XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 755.7 $ 650.0
Fiduciary cash 1,515.2 1,383.2
Short-term investments 13.2 12.0
Commission, fees and other receivables 732.6 642.9
Fiduciary receivables 862.5 881.4
Reinsurance recoverable 220.1 831.0
Prepaid reinsurance premiums 502.7 393.2
Other current assets 243.2 202.3
Total current assets 4,845.2 4,996.0
Fixed assets, net 250.2 239.9
Operating lease assets 198.0 214.9
Goodwill 6,845.6 6,674.2
Amortizable intangible assets, net 1,531.7 1,595.2
Investments 24.3 22.4
Other assets 288.0 230.9
Total assets 13,983.0 13,973.5
Current Liabilities:    
Fiduciary liabilities 2,377.7 2,264.6
Losses and loss adjustment reserve 231.7 841.1
Unearned premiums 530.9 412.3
Accounts payable 380.2 286.5
Accrued expenses and other liabilities 507.5 541.5
Current portion of long-term debt 562.5 250.6
Total current liabilities 4,590.5 4,596.6
Long-term debt less unamortized discount and debt issuance costs 3,144.6 3,691.5
Operating lease liabilities 178.9 195.9
Deferred income taxes, net 568.4 584.0
Other liabilities 301.9 298.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 304.0 shares and outstanding 284.3 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively 30.4 30.3
Additional paid-in capital 987.1 919.7
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively. (748.1) (748.0)
Accumulated other comprehensive loss (127.6) (148.4)
Retained earnings 5,056.9 4,553.0
Total shareholders’ equity 5,198.7 4,606.6
Total liabilities and shareholders’ equity $ 13,983.0 $ 13,973.5