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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Commissions and fees $ 1,154 $ 1,036 $ 2,390 $ 2,144
Investment income 22 10 40 17
Other income, net 2 1 5 2
Total revenues 1,178 1,047 2,435 2,163
EXPENSES        
Employee compensation and benefits 585 530 1,216 1,101
Other operating expenses 173 162 334 322
Gain on disposal (31)   (29) (6)
Amortization 44 41 86 83
Depreciation 11 10 21 20
Interest 49 48 97 95
Change in estimated acquisition earn-out payables 1 2 (2) 0
Total expenses 832 793 1,723 1,615
Income before income taxes 346 254 712 548
Income taxes 87 64 159 122
Net income before non-controlling interests 259 190 553 426
Less: Net income attributable to non-controlling interests 2   3  
Net income attributable to the Company $ 257 $ 190 $ 550 $ 426
Net income per share:        
Basic $ 0.9 $ 0.67 $ 1.93 $ 1.5
Diluted $ 0.9 $ 0.67 $ 1.92 $ 1.5