XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Commissions and fees $ 4,199.4 $ 3,563.2 $ 3,047.5
Investment income 52.4 6.5 1.1
Other income, net 5.3 3.7 2.8
Total revenues 4,257.1 3,573.4 3,051.4
EXPENSES      
Employee compensation and benefits 2,186.6 1,816.9 1,636.9
Other operating expenses 649.9 596.8 403.0
(Gain)/loss on disposal (143.3) (4.5) (9.6)
Amortization 166.0 146.6 119.6
Depreciation 40.0 39.2 33.3
Interest 190.0 141.2 65.0
Change in estimated acquisition earn-out payables 21.8 (38.9) 40.4
Total expenses 3,111.0 2,697.3 2,288.6
Income before income taxes 1,146.1 876.1 762.8
Income taxes 275.6 204.3 175.7
Net income $ 870.5 $ 671.8 $ 587.1
Net income per share:      
Basic $ 3.07 $ 2.38 $ 2.08
Diluted 3.05 2.37 2.07
Dividends declared per share $ 0.48 $ 0.42 $ 0.38