Consolidated Statement of Earnings - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Revenues before reimbursements | $ 2,766.5 | $ 2,453.6 | $ 8,720.6 | $ 7,533.4 | |
| Reimbursements | 40.3 | 38.4 | 118.3 | 106.6 | |
| Total revenues | 2,806.8 | 2,492.0 | 8,838.9 | 7,640.0 | |
| Compensation | 1,621.9 | 1,424.5 | 4,967.9 | 4,253.0 | |
| Operating | 453.7 | 423.0 | 1,315.0 | 1,239.1 | |
| Reimbursements | 40.3 | 38.4 | 118.3 | 106.6 | |
| Interest | 92.9 | 72.8 | 279.4 | 218.5 | |
| Depreciation | 45.3 | 43.0 | 131.5 | 121.5 | |
| Amortization | 164.7 | 128.7 | 497.8 | 385.3 | |
| Change in estimated acquisition earnout payables | (15.3) | (2.5) | (12.6) | 48.7 | |
| Total expenses | 2,403.5 | 2,127.9 | 7,297.3 | 6,372.7 | |
| Earnings before income taxes | 403.3 | 364.1 | 1,541.6 | 1,267.3 | |
| Provision for income taxes | 89.2 | 80.9 | 329.4 | 261.7 | |
| Net earnings | 314.1 | 283.2 | 1,212.2 | 1,005.6 | |
| Net earnings attributable to noncontrolling interests | 1.5 | 2.5 | 7.8 | 3.9 | |
| Net earnings attributable to controlling interests | $ 312.6 | $ 280.7 | $ 1,204.4 | $ 1,001.7 | |
| Basic net earnings per share | $ 1.43 | $ 1.3 | $ 5.51 | $ 4.67 | |
| Diluted net earnings per share | 1.39 | 1.28 | 5.4 | 4.58 | |
| Dividends declared per common share | $ 0.6 | $ 0.55 | $ 1.8 | $ 1.65 | |
| Commissions [Member] | |||||
| Revenues before reimbursements | $ 1,537.8 | $ 1,381.2 | $ 5,193.2 | $ 4,539.0 | |
| Broker Fees [Member] | |||||
| Revenues before reimbursements | 945.0 | 846.1 | 2,723.3 | 2,342.3 | |
| Supplemental Revenue [Member] | |||||
| Revenues before reimbursements | 79.1 | 70.8 | 261.7 | 223.6 | |
| Contingent Revenue [Member] | |||||
| Revenues before reimbursements | 69.3 | 53.9 | 215.1 | 179.9 | |
| Investment Income [Member] | |||||
| Revenues before reimbursements | $ 135.3 | $ 101.6 | $ 327.3 | $ 248.6 | |
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- Definition Change in estimated acquisition earnout payables No definition available.
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- Definition Cost reimbursements. No definition available.
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- Definition Revenue from contract with customer before reimbursements , excluding assessed Tax. No definition available.
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- Definition Revenue from contract with customer excluding assessed tax reimbursements. No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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