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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 669 $ 675
Fiduciary cash 1,771 1,827
Commission, fees and other receivables 1,083 895
Fiduciary receivables 1,136 1,116
Reinsurance recoverable 447 1,527
Prepaid reinsurance premiums 480 520
Other current assets 331 364
Total current assets 5,917 6,924
Fixed assets, net 327 319
Operating lease assets 197 200
Goodwill 8,111 7,970
Amortizable intangible assets, net 1,821 1,814
Other assets 387 385
Total assets 16,760 17,612
Current Liabilities:    
Fiduciary liabilities 2,907 2,943
Losses and loss adjustment reserve 462 1,543
Unearned premiums 542 577
Accounts payable 481 373
Accrued expenses and other liabilities 463 653
Current portion of long-term debt 75 225
Total current liabilities 4,930 6,314
Long-term debt less unamortized discount and debt issuance costs 3,731 3,599
Operating lease liabilities 186 189
Deferred income taxes, net 701 711
Other liabilities 371 362
Equity:    
Common stock, par value $0.10 per share; authorized 560 shares; issued 306 shares and outstanding 287 shares at 2025, issued 306 shares and outstanding 286 shares at 2024, respectively 31 31
Additional paid-in capital 1,107 1,118
Treasury stock, at cost 20 shares at 2025 and 2024 (748) (748)
Accumulated other comprehensive income (loss) 15 (109)
Non-controlling interests 20 17
Retained earnings 6,416 6,128
Total equity 6,841 6,437
Total liabilities and equity $ 16,760 $ 17,612