AJG · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

Arthur J. Gallagher & Co. · 2026-08-05 · Importance 38 · Surprise 48

Brokerage workforce increased 25% to 56,202 employees at June 30, 2026 from 44,909 employees a year earlier, primarily reflecting acquired businesses and related integration. Risk management workforce increased to 11,254 employees from 10,584 employees, a 6% increase that was below the materiality threshold but supports the broader workforce expansion. Six-month 2026 brokerage workforce and lease termination charges totaled $53 million in compensation expense and $14 million in operating expense. The company also incurred $21 million of amortizable-asset write-offs during the second quarter and $22 million year to date after impairment reviews.

Key facts

• In 2025, we initiated a process to fully terminate our defined pension benefit plan and in fourth quarter 2025 substantially all future obligations were settled; in second quarter 2026 we completed the termination process and recognized a non-cash, pre-tax loss of approximately $17 million to operating expense. source
• Workforce at end of period (includes acquisitions): brokerage 56,202 for June 30, 2026 and 44,909 for June 30, 2025; risk management workforce 11,254 for June 30, 2026 and 10,584 for June 30, 2025. source