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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Acquisition Method for Recording Business Combinations

During 2022, 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):


Name and Effective Date of Acquisition		Common Shares Issued				Common Share Value				Cash Paid				Accrued Liability				Escrow Deposited				Recorded Earnout Payable				Total Recorded Purchase Price				Maximum Potential Earnout Payable
		(000s)
Devitt Insurance Services Ltd February 1, 2022 (DIS)			—			$	—			$	73.6			$	1.3			$	3.4			$	12.6			$	90.9			$	12.5
Innovu Group Holding Company Limited June 1, 2022 (IGH)			—				—				85.4				—				—				—				85.4				—
f3 Companies October 1, 2022 (f3)			352				61.7				33.1				—				5.0				6.1				105.9				25.0
M&T Insurance Agency October 31, 2022 (M&T)			—				—				171.0				—				—				—				171.0				—
PlUS Limited LLC November 1, 2022 (PIU)			74				10.6				35.6				—				3.8				116.4				166.4				150.0
Thirty-two other acquisitions completed in 2022			300				50.6				457.2				41.7				27.0				106.9				683.4				230.2
			726			$	122.9			$	855.9			$	43.0			$	39.2			$	242.0			$	1,303.0			$	417.7

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 2022 (in millions):


		DIS				IGH				f3				M&T				PIU					Thirty-two Other Acquisitions				Total
Cash and restricted cash		$	3.9			$	7.8			$	—			$	6.1			$	2.8				$	30.9			$	51.5
Other current assets			18.5				6.5				0.1				27.6				—					73.9				126.6
Fixed assets			0.4				0.5				—				0.2				—					2.1				3.2
Noncurrent assets			1.3				2.0				1.8				1.4				—					11.0				17.5
Goodwill			60.4				47.2				40.5				87.0				116.4					358.4				709.9
Expiration lists			29.0				35.0				65.1				78.9				44.6					311.4				564.0
Non-compete agreements			0.7				4.0				0.2				0.9				1.0					12.7				19.5
Trade names			0.9				0.8				—				—				4.0					0.4				6.1
Total assets acquired			115.1				103.8				107.7				202.1				168.8					800.8				1,498.3
Current liabilities			15.3				11.2				0.3				30.2				2.4					90.9				150.3
Noncurrent liabilities			8.9				7.2				1.5				0.9				—					26.5				45.0
Total liabilities assumed			24.2				18.4				1.8				31.1				2.4					117.4				195.3
Total net assets acquired		$	90.9			$	85.4			$	105.9			$	171.0			$	166.4				$	683.4			$	1,303.0

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, 2021 (in millions, except per share data):


		Year Ended December 31,
		2022				2021
Total revenues		$	8,710.2			$	8,445.8
Net earnings attributable to controlling interests			1,114.8				907.1
Basic net earnings per share			5.29				4.46
Diluted net earnings per share			5.18				4.36