XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment

Financial information relating to our segments for the three and six-month periods ended June 30, 2021 and 2020 is as follows (in millions):

 

 

Three-month period ended

June 30,

 

 

Six-month period ended

June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Brokerage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

1,390.2

 

 

$

1,201.1

 

 

$

3,000.4

 

 

$

2,636.7

 

Earnings before income taxes

$

299.7

 

 

$

247.8

 

 

$

780.0

 

 

$

658.6

 

Identifiable assets at June 30, 2021 and 2020

 

 

 

 

 

 

 

 

$

21,858.6

 

 

$

18,405.6

 

Risk Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

281.7

 

 

$

223.2

 

 

$

534.4

 

 

$

472.7

 

Earnings before income taxes

$

33.4

 

 

$

13.2

 

 

$

57.5

 

 

$

38.8

 

Identifiable assets at June 30, 2021 and 2020

 

 

 

 

 

 

 

 

$

1,058.5

 

 

$

929.1

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

261.6

 

 

$

159.7

 

 

$

563.7

 

 

$

341.5

 

Loss before income taxes

$

(110.8

)

 

$

(89.3

)

 

$

(206.8

)

 

$

(169.7

)

Identifiable assets at June 30, 2021 and 2020

 

 

 

 

 

 

 

 

$

4,900.1

 

 

$

1,971.5

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

1,933.5

 

 

$

1,584.0

 

 

$

4,098.5

 

 

$

3,450.9

 

Earnings before income taxes

$

222.3

 

 

$

171.7

 

 

$

630.7

 

 

$

527.7

 

Identifiable assets at June 30, 2021 and 2020

 

 

 

 

 

 

 

 

$

27,817.2

 

 

$

21,306.2

 

Summary of Revenues by Type and Segment

Revenues by type and segment for the three-month period ended June 30, 2021 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

977.1

 

 

$

 

 

$

 

 

$

977.1

 

Fees

 

 

296.0

 

 

 

244.9

 

 

 

 

 

 

540.9

 

Supplemental revenues

 

 

55.2

 

 

 

 

 

 

 

 

 

55.2

 

Contingent revenues

 

 

43.3

 

 

 

 

 

 

 

 

 

43.3

 

Investment income

 

 

18.1

 

 

 

 

 

 

 

 

 

18.1

 

Net gains on divestitures

 

 

0.5

 

 

 

0.1

 

 

 

 

 

 

0.6

 

Revenues from clean coal activities

 

 

 

 

 

 

 

 

261.0

 

 

 

261.0

 

Other net revenues

 

 

 

 

 

 

 

 

0.6

 

 

 

0.6

 

Revenues before reimbursements

 

 

1,390.2

 

 

 

245.0

 

 

 

261.6

 

 

 

1,896.8

 

Reimbursements

 

 

 

 

 

36.7

 

 

 

 

 

 

36.7

 

Total revenues

 

$

1,390.2

 

 

$

281.7

 

 

$

261.6

 

 

$

1,933.5

 

 

Revenues by type and segment for the six-month period ended June 30, 2021 are as follows (in millions):

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

2,102.5

 

 

$

 

 

$

 

 

$

2,102.5

 

Fees

 

 

629.6

 

 

 

465.1

 

 

 

 

 

 

1,094.7

 

Supplemental revenues

 

 

122.0

 

 

 

 

 

 

 

 

 

122.0

 

Contingent revenues

 

 

106.6

 

 

 

 

 

 

 

 

 

106.6

 

Investment income

 

 

35.1

 

 

 

0.1

 

 

 

 

 

 

35.2

 

Net gains on divestitures

 

 

4.6

 

 

 

0.1

 

 

 

 

 

 

4.7

 

Revenues from clean coal activities

 

 

 

 

 

 

 

 

561.6

 

 

 

561.6

 

Other net revenues

 

 

 

 

 

 

 

 

2.1

 

 

 

2.1

 

Revenues before reimbursements

 

 

3,000.4

 

 

 

465.3

 

 

 

563.7

 

 

 

4,029.4

 

Reimbursements

 

 

 

 

 

69.1

 

 

 

 

 

 

69.1

 

Total revenues

 

$

3,000.4

 

 

$

534.4

 

 

$

563.7

 

 

$

4,098.5

 

 

Revenues by type and segment for the three-month period ended June 30, 2020 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

827.5

 

 

$

 

 

$

 

 

$

827.5

 

Fees

 

 

269.1

 

 

 

190.6

 

 

 

 

 

 

459.7

 

Supplemental revenues

 

 

50.3

 

 

 

 

 

 

 

 

 

50.3

 

Contingent revenues

 

 

37.4

 

 

 

 

 

 

 

 

 

37.4

 

Investment income

 

 

15.8

 

 

 

0.2

 

 

 

 

 

 

16.0

 

Net gains on divestitures

 

 

1.0

 

 

 

 

 

 

 

 

 

1.0

 

Revenues from clean coal activities

 

 

 

 

 

 

 

 

159.5

 

 

 

159.5

 

Other net revenues

 

 

 

 

 

 

 

 

0.2

 

 

 

0.2

 

Revenues before reimbursements

 

 

1,201.1

 

 

 

190.8

 

 

 

159.7

 

 

 

1,551.6

 

Reimbursements

 

 

 

 

 

32.4

 

 

 

 

 

 

32.4

 

Total revenues

 

$

1,201.1

 

 

$

223.2

 

 

$

159.7

 

 

$

1,584.0

 

 

Revenues by type and segment for the six-month period ended June 30, 2020 are as follows (in millions):

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

1,844.7

 

 

$

 

 

$

 

 

$

1,844.7

 

Fees

 

 

564.9

 

 

 

402.1

 

 

 

 

 

 

967.0

 

Supplemental revenues

 

 

109.3

 

 

 

 

 

 

 

 

 

109.3

 

Contingent revenues

 

 

82.5

 

 

 

 

 

 

 

 

 

82.5

 

Investment income

 

 

34.1

 

 

 

0.5

 

 

 

 

 

 

34.6

 

Net gains on divestitures

 

 

1.2

 

 

 

 

 

 

 

 

 

1.2

 

Revenues from clean coal activities

 

 

 

 

 

 

 

 

341.3

 

 

 

341.3

 

Other net revenues

 

 

 

 

 

 

 

 

0.2

 

 

 

0.2

 

Revenues before reimbursements

 

 

2,636.7

 

 

 

402.6

 

 

 

341.5

 

 

 

3,380.8

 

Reimbursements

 

 

 

 

 

70.1

 

 

 

 

 

 

70.1

 

Total revenues

 

$

2,636.7

 

 

$

472.7

 

 

$

341.5

 

 

$

3,450.9

 

 

Summary of Geographical Location and Segment

Revenues by geographical location and segment for the three-month period ended June 30, 2021 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

812.4

 

 

$

231.5

 

 

$

261.6

 

 

$

1,305.5

 

United Kingdom

 

 

326.1

 

 

 

11.8

 

 

 

 

 

 

337.9

 

Australia

 

 

70.7

 

 

 

33.0

 

 

 

 

 

 

103.7

 

Canada

 

 

79.9

 

 

 

1.4

 

 

 

 

 

 

81.3

 

New Zealand

 

 

45.4

 

 

 

4.0

 

 

 

 

 

 

49.4

 

Other foreign

 

 

55.7

 

 

 

 

 

 

 

 

 

55.7

 

Total revenues

 

$

1,390.2

 

 

$

281.7

 

 

$

261.6

 

 

$

1,933.5

 

 

 

Revenues by geographical location and segment for the six-month period ended June 30, 2021 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,919.0

 

 

$

439.0

 

 

$

563.7

 

 

$

2,921.7

 

United Kingdom

 

 

618.5

 

 

 

22.9

 

 

 

 

 

 

641.4

 

Australia

 

 

124.7

 

 

 

62.0

 

 

 

 

 

 

186.7

 

Canada

 

 

147.4

 

 

 

2.8

 

 

 

 

 

 

150.2

 

New Zealand

 

 

77.9

 

 

 

7.7

 

 

 

 

 

 

85.6

 

Other foreign

 

 

112.9

 

 

 

 

 

 

 

 

 

112.9

 

Total revenues

 

$

3,000.4

 

 

$

534.4

 

 

$

563.7

 

 

$

4,098.5

 

 

Revenues by type and segment for the six-month period ended June 30, 2020 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

1,844.7

 

 

$

 

 

$

 

 

$

1,844.7

 

Fees

 

 

564.9

 

 

 

402.1

 

 

 

 

 

 

967.0

 

Supplemental revenues

 

 

109.3

 

 

 

 

 

 

 

 

 

109.3

 

Contingent revenues

 

 

82.5

 

 

 

 

 

 

 

 

 

82.5

 

Investment income

 

 

34.1

 

 

 

0.5

 

 

 

 

 

 

34.6

 

Net gains on divestitures

 

 

1.2

 

 

 

 

 

 

 

 

 

1.2

 

Revenues from clean coal activities

 

 

 

 

 

 

 

 

341.3

 

 

 

341.3

 

Other net revenues

 

 

 

 

 

 

 

 

0.2

 

 

 

0.2

 

Revenues before reimbursements

 

 

2,636.7

 

 

 

402.6

 

 

 

341.5

 

 

 

3,380.8

 

Reimbursements

 

 

 

 

 

70.1

 

 

 

 

 

 

70.1

 

Total revenues

 

$

2,636.7

 

 

$

472.7

 

 

$

341.5

 

 

$

3,450.9

 

 

 

Revenues by geographical location and segment for the three-month period ended June 30, 2020 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

740.8

 

 

$

185.6

 

 

$

159.7

 

 

$

1,086.1

 

United Kingdom

 

 

260.9

 

 

 

8.2

 

 

 

 

 

 

269.1

 

Australia

 

 

56.9

 

 

 

24.7

 

 

 

 

 

 

81.6

 

Canada

 

 

58.2

 

 

 

1.5

 

 

 

 

 

 

59.7

 

New Zealand

 

 

38.0

 

 

 

3.2

 

 

 

 

 

 

41.2

 

Other foreign

 

 

46.3

 

 

 

 

 

 

 

 

 

46.3

 

Total revenues

 

$

1,201.1

 

 

$

223.2

 

 

$

159.7

 

 

$

1,584.0

 

 

Revenues by geographical location and segment for the six-month period ended June 30, 2020 are as follows (in millions):

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

Management

 

 

Corporate

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,746.7

 

 

$

398.3

 

 

$

341.5

 

 

$

2,486.5

 

United Kingdom

 

 

515.4

 

 

 

19.6

 

 

 

 

 

 

535.0

 

Australia

 

 

100.0

 

 

 

46.3

 

 

 

 

 

 

146.3

 

Canada

 

 

114.4

 

 

 

2.5

 

 

 

 

 

 

116.9

 

New Zealand

 

 

66.0

 

 

 

6.0

 

 

 

 

 

 

72.0

 

Other foreign

 

 

94.2

 

 

 

 

 

 

 

 

 

94.2

 

Total revenues

 

$

2,636.7

 

 

$

472.7

 

 

$

341.5

 

 

$

3,450.9