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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Commissions and fees $ 4,705 $ 4,199 $ 3,563
Investment income 93 52 7
Other income, net 7 6 3
Total revenues 4,805 4,257 3,573
EXPENSES      
Employee compensation and benefits 2,406 2,187 1,817
Other operating expenses 710 650 597
Gain on disposal (31) (143) (5)
Amortization 178 166 147
Depreciation 44 40 39
Interest 193 190 141
Change in estimated acquisition earn-out payables 2 21 (39)
Total expenses 3,502 3,111 2,697
Income before income taxes 1,303 1,146 876
Income taxes 301 275 204
Net income before non-controlling interests 1,002 871 672
Less: Net income attributable to non-controlling interests 9    
Net income attributable to the Company $ 993 $ 871 $ 672
Net income per share:      
Basic $ 3.48 $ 3.07 $ 2.38
Diluted $ 3.46 $ 3.05 $ 2.37