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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,694.5 $ 693.2
Fiduciary cash 731.6 777.0
Short-term investments 17.6 12.9
Commission, fees and other receivables 613.5 522.6
Fiduciary receivables 706.1 693.7
Reinsurance recoverable 38.4 63.1
Prepaid reinsurance premiums 362.4 392.2
Other current assets 144.8 175.6
Total current assets 4,308.9 3,330.3
Fixed assets, net 214.5 212.0
Operating lease assets 204.2 197.0
Goodwill 5,140.9 4,736.8
Amortizable intangible assets, net 1,171.0 1,081.5
Investments 25.0 31.0
Other assets 208.4 206.8
Total assets 11,272.9 9,795.4
Current Liabilities:    
Fiduciary liabilities 1,437.7 1,470.7
Losses and loss adjustment reserve 38.4 63.1
Unearned premiums 362.5 392.2
Accounts payable 230.8 242.7
Accrued expenses and other liabilities 327.0 456.2
Current portion of long-term debt 42.5 42.5
Total current liabilities 2,438.9 2,667.4
Long-term debt less unamortized discount and debt issuance costs 3,497.1 1,980.4
Operating lease liabilities 185.7 180.0
Deferred income taxes, net 432.0 386.8
Other liabilities 383.8 383.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.0 shares and outstanding 283.1 shares at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021 30.2 30.1
Additional paid-in capital 823.5 849.4
Treasury stock, at cost at 18.9 shares at 2022, 18.5 shares at 2021, respectively (698.0) (673.9)
Accumulated other comprehensive loss (12.4) (9.4)
Retained earnings 4,192.1 4,000.7
Total shareholders’ equity 4,335.4 4,196.9
Total liabilities and shareholders’ equity $ 11,272.9 $ 9,795.4