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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Commissions and fees $ 1,237 $ 1,108
Investment income 18 7
Other income, net 3 1
Total revenues 1,258 1,116
EXPENSES    
Employee compensation and benefits 631 571
Other operating expenses 161 161
(Gain)/loss on disposal 2 (6)
Amortization 43 41
Depreciation 11 10
Interest 48 47
Change in estimated acquisition earn-out payables (2) (2)
Total expenses 894 822
Income before income taxes 364 294
Income taxes 71 58
Net income before non-controlling interests 293 236
Net income attributable to the Company $ 293 $ 236
Net income per share:    
Basic $ 1.03 $ 0.83
Diluted $ 1.02 $ 0.83