19.

Segment Information

We have three reportable operating segments: brokerage, risk management and corporate. The brokerage segment is primarily comprised of our retail and wholesale insurance brokerage operations. The brokerage segment generates revenues through commissions paid by insurance underwriters and through fees charged to our clients. Our brokers, agents and administrators act as intermediaries between insurers and their customers and we do not assume underwriting risks. The risk management segment provides contract claim settlement and administration services for enterprises that choose to self-insure some or all of their property/casualty coverages and for insurance companies that choose to outsource some or all of their property/casualty claims departments. These operations also provide claims management, loss control consulting and insurance property appraisal services. Revenues are principally generated on a negotiated per-claim or per-service fee basis. The corporate segment manages our clean energy and other investments. This segment also holds all of our corporate debt. Allocations of investment income and certain expenses are based on reasonable assumptions and estimates primarily using revenue, headcount and other information. We allocate the provision for income taxes to the brokerage and risk management segments using the local county statutory rates. Reported operating results by segment would change if different methods were applied.

Financial information relating to our segments for 2015, 2014 and 2013 is as follows (in millions):


Year Ended December 31, 2015	Brokerage			Risk Management			Corporate			Total
Revenues:
Commissions	$	2,338.7		$	—		$	—		$	2,338.7
Fees		705.8			726.5			—			1,432.3
Supplemental commissions		125.5			—			—			125.5
Contingent commissions		93.7			—			—			93.7
Investment income		53.6			0.6			—			54.2
Gains on books of business sales and other		6.7			—			—			6.7
Revenue from clean coal activities		—			—			1,310.8			1,310.8
Other - net gain		—			—			30.5			30.5

Total revenues		3,324.0			727.1			1,341.3			5,392.4

Compensation		1,939.7			427.2			62.0			2,428.9
Operating		638.1			180.8			21.8			840.7
Cost of revenues from clean coal activities		—			—			1,351.5			1,351.5
Interest		—			—			103.0			103.0
Depreciation		54.4			24.3			15.2			93.9
Amortization		237.3			3.0			—			240.3
Change in estimated acquisition earnout payables		41.1			(0.5	)		—			40.6

Total expenses		2,910.6			634.8			1,553.5			5,098.9

Earnings (loss) before income taxes		413.4			92.3			(212.2	)		293.5
Provision (benefit) for income taxes		145.3			35.1			(276.0	)		(95.6	)

Net earnings		268.1			57.2			63.8			389.1
Net earnings attributable to noncontrolling interests		1.7			—			30.6			32.3

Net earnings attributable to controlling interests	$	266.4		$	57.2		$	33.2		$	356.8

Net foreign exchange gain (loss)	$	(0.2	)	$	—		$	0.4		$	0.2
Revenues:
United States	$	2,122.1		$	591.8		$	1,327.5		$	4,041.4
United Kingdom		738.5			28.4			—			766.9
Australia		157.3			99.4			—			256.7
Canada		133.1			3.5			—			136.6
New Zealand		118.6			4.0			—			122.6
Other foreign		54.4			—			13.8			68.2

Total revenues	$	3,324.0		$	727.1		$	1,341.3		$	5,392.4

At December 31, 2015
Identifiable assets:
United States	$	4,092.8		$	525.2		$	1,264.9		$	5,882.9
United Kingdom		2,580.0			72.1			—			2,652.1
Australia		895.8			55.6			—			951.4
Canada		575.0			3.1			—			578.1
New Zealand		623.1			4.1			—			627.2
Other foreign		203.0			—			19.1			222.1

Total identifiable assets	$	8,969.7		$	660.1		$	1,284.0		$	10,913.8

Goodwill - net	$	3,635.6		$	27.3		$	—		$	3,662.9
Amortizable intangible assets - net		1,677.8			21.0			—			1,698.8


Year Ended December 31, 2014	Brokerage		Risk Management			Corporate			Total
Revenues:
Commissions	$	2,083.0	$	—		$	—		$	2,083.0
Fees		577.0		681.3			—			1,258.3
Supplemental commissions		104.0		—			—			104.0
Contingent commissions		84.7		—			—			84.7
Investment income		40.3		1.0			—			41.3
Gains on books of business sales and other		7.3		—			—			7.3
Revenue from clean coal activities		—		—			1,029.5			1,029.5
Other - net gain		—		—			18.4			18.4

Total revenues		2,896.3		682.3			1,047.9			4,626.5

Compensation		1,703.1		414.2			50.3			2,167.6
Operating		530.1		176.4			36.6			743.1
Cost of revenues from clean coal activities		—		—			1,058.9			1,058.9
Interest		—		—			89.0			89.0
Depreciation		44.4		21.2			3.8			69.4
Amortization		186.3		3.2			—			189.5
Change in estimated acquisition earnout payables		17.6		(0.1	)		—			17.5

Total expenses		2,481.5		614.9			1,238.6			4,335.0

Earnings (loss) before income taxes		414.8		67.4			(190.7	)		291.5
Provision (benefit) for income taxes		151.0		25.3			(212.3	)		(36.0	)

Net earnings		263.8		42.1			21.6			327.5
Net earnings attributable to noncontrolling interests		0.9		—			23.2			24.1

Net earnings (loss) attributable to controlling interests	$	262.9	$	42.1		$	(1.6	)	$	303.4

Net foreign exchange gain (loss)	$	1.1	$	—		$	(0.6	)	$	0.5
Revenues:
United States	$	1,873.3	$	532.6		$	1,036.9		$	3,442.8
United Kingdom		696.8		29.4			—			726.2
Australia		122.4		114.2			—			236.6
Canada		81.8		3.2			—			85.0
New Zealand		78.4		2.9			—			81.3
Other foreign		43.6		—			11.0			54.6

Total revenues	$	2,896.3	$	682.3		$	1,047.9		$	4,626.5

At December 31, 2014
Identifiable assets:
United States	$	3,557.1	$	457.5		$	1,032.0		$	5,046.6
United Kingdom		2,376.4		74.0			—			2,450.4
Australia		992.2		39.0			—			1,031.2
Canada		639.2		2.8			—			642.0
New Zealand		614.1		1.6			—			615.7
Other foreign		207.2		—			16.9			224.1

Total identifiable assets	$	8,386.2	$	574.9		$	1,048.9		$	10,010.0

Goodwill - net	$	3,427.5	$	22.1		$	—		$	3,449.6
Amortizable intangible assets - net		1,757.3		18.7			—			1,776.0


Year Ended December 31, 2013	Brokerage		Risk Management			Corporate			Total
Revenues:
Commissions	$	1,553.1	$	—		$	—		$	1,553.1
Fees		432.5		627.0			—			1,059.5
Supplemental commissions		77.3		—			—			77.3
Contingent commissions		52.1		—			—			52.1
Investment income		6.1		2.0			—			8.1
Gains on books of business sales and other		5.2		—			—			5.2
Revenue from clean coal activities		—		—			412.5			412.5
Other - net gain		—		—			11.8			11.8

Total revenues		2,126.3		629.0			424.3			3,179.6

Compensation		1,277.9		383.0			24.1			1,685.0
Operating		364.7		149.0			22.2			535.9
Cost of revenues from clean coal activities		—		—			437.3			437.3
Interest		—		—			50.1			50.1
Depreciation		30.8		19.7			2.9			53.4
Amortization		122.3		2.9			—			125.2
Change in estimated acquisition earnout payables		3.4		(1.7	)		—			1.7

Total expenses		1,799.1		552.9			536.6			2,888.6

Earnings (loss) before income taxes		327.2		76.1			(112.3	)		291.0
Provision (benefit) for income taxes		122.2		28.4			(144.2	)		6.4

Net earnings		205.0		47.7			31.9			284.6
Net earnings attributable to noncontrolling interests		1.7		—			14.3			16.0

Net earnings attributable to controlling interests	$	203.3	$	47.7		$	17.6		$	268.6

Net foreign exchange gain (loss)	$	0.6	$	—		$	(0.4	)	$	0.2
Revenues:
United States	$	1,626.8	$	491.5		$	415.2		$	2,533.5
United Kingdom		400.5		27.4			—			427.9
Australia		47.1		105.5			—			152.6
Canada		29.5		3.1			—			32.6
New Zealand		—		1.5			—			1.5
Other foreign		22.4		—			9.1			31.5

Total revenues	$	2,126.3	$	629.0		$	424.3		$	3,179.6

At December 31, 2013
Identifiable assets:
United States	$	3,191.5	$	447.1		$	783.8		$	4,422.4
United Kingdom		1,819.5		58.8			—			1,878.3
Australia		214.3		63.6			—			277.9
Canada		107.3		1.5			—			108.8
New Zealand		—		1.8			—			1.8
Other foreign		162.0		—			9.3			171.3

Total identifiable assets	$	5,494.6	$	572.8		$	793.1		$	6,860.5

Goodwill - net	$	2,122.9	$	22.3		$	—		$	2,145.2
Amortizable intangible assets - net		1,057.4		21.4			—			1,078.8