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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 627.9 $ 650.0
Fiduciary cash 1,635.5 1,383.2
Short-term investments 10.1 12.0
Commission, fees and other receivables 751.3 642.9
Fiduciary receivables 1,005.0 881.4
Reinsurance recoverable 187.2 831.0
Prepaid reinsurance premiums 450.6 393.2
Other current assets 227.3 202.3
Total current assets 4,894.9 4,996.0
Fixed assets, net 244.7 239.9
Operating lease assets 204.9 214.9
Goodwill 6,865.1 6,674.2
Amortizable intangible assets, net 1,562.5 1,595.2
Investments 27.5 22.4
Other assets 271.9 230.9
Total assets 14,071.5 13,973.5
Current Liabilities:    
Fiduciary liabilities 2,640.5 2,264.6
Losses and loss adjustment reserve 198.8 841.1
Unearned premiums 487.5 412.3
Accounts payable 329.1 286.5
Accrued expenses and other liabilities 448.6 541.5
Current portion of long-term debt 53.1 250.6
Total current liabilities 4,157.6 4,596.6
Long-term debt less unamortized discount and debt issuance costs 3,762.4 3,691.5
Operating lease liabilities 186.0 195.9
Deferred income taxes, net 571.9 584.0
Other liabilities 321.1 298.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively 30.3 30.3
Additional paid-in capital 927.1 919.7
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively. (748.1) (748.0)
Accumulated other comprehensive loss (50.5) (148.4)
Retained earnings 4,913.7 4,553.0
Total shareholders’ equity 5,072.5 4,606.6
Total liabilities and shareholders’ equity $ 14,071.5 $ 13,973.5