v3.25.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Income Per Common Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

Numerator:

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income

 

$

241.5

 

 

$

198.9

 

 

$

445.3

 

 

$

345.9

 

Less: Distributed and undistributed earnings allocated to participating
   securities

 

 

(1.6

)

 

 

(1.4

)

 

 

(3.0

)

 

 

(2.5

)

Net income attributable to common shareholders

 

$

239.9

 

 

$

197.5

 

 

$

442.3

 

 

$

343.4

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

89.3

 

 

 

89.1

 

 

 

89.3

 

 

 

89.1

 

Effect of dilutive securities

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

Weighted average diluted common shares outstanding

 

 

89.7

 

 

 

89.5

 

 

 

89.7

 

 

 

89.5

 

Basic income per common share

 

$

2.68

 

 

$

2.22

 

 

$

4.95

 

 

$

3.86

 

Diluted income per common share

 

$

2.67

 

 

$

2.21

 

 

$

4.93

 

 

$

3.84