XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.23.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | Financial information relating to our segments for the three and nine-month periods ended September 30, 2023 and 2022 as follows (in millions):
| Three-month period ended September 30, |  |  | Nine-month period ended September 30, |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Brokerage |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,122.1 |  |  | $ | 1,736.2 |  |  | $ | 6,585.7 |  |  | $ | 5,599.5 |
Earnings before income taxes | $ | 454.0 |  |  | $ | 370.7 |  |  | $ | 1,535.4 |  |  | $ | 1,400.0 |
Identifiable assets at September 30, 2023 and 2022 * |  |  |  |  |  |  | $ | 49,325.8 |  |  | $ | 34,773.9 |
Risk Management |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 369.4 |  |  | $ | 307.5 |  |  | $ | 1,053.8 |  |  | $ | 899.4 |
Earnings before income taxes | $ | 56.4 |  |  | $ | 36.6 |  |  | $ | 151.8 |  |  | $ | 107.7 |
Identifiable assets at September 30, 2023 and 2022 * |  |  |  |  |  |  | $ | 1,275.9 |  |  | $ | 1,128.0 |
Corporate |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 0.5 |  |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 23.4 |
Loss before income taxes | $ | (146.3 | ) |  | $ | (92.3 | ) |  | $ | (419.9 | ) |  | $ | (302.7 | )
Identifiable assets at September 30, 2023 and 2022 * |  |  |  |  |  |  | $ | 2,602.2 |  |  | $ | 2,615.3 |
Total |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,492.0 |  |  | $ | 2,044.0 |  |  | $ | 7,640.0 |  |  | $ | 6,522.3 |
Earnings before income taxes | $ | 364.1 |  |  | $ | 315.0 |  |  | $ | 1,267.3 |  |  | $ | 1,205.0 |
Identifiable assets at September 30, 2023 and 2022 * |  |  |  |  |  |  | $ | 53,203.9 |  |  | $ | 38,517.2 |
* See Note 1 for a discussion on the 2022 impact of the change in presentation of fiduciary assets and liabilities.
Summary of Revenues by Type and Segment | Revenues by type and segment for the three-month period ended September 30, 2023 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 1,381.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,381.2 |
Fees |  |  | 523.0 |  |  |  | 323.1 |  |  |  | — |  |  |  | 846.1 |
Supplemental revenues |  |  | 70.8 |  |  |  | — |  |  |  | — |  |  |  | 70.8 |
Contingent revenues |  |  | 53.9 |  |  |  | — |  |  |  | — |  |  |  | 53.9 |
Investment income |  |  | 92.8 |  |  |  | 7.8 |  |  |  | — |  |  |  | 100.6 |
Net gains on divestitures |  |  | 0.4 |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.5 |
Other net revenues |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 0.5 |
Revenues before reimbursements |  |  | 2,122.1 |  |  |  | 331.0 |  |  |  | 0.5 |  |  |  | 2,453.6 |
Reimbursements |  |  | — |  |  |  | 38.4 |  |  |  | — |  |  |  | 38.4 |
Total revenues |  | $ | 2,122.1 |  |  | $ | 369.4 |  |  | $ | 0.5 |  |  | $ | 2,492.0 |
Revenues by type and segment for the nine-month period ended September 30, 2023 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 4,539.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,539.0 |
Fees |  |  | 1,414.2 |  |  |  | 928.1 |  |  |  | — |  |  |  | 2,342.3 |
Supplemental revenues |  |  | 223.6 |  |  |  | — |  |  |  | — |  |  |  | 223.6 |
Contingent revenues |  |  | 179.9 |  |  |  | — |  |  |  | — |  |  |  | 179.9 |
Investment income |  |  | 223.4 |  |  |  | 18.8 |  |  |  | — |  |  |  | 242.2 |
Net gains on divestitures |  |  | 5.6 |  |  |  | 0.3 |  |  |  | — |  |  |  | 5.9 |
Other net revenues |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 0.5 |
Revenues before reimbursements |  |  | 6,585.7 |  |  |  | 947.2 |  |  |  | 0.5 |  |  |  | 7,533.4 |
Reimbursements |  |  | — |  |  |  | 106.6 |  |  |  | — |  |  |  | 106.6 |
Total revenues |  | $ | 6,585.7 |  |  | $ | 1,053.8 |  |  | $ | 0.5 |  |  | $ | 7,640.0 |
Revenues by type and segment for the three-month period ended September 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 1,186.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,186.9 |
Fees |  |  | 396.0 |  |  |  | 275.3 |  |  |  | — |  |  |  | 671.3 |
Supplemental revenues |  |  | 64.7 |  |  |  | — |  |  |  | — |  |  |  | 64.7 |
Contingent revenues |  |  | 52.4 |  |  |  | — |  |  |  | — |  |  |  | 52.4 |
Investment income |  |  | 37.5 |  |  |  | 0.2 |  |  |  | — |  |  |  | 37.7 |
Net losses on divestitures |  |  | (1.3 | ) |  |  | — |  |  |  | — |  |  |  | (1.3 | )
Other net revenues |  |  | — |  |  |  | — |  |  |  | 0.3 |  |  |  | 0.3 |
Revenues before reimbursements |  |  | 1,736.2 |  |  |  | 275.5 |  |  |  | 0.3 |  |  |  | 2,012.0 |
Reimbursements |  |  | — |  |  |  | 32.0 |  |  |  | — |  |  |  | 32.0 |
Total revenues |  | $ | 1,736.2 |  |  | $ | 307.5 |  |  | $ | 0.3 |  |  | $ | 2,044.0 |
Revenues by type and segment for the nine-month period ended September 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 4,034.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,034.6 |
Fees |  |  | 1,111.5 |  |  |  | 801.6 |  |  |  | — |  |  |  | 1,913.1 |
Supplemental revenues |  |  | 204.7 |  |  |  | — |  |  |  | — |  |  |  | 204.7 |
Contingent revenues |  |  | 167.1 |  |  |  | — |  |  |  | — |  |  |  | 167.1 |
Investment income |  |  | 78.7 |  |  |  | 0.4 |  |  |  | — |  |  |  | 79.1 |
Net gains on divestitures |  |  | 2.9 |  |  |  | — |  |  |  | — |  |  |  | 2.9 |
Revenues from clean coal activities |  |  | — |  |  |  | — |  |  |  | 23.0 |  |  |  | 23.0 |
Other net revenues |  |  | — |  |  |  | — |  |  |  | 0.4 |  |  |  | 0.4 |
Revenues before reimbursements |  |  | 5,599.5 |  |  |  | 802.0 |  |  |  | 23.4 |  |  |  | 6,424.9 |
Reimbursements |  |  | — |  |  |  | 97.4 |  |  |  | — |  |  |  | 97.4 |
Total revenues |  | $ | 5,599.5 |  |  | $ | 899.4 |  |  | $ | 23.4 |  |  | $ | 6,522.3 |
Summary of Geographical Location and Segment | Revenues by geographical location and segment for the three-month period ended September 30, 2023 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,349.0 |  |  | $ | 313.2 |  |  | $ | 0.5 |  |  | $ | 1,662.7 |
United Kingdom |  |  | 427.3 |  |  |  | 11.9 |  |  |  | — |  |  |  | 439.2 |
Australia |  |  | 79.8 |  |  |  | 38.5 |  |  |  | — |  |  |  | 118.3 |
Canada |  |  | 89.8 |  |  |  | 1.8 |  |  |  | — |  |  |  | 91.6 |
New Zealand |  |  | 49.6 |  |  |  | 4.0 |  |  |  | — |  |  |  | 53.6 |
Other foreign |  |  | 126.6 |  |  |  | — |  |  |  | — |  |  |  | 126.6 |
Total revenues |  | $ | 2,122.1 |  |  | $ | 369.4 |  |  | $ | 0.5 |  |  | $ | 2,492.0 |
Revenues by geographical location and segment for the nine-month period ended September 30, 2023 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,024.0 |  |  | $ | 892.0 |  |  | $ | 0.5 |  |  | $ | 4,916.5 |
United Kingdom |  |  | 1,468.4 |  |  |  | 34.8 |  |  |  | — |  |  |  | 1,503.2 |
Australia |  |  | 227.8 |  |  |  | 110.0 |  |  |  | — |  |  |  | 337.8 |
Canada |  |  | 288.1 |  |  |  | 4.8 |  |  |  | — |  |  |  | 292.9 |
New Zealand |  |  | 140.6 |  |  |  | 12.2 |  |  |  | — |  |  |  | 152.8 |
Other foreign |  |  | 436.8 |  |  |  | — |  |  |  | — |  |  |  | 436.8 |
Total revenues |  | $ | 6,585.7 |  |  | $ | 1,053.8 |  |  | $ | 0.5 |  |  | $ | 7,640.0 |
Revenues by geographical location and segment for the three-month period ended September 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,140.3 |  |  | $ | 260.4 |  |  | $ | 0.3 |  |  | $ | 1,401.0 |
United Kingdom |  |  | 315.7 |  |  |  | 10.9 |  |  |  | — |  |  |  | 326.6 |
Australia |  |  | 71.8 |  |  |  | 31.2 |  |  |  | — |  |  |  | 103.0 |
Canada |  |  | 80.6 |  |  |  | 1.7 |  |  |  | — |  |  |  | 82.3 |
New Zealand |  |  | 41.3 |  |  |  | 3.3 |  |  |  | — |  |  |  | 44.6 |
Other foreign |  |  | 86.5 |  |  |  | — |  |  |  | — |  |  |  | 86.5 |
Total revenues |  | $ | 1,736.2 |  |  | $ | 307.5 |  |  | $ | 0.3 |  |  | $ | 2,044.0 |
Revenues by geographical location and segment for the nine-month period ended September 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,492.0 |  |  | $ | 752.9 |  |  | $ | 23.4 |  |  | $ | 4,268.3 |
United Kingdom |  |  | 1,182.1 |  |  |  | 34.4 |  |  |  | — |  |  |  | 1,216.5 |
Australia |  |  | 207.4 |  |  |  | 97.2 |  |  |  | — |  |  |  | 304.6 |
Canada |  |  | 261.9 |  |  |  | 4.5 |  |  |  | — |  |  |  | 266.4 |
New Zealand |  |  | 122.9 |  |  |  | 10.4 |  |  |  | — |  |  |  | 133.3 |
Other foreign |  |  | 333.2 |  |  |  | — |  |  |  | — |  |  |  | 333.2 |
Total revenues |  | $ | 5,599.5 |  |  | $ | 899.4 |  |  | $ | 23.4 |  |  | $ | 6,522.3 |

X
- Definition Schedule of revenue by product type table. + References No definition available. + Details
Name: | ajg_ScheduleOfRevenueByProductTypeTableTextBlock
Namespace Prefix: | ajg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration