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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Commissions and fees $ 1,035.9 $ 838.7 $ 2,143.9 $ 1,743.1
Investment income 10.3 0.4 17.3 0.6
Other income, net 1.1 0.6 2.1 0.8
Total revenues 1,047.3 839.7 2,163.3 1,744.5
EXPENSES        
Employee compensation and benefits 530.2 412.1 1,101.3 871.0
Other operating expenses 162.0 154.0 322.7 280.8
(Gain)/loss on disposal (0.4) (0.7) (6.1) (0.9)
Amortization 41.2 33.6 82.6 64.7
Depreciation 10.2 8.9 20.1 17.1
Interest 47.9 36.0 94.6 54.3
Change in estimated acquisition earn-out payables 1.8 (3.0) (0.5) (6.4)
Total expenses 792.9 640.9 1,614.7 1,280.6
Income before income taxes 254.4 198.8 548.6 463.9
Income taxes 64.0 53.6 122.7 98.4
Net income $ 190.4 $ 145.2 $ 425.9 $ 365.5
Net income per share:        
Basic (in dollars per share) $ 0.67 $ 0.51 $ 1.50 $ 1.29
Diluted (in dollars per share) 0.67 0.51 1.50 1.29
Dividends declared per share (in dollars per share) $ 0.115 $ 0.103 $ 0.230 $ 0.205