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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 955.0 $ 858.1 $ 715.8
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Net (gain) loss on investments and other (17.0) 6.3 (72.0)
Loss on extinguishment of debt 9.7    
Depreciation and amortization 566.3 562.4 474.4
Change in estimated acquisition earnout payables 119.6 (32.9) 15.3
Amortization of deferred compensation and restricted stock 68.9 60.9 47.2
Stock-based and other noncash compensation expense 13.4 13.6 14.0
Payments on acquisition earnouts in excess of original estimates (29.6) (14.5) (16.6)
Provision for deferred income taxes (184.0) (162.0) (171.2)
Effect of changes in foreign exchange rate 2.3 2.9 6.7
Net change in premium and fees receivable 132.9 (796.5) (434.7)
Net change in deferred revenue 23.1 18.5 12.8
Net change in premiums payable to underwriting enterprises 35.5 1,154.2 461.6
Net change in other current assets (136.8) (22.5) 11.4
Net change in accrued compensation and other accrued liabilities 222.3 91.8 77.0
Net change in income taxes payable (123.8) 51.8 35.5
Net change in other noncurrent assets and liabilities 46.3 15.0 13.9
Net cash provided by operating activities 1,704.1 1,807.1 1,191.1
Cash flows from investing activities:      
Capital expenditures (128.6) (99.3) (138.8)
Cash paid for acquisitions, net of cash and restricted cash acquired (3,250.9) (324.3) (1,266.8)
Net proceeds from sales of operations/books of business 15.7 8.2 81.0
Net funding of investment transactions (1.1) (1.4) (52.0)
Net funding of premium finance loans (66.8) (54.6) (71.9)
Net cash used by investing activities (3,431.7) (471.4) (1,448.5)
Cash flows from financing activities:      
Payments on acquisition earnouts (137.3) (38.8) (46.3)
Proceeds from issuance of common stock 1,546.7 111.9 101.2
Payments to noncontrolling interests (39.1) (84.4) (75.4)
Dividends paid (392.0) (347.4) (321.1)
Net borrowings on premium financing debt facility 37.0 16.0 19.2
Borrowings on line of credit facility 1,280.0 2,630.0 4,315.0
Repayments on line of credit facility (1,235.0) (3,150.0) (4,060.0)
Net borrowings of corporate related long-term debt 1,677.0 424.9 725.0
Debt acquisition costs (21.3) (1.3) (3.9)
Settlements on terminated interest rate swaps (31.9) (66.0) (15.3)
Net cash provided (used) by financing activities 2,684.1 (505.1) 638.4
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash (64.5) 119.8 6.1
Net increase in cash, cash equivalents and restricted cash 892.0 950.4 387.1
Cash, cash equivalents and restricted cash at beginning of year 3,574.3 2,623.9 2,236.8
Cash, cash equivalents and restricted cash at end of year $ 4,466.3 $ 3,574.3 $ 2,623.9