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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 543,186 $ 425,420
Less: Net income attributable to non-controlling interests (382) 0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23,077 25,097
Amortization 33,071 31,284
Equity in earnings of unconsolidated affiliate (94,290) (102,375)
Distributions received from unconsolidated affiliate 104,768 112,476
Stock-based compensation 41,985 37,224
Provision for losses on receivables 765 1,170
Deferred income taxes 33,134 (21,051)
Net gain from investments (4,244) (3,349)
Net gain from business divestiture (94,412) 0
Net gain from sale of property 0 (8,151)
Change in other long-term liabilities 2,711 3,205
Change in other assets (6,029) (4,005)
Contract costs capitalized, net of amortization (3,653) (2,306)
Contingent consideration fair value adjustments (4,054) (1,547)
Insurance rebates received for Health and Welfare Benefit Plan Trust 14,500 0
Insurance rebates transferred to Health and Welfare Benefit Plan Trust (14,500) 0
Other (898) (1,353)
Change in current assets and liabilities:    
Receivables from investment products 3,555 1,301
Receivables (112,214) (109,522)
Other current assets (6,986) 606
Advances due from unconsolidated affiliate 51,738 51,005
Accounts payable (5,210) (2,364)
Accrued liabilities (19,742) (1,655)
Deferred revenue 560 (4,036)
Total adjustments (56,368) 1,654
Net cash provided by operating activities, excluding variable interest entities 481,264 427,074
Net income attributable to non-controlling interests 382 0
Adjustments to reconcile net income attributable to non-controlling interests to net cash provided by operating activities of consolidated variable interest entities:    
Net gain from investments (1,845) 0
Net cash provided by operating activities, excluding variable interest entities 481,264 427,074
Cash flows from investing activities:    
Additions to property and equipment (21,069) (27,203)
Additions to capitalized software (22,828) (18,414)
Purchases of marketable securities (123,708) (134,665)
Purchases of interest in limited partnerships (1,114) 0
Prepayments and maturities of marketable securities 93,367 113,801
Sales of marketable securities 0 7,546
Proceeds from fixed asset dispositions 3,293 9,946
Proceeds from business divestiture 116,020 0
Other investing activities (3,464) (8,196)
Net cash provided by/(used in) investing activities 40,497 (57,185)
Cash flows from financing activities:    
Purchase and retirement of common stock (527,491) (252,889)
Proceeds from issuance of common stock 115,888 62,835
Payment of dividends (123,341) (120,338)
Non-controlling interest capital raised 18,470 0
Net cash used in financing activities (516,474) (310,392)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,953 6,941
Net increase in cash and cash equivalents 17,240 66,438
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, beginning of period 840,193  
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, end of period 792,822  
Consolidated Entity, Excluding Consolidated VIE    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain from investments (4,244) (3,349)
Change in current assets and liabilities:    
Net cash provided by operating activities, excluding variable interest entities 486,436 427,074
Adjustments to reconcile net income attributable to non-controlling interests to net cash provided by operating activities of consolidated variable interest entities:    
Net cash provided by operating activities, excluding variable interest entities 486,436 427,074
Consolidated VIEs    
Cash flows from operating activities:    
Less: Net income attributable to non-controlling interests (382) 0
Change in current assets and liabilities:    
Net cash provided by operating activities, excluding variable interest entities (5,172) 0
Net income attributable to non-controlling interests 382 0
Adjustments to reconcile net income attributable to non-controlling interests to net cash provided by operating activities of consolidated variable interest entities:    
Change from investment security transactions (3,808) 0
Net gain from investments (1,770) 0
Change in other assets and liabilities 24 0
Net cash provided by operating activities, excluding variable interest entities (5,172) 0
Cash flows from financing activities:    
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, beginning of period 840,193 834,998
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, end of period $ 857,433 $ 901,436