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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Summarized Financial Information Reportable Segments

Summarized financial information concerning the Company’s reportable segments is shown in the following tables. The “Other” column includes any revenue and expenses not allocated to reportable segments, corporate-related items, including the intercompany interest expense charge to the reporting segment.

 

 

 

Three months ended March 31, 2021

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Other

 

 

Total

 

Total revenues

 

$

522,915

 

 

$

154,893

 

 

$

90,875

 

 

$

46,974

 

 

$

(381

)

 

$

815,276

 

Investment income

 

$

18

 

 

$

152

 

 

$

41

 

 

$

3

 

 

$

36

 

 

$

250

 

Amortization

 

$

18,833

 

 

$

6,875

 

 

$

2,397

 

 

$

1,388

 

 

$

—

 

 

$

29,493

 

Depreciation

 

$

2,758

 

 

$

2,147

 

 

$

644

 

 

$

381

 

 

$

1,526

 

 

$

7,456

 

Interest expense

 

$

22,621

 

 

$

4,128

 

 

$

4,253

 

 

$

821

 

 

$

(15,481

)

 

$

16,342

 

Income before income taxes

 

$

151,223

 

 

$

41,148

 

 

$

18,782

 

 

$

9,257

 

 

$

18,797

 

 

$

239,207

 

Total assets

 

$

7,210,499

 

 

$

3,398,682

 

 

$

1,787,033

 

 

$

483,920

 

 

$

(3,969,341

)

 

$

8,910,793

 

Capital expenditures

 

$

2,316

 

 

$

3,001

 

 

$

489

 

 

$

157

 

 

$

5,462

 

 

$

11,425

 

 

 

 

 

Three months ended March 31, 2020

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Other

 

 

Total

 

Total revenues

 

$

447,489

 

 

$

128,412

 

 

$

77,698

 

 

$

44,452

 

 

$

444

 

 

$

698,495

 

Investment income

 

$

83

 

 

$

263

 

 

$

50

 

 

$

—

 

 

$

765

 

 

$

1,161

 

Amortization

 

$

16,287

 

 

$

6,365

 

 

$

2,349

 

 

$

1,390

 

 

$

—

 

 

$

26,391

 

Depreciation

 

$

2,036

 

 

$

1,905

 

 

$

431

 

 

$

351

 

 

$

1,298

 

 

$

6,021

 

Interest expense

 

$

21,798

 

 

$

4,682

 

 

$

1,711

 

 

$

1,091

 

 

$

(13,991

)

 

$

15,291

 

Income before income taxes

 

$

128,662

 

 

$

29,645

 

 

$

17,686

 

 

$

10,080

 

 

$

19,180

 

 

$

205,253

 

Total assets

 

$

6,375,532

 

 

$

3,054,411

 

 

$

1,514,243

 

 

$

475,168

 

 

$

(3,837,009

)

 

$

7,582,345

 

Capital expenditures

 

$

2,499

 

 

$

1,513

 

 

$

1,227

 

 

$

267

 

 

$

10,952

 

 

$

16,458