v3.26.1
Business Acquisitions
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Business Acquisitions
4.
Business Acquisitions

There was no acquisition activity during the three months ended March 31, 2026.

Supplemental Pro-Forma Information

Supplemental information on an unaudited pro-forma basis is reflected as if the 2025 acquisitions of Generis Group, This Is Beyond and Insurtech had occurred at the beginning of 2024, after giving effect to certain pro-forma adjustments primarily related to the amortization of acquired intangible assets and related income tax effects. The unaudited pro-forma supplemental information is based on estimates and assumptions that the Company believes are reasonable and reflects amortization of intangible assets as a result of the acquisition. Pro forma net income (loss) has been tax affected based on the Company’s effective tax rate in the historical periods presented. The supplemental unaudited pro-forma financial information is presented for comparative purposes only. It is not necessarily indicative of what the Company’s financial position or results of operations actually would have been had the Company completed the acquisition at the dates indicated, nor is it intended to project the future financial position or operating results of the combined Company. Further, the supplemental pro-forma information has not been adjusted for show timing differences or discontinued events.

 

 

Three Months Ended
March 31,

 

 

 

2025

 

(in millions)

 

(Unaudited)

 

Pro-forma revenues(1)

 

 

 

Generis Group

 

$

2.8

 

Emerald revenue

 

 

147.7

 

Total pro-forma revenues

 

$

150.5

 

 

 

 

Pro-forma net (loss) income

 

 

 

Generis Group

 

$

(0.3

)

This is Beyond

 

 

(2.6

)

Insurtech

 

 

(0.7

)

Emerald net income

 

 

15.3

 

Total pro-forma net income

 

$

11.7

 

 

(1)
Pro-forma revenues from the Insurtech and This is Beyond acquisitions were not material to the three months ended March 31, 2025.