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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 700.3 $ 650.0
Fiduciary cash 1,602.6 1,383.2
Short-term investments 11.0 12.0
Commission, fees and other receivables 789.7 642.9
Fiduciary receivables 1,124.6 881.4
Reinsurance recoverable 125.2 831.0
Prepaid reinsurance premiums 461.5 393.2
Other current assets 315.0 202.3
Total current assets 5,129.9 4,996.0
Fixed assets, net 270.3 239.9
Operating lease assets 198.8 214.9
Goodwill 7,340.8 6,674.2
Amortizable intangible assets, net 1,620.8 1,595.2
Investments 21.0 22.4
Other assets 301.8 230.9
Total assets 14,883.4 13,973.5
Current Liabilities:    
Fiduciary liabilities 2,727.2 2,264.6
Losses and loss adjustment reserve 131.5 841.1
Unearned premiums 462.4 412.3
Accounts payable 458.9 286.5
Accrued expenses and other liabilities 608.2 541.5
Current portion of long-term debt 568.7 250.6
Total current liabilities 4,956.9 4,596.6
Long-term debt less unamortized discount and debt issuance costs 3,226.9 3,691.5
Operating lease liabilities 178.6 195.9
Deferred income taxes, net 616.2 584.0
Other liabilities 326.0 298.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 304.2 shares and outstanding 284.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively 30.4 30.3
Additional paid-in capital 1,027.1 919.7
Treasury stock, at cost at 19.7 shares at 2023 and 19.7 shares at 2022, respectively. (748.1) (748.0)
Accumulated other comprehensive loss (19.1) (148.4)
Retained earnings 5,288.5 4,553.0
Total shareholders’ equity 5,578.8 4,606.6
Total liabilities and shareholders’ equity $ 14,883.4 $ 13,973.5