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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings $ 705.0 $ 610.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net gain on investments and other (4.1) (59.0)
Depreciation and amortization 428.9 344.8
Change in estimated acquisition earnout payables (53.2) 12.0
Amortization of deferred compensation and restricted stock 45.1 34.8
Stock-based and other noncash compensation expense 10.1 10.5
Payments on acquisition earnouts in excess of original estimates (14.5) (14.7)
Effect of changes in foreign exchange rates (3.0) 2.8
Net change in premiums and fees receivable (1,297.9) (832.1)
Net change in deferred revenue 24.9 17.1
Net change in premiums payable to underwriting enterprises 1,596.0 843.3
Net change in other current assets (24.5) (6.8)
Net change in accrued compensation and other current liabilities (6.4) (50.9)
Net change in income taxes payable 61.8 5.2
Net change in deferred income taxes (129.9) (138.0)
Net change in other noncurrent assets and liabilities 49.3 (10.1)
Net cash provided by operating activities 1,387.6 769.1
Cash flows from investing activities:    
Capital expenditures (79.5) (107.7)
Cash paid for acquisitions, net of cash and restricted cash acquired (91.3) (951.1)
Net proceeds from sales of operations/books of business 9.0 79.4
Net funding of investment transactions (1.0) (1.0)
Net cash used by investing activities (162.8) (980.4)
Cash flows from financing activities:    
Payments on acquisition earnouts (32.6) (37.4)
Proceeds from issuance of common stock 83.6 83.1
Payments to noncontrolling interests (76.4) (40.1)
Dividends paid (260.1) (239.8)
Net borrowings on premium financing debt facility 16.9 23.2
Borrowings on line of credit facility 2,630.0 2,735.0
Repayments on line of credit facility (3,150.0) (2,610.0)
Net borrowings of corporate related long-term debt 474.6 725.0
Debt acquisition costs (1.3) (3.9)
Settlements on terminated interest rate swaps (65.9) (6.4)
Net cash (used) provided by financing activities (381.2) 628.7
Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash 7.3 (46.9)
Net increase in cash, cash equivalents and restricted cash 850.9 370.5
Cash, cash equivalents and restricted cash at beginning of period 2,623.9 2,236.8
Cash, cash equivalents and restricted cash at end of period $ 3,474.8 $ 2,607.3