---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-015499"
form_type: "8-K"
ticker: "AJG"
cik: "0000354190"
company_name: "Arthur J. Gallagher & Co."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:39:47.571937+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gallagher posts Q4 adjusted EPS of $1.85, up 24% YoY; revenue up 20%

## Summary
- Q4 adjusted diluted EPS $1.85, up 24% YoY ($1.49); full year adjusted EPS $8.76 vs $7.54.
- Brokerage segment Q4 revenue $2.05B, up 20% with 8.1% organic growth; Risk Management revenue $340M, up 17%.
- Closed 14 new mergers in Q4 with ~$410M annualized revenue; full year 51 acquisitions totaling ~$885M.
- Issued $1B senior notes in Nov (6.5% due 2034, 6.75% due 2054); total debt $7.74B at Dec 31, 2023.

## SEC filing metadata
- accession: 0001193125-24-015499
- form_type: 8-K
- ticker: AJG
- cik: 0000354190
- company_name: Arthur J. Gallagher & Co.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354190/000119312524015499/0001193125-24-015499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354190/000119312524015499/d721955d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-015499
- JSON: https://secwatch.observer/filing/0001193125-24-015499.json
- Plain text: https://secwatch.observer/filing/0001193125-24-015499.txt

## Key facts
- Earnings Releases
  Arthur J. Gallagher & Co. reported full year ended December 31, 2023 results: revenue $ 8,637.2, net income $ 1,169.4, EPS $ 5.30.
  - Period: full year ended December 31, 2023
  - Revenue: $ 8,637.2
  - Net income: $ 1,169.4
  - EPS: $ 5.30
  - Result: reported results
  source text: (Loss) EBITDAC (Loss) Per Share Segment Year 23 Year 22 Year 23 Year 22 Year 23 Year 22 Year 23 Year 22 (in millions) (in millions) (in millions) Brokerage, as reported $ 8,637.2 $ 7,303.8 $ 1,169.4 $ 1,201.8 $ 2,595.8 $ 2,239.2 $ 5.30 $ 5.58 Net gains on divestitures (9.6 ) (12.1 ) (7.2 ) (9.5 ) (9.6 ) (12.1 ) (0.03 ) (0.05 ) Acquisition integration — —
  evidence_url: https://www.sec.gov/Archives/edgar/data/354190/000119312524015499/0001193125-24-015499-index.htm
- Earnings Releases
  Arthur J. Gallagher & Co. reported quarter and full year ended December 31, 2023 results: revenue $ 2,393.1, net income $ (39.6), EPS $ (0.15).
  - Period: quarter and full year ended December 31, 2023
  - Revenue: $ 2,393.1
  - Net income: $ (39.6)
  - EPS: $ (0.15)
  - Result: reported results
  source text: adjustments (see page 7) — — 24.4 (26.1 ) 46.4 0.7 0.08 (0.12 ) Corporate, as adjusted * 1.2 0.3 (82.3 ) (70.3 ) (49.4 ) (58.6 ) (0.37 ) (0.32 ) Total Company, as reported $ 2,393.1 $ 1,995.2 $ (39.6 ) $ 135.5 $ 514.3 $ 452.1 $ (0.15 ) $ 0.63 Total Company, as adjusted * $ 2,389.0 $ 2,002.6 $ 408.4 $ 321.6 $ 669.0 $ 530.1 $ 1.85 $ 1.49 Total Brokerage & Risk
  evidence_url: https://www.sec.gov/Archives/edgar/data/354190/000119312524015499/0001193125-24-015499-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.