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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2025
Business Combinations [Abstract]  
Acquisition Method for Recording Business Combinations 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
Shares
Value
Cash PaidAccrued
Liability
Escrow
Deposited
Recorded
Earnout
Payable
Total
Recorded
Purchase
Price
Maximum
Potential
Earnout
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 
Woodruff Sawyer & Co
   April 10, 2025 (WSC)
— 1,195.5 12.2 66.6 — 1,274.3 — 
Seventeen other acquisitions completed in 2025
4916.0 260.0 18.7 10.8 50.0 355.5 95.4 
49$16.0 $1,651.7 $36.3 $83.9 $78.9 $1,866.8 $208.0 
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, 2025 (in millions):
WKWCSGWSC
Seventeen Other
Acquisitions
Total
Cash and cash equivalents$5.3 $5.6 $61.9 $20.7 $93.5 
Fiduciary assets86.8 — 465.3 41.6 593.7 
Other current assets16.7 4.0 77.6 8.7 107.0 
Fixed assets1.1 1.0 12.8 1.1 16.0 
Noncurrent assets2.2 — 25.0 2.9 30.1 
Goodwill83.7 49.5 658.1 236.4 1,027.7 
Expiration lists70.9 36.2 673.4 155.2 935.7 
Non-compete agreements7.9 7.3 2.4 4.0 21.6 
Total assets acquired274.6 103.6 1,976.5 470.6 2,825.3 
Fiduciary liabilities86.8 — 465.3 41.6 593.7 
Current liabilities11.8 7.3 35.2 10.8 65.1 
Noncurrent liabilities21.8 13.5 201.7 62.7 299.7 
Total liabilities assumed120.4 20.8 702.2 115.1 958.5 
Total net assets acquired$154.2 $82.8 $1,274.3 $355.5 $1,866.8 
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, 2024 (in millions, except per share data):
Three-month period ended
June 30,
Six-month period ended
June 30,
2025202420252024
Total revenues$3,229.5 $2,872.1 $7,031.7 $6,218.5 
Net earnings attributable to controlling interests366.4 282.4 1,060.4 881.2 
Basic net earnings per share1.43 1.29 4.15 4.04 
Diluted net earnings per share1.41 1.27 4.08 3.96