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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Acquisition Method for Recording Business Combinations

During 2024, we acquired substantially all of the ownership interests 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):


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)
Ericson Insurance Services, LLC January 1, 2024 (EIS)			129			$	30.1			$	26.5			$	—			$	3.0			$	7.3			$	66.9			$	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
RIBV Holdings, LLC October 1, 2024 (RIBV)			—				—				171.4				6.5				5.1				24.3				207.3				50.0
Redington Limited October 24, 2024 (RED)			—				—				199.3				0.4				0.7				—				200.4				—
Forty-three other acquisitions completed in 2024			231				48.8				806.5				9.1				44.4				121.8				1,030.6				288.6
			360			$	78.9			$	1,373.5			$	16.0			$	67.0			$	164.4			$	1,699.8			$	368.6

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 2024 (in millions):


		EIS				TRA				OPR				RIBV				RED				Forty-three Other Acquisitions				Total
Cash and cash equivalents		$	0.1			$	4.1			$	0.8			$	1.5			$	19.9			$	24.3			$	50.7
Fiduciary assets			1.0				2.6				—				—				—				49.5				53.1
Other current assets			3.4				0.5				2.7				28.7				6.8				66.0				108.1
Fixed assets			—				0.4				—				2.8				2.9				5.5				11.6
Noncurrent assets			0.1				1.7				2.0				0.2				3.6				9.2				16.8
Goodwill			29.6				59.4				41.9				92.4				107.0				506.9				837.2
Expiration lists			34.2				64.1				22.1				98.7				84.2				488.2				791.5
Non-compete agreements			0.2				0.3				0.2				0.2				8.8				13.9				23.6
Trade names			0.2				—				—				0.9				—				0.8				1.9
Total assets acquired			68.8				133.1				69.7				225.4				233.2				1,164.3				1,894.5
Fiduciary liabilities			1.0				2.6				—				—				—				49.5				53.1
Current liabilities			0.8				0.6				1.1				11.9				5.9				37.3				57.6
Noncurrent liabilities			0.1				1.7				2.2				6.2				26.9				46.9				84.0
Total liabilities assumed			1.9				4.9				3.3				18.1				32.8				133.7				194.7
Total net assets acquired		$	66.9			$	128.2			$	66.4			$	207.3			$	200.4			$	1,030.6			$	1,699.8

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):


		Year Ended December 31,
		2024				2023
Total revenues		$	11,766.9			$	10,458.0
Net earnings attributable to controlling interests			1,457.0				963.1
Basic net earnings per share			6.61				4.47
Diluted net earnings per share			6.48				4.38