• Arthur J Gallagher average return on tangible equity for 2023 was -30.64, a 14.34% decline from 2022.
• Arthur J Gallagher average return on tangible equity for 2022 was -35.77, a 28.19% decline from 2021.
• Arthur J Gallagher average return on tangible equity for 2021 was -49.81, a 67.32% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.