Arthur J. Gallagher & Co.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 17, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule II - Valuation and Qualifying Accounts
Schedule II
Valuation and Qualifying Accounts
| Balance atBeginningof Year · AmountsRecorded inEarnings · Adjustments · Balance atEndof Year | |||||
|---|---|---|---|---|---|
| (In millions) | |||||
| Allowance for credit losses on trade receivables and accounts receivables | $22 | $15 | $12 | (1) | $49 |
| Allowance for estimated policy cancellations | 13 | 6 | 4 | (2) | 23 |
| Valuation allowance for deferred tax assets | 177 | 87 | — | 264 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 4,472 | 916 | 181 | (3) | 5,569 |
| Allowance for credit losses on trade receivables and accounts receivables | $23 | $12 | $(13) | (1) | $22 |
| Allowance for estimated policy cancellations | 10 | 3 | — | (2) | 13 |
| Valuation allowance for deferred tax assets | 196 | (19) | — | 177 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 3,874 | 665 | (67) | (3) | 4,472 |
| Allowance for credit losses on trade receivables and accounts receivables | $11 | $26 | $(14) | (1) | $23 |
| Allowance for estimated policy cancellations | 9 | — | 1 | (2) | 10 |
| Valuation allowance for deferred tax assets | 135 | 61 | — | 196 | |
| Accumulated amortization of expiration | |||||
| lists, non-compete agreements and trade names | 3,300 | 532 | 42 | (3) | 3,874 |
(1)Net activity of receivable write offs and recoveries and allowances from acquired businesses.
(2)Net activity to allowance related to acquired businesses.
(3)Elimination of fully amortized expiration lists, non-compete agreements and trade names, intangible asset/amortization reclassifications and disposal of acquired businesses.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.