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Consolidated Statement of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues before reimbursements $ 3,325.4 $ 2,766.5 $ 10,191.7 $ 8,720.6
Reimbursements 40.2 40.3 122.1 118.3
Total revenues 3,365.6 2,806.8 10,313.8 8,838.9
Compensation 1,931.7 1,621.9 5,632.8 4,967.9
Operating 580.8 453.7 1,590.5 1,315.0
Reimbursements 40.2 40.3 122.1 118.3
Interest 160.8 92.9 477.8 279.4
Depreciation 54.1 45.3 147.9 131.5
Amortization 222.2 164.7 612.6 497.8
Change in estimated acquisition earnout payables 28.9 (15.3) 39.1 (12.6)
Total expenses 3,018.7 2,403.5 8,622.8 7,297.3
Earnings before income taxes 346.9 403.3 1,691.0 1,541.6
Provision for income taxes 73.3 89.2 342.3 329.4
Net earnings 273.6 314.1 1,348.7 1,212.2
Net earnings attributable to noncontrolling interests 0.9 1.5 5.8 7.8
Net earnings attributable to controlling interests $ 272.7 $ 312.6 $ 1,342.9 $ 1,204.4
Basic net earnings per share (in dollars per share) $ 1.06 $ 1.43 $ 5.25 $ 5.51
Diluted net earnings per share (in dollars per share) 1.04 1.39 5.16 5.40
Dividends declared per common share (in dollars per share) $ 0.65 $ 0.60 $ 1.95 $ 1.80
Commissions        
Revenues before reimbursements $ 1,908.3 $ 1,537.8 $ 5,965.0 $ 5,193.2
Fees        
Revenues before reimbursements 1,057.0 945.0 3,004.2 2,723.3
Supplemental revenues        
Revenues before reimbursements 117.6 79.1 334.3 261.7
Contingent revenues        
Revenues before reimbursements 75.4 69.3 241.0 215.1
Interest income, premium finance revenues and other income        
Revenues before reimbursements $ 167.1 $ 135.3 $ 647.2 $ 327.3