XML 54 R43.htm IDEA: XBRL DOCUMENT v3.26.1
Business Combinations - Schedule of Business Acquisitions (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Business Combination, Consideration Transferred [Abstract]    
Cash consideration paid $ 567,889  
Fair value of contingent earnout consideration 315,998  
Fair value of equity interest 510,561 $ 863
Deferred payments(1) 165,164  
Total consideration 1,559,612  
Recognized amounts of identifiable assets acquired and liabilities assumed:    
Cash 16,393  
Fiduciary cash 103,993  
Assumed premiums, commissions and fees receivable 45,174  
Fiduciary receivables 191,182  
Prepaid expenses and other current assets 2,355  
Property and equipment 8,778  
Right-of-use assets 27,302  
Other assets 5,728  
Intangible assets 550,983  
Fiduciary liabilities (295,175)  
Commissions payable (45,340)  
Accrued expenses and other current liabilities (21,590)  
Operating lease liabilities, less current portion (22,858)  
Deferred tax liabilities (142,208)  
Total identifiable net assets acquired 424,717  
Goodwill 1,134,895  
Net assets acquired less goodwill and noncontrolling interest 1,559,612  
Non-current portion of deferred payment obligations 129,400  
Total Business Combinations    
Recognized amounts of identifiable assets acquired and liabilities assumed:    
Maximum potential contingent earnout consideration 544,855  
CAC Group    
Business Combination, Consideration Transferred [Abstract]    
Cash consideration paid 445,535  
Fair value of contingent earnout consideration 225,000  
Fair value of equity interest 494,778  
Deferred payments(1) 54,900  
Total consideration 1,220,213  
Recognized amounts of identifiable assets acquired and liabilities assumed:    
Cash 13,692  
Fiduciary cash 88,804  
Assumed premiums, commissions and fees receivable 43,869  
Fiduciary receivables 188,515  
Prepaid expenses and other current assets 2,044  
Property and equipment 8,778  
Right-of-use assets 26,494  
Other assets 5,728  
Intangible assets 410,245  
Fiduciary liabilities (277,319)  
Commissions payable (45,172)  
Accrued expenses and other current liabilities (15,507)  
Operating lease liabilities, less current portion (22,050)  
Deferred tax liabilities (115,997)  
Total identifiable net assets acquired 312,124  
Goodwill 908,089  
Net assets acquired less goodwill and noncontrolling interest 1,220,213  
Maximum potential contingent earnout consideration 250,000  
Obie    
Business Combination, Consideration Transferred [Abstract]    
Cash consideration paid 86,958  
Fair value of contingent earnout consideration 81,755  
Fair value of equity interest 8,393  
Deferred payments(1) 110,264  
Total consideration 287,370  
Recognized amounts of identifiable assets acquired and liabilities assumed:    
Cash 1,962  
Fiduciary cash 15,189  
Assumed premiums, commissions and fees receivable 607  
Fiduciary receivables 2,667  
Prepaid expenses and other current assets 272  
Property and equipment 0  
Right-of-use assets 808  
Other assets 0  
Intangible assets 121,688  
Fiduciary liabilities (17,856)  
Commissions payable 0  
Accrued expenses and other current liabilities (5,553)  
Operating lease liabilities, less current portion (808)  
Deferred tax liabilities (26,211)  
Total identifiable net assets acquired 92,765  
Goodwill 194,605  
Net assets acquired less goodwill and noncontrolling interest 287,370  
Maximum potential contingent earnout consideration 275,000  
Capstone    
Business Combination, Consideration Transferred [Abstract]    
Cash consideration paid 35,396  
Fair value of contingent earnout consideration 9,243  
Fair value of equity interest 7,390  
Deferred payments(1) 0  
Total consideration 52,029  
Recognized amounts of identifiable assets acquired and liabilities assumed:    
Cash 739  
Fiduciary cash 0  
Assumed premiums, commissions and fees receivable 698  
Fiduciary receivables 0  
Prepaid expenses and other current assets 39  
Property and equipment 0  
Right-of-use assets 0  
Other assets 0  
Intangible assets 19,050  
Fiduciary liabilities 0  
Commissions payable (168)  
Accrued expenses and other current liabilities (530)  
Operating lease liabilities, less current portion 0  
Deferred tax liabilities 0  
Total identifiable net assets acquired 19,828  
Goodwill 32,201  
Net assets acquired less goodwill and noncontrolling interest 52,029  
Maximum potential contingent earnout consideration $ 19,855