Business Combinations (Tables)

9 Months Ended

Sep. 30, 2021

Acquisition Method for Recording Business Combinations

During the nine-month period ended September 30, 2021, we acquired substantially all of the net assets of the following firms in exchange for our common stock and/or cash. These acquisitions have been accounted for using the acquisition method for recording business combinations (in millions, except share data):

													Total		Maximum
	Common		Common								Recorded		Recorded		Potential
Name and Effective	Shares		Share				Accrued		Escrow		Earnout		Purchase		Earnout
Date of Acquisition	Issued		Value		Cash Paid		Liability		Deposited		Payable		Price		Payable
	(000s)
Atlas General Holdings, LLC
January 1, 2021 (AGH)		—	$	—	$	95.2	$	—	$	5.4	$	8.7	$	109.3	$	35.0
Bollington Wilson Group
February 5, 2021 (BWG)		—		—		328.0		—		1.4		—		329.4		—
LDJ American Online Benefits Group, LLC May 1, 2021 (LDJ)		—		—		38.2		—		7.1		14.8		60.1		20.0
Sixteen other acquisitions completed in 2021		337.0		44.4		157.3		13.1		18.9		34.1		267.8		70.2
		337.0	$	44.4	$	618.7	$	13.1	$	32.8	$	57.6	$	766.6	$	125.2

Summary of Estimated Fair Values of Net Assets Acquired

The following is a summary of the estimated fair values of the net assets acquired at the date of each acquisition made in the nine‑month period ended September 30, 2021 (in millions):

							Sixteen Other
	AGH		BWG		LDJ		Acquisitions		Total
Cash and restricted cash	$	32.8	$	24.9	$	0.7	$	11.0	$	69.4
Other current assets		112.0		15.3		15.8		51.5		194.6
Fixed assets		7.4		3.8		—		0.2		11.4
Noncurrent assets		1.2		5.3		0.2		6.2		12.9
Goodwill		45.9		257.1		25.7		124.8		453.5
Expiration lists		39.7		81.6		25.4		133.2		279.9
Non-compete agreements		0.3		1.2		0.2		2.1		3.8
Trade names		—		3.4		0.2		1.1		4.7
Total assets acquired		239.3		392.6		68.2		330.1		1,030.2
Current liabilities		129.8		39.6		8.0		49.9		227.3
Noncurrent liabilities		0.2		23.6		0.1		12.4		36.3
Total liabilities assumed		130.0		63.2		8.1		62.3		263.6
Total net assets acquired	$	109.3	$	329.4	$	60.1	$	267.8	$	766.6

Summary of Unaudited Pro Forma Historical Results

The following is a summary of the unaudited pro forma historical results, as if these entities had been acquired at January 1, 2020 (in millions, except per share data):

	Three-month period ended				Nine-month period ended
	September 30,				September 30,
	2021		2020		2021		2020
Total revenues	$	2,140.7	$	1,899.6	$	6,278.4	$	5,435.7
Net earnings attributable to controlling interests		225.0		181.6		801.9		685.9
Basic net earnings per share		1.09		0.94		3.99		3.60
Diluted net earnings per share		1.06		0.92		3.90		3.52