4.41x | $-46.11 Million |
| 2006 | 14.87% | 8.74% | 0.43x | 3.96x | $42.09 Million |
| 2007 | 19.40% | 8.55% | 0.46x | 4.97x | $67.25 Million |
| 2008 | 10.47% | 4.70% | 0.50x | 4.43x | $3.45 Million |
| 2009 | 14.40% | 7.44% | 0.53x | 3.64x | $39.31 Million |
| 2010 | 15.73% | 9.34% | 0.52x | 3.25x | $63.43 Million |
| 2011 | 11.59% | 6.75% | 0.48x | 3.61x | $19.74 Million |
| 2012 | 11.76% | 7.74% | 0.47x | 3.23x | $29.14 Million |
| 2013 | 12.88% | 8.45% | 0.46x | 3.29x | $60.05 Million |
| 2014 | 9.39% | 6.56% | 0.46x | 3.10x | $-19.54 Million |
| 2015 | 9.81% | 6.62% | 0.49x | 3.00x | $-7.03 Million |
| 2016 | 11.03% | 6.99% | 0.49x | 3.19x | $37.14 Million |
| 2017 | 11.72% | 7.71% | 0.48x | 3.14x | $70.78 Million |
| 2018 | 14.08% | 9.15% | 0.42x | 3.63x | $183.61 Million |
| 2019 | 12.97% | 9.39% | 0.36x | 3.81x | $153.25 Million |
| 2020 | 13.24% | 11.69% | 0.31x | 3.61x | $200.18 Million |
| 2021 | 10.66% | 11.05% | 0.25x | 3.92x | $55.96 Million |
| 2022 | 12.19% | 13.03% | 0.22x | 4.20x | $199.84 Million |
| 2023 | 9.00% | 9.63% | 0.20x | 4.79x | $-108.03 Million |
| 2024 | 7.26% | 12.66% | 0.18x | 3.19x | $-552.65 Million |
| 2025 | 6.41% | 10.72% | 0.20x | 3.03x | $-838.20 Million |
Industry Comparison
This section compares Arthur J Gallagher & Co's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $707,243,667
- Average return on equity (ROE) among peers: 9.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arthur J Gallagher & Co (AJG) | $23.35 Billion | 27.81% | 2.03x | $52.50 Billion |
| Fanhua Inc. (AIFU) | $1.95 Billion | 13.72% | 0.58x | $162.32 Million |
| Aon PLC (AON) | $2.29 Billion | 14.15% | 6.12x | $66.82 Billion |
| Accelerant Holdings (ARX) | $350.00 Million | -26.20% | 5.28x | $1.50 Billion |
| Brown & Brown Inc (BRO) | $13.40 Million | 34.33% | 4.85x | $19.62 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $1.19 Billion | -2.58% | 1.42x | $2.12 Billion |
| Crawford & Company (CRD-A) | $215.69 Million | 6.96% | 3.14x | $310.54 Million |
| Crawford & Company (CRD-B) | $139.83 Million | 21.89% | 4.72x | $182.26 Million |
| CorVel Corp (CRVL) | $138.65 Million | 21.26% | 0.70x | $2.36 Billion |
| eHealth Inc (EHTH) | $77.60 Million | 0.39% | 0.40x | $41.02 Million |
About Arthur J Gallagher & Co
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. The company operates in Brokerage and Risk Management segments. Its Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; ass… Read more