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Supplemental Disclosures of Cash Flow Information
 6 Months Ended
Jun. 30, 2025
Cash and Cash Equivalents [Abstract]  
Supplemental Disclosures of Cash Flow Information Supplemental Disclosures of Cash Flow Information
Six-month period ended June 30,
Supplemental disclosures of cash flow information (in millions):20252024
Interest paid$224.0 $162.1 
Income taxes paid, net206.1 167.8 
The following is a reconciliation of our end of period cash, cash equivalents, restricted cash and fiduciary cash balances as presented in the consolidated statement of cash flows for the six-month periods ended June 30, 2025 and 2024 (in millions):
June 30,
20252024
Cash and cash equivalents - non-restricted cash$14,068.3 $1,219.2 
Cash and cash equivalents - restricted cash231.2 196.1 
Total cash and cash equivalents14,299.5 1,415.3 
Fiduciary cash6,507.0 5,422.5 
Total cash, cash equivalents, restricted cash and fiduciary cash$20,806.5 $6,837.8 
Total cash and cash equivalents, restricted cash and fiduciary cash at June 30, 2025 and June 30, 2024, include $15,047.9 million and $1,947.4 million, respectively, of income earning money market accounts. The increase in cash invested in money market accounts between years is primarily due to the proceeds received from the AssuredPartners Financing ($13.5 billion) and proceeds received in January 2025 from the exercise by the underwriters of the overallotment provision related to the follow-on-common stock offering ($1.28 billion). Refer to Note 3 for more information regarding the AssuredPartners Financing. The dividend income on money market accounts was recorded in interest income, premium finance and other income in our consolidated statement of earnings, which increased $288.1 million during the six-month period ended June 30, 2025 ($287.2 million of which related to the proceeds from the AssuredPartners Financing) to $480.1 million for the period ended June 30, 2025 compared to $192.0 million for the period ended June 30, 2024.
We have a qualified contributory savings and thrift 401(k) plan covering the majority of our domestic employees. For eligible employees who have met the plan’s age and service requirements to receive matching contributions, we historically have matched 100% of pretax and Roth elective deferrals up to a maximum of 5.0% of eligible compensation, subject to federal limits on plan contributions and not in excess of the maximum amount deductible for federal income tax purposes. Beginning in 2021, the amount matched by the Company will be discretionary and annually determined by management. Employees must be employed and eligible for the plan on the last day of the plan year to receive a matching contribution, subject to certain exceptions enumerated in the plan document. Matching contributions are subject to a five-year graduated vesting schedule and can be funded in cash or the common stock of the Company. We expensed (net of plan forfeitures) $59.8 million and $56.0 million related to the plan in the six-month periods ended June 30, 2025 and 2024, respectively. During 2024, our management authorized the 5.0% employer matching contribution on eligible compensation to the 401(k) plan for the 2024 plan year to be funded with our common stock, which was funded in February 2025. During 2023, our management authorized the 5.0% employer matching contribution on eligible compensation to the 401(k) plan for the 2023 plan year to be funded with our common stock, which was funded in February 2024.