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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Commissions and fees $ 838.7 $ 725.9 $ 1,743.1 $ 1,539.9
Investment income 0.4 0.2 0.6 0.5
Other income, net 0.6 1.2 0.8 2.2
Total revenues 839.7 727.3 1,744.5 1,542.6
EXPENSES        
Employee compensation and benefits 412.1 395.6 871.0 825.1
Other operating expenses 154.0 96.3 280.8 190.6
(Gain)/loss on disposal (0.7) (3.9) (0.9) (4.0)
Amortization 33.6 29.5 64.7 59.0
Depreciation 8.9 8.8 17.1 16.3
Interest 36.0 16.3 54.3 32.6
Change in estimated acquisition earn-out payables (3.0) (1.6) (6.4) (2.5)
Total expenses 640.9 541.0 1,280.6 1,117.1
Income before income taxes 198.8 186.3 463.9 425.5
Income taxes 53.6 47.0 98.4 86.5
Net income $ 145.2 $ 139.3 $ 365.5 $ 339.0
Net income per share:        
Basic (in dollars per share) $ 0.51 $ 0.49 $ 1.29 $ 1.20
Diluted (in dollars per share) 0.51 0.49 1.29 1.20
Dividends declared per share (in dollars per share) $ 0.103 $ 0.093 $ 0.205 $ 0.185