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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 834.1 $ 705.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net gain on investments and other (10.2) (4.1)
Loss on extinguishment of debt 9.7  
Depreciation and amortization 419.8 428.9
Change in estimated acquisition earnout payables 63.0 (53.2)
Amortization of deferred compensation and restricted stock 48.9 45.1
Stock-based and other noncash compensation expense 9.1 10.1
Payments on acquisition earnouts in excess of original estimates (29.3) (14.5)
Effect of changes in foreign exchange rates 3.7 (3.0)
Net change in premiums and fees receivable (1,129.7) (1,297.9)
Net change in deferred revenue 36.2 24.9
Net change in premiums payable to underwriting enterprises 1,176.7 1,596.0
Net change in other current assets (142.7) (24.5)
Net change in accrued compensation and other current liabilities 56.3 (6.4)
Net change in income taxes payable (106.8) 61.8
Net change in deferred income taxes (107.3) (129.9)
Net change in other noncurrent assets and liabilities 9.7 49.3
Net cash provided by operating activities 1,141.2 1,387.6
Cash flows from investing activities:    
Capital expenditures (103.2) (79.5)
Cash paid for acquisitions, net of cash and restricted cash acquired (631.6) (91.3)
Net proceeds from sales of operations/books of business 14.3 9.0
Net funding of investment transactions (1.2) (1.0)
Net cash used by investing activities (721.7) (162.8)
Cash flows from financing activities:    
Payments on acquisition earnouts (130.8) (32.6)
Proceeds from issuance of common stock 1,524.6 83.6
Payments to noncontrolling interests (28.7) (76.4)
Dividends paid (292.2) (260.1)
Net borrowings on premium financing debt facility 40.3 16.9
Borrowings on line of credit facility 925.0 2,630.0
Repayments on line of credit facility (925.0) (3,150.0)
Borrowings of corporate related long-term debt 1,667.6 575.0
Repayments of corporate related long-term debt (733.0) (100.4)
Debt acquisition costs (14.3) (1.3)
Settlements on terminated interest rate swaps (31.9) (65.9)
Net cash provided (used) by financing activities 2,001.6 (381.2)
Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash 16.9 7.3
Net increase in cash, cash equivalents and restricted cash 2,438.0 850.9
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 $ 6,012.3 $ 3,474.8