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Business Combinations (Tables)

6 Months Ended

Jun. 30, 2024

Business Combinations [Abstract]

Acquisition Method for Recording Business Combinations

During the six-month period ended June 30, 2024, we acquired substantially all of the ownership interest or net assets, as applicable, 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)
Ericson Insurance Services, LLC January 1, 2024 (EIS)			129			$	30.1			$	26.5			$	—			$	3.0			$	7.0			$	66.6			$	10.0
The Rowley Agency, LLC January 1, 2024 (TRA)			—				—				117.2				—				11.0				—				128.2				—
OperationsInc, LLC June 1, 2024 (OPR)			—			$	—			$	52.6			$	—			$	2.8			$	11.0			$	66.4			$	20.0
Twenty-one other acquisitions completed in 2024			229				48.8				271.3				2.6				16.8				53.3				392.8				108.5
			358			$	78.9			$	467.6			$	2.6			$	33.6			$	71.3			$	654.0			$	138.5

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 six-month period ended June 30, 2024 (in millions):


																Twenty-one Other
				EIS				TRA				OPR				Acquisitions				Total
Cash and cash equivalents				$	0.1			$	4.1			$	0.8			$	9.9			$	14.9
Fiduciary assets					1.0				2.6				—				34.1				37.7
Other current assets					3.5				0.5				2.7				11.3				18.0
Fixed assets					—				0.4				—				0.7				1.1
Noncurrent assets					0.1				1.7				2.0				3.8				7.6
Goodwill					27.4				65.8				41.9				205.9				341.0
Expiration lists					35.9				57.4				22.1				185.5				300.9
Non-compete agreements					0.5				0.6				0.2				6.2				7.5
Trade names					—				—				—				0.3				0.3
Total assets acquired					68.5				133.1				69.7				457.7				729.0
Fiduciary liabilities					1.0				2.6				—				34.1				37.7
Current liabilities					0.8				0.6				1.1				14.7				17.2
Noncurrent liabilities					0.1				1.7				2.2				16.1				20.1
Total liabilities assumed					1.9				4.9				3.3				64.9				75.0
Total net assets acquired				$	66.6			$	128.2			$	66.4			$	392.8			$	654.0

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, 2023 (in millions, except per share data):


	Three-month period ended								Six-month period ended
	June 30,								June 30,
	2024				2023				2024				2023
Total revenues	$	2,785.4			$	2,478.5			$	6,061.9			$	5,223.0
Net earnings attributable to controlling interests		283.9				235.8				893.7				724.9
Basic net earnings per share		1.30				1.10				4.10				3.38
Diluted net earnings per share		1.27				1.07				4.02				3.32