Change in Presentation of Fiduciary Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Prior Period Adjustment [Abstract]

Summary of Changes to the Presentation of Consolidated Balance Sheet and Statement of Cash Flows

The effect of the changes to the presentation of our consolidated balance sheet as of December 31, 2022 is summarized below:

	December 31,
(In millions)	Reported 2022		Change			Revised 2022
Cash and cash equivalents	$	342.3	$	396.1		$	738.4
Restricted cash		4,621.9		(4,621.9	)		—
Premiums and fees receivable		16,408.9		(16,408.9	)		—
Fiduciary assets		—		18,236.7			18,236.7
Accounts receivable, net		—		2,911.1			2,911.1
Other current assets		1,461.5		(1,062.5	)		399.0
Total current assets		22,834.6		(549.4	)		22,285.2
Total assets		38,907.8		(549.4	)		38,358.4
Premium payable to underwriting enterprises		18,698.2		(18,698.2	)		—
Fiduciary liabilities		—		18,236.7			18,236.7
Accrued compensation and other accrued liabilities		2,091.2		(87.9	)		2,003.3
Total current liabilities		21,888.0		(549.4	)		21,338.6
Total liabilities		29,717.6		(549.4	)		29,168.2
Total liabilities and stockholders' equity		38,907.8		(549.4	)		38,358.4

The effect of the changes to the presentation of our statement of cash flows for the year ended December 31, 2022 and 2021 is summarized below:

	Year ended December 31,
(In millions)	Reported 2022			Change			Revised 2022
Cash flows from operating activities:
Net change in accounts receivable, net	$	—		$	(319.6	)	$	(319.6	)
Net change in premium and fees receivable		(4,789.3	)		4,789.3			—
Net change in premiums payable to underwriting enterprises		5,084.2			(5,084.2	)		—
Net change in other current assets		(47.1	)		(24.6	)		(71.7	)
Net change in accrued compensation and other accrued liabilities		215.3			(96.3	)		119.0
Net cash provided by operating activities		2,125.4			(735.4	)		1,390.0
Cash flows from financing activities:
Net change in fiduciary assets and liabilities		—			735.4			735.4
Net cash provided by (used) by financing activities		(522.8	)		735.4			212.6

	Year ended December 31,
(In millions)	Reported 2021			Change			Revised 2021
Cash flows from operating activities:
Net change in accounts receivable, net	$	—		$	(172.3	)	$	(172.3	)
Net change in premium and fees receivable		132.9			(132.9	)		—
Net change in premiums payable to underwriting enterprises		35.5			(35.5	)		—
Net change in other current assets		(136.8	)		34.0			(102.8	)
Net change in accrued compensation and other accrued liabilities		222.3			(5.0	)		217.3
Net cash provided by operating activities		1,704.1			(311.7	)		1,392.4
Cash flows from financing activities:
Net change in fiduciary assets and liabilities		—			311.7			311.7
Net cash provided by financing activities		2,684.1			311.7			2,995.8