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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2025

Business Combinations [Abstract]

Acquisition Method for Recording Business Combinations

During the three-month period ended March 31, 2025, 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)
W K Webster & Co Ltd February 1, 2025 (WKW)			—			$	—			$	138.4			$	1.9			$	—			$	13.9			$	154.2			$	28.5
Case Group February 26, 2025 (CSG)			—				—				57.8				3.5				6.5				15.0				82.8				84.1
Nine other acquisitions completed in 2025			49				16.0				147.3				1.6				6.9				29.5				201.3				54.5
			49			$	16.0			$	343.5			$	7.0			$	13.4			$	58.4			$	438.3			$	167.1

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 three-month period ended March 31, 2025 (in millions):


												Nine Other
				WKW				CSG				Acquisitions				Total
Cash and cash equivalents				$	5.3			$	5.6			$	9.9			$	20.8
Fiduciary assets					86.8				—				31.1				117.9
Other current assets					16.7				4.0				6.3				27.0
Fixed assets					1.1				1.0				0.8				2.9
Noncurrent assets					2.2				—				2.0				4.2
Goodwill					83.7				49.5				124.8				258.0
Expiration lists					70.9				36.2				93.7				200.8
Non-compete agreements					7.9				7.3				1.7				16.9
Total assets acquired					274.6				103.6				270.3				648.5
Fiduciary liabilities					86.8				—				31.1				117.9
Current liabilities					11.8				7.3				6.3				25.4
Noncurrent liabilities					21.8				13.5				31.6				66.9
Total liabilities assumed					120.4				20.8				69.0				210.2
Total net assets acquired				$	154.2			$	82.8			$	201.3			$	438.3

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, 2024 (in millions, except per share data):


	Three-month period ended
	March 31,
	2025				2024
Total revenues	$	3,741.1			$	3,285.7
Net earnings attributable to controlling interests		707.6				611.1
Basic net earnings per share		2.78				2.81
Diluted net earnings per share		2.73				2.75