Item 16. Form

4K characters. Original on sec.gov · Markdown

Item 16. Form

10-K

Summary.

None.

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 7

day of February, 2020.


Arthur J. Gallagher & Co.

By		/s/ J. Patrick Gallagher, Jr.
		J. Patrick Gallagher, Jr.
		Chairman, President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on the 7

day of February, 2020 by the following persons on behalf of the Registrant in the capacities indicated.


Name		Title

/ s / J. Patrick Gallagher, Jr. J. Patrick Gallagher, Jr.		Chairman, President and Director (Principal Executive Officer)

/ s / Douglas K. Howell Douglas K. Howell		Vice President and Chief Financial Officer (Principal Financial Officer)

/ s / Richard C. Cary Richard C. Cary		Controller (Principal Accounting Officer)

* Sherry S. Barrat Sherry S. Barrat		Director

* William L. Bax William L. Bax		Director

* D. John Coldman D. John Coldman		Director

* Frank E. English, Jr. Frank E. English, Jr.		Director

* David S. Johnson David S. Johnson		Director

* Kay W. Mc Curdy Kay W. Mc Curdy		Director

* Ralph J. Nicoletti Ralph J. Nicoletti		Director

* Norman L. Rosenthal Norman L. Rosenthal		Director


*By:		/ s / Walter D. Bay
		Walter D. Bay, Attorney-in-Fact

Schedule II

Arthur J. Gallagher & Co.

Valuation and Qualifying Accounts


	Balance at Beginning of Year		Amounts Recorded in Earnings			Adjustments			Balance at End of Year
	(In millions)
Year ended December 31, 2019
Allowance for doubtful accounts	$	10.0	$	4.2		$	(5.5 )	(1)	$	8.7
Allowance for estimated policy cancellations		7.8		0.5			—	(2)		8.3
Valuation allowance for deferred tax assets		67.4		13.1			—			80.5
Accumulated amortization of expiration lists, noncompete agreements and trade names		1,750.4		334.0			3.1	(3)		2,087.5

Year ended December 31, 2018
Allowance for doubtful accounts	$	13.5	$	5.8		$	(9.3 )	(1)	$	10.0
Allowance for estimated policy cancellations		7.4		(1.2	)		1.6	(2)		7.8
Valuation allowance for deferred tax assets		79.1		(11.7	)		—			67.4
Accumulated amortization of expiration lists, noncompete agreements and trade names		1,490.7		291.3			(31.6 )	(3)		1,750.4

Year ended December 31, 2017
Allowance for doubtful accounts	$	12.8	$	5.4		$	(4.7 )	(1)	$	13.5
Allowance for estimated policy cancellations		7.1		2.1			(1.8 )	(2)		7.4
Valuation allowance for deferred tax assets		66.8		12.3			—			79.1
Accumulated amortization of expiration lists, noncompete agreements and trade names		1,203.6		264.7			22.4	(3)		1,490.7

(1)	Net activity of bad debt write offs and recoveries and acquired businesses.

(2)	Additions 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.

Previous: Item 15. Exhibits and Financial Statement Schedules.