Arthur J. Gallagher & (AJG)2025-02-18 11:04Employee Statistics - As of December 31, 2024, the company had approximately 56,000 employees, with 43% in the U.S. and 57% outside the U.S.[50] - Approximately 58% of employees were women, including 48% of managers and 40% of producers, as of December 31, 2024[54]. - The Gallagher North American Sales Internship Program employed approximately 500 interns in the summer of 2024, contributing to talent development[51]. Financial Performance - Total compensation expense for the brokerage segment was 882.4 million, representing 61% of risk management segment revenues[50]. - The company had 12,072.7 million as of December 31, 2024[55]. - A hypothetical one-percentage point increase in interest rates would result in an estimated fair value of 1,903.3 million less than their current carrying value[356]. - Foreign currency exchange rate risk could lead to an increase in earnings before income taxes by approximately $64.8 million with a hypothetical adverse change of 10% in the average foreign currency exchange rate for 2024[358]. Risk Management - The company has not entered into derivatives for trading or speculative purposes but has used financial instruments to hedge foreign currency exchange rate risk in India, Norway, and the U.K.[359]. - The company is subject to various regulations, including those related to climate change and sustainability, which may require significant compliance efforts[59]. Work Environment - The company promotes hybrid work arrangements to provide employees with flexibility and work-life balance, reflecting the changing work landscape[52].