v3.26.3
Consolidated Statement of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues before reimbursements $ 3,930.0 $ 3,325.0 $ 12,601.0 $ 10,192.0
Reimbursements 46.0 40.0 136.0 122.0
Total revenues 3,976.0 3,365.0 12,737.0 10,314.0
Compensation 2,237.0 1,932.0 7,083.0 5,633.0
Operating 645.0 581.0 1,967.0 1,590.0
Reimbursements 46.0 40.0 136.0 122.0
Interest 168.0 161.0 494.0 477.0
Depreciation 58.0 54.0 176.0 149.0
Amortization 291.0 222.0 870.0 612.0
Change in estimated acquisition earnout payables 16.0 29.0 39.0 39.0
Total expenses 3,461.0 3,019.0 10,765.0 8,622.0
Earnings before income taxes 515.0 346.0 1,972.0 1,692.0
Provision for income taxes 109.0 73.0 419.0 342.0
Net earnings 406.0 273.0 1,553.0 1,350.0
Net earnings attributable to noncontrolling interests 3.0 1.0 4.0 6.0
Net earnings attributable to controlling interests $ 403.0 $ 272.0 $ 1,549.0 $ 1,344.0
Basic net earnings per share (in dollars per share) $ 1.57 $ 1.06 $ 6.03 $ 5.25
Diluted net earnings per share (in dollars per share) 1.55 1.04 5.97 5.16
Dividends declared per common share (in dollars per share) $ 0.70 $ 0.65 $ 2.10 $ 1.95
Commissions        
Revenues before reimbursements $ 2,371.0 $ 1,908.0 $ 7,936.0 $ 5,965.0
Fees        
Revenues before reimbursements 1,224.0 1,058.0 3,619.0 3,005.0
Supplemental revenues        
Revenues before reimbursements 148.0 117.0 469.0 334.0
Contingent revenues        
Revenues before reimbursements 74.0 75.0 280.0 241.0
Interest income, premium finance revenues and other income        
Revenues before reimbursements $ 113.0 $ 167.0 $ 297.0 $ 647.0