Current Expected Credit Losses (CECL) (Tables)

3 Months Ended

Mar. 31, 2026

During the three months ended March 31, 2026 and 2025, the Company recorded changes in the allowance for credit losses as follows (in millions):


	Accrued commissions and other receivables, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, January 1, 2026	$	6.2	$	18.0	$	24.2
Current-period provision for expected credit losses	0.1		(0.2)		(0.1)

Ending balance, March 31, 2026	$	6.3	$	17.8	$	24.1


	Accrued commissions and other receivables, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, January 1, 2025	$	6.2	$	21.0	$	27.2
Current-period provision for expected credit losses	—		1.1		1.1

Ending balance, March 31, 2025	$	6.2	$	22.1	$	28.3