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Consolidated Statement of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues before reimbursements $ 3,177.9 $ 2,736.0 $ 6,866.3 $ 5,954.1
Reimbursements 42.9 39.4 81.9 78.0
Total revenues 3,220.8 2,775.4 6,948.2 6,032.1
Compensation 1,803.4 1,620.1 3,701.1 3,346.0
Operating 519.3 425.6 1,009.7 861.3
Reimbursements 42.9 39.4 81.9 78.0
Interest 158.6 94.3 317.0 186.5
Depreciation 49.7 40.8 93.8 86.2
Amortization 181.1 170.8 390.4 333.1
Change in estimated acquisition earnout payables (5.6) 18.8 10.2 2.7
Total expenses 2,749.4 2,409.8 5,604.1 4,893.8
Earnings before income taxes 471.4 365.6 1,344.1 1,138.3
Provision for income taxes 105.2 80.2 269.0 240.2
Net earnings 366.2 285.4 1,075.1 898.1
Net earnings attributable to noncontrolling interests 0.4 2.0 4.9 6.3
Net earnings attributable to controlling interests $ 365.8 $ 283.4 $ 1,070.2 $ 891.8
Basic net earnings per share (in dollars per share) $ 1.43 $ 1.30 $ 4.19 $ 4.09
Diluted net earnings per share (in dollars per share) 1.40 1.27 4.12 4.01
Dividends declared per common share (in dollars per share) $ 0.65 $ 0.60 $ 1.30 $ 1.20
Commissions        
Revenues before reimbursements $ 1,807.5 $ 1,661.8 $ 4,056.7 $ 3,655.4
Fees        
Revenues before reimbursements 962.4 827.1 1,947.2 1,778.3
Supplemental revenues        
Revenues before reimbursements 102.8 88.7 216.7 182.6
Contingent revenues        
Revenues before reimbursements 72.7 59.8 165.6 145.8
Interest income, premium finance revenues and other income        
Revenues before reimbursements $ 232.5 $ 98.6 $ 480.1 $ 192.0