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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 595.5 $ 517.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net gain on investments and other (6.3) (1.2)
Depreciation and amortization 288.5 295.0
Change in estimated acquisition earnout payables 28.8 (73.3)
Amortization of deferred compensation and restricted stock 31.8 30.8
Stock-based and other noncash compensation expense 8.2 6.7
Payments on acquisition earnouts in excess of original estimates (24.3) (14.3)
Effect of changes in foreign exchange rates 6.5 (6.5)
Net change in premiums and fees receivable (1,678.7) (1,569.1)
Net change in deferred revenue 36.4 18.4
Net change in premiums payable to underwriting enterprises 1,617.4 1,723.6
Net change in other current assets (52.8) 103.1
Net change in accrued compensation and other current liabilities (53.9) (206.4)
Net change in income taxes payable (30.9) 34.3
Net change in deferred income taxes (23.5) (79.3)
Net change in other noncurrent assets and liabilities (54.4) 23.2
Net cash provided by operating activities 688.3 802.2
Cash flows from investing activities:    
Capital expenditures (59.2) (58.8)
Cash paid for acquisitions, net of cash and restricted cash acquired (551.6) (82.9)
Net proceeds from sales of operations/books of business 9.4 2.5
Net funding of investment transactions (0.7) (0.6)
Net cash used by investing activities (602.1) (139.8)
Cash flows from financing activities:    
Payments on acquisition earnouts (115.8) (30.7)
Proceeds from issuance of common stock 1,502.0 58.2
Payments to noncontrolling interests (21.6) (81.4)
Dividends paid (202.4) (173.5)
Net borrowings on premium financing debt facility (37.8) (62.7)
Borrowings on line of credit facility 925.0 2,550.0
Repayments on line of credit facility (925.0) (2,970.0)
Net borrowings of corporate related long-term debt 1,586.5 524.8
Debt acquisition costs (14.6) (1.3)
Settlements on terminated interest rate swaps (31.9) (65.9)
Net cash provided (used) by financing activities 2,664.4 (252.5)
Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash 50.1 (31.1)
Net increase in cash, cash equivalents and restricted cash 2,800.7 378.8
Cash, cash equivalents and restricted cash at beginning of period 3,574.3 2,623.9
Cash, cash equivalents and restricted cash at end of period $ 6,375.0 $ 3,002.7