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Business Combinations (Tables)
9 Months Ended
Sep. 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 $— $14.3 $154.6 $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 — 
Dolphin TopCo, Inc., the
   holding company of
      AssuredPartners, Inc.
          August 18, 2025 (APG)
— 13,444.9 — 335.0 — 13,779.9 — 
Twenty-two other acquisitions completed in 2025
5816.0 403.3 19.1 15.3 63.1 516.8 132.1 
58$16.0 $15,239.9 $36.7 $423.4 $92.4 $15,808.4 $244.7 
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 nine-month period ended September 30, 2025 (in millions):
WKWCSGWSCAPG
Twenty-two Other
Acquisitions
Total
Cash and cash equivalents$5.3 $5.6 $61.9 $165.7 $25.8 $264.3 
Fiduciary assets86.8 — 465.3 1,123.8 42.8 1,718.7 
Other current assets16.7 4.0 77.9 1,037.2 13.1 1,148.9 
Fixed assets2.8 1.0 12.8 133.9 1.1 151.6 
Noncurrent assets2.2 0.3 25.1 234.1 3.2 264.9 
Goodwill99.6 49.5 811.9 8,276.4 302.5 9,539.9 
Expiration lists53.6 36.2 459.2 5,993.3 232.3 6,774.6 
Non-compete agreements— 7.3 — — 4.6 11.9 
Trade names2.2 — 8.4 26.9 — 37.5 
Total assets acquired269.2 103.9 1,922.5 16,991.3 625.4 19,912.3 
Fiduciary liabilities86.8 — 465.3 1,123.8 42.8 1,718.7 
Current liabilities11.8 7.3 35.2 867.8 15.0 937.1 
Noncurrent liabilities16.0 13.8 147.7 1,219.8 50.8 1,448.1 
Total liabilities assumed114.6 21.1 648.2 3,211.4 108.6 4,103.9 
Total net assets acquired$154.6 $82.8 $1,274.3 $13,779.9 $516.8 $15,808.4 
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
September 30,
Nine-month period ended
September 30,
2025202420252024
Total revenues$3,881.5 $3,646.1 $12,505.5 $11,346.0 
Net earnings attributable to controlling interests382.5 332.1 1,467.1 1,232.3 
Basic net earnings per share1.49 1.31 5.73 4.86 
Diluted net earnings per share1.47 1.28 5.64 4.78