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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022 and 2021 as follows (in millions):
| Three-month period ended June 30, |  |  | Six-month period ended June 30, |
| 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Brokerage |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 1,740.7 |  |  | $ | 1,390.2 |  |  | $ | 3,863.3 |  |  | $ | 3,000.4 |
Earnings before income taxes | $ | 410.9 |  |  | $ | 299.7 |  |  | $ | 1,029.3 |  |  | $ | 780.0 |
Identifiable assets at June 30, 2022 and 2021 |  |  |  |  |  |  | $ | 36,374.1 |  |  | $ | 21,858.6 |
Risk Management |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 302.0 |  |  | $ | 281.7 |  |  | $ | 591.9 |  |  | $ | 534.4 |
Earnings before income taxes | $ | 38.8 |  |  | $ | 33.4 |  |  | $ | 71.1 |  |  | $ | 57.5 |
Identifiable assets at June 30, 2022 and 2021 |  |  |  |  |  |  | $ | 1,101.8 |  |  | $ | 1,058.5 |
Corporate |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 0.3 |  |  | $ | 261.6 |  |  | $ | 23.1 |  |  | $ | 563.7 |
Loss before income taxes | $ | (97.4 | ) |  | $ | (110.8 | ) |  | $ | (210.4 | ) |  | $ | (206.8 | )
Identifiable assets at June 30, 2022 and 2021 |  |  |  |  |  |  | $ | 2,514.5 |  |  | $ | 4,900.1 |
Total |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,043.0 |  |  | $ | 1,933.5 |  |  | $ | 4,478.3 |  |  | $ | 4,098.5 |
Earnings before income taxes | $ | 352.3 |  |  | $ | 222.3 |  |  | $ | 890.0 |  |  | $ | 630.7 |
Identifiable assets at June 30, 2022 and 2021 |  |  |  |  |  |  | $ | 39,990.4 |  |  | $ | 27,817.2 |
Summary of Revenues by Type and Segment | Revenues by type and segment for the three-month period ended June 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 1,282.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,282.4 |
Fees |  |  | 323.6 |  |  |  | 267.3 |  |  |  | — |  |  |  | 590.9 |
Supplemental revenues |  |  | 65.7 |  |  |  | — |  |  |  | — |  |  |  | 65.7 |
Contingent revenues |  |  | 43.1 |  |  |  | — |  |  |  | — |  |  |  | 43.1 |
Investment income |  |  | 23.1 |  |  |  | 0.1 |  |  |  | — |  |  |  | 23.2 |
Net gains on divestitures |  |  | 2.8 |  |  |  | — |  |  |  | — |  |  |  | 2.8 |
Revenues from clean coal activities |  |  | — |  |  |  | — |  |  |  | 0.3 |  |  |  | 0.3 |
Revenues before reimbursements |  |  | 1,740.7 |  |  |  | 267.4 |  |  |  | 0.3 |  |  |  | 2,008.4 |
Reimbursements |  |  | — |  |  |  | 34.6 |  |  |  | — |  |  |  | 34.6 |
Total revenues |  | $ | 1,740.7 |  |  | $ | 302.0 |  |  | $ | 0.3 |  |  | $ | 2,043.0 |
Revenues by type and segment for the six-month period ended June 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  | $ | 2,847.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,847.7 |
Fees |  |  | 715.5 |  |  |  | 526.3 |  |  |  | — |  |  |  | 1,241.8 |
Supplemental revenues |  |  | 140.0 |  |  |  | — |  |  |  | — |  |  |  | 140.0 |
Contingent revenues |  |  | 114.7 |  |  |  | — |  |  |  | — |  |  |  | 114.7 |
Investment income |  |  | 41.2 |  |  |  | 0.2 |  |  |  | — |  |  |  | 41.4 |
Net gains on divestitures |  |  | 4.2 |  |  |  | — |  |  |  | — |  |  |  | 4.2 |
Revenues from clean coal activities |  |  | — |  |  |  | — |  |  |  | 23.0 |  |  |  | 23.0 |
Other net revenues |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Revenues before reimbursements |  |  | 3,863.3 |  |  |  | 526.5 |  |  |  | 23.1 |  |  |  | 4,412.9 |
Reimbursements |  |  | — |  |  |  | 65.4 |  |  |  | — |  |  |  | 65.4 |
Total revenues |  | $ | 3,863.3 |  |  | $ | 591.9 |  |  | $ | 23.1 |  |  | $ | 4,478.3 |
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 |
Summary of Geographical Location and Segment | Revenues by geographical location and segment for the three-month period ended June 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,015.0 |  |  | $ | 250.2 |  |  | $ | 0.3 |  |  | $ | 1,265.5 |
United Kingdom |  |  | 426.2 |  |  |  | 12.5 |  |  |  | — |  |  |  | 438.7 |
Australia |  |  | 76.6 |  |  |  | 34.3 |  |  |  | — |  |  |  | 110.9 |
Canada |  |  | 93.8 |  |  |  | 1.4 |  |  |  | — |  |  |  | 95.2 |
New Zealand |  |  | 47.2 |  |  |  | 3.6 |  |  |  | — |  |  |  | 50.8 |
Other foreign |  |  | 81.9 |  |  |  | — |  |  |  | — |  |  |  | 81.9 |
Total revenues |  | $ | 1,740.7 |  |  | $ | 302.0 |  |  | $ | 0.3 |  |  | $ | 2,043.0 |
Revenues by geographical location and segment for the six-month period ended June 30, 2022 are as follows (in millions):
|  |  |  |  | Risk |  |  |  |  |  |  |
|  | Brokerage |  |  | Management |  |  | Corporate |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,351.7 |  |  | $ | 492.5 |  |  | $ | 23.1 |  |  | $ | 2,867.3 |
United Kingdom |  |  | 866.4 |  |  |  | 23.5 |  |  |  | — |  |  |  | 889.9 |
Australia |  |  | 135.6 |  |  |  | 66.0 |  |  |  | — |  |  |  | 201.6 |
Canada |  |  | 181.3 |  |  |  | 2.8 |  |  |  | — |  |  |  | 184.1 |
New Zealand |  |  | 81.6 |  |  |  | 7.1 |  |  |  | — |  |  |  | 88.7 |
Other foreign |  |  | 246.7 |  |  |  | — |  |  |  | — |  |  |  | 246.7 |
Total revenues |  | $ | 3,863.3 |  |  | $ | 591.9 |  |  | $ | 23.1 |  |  | $ | 4,478.3 |
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 |

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