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Segment, Geographic and Product Information
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment, Geographic and Product Information Segment, Geographic and Product Information
Segment Information
The Company currently operates in one reportable segment, brokerage services. We provide or have provided brokerage services to the financial markets, through integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equities, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions.
Geographic Information
The Company offers products and services in the U.K., U.S., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues:
U.K.$158,578 $216,228 $339,458 $452,792 
U.S.131,959 129,880 280,779 273,319 
Asia64,236 75,283 141,285 158,367 
Other Europe/MEA40,843 50,820 93,948 108,771 
France23,345 24,325 53,607 55,280 
Other Americas16,795 15,914 33,143 31,497 
Total revenues$435,756 $512,450 $942,220 $1,080,026 
Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas is as follows (in thousands):
June 30,
2022
December 31, 2021
Long-lived assets:
U.S.$778,449 $771,696 
U.K.400,412 412,767 
Asia76,979 73,779 
Other Europe/MEA48,138 47,888 
Other Americas16,771 16,032 
France13,899 16,996 
Total long-lived assets$1,334,648 $1,339,158 
Product Information
The Company’s business is based on the products and services provided and reflect the manner in which financial information is evaluated by management.
The Company specializes in the brokerage of a broad range of products, including fixed income (Rates and Credit), FX, Equities, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). It also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions.
Product information regarding revenues is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues:
Rates$137,129 $136,474 $295,938 $298,267 
FX74,347 72,807 154,372 156,240 
Energy and commodities66,687 74,735 149,082 150,603 
Credit61,257 72,609 145,165 162,656 
Equities58,291 60,825 125,419 131,287 
Insurance1
— 54,315 — 106,695 
Total brokerage revenues$397,711 $471,765 $869,976 $1,005,748 
All other revenues38,045 40,685 72,244 74,278 
Total revenues$435,756 $512,450 $942,220 $1,080,026 
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1On November 1, 2021, we sold our Insurance Brokerage business to The Ardonagh Group (see Note 5—"Divestitures")