XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,107 $ 700
Fiduciary cash 1,867 1,603
Short-term investments 9 11
Commission, fees and other receivables 930 790
Fiduciary receivables 1,275 1,125
Reinsurance recoverable 100 125
Prepaid reinsurance premiums 483 462
Other current assets 318 314
Total current assets 6,089 5,130
Fixed assets, net 290 270
Operating lease assets 192 199
Goodwill 7,431 7,341
Amortizable intangible assets, net 1,565 1,621
Investments 22 21
Other assets 355 301
Total assets 15,944 14,883
Current Liabilities:    
Fiduciary liabilities 3,142 2,727
Losses and loss adjustment reserve 108 131
Unearned premiums 603 462
Accounts payable 313 459
Accrued expenses and other liabilities 500 608
Current portion of long-term debt 725 569
Total current liabilities 5,391 4,956
Long-term debt less unamortized discount and debt issuance costs 3,391 3,227
Operating lease liabilities 180 179
Deferred income taxes, net 614 616
Other liabilities 331 326
Equity:    
Common stock, par value $0.10 per share; authorized 560 shares; issued 305 shares and outstanding 285 shares at 2024, issued 304 shares and outstanding 285 shares at 2023, respectively 30 30
Additional paid-in capital 1,027 1,027
Treasury stock, at cost 20 shares at 2024 and 2023 (748) (748)
Accumulated other comprehensive loss (47) (19)
Non-controlling interests 11  
Retained earnings 5,764 5,289
Total equity 6,037 5,579
Total liabilities and equity $ 15,944 $ 14,883