We currently operate through the following three business segments: Global Wealth Management, Institutional Group, and various corporate activities combined in the Other segment.

Our Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group includes branch offices and independent contractor offices of our broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to their clients through our bank subsidiaries, which provide residential, consumer, and commercial lending, as well as FDIC-insured deposit accounts to customers of our private client group and to the general public.

The Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions, with an emphasis on the sale of equity and fixed income products. This segment also includes the management of and participation in underwritings for both corporate and public finance (exclusive of sales credits generated through the private client group, which are included in the Global Wealth Management segment), merger and acquisition, and financial advisory services.

The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held, amortization of stock-based awards, and all unallocated overhead cost associated with the execution of orders; processing of securities transactions; custody of client securities; receipt, identification, and delivery of funds and securities; compliance with regulatory and legal requirements; internal financial accounting and controls; and general administration and acquisition charges.

Information concerning operations in these segments of business for the three months ended March 31, 2020 and 2019 is as follows (in thousands):

	Three Months Ended March 31,
	2020			2019
Net revenues: ⁽¹⁾
Global Wealth Management	$	582,956		$	510,610
Institutional Group		332,238			261,286
Other		(2,160	)		(1,476	)
	$	913,034		$	770,420
Income/(loss) before income taxes:
Global Wealth Management	$	194,167		$	194,490
Institutional Group		41,740			32,204
Other		(120,801	)		(88,885	)
	$	115,106		$	137,809

The following table presents our company’s total assets on a segment basis at March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020		December 31, 2019
Global Wealth Management	$	22,071,309	$	20,675,580
Institutional Group		3,566,205		3,668,723
Other		258,492		265,922
	$	25,896,006	$	24,610,225

We have operations in the United States, United Kingdom, Europe, and Canada. The Company’s foreign operations are conducted through its wholly owned subsidiaries, SNEL and SNC. Substantially all long-lived assets are located in the United States.

Revenues, classified by the major geographic areas in which they are earned for the three months ended March 31, 2020 and 2019, were as follows (in thousands):

	Three Months Ended March 31,
	2020		2019
United States	$	860,132	$	741,230
United Kingdom		37,738		26,390
Other		15,164		2,800
	$	913,034	$	770,420