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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Commissions and fees $ 1,249 $ 1,154 $ 2,634 $ 2,390
Investment and other income 36 24 55 45
Total revenues 1,285 1,178 2,689 2,435
EXPENSES        
Employee compensation and benefits 640 585 1,323 1,216
Other operating expenses 211 173 398 334
(Gain)/loss on disposal   (31) 1 (29)
Amortization 50 44 103 86
Depreciation 11 11 23 21
Interest 51 49 96 97
Change in estimated acquisition earn-out payables 11 1 7 (2)
Total expenses 974 832 1,951 1,723
Income before income taxes 311 346 738 712
Income taxes 77 87 169 159
Net income before non-controlling interests 234 259 569 553
Less: Net income attributable to non-controlling interests 3 2 6 3
Net income attributable to the Company $ 231 $ 257 $ 563 $ 550
Net income per share:        
Basic $ 0.79 $ 0.9 $ 1.94 $ 1.93
Diluted $ 0.78 $ 0.9 $ 1.93 $ 1.92