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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

The following are the computations for basic and diluted earnings per share (in millions, except share and per share amounts):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net Income

 

$

196.2

 

 

$

180.3

 

 

$

513.2

 

 

$

528.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

64,123,621

 

 

 

65,329,124

 

 

 

64,481,466

 

 

 

65,529,283

 

Dilutive equity-based compensation awards

 

 

469,920

 

 

 

334,074

 

 

 

329,495

 

 

 

363,454

 

Diluted

 

 

64,593,541

 

 

 

65,663,198

 

 

 

64,810,961

 

 

 

65,892,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.06

 

 

$

2.76

 

 

$

7.96

 

 

$

8.06

 

Diluted

 

 

3.04

 

 

 

2.75

 

 

 

7.92

 

 

 

8.02

 

 

Shares not included in the computation of diluted earnings per share attributable to common shareholders because they would have been anti-dilutive were 6,366 and 35,419 for the three months ended September 30, 2025 and 2024, respectively, and 130,630 and 22,230 for the nine months ended September 30, 2025 and 2024, respectively.