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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 2,383.5 $ 693.2
Fiduciary cash 904.0 777.0
Short-term investments 14.9 12.9
Commission, fees and other receivables 600.8 522.6
Fiduciary receivables 784.6 693.7
Reinsurance recoverable 34.7 63.1
Prepaid reinsurance premiums 385.4 392.2
Other current assets 222.5 175.6
Total current assets 5,330.4 3,330.3
Fixed assets, net 214.6 212.0
Operating lease assets 203.3 197.0
Goodwill 5,149.0 4,736.8
Amortizable intangible assets, net 1,145.7 1,081.5
Investments 23.7 31.0
Other assets 213.2 206.8
Total assets 12,279.9 9,795.4
Current Liabilities:    
Fiduciary liabilities 1,688.6 1,470.7
Losses and loss adjustment reserve 34.7 63.1
Unearned premiums 408.4 392.2
Accounts payable 279.3 242.7
Accrued expenses and other liabilities 421.4 456.2
Current portion of long-term debt 67.5 42.5
Total current liabilities 2,899.9 2,667.4
Long-term debt less unamortized discount and debt issuance costs 4,156.3 1,980.4
Operating lease liabilities 185.9 180.0
Deferred income taxes, net 443.1 386.8
Other liabilities 311.3 383.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.0 shares and outstanding 282.2 shares at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively 30.2 30.1
Additional paid-in capital 835.7 849.4
Treasury stock, at cost at 19.7 shares at 2022, 18.5 shares at 2021, respectively (748.0) (673.9)
Accumulated other comprehensive loss (142.8) (9.4)
Retained earnings 4,308.3 4,000.7
Total shareholders’ equity 4,283.4 4,196.9
Total liabilities and shareholders’ equity $ 12,279.9 $ 9,795.4