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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Commissions and fees $ 1,385 $ 1,237
Investment and other income 19 21
Total revenues 1,404 1,258
EXPENSES    
Employee compensation and benefits 683 631
Other operating expenses 186 161
Gain on disposal 2 2
Amortization 53 43
Depreciation 11 11
Interest 46 48
Change in estimated acquisition earn-out payables (4) (2)
Total expenses 977 894
Income before income taxes 427 364
Income taxes 93 71
Net income before non-controlling interests 334 293
Less: Net income attributable to non-controlling interests 3  
Net income attributable to the Company $ 331 $ 293
Net income per share:    
Basic $ 1.16 $ 1.03
Diluted $ 1.15 $ 1.02