Brown & Brown, Inc(NYSE:BRO) 
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Cayman Islands, Ireland, and the United Kingdom. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The company offers builders risk, group medic...
Website: http://www.bbinsurance.com
Founded: 1939
Full Time Employees: 10,083
Sector: Financial Services
Industry: Insurance Brokers
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions and fees | 1,880,000,000 | 1,580,000,000 | 1,550,000,000 | 1,249,000,000 | 1,385,000,000 | 1,160,000,000 | 1,155,000,000 | 1,154,000,000 | 1,237,000,000 | 1,006,200,000 | 1,049,300,000 | 1,035,900,000 | 1,108,000,000 | 895,000,000 | 925,200,000 | 838,700,000 | 904,300,000 | 737,912,000 | 769,654,000 | 725,919,000 | 640,052,000 | 671,396,000 | 598,157,000 | 696,503,000 | 576,979,000 | 617,363,000 | 572,932,000 | 617,463,000 | 507,638,000 | 529,813,000 | 472,068,000 | 500,338,000 | 473,371,000 | 474,609,000 | 464,724,000 | 444,566,000 | 433,138,000 | 461,652,000 | 445,662,000 | 422,335,000 | 404,063,000 | 431,863,000 | 417,244,000 | 403,781,000 | 390,148,000 | 420,615,000 | 394,690,000 | 362,007,000 | 339,364,000 | 358,196,000 | 324,150,000 | 333,793,000 | 300,296,000 | 302,310,000 | 289,942,000 | 296,533,000 | 241,350,000 | 257,177,000 | 245,983,000 | 261,452,000 | 229,088,000 | 246,102,000 | 241,053,000 | 250,674,000 | 213,288,000 | 243,016,000 | 244,595,000 | 263,964,000 | 229,854,000 | 243,766,000 | 238,835,000 | 253,528,000 | 225,421,000 | 230,476,000 | 245,559,000 | 210,763,000 | 208,558,000 | 217,427,000 | 227,915,000 | 194,046,000 | 188,444,000 | 192,738,000 | 200,315,000 | 158,352,000 | 158,852,000 | 156,749,000 | 164,314,000 | 132,146,000 | 144,252,000 | |||
investment and other income | 21,000,000 | 27,000,000 | 56,000,000 | 36,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 1,901,000,000 | 1,607,000,000 | 1,606,000,000 | 1,285,000,000 | 1,404,000,000 | 1,183,000,000 | 1,186,000,000 | 1,178,000,000 | 1,258,000,000 | 1,026,200,000 | 1,067,700,000 | 1,047,300,000 | 1,116,000,000 | 901,400,000 | 927,600,000 | 839,700,000 | 904,700,000 | 738,465,000 | 770,305,000 | 727,352,000 | 642,111,000 | 673,962,000 | 598,806,000 | 698,495,000 | 578,989,000 | 618,683,000 | 575,219,000 | 619,280,000 | 508,748,000 | 530,850,000 | 473,187,000 | 501,461,000 | 474,316,000 | 475,646,000 | 466,305,000 | 465,080,000 | 433,664,000 | 462,274,000 | 446,518,000 | 424,173,000 | 404,597,000 | 432,167,000 | 419,447,000 | 404,298,000 | 393,020,000 | 421,418,000 | 397,764,000 | 363,594,000 | 343,165,000 | 359,310,000 | 325,792,000 | 335,012,000 | 302,830,000 | 303,800,000 | 290,916,000 | 302,486,000 | 244,097,000 | 260,401,000 | 246,816,000 | 262,228,000 | 229,938,000 | 247,616,000 | 243,665,000 | 252,273,000 | 214,162,000 | 243,766,000 | 246,369,000 | 263,580,000 | 232,090,000 | 247,029,000 | 241,720,000 | 256,715,000 | 237,284,000 | 246,644,000 | 258,513,000 | 214,650,000 | 211,965,000 | 220,807,000 | 230,582,000 | 196,857,000 | 190,645,000 | 195,931,000 | 202,374,000 | 163,046,000 | 160,381,000 | 157,942,000 | 165,565,000 | 133,545,000 | 144,736,000 | |||
yoy | 35.40% | 35.84% | 35.41% | 9.08% | 11.61% | 15.28% | 11.08% | 12.48% | 12.72% | 13.85% | 15.10% | 24.72% | 23.36% | 22.06% | 20.42% | 15.45% | 40.89% | 9.57% | 28.64% | 4.13% | 10.90% | 8.93% | 4.10% | 12.79% | 13.81% | 16.55% | 21.56% | 23.50% | 7.26% | 11.61% | 1.48% | 7.82% | 9.37% | 2.89% | 4.43% | 9.64% | 7.18% | 6.97% | 6.45% | 4.92% | 2.95% | 2.55% | 5.45% | 11.19% | 14.53% | 17.29% | 22.09% | 8.53% | 13.32% | 18.27% | 11.99% | 10.75% | 24.06% | 16.67% | 17.87% | 15.35% | 6.16% | 5.16% | 1.29% | 3.95% | 7.37% | 1.58% | -1.10% | -4.29% | -7.72% | -1.32% | 1.92% | 2.67% | -2.19% | 0.16% | -6.50% | 19.60% | 11.94% | 11.70% | 12.11% | 9.04% | 11.18% | 12.70% | 13.94% | 20.74% | 18.87% | 24.05% | 22.23% | 22.09% | 10.81% | |||||||
qoq | 18.29% | 0.06% | 24.98% | -8.48% | 18.68% | -0.25% | 0.68% | -6.36% | 22.59% | -3.89% | 1.95% | -6.16% | 23.81% | -2.82% | 10.47% | -7.18% | 22.51% | -4.13% | 5.91% | 13.28% | -4.73% | 12.55% | -14.27% | 20.64% | -6.42% | 7.56% | -7.11% | 21.73% | -4.16% | 12.19% | -5.64% | 5.72% | -0.28% | 2.00% | 0.26% | 7.24% | -6.19% | 3.53% | 5.27% | 4.84% | -6.38% | 3.03% | 3.75% | 2.87% | -6.74% | 5.95% | 9.40% | 5.95% | -4.49% | 10.29% | -2.75% | 10.63% | -0.32% | 4.43% | -3.82% | 23.92% | -6.26% | 5.50% | -5.88% | 14.04% | -7.14% | 1.62% | -3.41% | 17.80% | -12.14% | -1.06% | -6.53% | 13.57% | -6.05% | 2.20% | -5.84% | 8.19% | -3.79% | -4.59% | 20.43% | 1.27% | -4.00% | -4.24% | 17.13% | 3.26% | -2.70% | -3.18% | 24.12% | 1.66% | 1.54% | -4.60% | 23.98% | -7.73% | ||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee compensation and benefits | 907,000,000 | 819,000,000 | 793,000,000 | 640,000,000 | 683,000,000 | 583,000,000 | 607,000,000 | 585,000,000 | 631,000,000 | 553,700,000 | 531,600,000 | 530,200,000 | 571,100,000 | 475,600,000 | 470,300,000 | 412,100,000 | 459,000,000 | 416,804,000 | 394,997,000 | 395,611,000 | 377,470,000 | 362,767,000 | 346,515,000 | 349,624,000 | 334,598,000 | 331,120,000 | 309,610,000 | 332,837,000 | 278,012,000 | 268,045,000 | 251,958,000 | 270,899,000 | 258,207,000 | 246,062,000 | 244,517,000 | 245,866,000 | 232,403,000 | 237,653,000 | 231,102,000 | 224,059,000 | 213,368,000 | 211,267,000 | 211,499,000 | 205,305,000 | 208,116,000 | 203,126,000 | 196,397,000 | 184,110,000 | 179,460,000 | 180,528,000 | 163,514,000 | 159,498,000 | 158,467,000 | 149,691,000 | 150,752,000 | 149,596,000 | 129,389,000 | 126,877,000 | 125,852,000 | 126,557,000 | 122,264,000 | 122,001,000 | 121,372,000 | 122,183,000 | 115,107,000 | 119,607,000 | 122,625,000 | 127,341,000 | 121,910,000 | 122,172,000 | 120,514,000 | 121,187,000 | 110,491,000 | 112,636,000 | 110,810,000 | 100,160,000 | 100,821,000 | 103,180,000 | 100,730,000 | 96,450,000 | 94,009,000 | 94,100,000 | 90,384,000 | 82,221,000 | 79,449,000 | 76,270,000 | 76,282,000 | 66,882,000 | 68,241,000 | |||
other operating expenses | 289,000,000 | 287,000,000 | 276,000,000 | 211,000,000 | 186,000,000 | 211,000,000 | 165,000,000 | 173,000,000 | 161,000,000 | 159,700,000 | 167,700,000 | 162,000,000 | 160,700,000 | 146,200,000 | 169,600,000 | 154,000,000 | 126,800,000 | 111,251,000 | 101,071,000 | 96,255,000 | 91,870,000 | 91,403,000 | 75,568,000 | 107,132,000 | 93,847,000 | 96,409,000 | 98,050,000 | 88,783,000 | 88,414,000 | 83,697,000 | 83,694,000 | 76,313,000 | 73,181,000 | 72,058,000 | 71,312,000 | 66,919,000 | 65,543,000 | 67,433,000 | 66,291,000 | 63,605,000 | 59,464,000 | 66,121,000 | 64,377,000 | 61,093,000 | 57,405,000 | 64,916,000 | 60,546,000 | 52,461,000 | 51,839,000 | 50,102,000 | 47,397,000 | 46,339,000 | 44,995,000 | 43,774,000 | 42,220,000 | 43,400,000 | 34,590,000 | 38,434,000 | 34,979,000 | 36,076,000 | 34,595,000 | 31,301,000 | 33,622,000 | 36,333,000 | 36,382,000 | 35,523,000 | 35,620,000 | 35,864,000 | 35,359,000 | 36,405,000 | 34,384,000 | 31,204,000 | 32,928,000 | 31,558,000 | 31,923,000 | 35,887,000 | 29,502,000 | 30,134,000 | 30,969,000 | 26,862,000 | 25,638,000 | 25,980,000 | 27,142,000 | 15,855,250 | 22,042,000 | 19,983,000 | 21,396,000 | 17,479,000 | 19,406,000 | |||
loss on disposal | -1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | -134,400,000 | -2,800,000 | -400,000 | -5,700,000 | -3,600,000 | -700,000 | -200,000 | -260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 116,000,000 | 116,000,000 | 93,000,000 | 50,000,000 | 53,000,000 | 47,000,000 | 45,000,000 | 44,000,000 | 43,000,000 | 42,300,000 | 41,100,000 | 41,200,000 | 41,400,000 | 38,400,000 | 43,500,000 | 33,600,000 | 31,100,000 | 31,031,000 | 29,523,000 | 29,546,000 | 28,333,000 | 27,059,000 | 26,741,000 | 26,391,000 | 26,880,000 | 26,272,000 | 25,954,000 | 26,192,000 | 23,583,000 | 21,637,000 | 20,785,000 | 20,539,000 | 21,044,000 | 21,435,000 | 21,347,000 | 21,620,000 | 21,638,000 | 21,805,000 | 21,610,000 | 21,610,000 | 22,015,000 | 22,158,000 | 21,623,000 | 21,625,000 | 22,459,000 | 21,983,000 | 20,623,000 | 17,876,000 | 17,792,000 | 17,858,000 | 16,121,000 | 16,161,000 | 16,123,000 | 15,956,000 | 15,881,000 | 15,613,000 | 13,965,000 | 13,725,000 | 13,556,000 | 13,509,000 | 13,370,000 | 12,869,000 | 12,650,000 | 12,553,000 | 12,485,000 | 12,468,000 | 12,519,000 | 12,385,000 | 11,842,000 | 12,281,000 | 11,392,000 | 11,116,000 | 10,331,000 | 9,965,000 | 9,502,000 | 9,431,000 | 9,089,000 | 8,978,000 | 9,000,000 | 8,901,000 | 8,452,000 | 8,357,000 | 7,535,000 | 6,069,000 | 5,777,000 | 5,483,000 | 4,817,000 | 4,209,000 | 4,337,000 | |||
depreciation | 17,000,000 | 18,000,000 | 14,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 9,500,000 | 10,400,000 | 10,200,000 | 9,900,000 | 10,900,000 | 11,300,000 | 8,900,000 | 8,100,000 | 7,852,000 | 9,200,000 | 8,801,000 | 7,440,000 | 6,647,000 | 6,168,000 | 6,021,000 | 5,901,000 | 5,815,000 | 5,666,000 | 6,035,000 | 6,424,000 | 5,259,000 | 5,599,000 | 5,552,000 | 5,456,000 | 5,489,000 | 5,655,000 | 6,098,000 | 5,136,000 | 5,195,000 | 5,354,000 | 5,318,000 | 5,255,000 | 5,215,000 | 5,237,000 | 5,183,000 | 5,557,000 | 5,456,000 | 5,242,000 | 4,640,000 | 4,589,000 | 4,466,000 | 4,263,000 | 4,167,000 | 3,990,000 | 3,958,000 | 3,784,000 | 3,641,000 | 3,116,000 | 3,062,000 | 3,079,000 | 3,135,000 | 3,141,000 | 3,116,000 | 3,129,000 | 3,253,000 | 3,285,000 | 3,323,000 | 3,299,000 | 3,333,000 | 3,357,000 | 3,391,000 | 3,292,000 | 3,246,000 | 3,213,000 | 3,239,000 | 3,040,000 | 3,007,000 | 2,922,000 | 2,785,000 | 2,595,000 | 2,629,000 | 2,538,000 | 2,527,000 | 2,367,000 | 2,249,000 | 2,238,000 | 2,269,000 | 2,154,000 | 2,116,000 | 1,927,000 | |||
interest | 99,000,000 | 100,000,000 | 100,000,000 | 51,000,000 | 46,000,000 | 46,000,000 | 50,000,000 | 49,000,000 | 48,000,000 | 47,900,000 | 47,500,000 | 47,900,000 | 46,700,000 | 45,400,000 | 41,500,000 | 36,000,000 | 18,300,000 | 16,179,000 | 16,175,000 | 16,285,000 | 16,639,000 | 13,234,000 | 13,809,000 | 15,291,000 | 15,855,000 | 16,314,000 | 16,293,000 | 15,198,000 | 11,894,000 | 8,963,000 | 10,052,000 | 9,671,000 | 9,367,000 | 9,393,000 | 9,874,000 | 9,682,000 | 9,864,000 | 9,883,000 | 9,837,000 | 9,897,000 | 9,844,000 | 9,882,000 | 9,671,000 | 9,851,000 | 10,034,000 | 7,298,000 | 7,004,000 | 4,072,000 | 4,324,000 | 4,135,000 | 3,997,000 | 3,984,000 | 4,004,000 | 4,006,000 | 4,000,000 | 4,087,000 | 3,352,000 | 3,565,000 | 3,608,000 | 3,607,000 | 3,624,000 | 3,607,000 | 3,632,000 | 3,608,000 | 3,711,000 | 3,622,000 | 3,632,000 | 3,634,000 | 3,645,000 | 3,867,000 | 3,744,000 | 3,434,000 | 3,395,000 | 3,416,000 | 3,634,000 | 3,277,000 | 3,229,000 | 3,329,000 | 3,522,000 | 3,578,000 | 3,638,000 | 3,711,000 | 3,542,000 | 3,457,000 | 2,245,000 | 743,000 | 711,000 | 858,000 | 1,007,000 | |||
change in estimated acquisition earn-out payables | 5,000,000 | 7,000,000 | 11,000,000 | 11,000,000 | -4,000,000 | 11,000,000 | -8,000,000 | 1,000,000 | -2,000,000 | -7,600,000 | 29,900,000 | 1,800,000 | -2,300,000 | -5,800,000 | -26,600,000 | -3,000,000 | -3,400,000 | 19,802,000 | 23,138,000 | -1,604,000 | -9,454,000 | 15,318,000 | 635,000 | -10,957,000 | 5,554,000 | -5,270,000 | -2,860,000 | 1,210,000 | 441,000 | -357,000 | 419,000 | 2,466,000 | 891,000 | -1,308,000 | 5,589,000 | 4,028,000 | 2,339,000 | 3,610,000 | 4,057,000 | -821,000 | 809,000 | 459,000 | 372,000 | 1,363,000 | 3,364,000 | 314,000 | 177,000 | 6,083,000 | 1,020,000 | -665,000 | 656,000 | 1,522,000 | 1,552,000 | 858,000 | -604,000 | -388,000 | -2,862,000 | -810,000 | 1,565,000 | -99,000 | ||||||||||||||||||||||||||||||||
mark-to-market of escrow liability | -64,000,000 | -62,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 1,368,000,000 | 1,286,000,000 | 1,295,000,000 | 974,000,000 | 977,000,000 | 908,000,000 | 869,000,000 | 832,000,000 | 894,000,000 | 671,100,000 | 825,400,000 | 792,900,000 | 821,800,000 | 707,100,000 | 709,600,000 | 640,900,000 | 639,700,000 | 597,646,000 | 573,816,000 | 541,043,000 | 511,195,000 | 515,434,000 | 469,405,000 | 493,242,000 | 476,940,000 | 466,845,000 | 451,697,000 | 470,760,000 | 408,137,000 | 388,350,000 | 372,277,000 | 383,020,000 | 367,982,000 | 351,227,000 | 358,303,000 | 354,113,000 | 338,763,000 | 345,302,000 | 337,441,000 | 321,624,000 | 309,560,000 | 319,337,000 | 318,533,000 | 310,520,000 | 354,574,000 | 308,733,000 | 295,983,000 | 276,757,000 | 266,723,000 | 263,855,000 | 239,571,000 | 235,521,000 | 233,603,000 | 222,151,000 | 219,771,000 | 219,696,000 | 184,406,000 | 187,709,000 | 185,348,000 | 185,558,000 | 177,971,000 | 174,582,000 | 175,652,000 | 179,189,000 | 173,085,000 | 176,275,000 | 179,390,000 | 184,373,000 | 177,864,000 | 179,935,000 | 175,126,000 | 172,131,000 | 161,849,000 | 162,148,000 | 160,411,000 | 152,577,000 | 146,400,000 | 149,840,000 | 149,146,000 | 139,397,000 | 134,956,000 | 135,463,000 | 131,861,000 | 116,242,000 | 112,125,000 | 105,413,000 | 106,205,000 | 91,919,000 | 95,735,000 | |||
income before income taxes | 533,000,000 | 321,000,000 | 311,000,000 | 311,000,000 | 427,000,000 | 275,000,000 | 317,000,000 | 346,000,000 | 364,000,000 | 355,100,000 | 242,300,000 | 254,400,000 | 294,200,000 | 194,300,000 | 218,000,000 | 198,800,000 | 265,000,000 | 140,819,000 | 196,489,000 | 186,309,000 | 130,916,000 | 158,528,000 | 129,401,000 | 205,253,000 | 102,049,000 | 151,838,000 | 123,522,000 | 148,520,000 | 100,611,000 | 142,500,000 | 100,910,000 | 118,441,000 | 106,334,000 | 124,419,000 | 108,002,000 | 110,967,000 | 94,901,000 | 116,972,000 | 109,077,000 | 102,549,000 | 95,037,000 | 112,830,000 | 100,914,000 | 93,778,000 | 38,446,000 | 112,685,000 | 101,781,000 | 86,837,000 | 76,442,000 | 95,455,000 | 86,221,000 | 99,491,000 | 69,227,000 | 81,649,000 | 71,145,000 | 82,790,000 | 59,691,000 | 72,692,000 | 61,468,000 | 76,670,000 | 51,967,000 | 73,034,000 | 68,013,000 | 73,084,000 | 41,077,000 | 67,491,000 | 66,979,000 | 79,207,000 | 54,226,000 | 67,094,000 | 66,594,000 | 84,584,000 | 75,435,000 | 84,496,000 | 98,102,000 | 62,073,000 | 65,565,000 | 70,967,000 | 81,436,000 | 57,460,000 | 55,689,000 | 60,468,000 | 70,513,000 | 40,036,250 | 48,256,000 | 52,529,000 | 59,360,000 | |||||
income taxes | 106,000,000 | 53,000,000 | 82,000,000 | 77,000,000 | 93,000,000 | 64,000,000 | 78,000,000 | 87,000,000 | 71,000,000 | 86,400,000 | 66,400,000 | 64,000,000 | 58,700,000 | 49,100,000 | 56,900,000 | 53,600,000 | 44,700,000 | 39,102,000 | 50,135,000 | 47,019,000 | 33,596,000 | 24,549,000 | 32,617,000 | 52,853,000 | 25,530,000 | 36,332,000 | 30,929,000 | 34,624,000 | 27,159,000 | 36,447,000 | 26,988,000 | 27,613,000 | -81,171,000 | 48,506,000 | 41,900,000 | 40,857,000 | 37,275,000 | 45,427,000 | 42,827,000 | 40,479,000 | 37,102,000 | 45,403,000 | 39,909,000 | 36,827,000 | 14,051,000 | 44,354,000 | 40,026,000 | 34,422,000 | 29,217,000 | 37,706,000 | 34,214,000 | 39,360,000 | 26,590,000 | 32,145,000 | 28,674,000 | 33,357,000 | 23,197,000 | 28,519,000 | 24,433,000 | 30,377,000 | 19,821,000 | 28,741,000 | 26,828,000 | 28,956,000 | 17,424,000 | 26,530,000 | 26,311,000 | 31,195,000 | 20,853,000 | 26,501,000 | 26,196,000 | 32,824,000 | 29,219,000 | 32,484,000 | 38,375,000 | 24,450,000 | 25,295,000 | 26,536,000 | 31,410,000 | 21,743,000 | 20,906,000 | 23,435,000 | 27,495,000 | 16,548,000 | 18,170,000 | 20,376,000 | 23,012,000 | 15,575,000 | 18,465,000 | |||
net income before non-controlling interests | 427,000,000 | 268,000,000 | 229,000,000 | 234,000,000 | 334,000,000 | 211,000,000 | 239,000,000 | 259,000,000 | 293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interests | 1,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 5,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | 426,000,000 | 264,000,000 | 227,000,000 | 231,000,000 | 331,000,000 | 210,000,000 | 234,000,000 | 257,000,000 | 293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.27 | 0.78 | 0.68 | 0.79 | 1.16 | 0.73 | 0.82 | 0.9 | 1.03 | 0.95 | 0.62 | 0.67 | 0.83 | 0.52 | 0.57 | 0.51 | 0.78 | 0.36 | 0.52 | 0.49 | 0.35 | 0.47 | 0.34 | 0.54 | 0.28 | 0.41 | 0.33 | 0.41 | 0.26 | 0.38 | 0.27 | 0.33 | 1.34 | 0.54 | 0.47 | 0.5 | 0.41 | 0.51 | 0.47 | 0.45 | 0.41 | 0.48 | 0.43 | 0.4 | 0.17 | 0.47 | 0.43 | 0.36 | 0.32 | 0.4 | 0.36 | 0.42 | 0.29 | 0.34 | 0.3 | 0.34 | 0.26 | 0.31 | 0.26 | 0.32 | 0.23 | 0.31 | 0.29 | 0.31 | 0.16 | 0.29 | 0.29 | 0.34 | 0.24 | 0.29 | 0.29 | 0.37 | 0.33 | 0.37 | 0.43 | 0.26 | 0.29 | 0.32 | 0.36 | -0.57 | 0.5 | 0.54 | 0.62 | 0.44 | 0.44 | 0.47 | 0.53 | 0.38 | 0.45 | |||
diluted | 1.06 | 0.59 | 0.68 | 0.78 | 1.15 | 0.73 | 0.81 | 0.9 | 1.02 | 0.94 | 0.62 | 0.67 | 0.83 | 0.52 | 0.57 | 0.51 | 0.77 | 0.36 | 0.52 | 0.49 | 0.34 | 0.47 | 0.34 | 0.54 | 0.26 | 0.41 | 0.33 | 0.4 | 0.26 | 0.38 | 0.26 | 0.32 | 1.32 | 0.53 | 0.46 | 0.49 | 0.41 | 0.5 | 0.47 | 0.44 | 0.41 | 0.47 | 0.43 | 0.39 | 0.17 | 0.47 | 0.42 | 0.36 | 0.32 | 0.39 | 0.36 | 0.41 | 0.29 | 0.34 | 0.29 | 0.34 | 0.25 | 0.3 | 0.26 | 0.32 | 0.22 | 0.31 | 0.29 | 0.31 | 0.17 | 0.29 | 0.29 | 0.34 | 0.23 | 0.29 | 0.29 | 0.37 | 0.33 | 0.37 | 0.42 | 0.26 | 0.29 | 0.32 | 0.36 | -0.57 | 0.5 | 0.53 | 0.62 | 0.44 | 0.43 | 0.46 | 0.53 | 0.38 | 0.44 | |||
investment income | 22,000,000 | 31,000,000 | 22,000,000 | 18,000,000 | 18,600,000 | 16,600,000 | 10,300,000 | 7,000,000 | 4,700,000 | 1,200,000 | 400,000 | 200,000 | 190,000 | 430,000 | 229,000 | 967,000 | 349,000 | 333,000 | 1,161,000 | 1,506,000 | 1,668,000 | 1,525,000 | 1,081,000 | 695,000 | 719,000 | 731,000 | 601,000 | 541,000 | 491,000 | 351,000 | 243,000 | 306,000 | 230,000 | 502,000 | 418,000 | 296,000 | 228,000 | 260,000 | 220,000 | 225,000 | 225,000 | 194,000 | 103,000 | 128,000 | 85,000 | 239,000 | 186,000 | 236,000 | 239,000 | 187,000 | 135,000 | 333,000 | 317,000 | 393,000 | 224,000 | 304,000 | 345,000 | 346,000 | 331,000 | 216,000 | 175,000 | 460,000 | 310,000 | 943,000 | 1,228,000 | 1,909,000 | 1,999,000 | 3,286,000 | 12,990,000 | 11,579,000 | 3,096,000 | 3,218,000 | 2,956,000 | 2,209,000 | 2,303,000 | 1,786,000 | 1,524,000 | 965,000 | 1,108,000 | 586,000 | 333,000 | 688,000 | 309,000 | 333,000 | ||||||||
other income | 1,000,000 | 2,000,000 | 3,000,000 | 1,400,000 | 1,800,000 | 1,100,000 | 1,000,000 | 1,700,000 | 1,200,000 | 600,000 | 200,000 | 363,000 | 221,000 | 1,204,000 | 1,092,000 | 2,217,000 | 316,000 | 831,000 | 504,000 | -348,000 | 762,000 | 736,000 | 415,000 | 318,000 | 388,000 | 522,000 | 404,000 | 546,000 | 1,230,000 | 20,271,000 | 220,000 | 392,000 | 354,000 | 1,420,000 | 238,000 | 76,000 | 1,943,000 | 297,000 | 2,647,000 | 578,000 | 2,880,000 | 1,484,000 | 3,673,000 | 1,029,000 | 1,403,000 | 1,033,000 | 2,298,000 | 1,251,000 | 787,000 | 5,818,000 | 2,414,000 | 2,907,000 | 440,000 | 552,000 | 546,000 | 1,169,000 | 2,266,000 | 1,268,000 | 658,000 | 575,000 | 1,314,000 | -694,000 | 1,293,000 | 2,035,000 | 976,000 | 1,188,000 | 8,577,000 | 3,178,000 | 1,375,000 | 791,000 | 189,000 | 424,000 | 458,000 | 508,000 | 415,000 | 1,669,000 | 1,094,000 | 3,586,000 | 943,000 | 860,000 | 563,000 | 1,090,000 | 151,000 | |||||||||
gain on disposal | -1,000,000 | -1,000,000 | -31,000,000 | -100,000 | -782,750 | -277,000 | -810,000 | -2,044,000 | -314,750 | -654,000 | -348,000 | -257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 268,700,000 | 175,900,000 | 190,400,000 | 235,500,000 | 145,200,000 | 161,100,000 | 145,200,000 | 220,300,000 | 101,717,000 | 146,354,000 | 139,290,000 | 97,320,000 | 133,979,000 | 96,784,000 | 152,400,000 | 76,519,000 | 115,506,000 | 92,593,000 | 113,896,000 | 73,452,000 | 106,053,000 | 73,922,000 | 90,828,000 | 187,505,000 | 75,913,000 | 66,102,000 | 70,110,000 | 57,626,000 | 71,545,000 | 66,250,000 | 62,070,000 | 57,935,000 | 67,427,000 | 61,005,000 | 56,951,000 | 24,395,000 | 68,331,000 | 61,755,000 | 52,415,000 | 47,225,000 | 57,749,000 | 52,007,000 | 60,131,000 | 42,637,000 | 49,504,000 | 42,471,000 | 49,433,000 | 36,494,000 | 44,173,000 | 37,035,000 | 46,293,000 | 32,146,000 | 44,293,000 | 41,185,000 | 44,128,000 | 23,653,000 | 40,961,000 | 40,668,000 | 48,012,000 | 33,373,000 | 40,593,000 | 40,398,000 | 51,760,000 | 46,216,000 | 52,012,000 | 59,727,000 | 37,623,000 | 40,270,000 | 44,431,000 | 50,026,000 | 35,717,000 | 34,783,000 | 37,033,000 | 43,018,000 | 30,256,000 | 30,086,000 | 32,153,000 | 36,348,000 | 26,051,000 | 30,536,000 | ||||||||||||
yoy | 85.06% | 9.19% | 31.13% | 6.90% | 42.75% | 10.08% | 4.24% | 126.37% | -24.08% | 51.22% | -8.60% | 27.18% | 15.99% | 4.53% | 33.81% | 4.18% | 8.91% | 25.26% | 25.40% | -60.83% | 39.70% | 11.83% | 29.55% | 225.38% | 6.11% | -0.22% | 12.95% | -0.53% | 6.11% | 8.60% | 8.99% | 137.49% | -1.32% | -1.21% | 8.65% | -48.34% | 18.32% | 18.74% | -12.83% | 10.76% | 16.66% | 22.45% | 21.64% | 16.83% | 12.07% | 14.68% | 6.78% | 13.53% | -0.27% | -10.08% | 4.91% | 35.91% | 8.13% | 1.27% | -8.09% | -29.13% | 0.91% | 0.67% | -7.24% | -27.79% | -21.95% | -32.36% | 37.58% | 14.77% | 17.06% | 19.39% | 5.34% | 15.77% | 19.98% | 16.29% | 18.05% | 15.61% | 15.18% | 18.35% | 16.14% | -1.47% | ||||||||||||||||
qoq | 52.76% | -7.62% | -19.15% | 62.19% | -9.87% | 10.95% | -34.09% | 116.58% | -30.50% | 5.07% | 43.13% | -27.36% | 38.43% | -36.49% | 99.17% | -33.75% | 24.75% | -18.70% | 55.06% | -30.74% | 43.47% | -18.61% | -51.56% | 147.00% | 14.84% | -5.72% | 21.66% | -19.45% | 7.99% | 6.73% | 7.14% | -14.08% | 10.53% | 7.12% | 133.45% | -64.30% | 10.65% | 17.82% | 10.99% | -18.22% | 11.04% | -13.51% | 41.03% | -13.87% | 16.56% | -14.08% | 35.46% | -17.38% | 19.27% | -20.00% | 44.01% | -27.42% | 7.55% | -6.67% | 86.56% | -42.25% | 0.72% | -15.30% | 43.86% | -17.79% | 0.48% | -21.95% | 12.00% | -11.14% | -12.92% | 58.75% | -6.57% | -9.37% | -11.18% | 40.06% | 2.69% | -6.08% | -13.91% | 42.18% | 0.57% | -6.43% | -11.54% | 39.53% | -14.69% | |||||||||||||
net income margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26.18% | 16.47% | 18.18% | 21.10% | 16.11% | 17.37% | 17.29% | 24.35% | 13.77% | 19.00% | 19.15% | 15.16% | 19.88% | 16.16% | 21.82% | 13.22% | 18.67% | 16.10% | 18.39% | 14.44% | 19.98% | 15.62% | 18.11% | 39.53% | 15.96% | 14.18% | 15.07% | 13.29% | 15.48% | 14.84% | 14.63% | 14.32% | 15.60% | 14.54% | 14.09% | 6.21% | 16.21% | 15.53% | 14.42% | 13.76% | 16.07% | 15.96% | 17.95% | 14.08% | 16.29% | 14.60% | 16.34% | 14.95% | 16.96% | 15.01% | 17.65% | 13.98% | 17.89% | 16.90% | 17.49% | 11.04% | 16.80% | 16.51% | 18.22% | 14.38% | 16.43% | 16.71% | 20.16% | 19.48% | 21.09% | 23.10% | 17.53% | 19.00% | 20.12% | 21.70% | 18.14% | 18.24% | 18.90% | 21.26% | 18.56% | 18.76% | 20.36% | 21.95% | 19.51% | 21.10% | NaN% | NaN% | NaN% |
dividends declared per share | 0.135 | 0.115 | 0.115 | 0.115 | 0.111 | 0.103 | 0.103 | 0.103 | 0.102 | 0.093 | 0.093 | 0.095 | 0.085 | 0.085 | 0.085 | 0.09 | 0.08 | 0.08 | 0.08 | 0.085 | 0.075 | 0.075 | 0.08 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.1 | 0.1 | 0.1 | 0.1 | 0.09 | 0.09 | 0.09 | 0.09 | 0.085 | 0.085 | 0.085 | 0.085 | 0.08 | 0.08 | 0.08 | 0.08 | 0.078 | 0.078 | 0.078 | 0.077 | 0.075 | 0.075 | 0.075 | 0.075 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | -0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.058 | |||||||||||||
(gain)/loss on disposal | -1,083,000 | -288,000 | -3,851,000 | -1,103,000 | -994,000 | -31,000 | -5,695,000 | -3,815,000 | -1,016,000 | 505,000 | -631,000 | 1,106,000 | -230,000 | -2,420,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on disposal | -498,250 | -1,902,000 | 9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock-based compensation | -1,835,000 | 4,889,000 | 6,102,000 | 6,357,000 | 214,000 | 5,640,000 | 5,994,000 | 7,515,000 | 7,699,000 | 7,431,000 | 3,623,000 | 3,850,000 | 4,472,000 | 3,908,000 | 3,738,000 | 3,747,000 | 2,856,000 | 2,856,000 | 2,709,000 | 2,773,000 | 1,615,000 | 1,495,000 | 1,780,000 | 1,955,000 | 2,115,000 | 1,732,000 | 1,695,000 | 1,816,000 | 1,751,000 | 1,819,000 | 1,800,000 | 1,944,000 | 1,491,000 | 1,334,000 | 1,502,000 | 815,000 | 837,000 | 1,434,000 | 2,330,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 140,944 | 141,033 | 141,139 | 140,836 | 140,796 | 139,364 | 139,465 | 139,086 | 139,001 | 138,582 | 138,690 | 138,379 | 138,351 | 137,924 | 138,093 | 137,685 | 137,623 | 137,173 | 137,279 | 141,558 | 140,992 | 141,073 | 140,723 | 140,704 | 140,593 | 140,384 | 140,221 | 139,634 | 139,668 | 139,511 | 139,383 | 138,563 | 69,242 | 69,156 | 69,162 | 68,909 | 69,009 | 68,790 | 68,681 | 68,532 | 68,173 | |||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 142,891 | 142,624 | 142,789 | 143,021 | 142,947 | 142,010 | 142,097 | 141,828 | 141,500 | 140,264 | 140,443 | 139,942 | 140,648 | 139,318 | 139,507 | 139,105 | 137,791 | 137,507 | 137,671 | 141,843 | 141,558 | 141,606 | 141,265 | 141,327 | 141,288 | 141,120 | 141,194 | 141,020 | 141,027 | 141,006 | 140,823 | 139,776 | 69,819 | 69,738 | 69,711 | 69,444 | 69,588 | 69,370 | 69,207 | 68,995 | 68,931 | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in estimated acquisition earn-out payable | -259,000 | 193,000 | -533,000 | -696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number of shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 141,523 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 141,888 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 140,944 | 141,033 | 141,139 | 140,836 | 140,796 | 139,364 | 139,465 | 139,086 | 139,001 | 138,582 | 138,690 | 138,379 | 138,351 | 137,924 | 138,093 | 137,685 | 137,623 | 137,173 | 137,279 | 141,558 | 140,992 | 141,073 | 140,723 | 140,704 | 140,593 | 140,384 | 140,221 | 139,634 | 139,668 | 139,511 | 139,383 | 138,563 | 69,242 | 69,156 | 69,162 | 68,909 | 69,009 | 68,790 | 68,681 | 68,532 | 68,173 | |||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 142,891 | 142,624 | 142,789 | 143,021 | 142,947 | 142,010 | 142,097 | 141,828 | 141,500 | 140,264 | 140,443 | 139,942 | 140,648 | 139,318 | 139,507 | 139,105 | 137,791 | 137,507 | 137,671 | 141,843 | 141,558 | 141,606 | 141,265 | 141,327 | 141,288 | 141,120 | 141,194 | 141,020 | 141,027 | 141,006 | 140,823 | 139,776 | 69,819 | 69,738 | 69,711 | 69,444 | 69,588 | 69,370 | 69,207 | 68,995 | 68,931 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation | 977,000 | 681,000 | 788,000 | 891,000 | 740,000 | 374,000 | 665,000 | 845,000 | 375,000 | 817,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interest | 41,626,000 | 49,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest, net of income tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee compensation and benefits (excludes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
===== | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.27 | 0.78 | 0.68 | 0.79 | 1.16 | 0.73 | 0.82 | 0.9 | 1.03 | 0.95 | 0.62 | 0.67 | 0.83 | 0.52 | 0.57 | 0.51 | 0.78 | 0.36 | 0.52 | 0.49 | 0.35 | 0.47 | 0.34 | 0.54 | 0.28 | 0.41 | 0.33 | 0.41 | 0.26 | 0.38 | 0.27 | 0.33 | 1.34 | 0.54 | 0.47 | 0.5 | 0.41 | 0.51 | 0.47 | 0.45 | 0.41 | 0.48 | 0.43 | 0.4 | 0.17 | 0.47 | 0.43 | 0.36 | 0.32 | 0.4 | 0.36 | 0.42 | 0.29 | 0.34 | 0.3 | 0.34 | 0.26 | 0.31 | 0.26 | 0.32 | 0.23 | 0.31 | 0.29 | 0.31 | 0.16 | 0.29 | 0.29 | 0.34 | 0.24 | 0.29 | 0.29 | 0.37 | 0.33 | 0.37 | 0.43 | 0.26 | 0.29 | 0.32 | 0.36 | -0.57 | 0.5 | 0.54 | 0.62 | 0.44 | 0.44 | 0.47 | 0.53 | 0.38 | 0.45 | |||
=== | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 140,944 | 141,033 | 141,139 | 140,836 | 140,796 | 139,364 | 139,465 | 139,086 | 139,001 | 138,582 | 138,690 | 138,379 | 138,351 | 137,924 | 138,093 | 137,685 | 137,623 | 137,173 | 137,279 | 141,558 | 140,992 | 141,073 | 140,723 | 140,704 | 140,593 | 140,384 | 140,221 | 139,634 | 139,668 | 139,511 | 139,383 | 138,563 | 69,242 | 69,156 | 69,162 | 68,909 | 69,009 | 68,790 | 68,681 | 68,532 | 68,173 | |||||||||||||||||||||||||||||||||||||||||||||||||||
==== | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions and fees..................................................................................... | 110,826,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income ............................................................................................ | 355,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income .......................................................................................... | -146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues............................................................................................... | 111,035,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee compensation and benefits........................................................... | 55,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses................................................................................ | 14,927,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization...................................................................................................... | 3,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation...................................................................................................... | 1,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest............................................................................................................... | 1,236,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation............................................................. | 777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses............................................................................................... | 77,324,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interest...................................... | 33,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes...................................................................................................... | 12,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest, net of tax............................................................................. | 570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income..................................................................................................... | 20,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic................................................................................................................. | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted.............................................................................................................. | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,003,000,000 | 1,079,000,000 | 1,190,000,000 | 8,893,000,000 | 669,000,000 | 675,000,000 | 957,000,000 | 1,107,000,000 | 581,000,000 | 700,300,000 | 755,700,000 | 627,900,000 | 563,500,000 | 650,000,000 | 579,500,000 | 2,383,500,000 | 1,694,500,000 | 887,009,000 | 943,969,000 | 850,230,000 | 678,744,000 | 817,398,000 | 1,070,190,000 | 623,240,000 | 385,788,000 | 542,174,000 | 497,510,000 | 432,548,000 | 322,477,000 | 438,961,000 | 422,971,000 | 477,928,000 | 558,248,000 | 573,383,000 | 546,520,000 | 600,296,000 | 546,721,000 | 515,646,000 | 488,683,000 | 453,939,000 | 401,846,000 | 443,420,000 | 448,818,000 | 412,607,000 | 340,731,000 | 470,048,000 | 382,092,000 | 309,107,000 | 250,017,000 | 202,952,000 | 170,965,000 | 385,525,000 | 340,206,000 | 219,821,000 | 244,637,000 | 193,712,000 | 155,714,000 | 286,305,000 | 334,497,000 | 278,866,000 | 265,682,000 | 272,984,000 | 257,151,000 | 293,011,000 | 228,805,000 | 197,113,000 | 186,247,000 | 189,994,000 | 126,439,000 | 78,557,000 | 16,990,000 | 74,025,000 | 67,942,000 | 101,333,000 | 62,655,000 | 33,148,000 | 73,683,000 | 76,730,000 | 42,940,000 | 188,106,000 | 180,215,000 | 36,384,000 | 18,447,000 | 68,743,000 | 49,835,000 | 91,247,000 | 144,982,000 | 153,899,000 | |||||
fiduciary cash | 2,387,000,000 | 2,471,000,000 | 2,271,000,000 | 2,026,000,000 | 1,771,000,000 | 1,827,000,000 | 1,744,000,000 | 1,867,000,000 | 1,569,000,000 | 1,602,600,000 | 1,515,200,000 | 1,635,500,000 | 1,380,000,000 | 1,383,200,000 | 1,271,300,000 | 904,000,000 | 731,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commission, fees and other receivables | 1,576,000,000 | 1,438,000,000 | 1,457,000,000 | 1,055,000,000 | 1,083,000,000 | 895,000,000 | 917,000,000 | 930,000,000 | 932,000,000 | 789,700,000 | 732,600,000 | 751,300,000 | 776,000,000 | 642,900,000 | 625,300,000 | 600,800,000 | 613,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fiduciary receivables | 1,574,000,000 | 1,515,000,000 | 1,348,000,000 | 1,212,000,000 | 1,136,000,000 | 1,116,000,000 | 961,000,000 | 1,275,000,000 | 1,133,000,000 | 1,124,600,000 | 862,500,000 | 1,005,000,000 | 914,200,000 | 881,400,000 | 723,400,000 | 784,600,000 | 706,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable | 590,000,000 | 647,000,000 | 603,000,000 | 385,000,000 | 447,000,000 | 1,527,000,000 | 2,036,000,000 | 100,000,000 | 65,000,000 | 125,200,000 | 220,100,000 | 187,200,000 | 142,700,000 | 831,000,000 | 1,021,600,000 | 34,700,000 | 38,400,000 | 63,106,000 | 220,430,000 | 42,414,000 | 26,290,000 | 43,469,000 | 107,464,000 | 45,210,000 | 33,556,000 | 58,505,000 | 309,787,000 | 77,335,000 | 51,356,000 | 65,396,000 | 98,516,000 | 89,116,000 | 148,049,000 | 477,820,000 | 2,160,286,000 | 22,479,000 | 39,239,000 | 78,083,000 | 332,004,000 | 60,812,000 | 58,129,000 | 31,968,000 | 37,205,000 | 79,202,000 | 13,092,000 | 13,028,000 | 23,186,000 | 28,109,000 | |||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums | 869,000,000 | 980,000,000 | 790,000,000 | 529,000,000 | 480,000,000 | 520,000,000 | 539,000,000 | 483,000,000 | 428,000,000 | 461,500,000 | 502,700,000 | 450,600,000 | 379,600,000 | 393,200,000 | 409,900,000 | 385,400,000 | 362,400,000 | 392,222,000 | 411,252,000 | 368,711,000 | 345,031,000 | 377,615,000 | 397,615,000 | 356,820,000 | 333,806,000 | 366,021,000 | 383,565,000 | 343,594,000 | 314,363,000 | 337,920,000 | 344,955,000 | 310,707,000 | 292,172,000 | 321,017,000 | 332,246,000 | 297,736,000 | 280,140,000 | 308,661,000 | 333,967,000 | 298,907,000 | 279,784,000 | 309,643,000 | 329,777,000 | 302,578,000 | 291,037,000 | 320,586,000 | 345,936,000 | 309,020,000 | |||||||||||||||||||||||||||||||||||||||||||||
other current assets | 456,000,000 | 484,000,000 | 484,000,000 | 343,000,000 | 331,000,000 | 354,000,000 | 314,000,000 | 318,000,000 | 287,000,000 | 315,000,000 | 243,200,000 | 227,300,000 | 190,800,000 | 202,300,000 | 208,600,000 | 222,500,000 | 144,800,000 | 175,621,000 | 120,621,000 | 157,134,000 | 115,989,000 | 147,670,000 | 118,030,000 | 141,736,000 | 124,582,000 | 152,142,000 | 133,443,000 | 131,386,000 | 146,492,000 | 128,716,000 | 95,799,000 | 106,724,000 | 92,898,000 | 47,864,000 | 45,545,000 | 51,953,000 | 44,584,000 | 50,571,000 | 42,041,000 | 52,107,000 | 67,778,000 | 50,351,000 | 58,290,000 | 64,849,000 | 47,761,000 | 45,542,000 | 35,698,000 | 50,920,000 | 33,648,000 | 39,260,000 | 26,802,000 | 38,767,000 | 27,488,000 | 39,811,000 | 32,794,000 | 45,018,000 | 35,341,000 | 23,540,000 | 23,664,000 | 34,524,000 | 25,242,000 | 14,031,000 | 19,284,000 | 28,670,000 | 30,717,000 | 31,863,000 | 36,487,000 | 24,302,000 | 26,821,000 | 33,528,000 | 35,846,000 | 42,880,000 | 55,022,000 | 35,217,000 | 26,808,000 | 25,259,000 | 36,610,000 | 21,767,000 | 29,141,000 | 27,473,000 | 24,280,000 | 28,819,000 | 22,903,000 | 17,833,000 | 17,834,000 | 14,619,000 | 16,040,000 | 16,527,000 | 14,657,000 | 13,895,000 | |||
total current assets | 8,455,000,000 | 8,614,000,000 | 8,143,000,000 | 14,443,000,000 | 5,917,000,000 | 6,924,000,000 | 7,479,000,000 | 6,089,000,000 | 5,005,000,000 | 5,129,900,000 | 4,845,200,000 | 4,894,900,000 | 4,356,100,000 | 4,996,000,000 | 4,850,800,000 | 5,330,400,000 | 4,308,900,000 | 3,330,284,000 | 3,398,277,000 | 3,191,842,000 | 2,793,031,000 | 2,958,249,000 | 3,163,688,000 | 2,704,977,000 | 2,283,837,000 | 2,494,802,000 | 2,606,937,000 | 2,291,548,000 | 1,994,748,000 | 2,167,311,000 | 2,013,178,000 | 2,041,208,000 | 2,074,602,000 | 2,242,156,000 | 3,916,383,000 | 1,778,932,000 | 1,696,965,000 | 1,760,737,000 | 1,974,674,000 | 1,647,267,000 | 1,496,621,000 | 1,537,389,000 | 1,543,849,000 | 1,547,444,000 | 1,433,358,000 | 1,570,108,000 | 1,485,895,000 | 1,459,235,000 | 964,355,000 | 928,036,000 | 843,748,000 | 972,572,000 | 881,613,000 | 759,512,000 | 785,508,000 | 751,038,000 | 697,791,000 | 708,127,000 | 732,694,000 | 697,061,000 | 654,963,000 | 652,809,000 | 669,721,000 | 709,261,000 | 626,124,000 | 613,699,000 | 628,321,000 | 617,520,000 | 532,409,000 | 523,032,000 | 540,228,000 | 529,301,000 | 547,506,000 | 611,015,000 | 611,707,000 | 623,853,000 | 648,260,000 | 610,403,000 | 607,033,000 | 577,221,000 | 523,764,000 | 539,966,000 | 520,470,000 | 334,466,000 | 303,651,000 | 355,727,000 | 317,338,000 | 332,260,000 | 373,148,000 | ||||
fixed assets | 370,000,000 | 367,000,000 | 366,000,000 | 334,000,000 | 327,000,000 | 319,000,000 | 309,000,000 | 290,000,000 | 272,000,000 | 270,300,000 | 250,200,000 | 244,700,000 | 241,600,000 | 239,900,000 | 239,200,000 | 214,600,000 | 214,500,000 | 212,033,000 | 208,343,000 | 209,279,000 | 205,766,000 | 201,115,000 | 187,611,000 | 174,376,000 | 159,361,000 | 148,627,000 | 128,889,000 | 122,511,000 | 117,364,000 | 100,395,000 | 89,772,000 | 85,213,000 | 81,131,000 | 77,086,000 | 71,296,000 | 72,747,000 | 72,607,000 | 75,807,000 | 77,771,000 | 80,488,000 | 80,899,000 | 81,753,000 | 81,338,000 | 82,805,000 | 83,220,000 | 84,668,000 | 88,176,000 | 86,370,000 | 74,576,000 | 74,733,000 | 74,482,000 | 72,929,000 | 73,067,000 | 74,337,000 | 73,191,000 | 70,986,000 | 68,298,000 | 61,360,000 | 59,807,000 | 60,039,000 | 59,574,000 | 59,713,000 | 59,721,000 | 60,074,000 | 60,325,000 | 61,467,000 | 62,324,000 | 63,189,000 | 63,354,000 | 63,520,000 | 63,673,000 | 64,223,000 | 62,199,000 | 58,322,000 | 58,493,000 | 58,059,000 | 41,726,000 | 38,526,000 | 38,489,000 | 33,438,000 | 33,402,000 | 32,990,000 | 33,435,000 | 25,209,000 | 25,384,000 | 24,730,000 | 25,154,000 | 25,333,000 | |||||
operating lease assets | 263,000,000 | 269,000,000 | 269,000,000 | 198,000,000 | 197,000,000 | 200,000,000 | 192,000,000 | 192,000,000 | 197,000,000 | 198,800,000 | 198,000,000 | 204,900,000 | 210,000,000 | 214,900,000 | 214,500,000 | 203,300,000 | 204,200,000 | 197,035,000 | 187,828,000 | 179,502,000 | 180,946,000 | 186,998,000 | 186,304,000 | 190,322,000 | 193,591,000 | 184,288,000 | 193,419,000 | 184,027,000 | 174,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 15,076,000,000 | 15,087,000,000 | 14,891,000,000 | 8,365,000,000 | 8,111,000,000 | 7,970,000,000 | 7,577,000,000 | 7,431,000,000 | 7,386,000,000 | 7,340,800,000 | 6,845,600,000 | 6,865,100,000 | 6,730,200,000 | 6,674,200,000 | 6,522,300,000 | 5,149,000,000 | 5,140,900,000 | 4,736,828,000 | 4,565,156,000 | 4,513,970,000 | 4,473,042,000 | 4,395,918,000 | 4,123,943,000 | 4,023,298,000 | 3,881,576,000 | 3,746,094,000 | 3,702,265,000 | 3,551,661,000 | 3,513,218,000 | 3,432,786,000 | 2,929,634,000 | 2,845,854,000 | 2,747,446,000 | 2,716,079,000 | 2,701,488,000 | 2,692,104,000 | 2,675,831,000 | 2,675,402,000 | 2,672,365,000 | 2,665,347,000 | 2,615,635,000 | 2,586,683,000 | 2,559,005,000 | 2,559,882,000 | 2,487,791,000 | 2,460,611,000 | 2,512,508,000 | 2,509,280,000 | 2,006,491,000 | 2,006,173,000 | 1,990,940,000 | 1,722,828,000 | 1,709,279,000 | 1,711,514,000 | 1,686,460,000 | 1,674,903,000 | 1,649,420,000 | 1,323,469,000 | 1,268,957,000 | 1,261,627,000 | 1,225,357,000 | 1,194,827,000 | 1,167,199,000 | 1,103,998,000 | 1,091,791,000 | 1,074,397,000 | 1,063,357,000 | 1,050,720,000 | 1,044,417,000 | 1,023,372,000 | 995,720,000 | 978,796,000 | 896,544,000 | 803,330,000 | 779,597,000 | 725,952,000 | 677,799,000 | 646,027,000 | 623,124,000 | 528,296,000 | 523,610,000 | 360,843,000 | 320,617,000 | 300,732,000 | 287,411,000 | 225,663,000 | 201,705,000 | 176,269,000 | 136,948,000 | 131,562,000 | |||
amortizable intangible assets | 4,782,000,000 | 4,906,000,000 | 4,952,000,000 | 1,866,000,000 | 1,821,000,000 | 1,814,000,000 | 1,582,000,000 | 1,565,000,000 | 1,592,000,000 | 1,620,800,000 | 1,531,700,000 | 1,562,500,000 | 1,581,600,000 | 1,595,200,000 | 1,588,000,000 | 1,145,700,000 | 1,171,000,000 | 1,081,465,000 | 1,045,280,000 | 1,044,999,000 | 1,060,364,000 | 1,049,660,000 | 977,202,000 | 965,364,000 | 932,874,000 | 916,768,000 | 923,418,000 | 899,583,000 | 907,638,000 | 898,807,000 | 680,226,000 | 640,554,000 | 630,283,000 | 641,005,000 | 656,054,000 | 671,874,000 | 685,519,000 | 707,454,000 | 726,140,000 | 745,352,000 | 739,555,000 | 744,680,000 | 758,096,000 | 772,080,000 | 774,913,000 | 784,642,000 | 805,699,000 | 828,961,000 | 601,574,000 | 618,888,000 | 625,298,000 | 538,767,000 | 550,689,000 | 566,538,000 | 567,489,000 | 577,203,000 | 581,267,000 | 496,182,000 | 481,930,000 | 488,367,000 | 485,530,000 | 481,900,000 | 478,985,000 | 457,939,000 | 465,290,000 | 468,862,000 | 477,541,000 | 488,021,000 | 493,444,000 | 495,627,000 | 493,737,000 | 484,311,000 | 459,098,000 | 421,209,000 | 409,885,000 | 398,809,000 | 407,849,000 | 390,252,000 | 387,151,000 | 362,381,000 | 363,543,000 | 293,009,000 | 331,937,000 | 308,361,000 | 280,249,000 | ||||||||
other assets | 754,000,000 | 748,000,000 | 733,000,000 | 430,000,000 | 387,000,000 | 366,000,000 | 365,000,000 | 355,000,000 | 333,000,000 | 301,800,000 | 288,000,000 | 271,900,000 | 255,000,000 | 230,900,000 | 219,500,000 | 213,200,000 | 208,400,000 | 206,828,000 | 192,933,000 | 185,681,000 | 165,910,000 | 149,581,000 | 131,893,000 | 121,129,000 | 107,766,000 | 104,864,000 | 97,599,000 | 90,541,000 | 81,213,000 | 71,975,000 | 72,844,000 | 68,636,000 | 64,063,000 | 57,275,000 | 54,971,000 | 52,476,000 | 49,369,000 | 44,895,000 | 44,770,000 | 45,431,000 | 39,735,000 | 44,142,000 | 36,961,000 | 37,380,000 | 40,874,000 | 36,567,000 | 33,481,000 | 27,432,000 | 27,293,000 | 21,678,000 | 20,320,000 | 19,224,000 | 15,712,000 | 16,157,000 | 22,081,000 | 23,161,000 | 20,671,000 | 17,873,000 | 17,915,000 | 17,778,000 | 18,572,000 | 11,565,000 | 12,185,000 | 5,540,000 | 5,907,000 | 5,801,000 | 6,579,000 | 10,762,000 | 13,692,000 | 14,029,000 | 13,943,000 | 16,202,000 | 20,802,000 | 20,831,000 | 24,361,000 | 20,090,000 | 12,882,000 | 15,163,000 | 14,249,000 | 10,021,000 | 10,090,000 | 12,933,000 | 9,718,000 | 7,197,000 | 6,925,000 | 6,780,000 | 6,517,000 | 6,733,000 | 6,608,000 | 7,006,000 | |||
total assets | 29,700,000,000 | 29,991,000,000 | 29,354,000,000 | 25,636,000,000 | 16,760,000,000 | 17,612,000,000 | 17,525,000,000 | 15,944,000,000 | 14,806,000,000 | 14,883,400,000 | 13,983,000,000 | 14,071,500,000 | 13,399,900,000 | 13,973,500,000 | 13,658,300,000 | 12,279,900,000 | 11,272,900,000 | 9,795,443,000 | 9,629,166,000 | 9,357,895,000 | 8,910,793,000 | 8,966,492,000 | 8,795,379,000 | 8,201,058,000 | 7,582,345,000 | 7,622,821,000 | 7,680,664,000 | 7,164,767,000 | 6,806,289,000 | 6,688,668,000 | 5,802,806,000 | 5,701,557,000 | 5,615,083,000 | 5,747,550,000 | 7,414,277,000 | 5,279,009,000 | 5,197,444,000 | 5,287,343,000 | 5,522,027,000 | 5,206,877,000 | 4,992,960,000 | 5,012,739,000 | 5,002,192,000 | 5,020,837,000 | 4,838,942,000 | 4,956,458,000 | 4,945,748,000 | 4,930,472,000 | 3,674,289,000 | 3,649,508,000 | 3,554,788,000 | 3,326,320,000 | 3,230,360,000 | 3,128,058,000 | 3,134,729,000 | 3,097,291,000 | 3,017,447,000 | 2,607,011,000 | 2,561,303,000 | 2,524,872,000 | 2,443,996,000 | 2,400,814,000 | 2,387,811,000 | 2,336,812,000 | 2,249,437,000 | 2,224,226,000 | 2,238,122,000 | 2,230,212,000 | 2,147,316,000 | 2,119,580,000 | 2,107,301,000 | 2,072,833,000 | 1,986,149,000 | 1,915,359,000 | 1,884,692,000 | 1,827,407,000 | 1,803,168,000 | 1,715,231,000 | 1,682,402,000 | 1,525,739,000 | 1,467,436,000 | 1,249,517,000 | 1,225,791,000 | 994,099,000 | 920,620,000 | 854,026,000 | 794,035,000 | 754,349,000 | 712,697,000 | 718,127,000 | |||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fiduciary liabilities | 3,961,000,000 | 3,986,000,000 | 3,619,000,000 | 3,238,000,000 | 2,907,000,000 | 2,943,000,000 | 2,705,000,000 | 3,142,000,000 | 2,702,000,000 | 2,727,200,000 | 2,377,700,000 | 2,640,500,000 | 2,294,300,000 | 2,264,600,000 | 1,994,700,000 | 1,688,600,000 | 1,437,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment reserve | 611,000,000 | 671,000,000 | 620,000,000 | 400,000,000 | 462,000,000 | 1,543,000,000 | 2,044,000,000 | 108,000,000 | 72,000,000 | 131,500,000 | 231,700,000 | 198,800,000 | 154,100,000 | 841,100,000 | 1,033,500,000 | 34,700,000 | 38,400,000 | 63,106,000 | 220,430,000 | 42,414,000 | 26,290,000 | 43,469,000 | 107,464,000 | 45,210,000 | 33,553,000 | 58,505,000 | 309,787,000 | 77,335,000 | 51,356,000 | 65,212,000 | 98,475,000 | 88,149,000 | 146,847,000 | 476,721,000 | 2,160,286,000 | 22,479,000 | 39,239,000 | 78,083,000 | 332,004,000 | 60,812,000 | 58,129,000 | 31,968,000 | 37,205,000 | 79,202,000 | 13,092,000 | 13,028,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unearned premiums | 938,000,000 | 1,053,000,000 | 887,000,000 | 632,000,000 | 542,000,000 | 577,000,000 | 625,000,000 | 603,000,000 | 488,000,000 | 462,400,000 | 530,900,000 | 487,500,000 | 399,700,000 | 412,300,000 | 430,700,000 | 408,400,000 | 362,500,000 | 392,222,000 | 411,252,000 | 368,711,000 | 345,031,000 | 377,615,000 | 397,615,000 | 356,820,000 | 333,806,000 | 366,021,000 | 383,565,000 | 343,594,000 | 314,363,000 | 337,920,000 | 344,955,000 | 310,707,000 | 292,172,000 | 321,017,000 | 332,246,000 | 297,736,000 | 280,140,000 | 308,661,000 | 333,967,000 | 298,907,000 | 279,784,000 | 309,643,000 | 329,777,000 | 302,578,000 | 291,037,000 | 320,586,000 | 345,936,000 | 309,020,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 873,000,000 | 990,000,000 | 849,000,000 | 382,000,000 | 481,000,000 | 373,000,000 | 329,000,000 | 313,000,000 | 322,000,000 | 458,900,000 | 380,200,000 | 329,100,000 | 342,700,000 | 286,500,000 | 276,300,000 | 279,300,000 | 230,800,000 | 206,370,000 | 226,143,000 | 222,186,000 | 245,822,000 | 190,497,000 | 147,208,000 | 195,793,000 | 151,674,000 | 99,960,000 | 103,920,000 | 98,869,000 | 136,467,000 | 87,345,000 | 84,228,000 | 98,265,000 | 125,034,000 | 64,177,000 | 63,623,000 | 103,211,000 | 104,819,000 | 69,595,000 | 53,911,000 | 91,594,000 | 77,912,000 | 63,910,000 | 56,877,000 | 58,942,000 | 82,912,000 | 57,261,000 | 47,647,000 | 55,856,000 | 62,416,000 | 34,158,000 | 42,460,000 | 46,884,000 | 63,303,000 | 48,524,000 | 57,046,000 | 55,802,000 | 46,479,000 | 22,384,000 | 24,062,000 | 31,805,000 | 31,627,000 | 33,693,000 | 21,303,000 | 24,704,000 | 29,353,000 | 17,431,000 | 14,987,000 | 33,378,000 | 31,802,000 | 18,872,000 | 16,814,000 | 24,121,000 | 35,665,000 | 21,127,000 | 29,785,000 | 49,172,000 | 19,675,000 | 33,784,000 | 50,318,000 | 19,238,000 | 20,744,000 | 16,257,000 | 19,568,000 | 20,163,000 | 35,362,000 | 8,055,000 | 34,455,000 | 15,393,000 | 17,215,000 | 30,899,000 | |||
accrued expenses and other liabilities | 695,000,000 | 875,000,000 | 840,000,000 | 530,000,000 | 463,000,000 | 653,000,000 | 597,000,000 | 500,000,000 | 421,000,000 | 608,200,000 | 507,500,000 | 448,600,000 | 375,800,000 | 541,500,000 | 435,900,000 | 421,400,000 | 327,000,000 | 456,159,000 | 386,372,000 | 365,365,000 | 277,919,000 | 371,737,000 | 312,501,000 | 289,960,000 | 210,898,000 | 337,717,000 | 272,166,000 | 259,068,000 | 193,986,000 | 279,310,000 | 234,731,000 | 217,898,000 | 157,028,000 | 228,748,000 | 204,153,000 | 176,971,000 | 124,676,000 | 201,989,000 | 171,200,000 | 163,523,000 | 143,176,000 | 192,067,000 | 172,404,000 | 162,019,000 | 127,100,000 | 181,156,000 | 172,742,000 | 137,695,000 | 106,441,000 | 157,400,000 | 144,154,000 | 107,153,000 | 85,285,000 | 79,593,000 | 120,667,000 | 94,546,000 | 85,522,000 | 100,865,000 | 90,641,000 | 85,637,000 | 64,709,000 | 94,947,000 | 87,626,000 | 82,820,000 | 61,686,000 | 96,387,000 | |||||||||||||||||||||||||||
current portion of long-term debt | 1,238,000,000 | 719,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 225,000,000 | 225,000,000 | 725,000,000 | 875,000,000 | 568,700,000 | 562,500,000 | 53,100,000 | 246,300,000 | 250,600,000 | 67,500,000 | 67,500,000 | 42,500,000 | 42,500,000 | 290,000,000 | 300,000,000 | 70,000,000 | 70,000,000 | 66,250,000 | 62,500,000 | 58,750,000 | 55,000,000 | 55,000,000 | 55,000,000 | 55,000,000 | 50,000,000 | 30,000,000 | 25,000,000 | 120,000,000 | 120,000,000 | 120,000,000 | 20,000,000 | 55,000,000 | 55,500,000 | 80,492,000 | 80,492,000 | 80,492,000 | 73,125,000 | 41,250,000 | 34,375,000 | 27,500,000 | 45,625,000 | 38,750,000 | 6,609,000 | 100,000,000 | 100,000,000 | 33,000 | 93,000 | 93,000 | 93,000 | 663,000 | 603,000 | 1,227,000 | 1,142,000 | 1,624,000 | 1,212,000 | 1,662,000 | 101,689,000 | 5,766,000 | 6,015,000 | 17,124,000 | 11,464,000 | 4,015,000 | 6,526,000 | 6,162,000 | 7,703,000 | 7,070,000 | 7,421,000 | 11,574,000 | 17,190,000 | 20,594,000 | 64,418,000 | 17,990,000 | 73,370,000 | 50,065,000 | 49,699,000 | 16,135,000 | 16,451,000 | 68,455,000 | 18,346,000 | 25,663,000 | 27,348,000 | 27,334,000 | 19,456,000 | 17,669,000 | ||||
total current liabilities | 8,316,000,000 | 8,294,000,000 | 6,890,000,000 | 5,257,000,000 | 4,930,000,000 | 6,314,000,000 | 6,525,000,000 | 5,391,000,000 | 4,880,000,000 | 4,956,900,000 | 4,590,500,000 | 4,157,600,000 | 3,812,900,000 | 4,596,600,000 | 4,238,600,000 | 2,899,900,000 | 2,438,900,000 | 2,667,366,000 | 2,889,141,000 | 2,800,922,000 | 2,240,982,000 | 2,354,352,000 | 2,240,391,000 | 2,258,276,000 | 1,890,619,000 | 2,045,361,000 | 2,148,924,000 | 1,907,110,000 | 1,647,073,000 | 1,782,986,000 | 1,632,727,000 | 1,656,707,000 | 1,634,632,000 | 1,987,474,000 | 3,631,514,000 | 1,419,537,000 | 1,337,908,000 | 1,445,157,000 | 1,701,735,000 | 1,457,655,000 | 1,283,356,000 | 1,328,547,000 | 1,264,547,000 | 1,328,339,000 | 1,209,447,000 | 1,269,153,000 | 1,263,026,000 | 1,270,618,000 | 792,492,000 | 906,877,000 | 861,789,000 | 661,815,000 | 617,314,000 | 567,781,000 | 623,599,000 | 641,279,000 | 601,222,000 | 481,620,000 | 488,281,000 | 502,971,000 | 459,848,000 | 470,157,000 | 594,326,000 | 504,082,000 | 455,649,000 | 478,953,000 | 507,945,000 | 552,880,000 | 506,571,000 | 522,643,000 | 540,973,000 | 558,304,000 | 508,343,000 | 543,815,000 | 570,213,000 | 549,779,000 | 645,311,000 | 606,847,000 | 612,703,000 | 534,869,000 | 517,870,000 | 365,110,000 | 363,422,000 | 367,649,000 | 322,505,000 | 321,822,000 | 318,241,000 | 297,718,000 | 268,668,000 | 278,871,000 | |||
long-term debt less unamortized discount and debt issuance costs | 6,584,000,000 | 6,894,000,000 | 7,653,000,000 | 7,470,000,000 | 3,731,000,000 | 3,599,000,000 | 3,367,000,000 | 3,391,000,000 | 3,009,000,000 | 3,226,900,000 | 3,144,600,000 | 3,762,400,000 | 3,680,000,000 | 3,691,500,000 | 4,040,400,000 | 4,156,300,000 | 3,497,100,000 | 1,980,437,000 | 1,755,487,000 | 1,762,294,000 | 2,009,100,000 | 2,025,906,000 | 2,042,674,000 | 1,566,409,000 | 1,483,355,000 | 1,500,343,000 | 1,513,560,000 | 1,426,777,000 | 1,439,998,000 | 1,456,990,000 | 832,361,000 | 841,959,000 | 851,548,000 | 856,141,000 | 860,741,000 | 965,391,000 | 1,018,372,000 | 1,031,693,000 | 1,045,004,000 | 1,058,327,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 238,000,000 | 243,000,000 | 243,000,000 | 186,000,000 | 186,000,000 | 189,000,000 | 181,000,000 | 180,000,000 | 178,000,000 | 178,600,000 | 178,900,000 | 186,000,000 | 191,000,000 | 195,900,000 | 191,400,000 | 185,900,000 | 185,700,000 | 179,976,000 | 171,571,000 | 164,081,000 | 166,997,000 | 172,935,000 | 172,581,000 | 173,717,000 | 176,748,000 | 167,855,000 | 177,097,000 | 169,555,000 | 159,823,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 899,000,000 | 815,000,000 | 857,000,000 | 721,000,000 | 701,000,000 | 711,000,000 | 638,000,000 | 614,000,000 | 614,000,000 | 616,200,000 | 568,400,000 | 571,900,000 | 563,500,000 | 584,000,000 | 572,300,000 | 443,100,000 | 432,000,000 | 386,794,000 | 374,595,000 | 371,054,000 | 359,629,000 | 344,222,000 | 332,900,000 | 323,558,000 | 323,404,000 | 328,277,000 | 322,024,000 | 310,510,000 | 300,857,000 | 315,732,000 | 284,330,000 | 284,309,000 | 288,653,000 | 256,185,000 | 382,228,000 | 373,089,000 | 368,323,000 | 24,609,000 | 16,961,000 | 15,552,000 | 14,127,000 | 24,635,000 | 17,152,000 | 16,053,000 | 13,906,000 | 25,431,000 | 19,376,000 | 16,312,000 | 12,380,000 | 29,276,000 | 21,268,000 | 15,051,000 | 16,041,000 | 24,408,000 | 18,792,000 | 16,281,000 | 15,579,000 | 19,863,000 | 8,837,000 | 8,143,000 | 8,235,000 | 20,076,000 | 11,791,000 | 14,171,000 | 83,972,000 | 74,459,000 | 69,048,000 | 60,596,000 | 53,556,000 | 53,638,000 | 44,466,000 | 37,531,000 | 34,961,000 | 29,571,000 | 25,555,000 | 24,859,000 | 23,884,000 | 17,176,000 | 13,713,000 | 1,972,000 | 1,788,000 | 3,297,000 | 1,812,000 | ||||||||||
other liabilities | 1,050,000,000 | 1,172,000,000 | 1,304,000,000 | 385,000,000 | 371,000,000 | 362,000,000 | 334,000,000 | 331,000,000 | 338,000,000 | 326,000,000 | 301,900,000 | 321,100,000 | 307,500,000 | 298,900,000 | 305,000,000 | 311,300,000 | 383,800,000 | 383,977,000 | 330,753,000 | 313,542,000 | 303,088,000 | 314,854,000 | 304,823,000 | 295,580,000 | 228,378,000 | 230,706,000 | 204,536,000 | 170,184,000 | 160,107,000 | 132,392,000 | 113,980,000 | 87,100,000 | 69,657,000 | 65,051,000 | 56,147,000 | 62,759,000 | 70,373,000 | 81,308,000 | 87,169,000 | 80,872,000 | 89,161,000 | 93,589,000 | 85,706,000 | 106,900,000 | 85,426,000 | 79,217,000 | 72,187,000 | 72,695,000 | 63,423,000 | 63,786,000 | 63,958,000 | 63,252,000 | 58,907,000 | 65,314,000 | 62,858,000 | 64,959,000 | 65,783,000 | 53,343,000 | 38,784,000 | 39,003,000 | 36,509,000 | 27,764,000 | 31,151,000 | 18,969,000 | 19,177,000 | 9,581,000 | 16,898,000 | 15,223,000 | 14,596,000 | 11,437,000 | 11,912,000 | 12,228,000 | 14,300,000 | 12,560,000 | 12,576,000 | 13,936,000 | 12,568,000 | 12,688,000 | 13,304,000 | 9,045,000 | 9,078,000 | 8,160,000 | 9,147,000 | 9,063,000 | 10,771,000 | 9,634,000 | 5,854,000 | 5,604,000 | 5,470,000 | 5,543,000 | |||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 36,000,000 | 36,000,000 | 36,000,000 | 35,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 30,000,000 | 30,000,000 | 30,400,000 | 30,400,000 | 30,300,000 | 30,300,000 | 30,300,000 | 30,300,000 | 30,200,000 | 30,200,000 | 30,099,000 | 30,093,000 | 30,010,000 | 30,022,000 | 29,969,000 | 29,937,000 | 29,915,000 | 29,893,000 | 29,711,000 | 29,714,000 | 29,582,000 | 29,584,000 | 29,338,000 | 29,011,000 | 28,708,000 | 28,696,000 | 14,882,000 | 14,884,000 | 14,826,000 | 14,828,000 | 14,811,000 | 14,811,000 | 14,769,000 | 14,797,000 | 14,642,000 | 14,641,000 | 14,587,000 | 14,587,000 | 14,587,000 | 14,590,000 | 14,539,000 | 14,541,000 | 14,542,000 | 14,544,000 | 14,405,000 | 14,399,000 | 14,388,000 | 14,382,000 | 14,328,000 | 14,332,000 | 14,335,000 | 14,338,000 | 14,292,000 | 14,255,000 | 14,279,000 | 14,264,000 | 14,222,000 | 14,213,000 | 14,208,000 | 14,205,000 | 14,148,000 | 14,155,000 | 14,154,000 | 14,040,000 | 13,997,000 | 13,952,000 | 6,916,000 | 6,915,000 | 6,881,000 | 6,879,000 | 6,865,000 | |||||||||||||||
additional paid-in capital | 6,165,000,000 | 6,160,000,000 | 6,117,000,000 | 5,441,000,000 | 1,107,000,000 | 1,118,000,000 | 1,095,000,000 | 1,027,000,000 | 1,003,000,000 | 1,027,100,000 | 987,100,000 | 927,100,000 | 907,900,000 | 919,700,000 | 903,400,000 | 835,700,000 | 823,500,000 | 849,424,000 | 830,066,000 | 784,620,000 | 772,866,000 | 794,909,000 | 763,749,000 | 749,285,000 | 718,261,000 | 716,049,000 | 703,949,000 | 653,415,000 | 621,249,000 | 615,180,000 | 525,465,000 | 502,950,000 | 495,278,000 | 497,540,000 | 493,821,000 | 479,193,000 | 472,749,000 | 468,443,000 | 464,028,000 | 445,901,000 | 441,243,000 | 426,498,000 | 439,335,000 | 403,600,000 | 397,498,000 | 405,982,000 | 398,646,000 | 386,233,000 | 379,811,000 | 371,960,000 | 362,293,000 | 344,354,000 | 340,606,000 | 335,872,000 | 327,053,000 | 313,810,000 | 310,901,000 | 307,059,000 | 303,966,000 | 293,081,000 | 290,197,000 | 286,997,000 | 282,765,000 | 273,781,000 | 270,261,000 | 267,856,000 | 265,324,000 | 254,185,000 | 252,478,000 | 250,167,000 | 247,988,000 | 236,163,000 | 234,342,000 | 230,520,000 | 218,237,000 | 216,889,000 | 208,926,000 | 197,581,000 | 196,013,000 | 199,189,000 | 189,371,000 | 187,280,000 | 186,377,000 | 178,577,000 | 177,725,000 | 169,473,000 | 158,170,000 | 159,564,000 | 158,775,000 | 161,762,000 | |||
treasury stock | -1,098,000,000 | -848,000,000 | -748,000,000 | -748,000,000 | -748,000,000 | -748,000,000 | -748,000,000 | -748,000,000 | -748,000,000 | -748,100,000 | -748,100,000 | -748,100,000 | -748,100,000 | -748,000,000 | -748,000,000 | -748,000,000 | -698,000,000 | -673,902,000 | -673,902,000 | -672,763,000 | -661,358,000 | -591,338,000 | -543,556,000 | -537,672,000 | -537,672,000 | -536,243,000 | -507,314,000 | -497,572,000 | -477,572,000 | -477,572,000 | -397,572,000 | -397,572,000 | -397,572,000 | -386,322,000 | -315,072,000 | -268,842,000 | -257,683,000 | -257,683,000 | -250,025,000 | -250,025,000 | -250,025,000 | -238,775,000 | -175,025,000 | -160,025,000 | -160,025,000 | -75,025,000 | -67,525,000 | -25,025,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 128,000,000 | 210,000,000 | 200,000,000 | 262,000,000 | 15,000,000 | 4,781,000 | 3,753,000 | 4,284,000 | 4,745,000 | 3,144,000 | 2,847,000 | 2,771,000 | 5,143,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 24,000,000 | 26,000,000 | 21,000,000 | 23,000,000 | 20,000,000 | 17,000,000 | 16,000,000 | 11,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 7,358,000,000 | 6,989,000,000 | 6,781,000,000 | 6,604,000,000 | 6,416,000,000 | 6,128,000,000 | 5,961,000,000 | 5,764,000,000 | 5,544,000,000 | 5,288,500,000 | 5,056,900,000 | 4,913,700,000 | 4,755,900,000 | 4,553,000,000 | 4,440,400,000 | 4,308,300,000 | 4,192,100,000 | 4,000,681,000 | 3,927,912,000 | 3,807,684,000 | 3,694,457,000 | 3,520,683,000 | 3,451,880,000 | 3,341,990,000 | 3,269,359,000 | 3,140,762,000 | 3,088,174,000 | 2,995,206,000 | 2,925,170,000 | 2,833,622,000 | 2,782,504,000 | 2,697,396,000 | 2,644,191,000 | 2,456,599,000 | 2,290,014,000 | 2,233,056,000 | 2,185,902,000 | 2,134,640,000 | 2,095,958,000 | 2,041,602,000 | 1,992,518,000 | 1,947,411,000 | 1,906,744,000 | 1,854,877,000 | 1,809,367,000 | 1,768,201,000 | 1,759,593,000 | 1,705,767,000 | 1,658,508,000 | 1,620,639,000 | 1,587,947,000 | 1,543,299,000 | 1,504,251,000 | 1,457,073,000 | 1,427,379,000 | 1,390,109,000 | 1,359,817,000 | 1,322,562,000 | 1,298,256,000 | 1,265,553,000 | 1,239,954,000 | 1,205,061,000 | 1,184,328,000 | 1,151,088,000 | 1,120,918,000 | 1,087,805,000 | 1,075,161,000 | 1,044,852,000 | 1,014,801,000 | 977,407,000 | 954,647,000 | 923,951,000 | 893,403,000 | 828,336,000 | 790,570,000 | 746,980,000 | 666,431,000 | 633,159,000 | 595,703,000 | 523,879,000 | 494,649,000 | 425,662,000 | 400,939,000 | 375,695,000 | 348,357,000 | 295,825,000 | 249,718,000 | 223,102,000 | 205,642,000 | 188,710,000 | |||
total equity | 12,613,000,000 | 12,573,000,000 | 12,407,000,000 | 11,617,000,000 | 6,841,000,000 | 6,480,000,000 | 6,037,000,000 | 5,787,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 29,700,000,000 | 29,991,000,000 | 29,354,000,000 | 25,636,000,000 | 16,760,000,000 | 17,525,000,000 | 15,944,000,000 | 14,806,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 10,000,000 | 11,000,000 | 9,000,000 | 10,000,000 | 11,000,000 | 13,200,000 | 10,100,000 | 9,300,000 | 12,000,000 | 11,200,000 | 14,900,000 | 17,600,000 | 12,891,000 | 14,428,000 | 13,080,000 | 11,926,000 | 18,332,000 | 18,216,000 | 18,111,000 | 16,595,000 | 12,325,000 | 9,935,000 | 10,542,000 | 10,518,000 | 12,868,000 | 12,843,000 | 11,161,000 | 20,840,000 | 24,965,000 | 29,156,000 | 30,164,000 | 20,622,000 | 15,048,000 | 13,287,000 | 16,077,000 | 13,880,000 | 13,734,000 | 10,545,000 | 10,678,000 | 10,867,000 | 11,157,000 | 11,452,000 | 12,300,000 | 10,967,000 | 10,624,000 | 11,693,000 | 12,205,000 | 7,228,000 | 8,183,000 | 8,176,000 | 7,729,000 | 7,645,000 | 7,627,000 | 7,612,000 | 7,737,000 | 7,481,000 | 7,678,000 | 7,669,000 | 8,135,000 | 8,345,000 | 8,213,000 | 8,219,000 | 7,640,000 | 7,471,000 | 7,511,000 | 7,287,000 | 6,625,000 | 4,673,000 | 3,021,000 | 2,637,000 | 12,345,000 | 2,757,000 | 2,799,000 | 2,767,000 | 2,639,000 | 2,831,000 | 3,163,000 | 277,000 | 386,000 | 394,000 | 471,000 | 446,000 | |||||||||||
investments | 19,000,000 | 21,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | 24,300,000 | 27,500,000 | 25,400,000 | 22,400,000 | 24,000,000 | 23,700,000 | 25,000,000 | 30,970,000 | 31,349,000 | 32,622,000 | 31,734,000 | 24,971,000 | 24,738,000 | 21,592,000 | 23,340,000 | 27,378,000 | 28,137,000 | 24,896,000 | 17,528,000 | 17,394,000 | 17,152,000 | 20,092,000 | 17,558,000 | 13,949,000 | 14,085,000 | 10,876,000 | 17,153,000 | 23,048,000 | 26,307,000 | 22,992,000 | 20,515,000 | 18,092,000 | 22,943,000 | 21,246,000 | 18,786,000 | 19,862,000 | 19,989,000 | 19,194,000 | 652,000 | 649,000 | 644,000 | 11,748,000 | 9,656,000 | 9,119,000 | 9,294,000 | 7,940,000 | 9,328,000 | 9,647,000 | 10,353,000 | 8,949,000 | 9,264,000 | 8,267,000 | 8,585,000 | 9,623,000 | 11,189,000 | |||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -109,000,000 | 125,000,000 | -47,000,000 | -51,000,000 | -19,100,000 | -127,600,000 | -50,500,000 | -101,000,000 | -148,400,000 | -315,500,000 | -142,800,000 | -12,400,000 | -9,409,000 | -6,550,000 | -3,549,000 | -4,990,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 6,437,000,000 | 5,578,800,000 | 5,198,700,000 | 5,072,500,000 | 4,845,000,000 | 4,606,600,000 | 4,310,600,000 | 4,283,400,000 | 4,335,400,000 | 4,196,893,000 | 4,107,619,000 | 3,946,002,000 | 3,830,997,000 | 3,754,223,000 | 3,702,010,000 | 3,583,518,000 | 3,479,841,000 | 3,350,279,000 | 3,314,523,000 | 3,180,631,000 | 3,098,431,000 | 3,000,568,000 | 2,939,408,000 | 2,831,482,000 | 2,770,593,000 | 2,582,699,000 | 2,483,647,000 | 2,458,233,000 | 2,415,796,000 | 2,360,211,000 | 2,324,772,000 | 2,252,247,000 | 2,198,533,000 | 2,149,776,000 | 2,185,735,000 | 2,113,054,000 | 2,061,462,000 | 2,113,745,000 | 2,105,295,000 | 2,081,514,000 | 2,052,860,000 | 2,007,141,000 | 1,964,784,000 | 1,902,058,000 | 1,859,256,000 | 1,807,333,000 | 1,768,814,000 | 1,718,247,000 | 1,685,050,000 | 1,643,963,000 | 1,616,561,000 | 1,572,931,000 | 1,544,412,000 | 1,506,344,000 | 1,481,362,000 | 1,439,094,000 | 1,405,397,000 | 1,369,874,000 | 1,354,694,000 | 1,313,185,000 | 1,281,433,000 | 1,241,741,000 | 983,838,000 | 895,922,000 | 849,984,000 | 810,602,000 | 734,799,000 | 694,687,000 | 624,325,000 | 598,515,000 | 565,898,000 | 536,105,000 | 475,010,000 | ||||||||||||||||||||
total liabilities and shareholders’ equity | 17,612,000,000 | 14,883,400,000 | 13,983,000,000 | 14,071,500,000 | 13,399,900,000 | 13,973,500,000 | 13,658,300,000 | 12,279,900,000 | 11,272,900,000 | 9,795,443,000 | 9,629,166,000 | 9,357,895,000 | 8,910,793,000 | 8,966,492,000 | 8,795,379,000 | 8,201,058,000 | 7,582,345,000 | 7,622,821,000 | 7,680,664,000 | 7,164,767,000 | 6,806,289,000 | 6,688,668,000 | 5,802,806,000 | 5,701,557,000 | 5,615,083,000 | 5,747,550,000 | 7,414,277,000 | 5,279,009,000 | 5,197,444,000 | 5,287,343,000 | 5,522,027,000 | 5,206,877,000 | 4,992,960,000 | 5,012,739,000 | 5,002,192,000 | 5,020,837,000 | 4,838,942,000 | 4,956,458,000 | 4,945,748,000 | 4,930,472,000 | 3,674,289,000 | 3,649,508,000 | 3,554,788,000 | 3,326,320,000 | 3,230,360,000 | 3,128,058,000 | 3,134,729,000 | 3,097,291,000 | 3,017,447,000 | 2,607,011,000 | 2,561,303,000 | 2,524,872,000 | 2,443,996,000 | 2,400,814,000 | 2,387,811,000 | 2,336,812,000 | 2,249,437,000 | 2,224,226,000 | 2,238,122,000 | 2,230,212,000 | 2,147,316,000 | 2,119,580,000 | 1,827,407,000 | 1,803,168,000 | 1,715,231,000 | 1,682,402,000 | 1,525,739,000 | 1,467,436,000 | 1,249,517,000 | 1,225,791,000 | 994,099,000 | 920,620,000 | 854,026,000 | ||||||||||||||||||||
restricted cash and investments | 583,247,000 | 454,517,000 | 431,651,000 | 438,964,000 | 389,390,000 | 420,801,000 | 377,085,000 | 382,233,000 | 302,410,000 | 338,635,000 | 301,716,000 | 309,231,000 | 268,129,000 | 250,705,000 | 276,687,000 | 276,634,000 | 279,368,000 | 265,637,000 | 278,279,000 | 277,646,000 | 231,075,000 | 229,753,000 | 217,646,000 | 245,893,000 | 284,809,000 | 259,769,000 | 275,846,000 | 300,354,000 | 252,872,000 | 250,009,000 | 247,315,000 | 210,538,000 | 186,768,000 | 164,564,000 | 198,137,000 | 192,540,000 | 189,519,000 | 130,535,000 | 146,033,000 | 120,073,000 | 115,635,000 | 123,594,000 | 161,318,000 | 145,848,000 | 146,360,000 | 155,257,000 | 158,843,000 | 160,121,000 | 140,840,000 | 144,750,000 | 240,616,000 | 215,630,000 | 239,350,000 | 227,146,000 | 240,509,000 | 240,785,000 | 278,043,000 | 275,959,000 | 256,085,000 | 235,263,000 | 236,504,000 | 147,483,000 | |||||||||||||||||||||||||||||||
premiums, commissions and fees receivable | 1,216,188,000 | 1,205,655,000 | 1,259,483,000 | 1,153,071,000 | 1,099,248,000 | 1,020,522,000 | 1,080,896,000 | 1,000,120,000 | 942,834,000 | 895,612,000 | 913,910,000 | 847,132,000 | 844,815,000 | 736,378,000 | 736,341,000 | 694,266,000 | 546,402,000 | 525,943,000 | 499,670,000 | 486,291,000 | 502,482,000 | 469,452,000 | 472,227,000 | 430,002,000 | 433,885,000 | 424,416,000 | 415,584,000 | 431,155,000 | 424,547,000 | 392,309,000 | 433,113,000 | 404,471,000 | 395,915,000 | 365,705,000 | 310,486,000 | 303,882,000 | 302,725,000 | 282,972,000 | 295,758,000 | 293,993,000 | 240,257,000 | 212,051,000 | 247,718,000 | 232,688,000 | 214,446,000 | 224,299,000 | 233,597,000 | 211,897,000 | 209,462,000 | 238,525,000 | 235,463,000 | 230,838,000 | 244,515,000 | 256,479,000 | 264,166,000 | 231,471,000 | 271,606,000 | 273,811,000 | 244,131,000 | 268,195,000 | 276,730,000 | 245,357,000 | 235,116,000 | 217,209,000 | 172,395,000 | 169,403,000 | 146,669,000 | 146,435,000 | 145,540,000 | 132,808,000 | 112,363,000 | 117,575,000 | |||||||||||||||||||||
premiums payable to insurance companies | 1,384,562,000 | 1,214,835,000 | 1,394,374,000 | 1,147,507,000 | 1,198,529,000 | 1,092,461,000 | 1,205,604,000 | 974,297,000 | 1,014,317,000 | 906,136,000 | 979,417,000 | 801,475,000 | 857,559,000 | 732,550,000 | 815,504,000 | 695,964,000 | 685,163,000 | 653,289,000 | 706,923,000 | 643,181,000 | 647,564,000 | 619,149,000 | 667,180,000 | 554,527,000 | 574,736,000 | 531,004,000 | 605,699,000 | 587,387,000 | 568,184,000 | 535,271,000 | 634,797,000 | 532,240,000 | 534,360,000 | 481,760,000 | 476,529,000 | 443,290,000 | 406,704,000 | 397,995,000 | 461,022,000 | 437,514,000 | 327,096,000 | 325,996,000 | 358,913,000 | 330,745,000 | 311,346,000 | 325,903,000 | 356,355,000 | 327,281,000 | 310,296,000 | 349,777,000 | 397,991,000 | 367,438,000 | 357,707,000 | 390,616,000 | 421,173,000 | 376,829,000 | 399,331,000 | 423,772,000 | 400,296,000 | 449,819,000 | 463,352,000 | 419,097,000 | 372,053,000 | 370,431,000 | 242,414,000 | 248,127,000 | 216,788,000 | 204,021,000 | 214,802,000 | 201,001,000 | 191,682,000 | 172,056,000 | 179,373,000 | ||||||||||||||||||||
premium deposits and credits due customers | 122,447,000 | 140,109,000 | 107,872,000 | 128,413,000 | 102,505,000 | 116,892,000 | 102,389,000 | 127,641,000 | 113,841,000 | 118,350,000 | 93,827,000 | 94,426,000 | 105,640,000 | 107,788,000 | 101,184,000 | 97,587,000 | 91,648,000 | 97,917,000 | 92,217,000 | 90,853,000 | 83,765,000 | 111,012,000 | 95,147,000 | 89,336,000 | 83,098,000 | 96,030,000 | 85,524,000 | 80,419,000 | 83,313,000 | 99,494,000 | 98,532,000 | 91,395,000 | 80,959,000 | 93,415,000 | 31,216,000 | 25,343,000 | 32,867,000 | 47,798,000 | 29,246,000 | 31,104,000 | 30,048,000 | 46,440,000 | 24,992,000 | 31,555,000 | 28,509,000 | 57,805,000 | 34,437,000 | 31,314,000 | 37,715,000 | 48,224,000 | 39,003,000 | 45,008,000 | 43,577,000 | 48,352,000 | 32,243,000 | 35,956,000 | 38,900,000 | 31,368,000 | 32,574,000 | 42,708,000 | 28,884,000 | 27,048,000 | 36,083,000 | 24,002,000 | 32,273,000 | 27,675,000 | 23,769,000 | 25,160,000 | 17,292,000 | 15,931,000 | 16,723,000 | 18,134,000 | 15,812,000 | ||||||||||||||||||||
restricted cash | 481,922,000 | 500,790,000 | 461,980,000 | 147,672,000 | 133,194,000 | 120,541,000 | 126,354,000 | 116,724,000 | 79,796,000 | 89,530,000 | 87,272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, less unamortized discount and debt issuance costs | 1,005,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 1,079,878,000 | 1,118,589,000 | 1,132,300,000 | 1,146,010,000 | 1,152,846,000 | 1,159,682,000 | 1,168,125,000 | 480,000,000 | 380,000,000 | 380,000,000 | 450,000,000 | 450,000,000 | 450,000,000 | 450,000,000 | 450,033,000 | 450,043,000 | 250,033,000 | 250,603,000 | 250,067,000 | 250,067,000 | 250,067,000 | 150,067,000 | 250,000,000 | 250,030,000 | 250,209,000 | 250,589,000 | 250,289,000 | 251,427,000 | 253,616,000 | 253,655,000 | 253,649,000 | 252,627,000 | 225,403,000 | 225,432,000 | 226,216,000 | 204,901,000 | 208,181,000 | 210,832,000 | 217,455,000 | 220,246,000 | 227,063,000 | 230,823,000 | 34,313,000 | 37,526,000 | 45,298,000 | 53,324,000 | 57,585,000 | 62,237,000 | 69,304,000 | ||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax effect of 40 at 2015, of 0 at 2014 | 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax effect of 15 at 2015, of 0 at 2014 | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax effect of 35 at 2015, of 0 at 2014 | 35,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expense | 23,186,000 | 28,109,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax effect of at 2014, of 0 at 2013 | -9,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 0 at 2012 and 4 at 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 4 at 2011 and 4 at 2010 | 7,000 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 0 at 2011 and 4 at 2010 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 3 at 2011 and 4 at 2010 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 4 at 2010 and 3 at 2009 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 3 at 2010 and 3 at 2009 | 5,000 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 2 at 2010 and 3 at 2009 | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 3 at 2009 and 8 at 2008 | 5,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 83,493,000 | 78,493,000 | 55,797,000 | 96,325,000 | 77,488,000 | 73,697,000 | 52,472,000 | 72,883,000 | 68,098,000 | 47,143,000 | 68,691,000 | 62,837,000 | 42,870,000 | 57,430,000 | 52,994,000 | 58,031,000 | 51,601,000 | 38,474,000 | 39,616,000 | 56,010,000 | 39,506,000 | 46,586,000 | 41,807,000 | 35,118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 0 at 2009 and 8 at 2008 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 8 at 2008 and 8 at 2007 | 13,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized 280,000 shares; issued and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 141,412 at 2008 and 140,673 at 2007 | 14,141,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 8 at 2008 and 8 at 2007 | 13,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 1,216,789,000 | 1,174,193,000 | 1,141,831,000 | 1,072,985,000 | 1,022,915,000 | 416,616,000 | 391,590,000 | 374,008,000 | 362,458,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 2,107,301,000 | 2,072,833,000 | 1,986,149,000 | 1,915,359,000 | 1,884,692,000 | 794,035,000 | 754,349,000 | 712,697,000 | 718,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 140,708 at 2008 and 140,673 at 2007 | 14,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 5 at 2008 and 8 at 2007 | 8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 140,724 at 2008 and 140,673 at 2007 | 14,072,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 9 at 2008 and 8 at 2007 | 14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 140,709 at 2007 and 140,016 at 2006 | 14,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 34 at 2007 and 5,359 at 2006 | 58,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 140,337 at 2007 and 140,016 at 2006 | 14,034,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 44 at 2007 and 5,359 at 2006 | 74,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 3,523 at 2007 and 5,359 at 2006 | 5,929,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions and fees | 864,663,000 | 775,543,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income | 11,479,000 | 6,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 1,862,000 | 3,686,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 878,004,000 | 785,807,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee compensation and benefits | 404,891,000 | 374,943,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock-based compensation | 5,416,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 126,492,000 | 105,622,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 36,498,000 | 33,245,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 11,309,000 | 10,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 13,357,000 | 14,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 597,963,000 | 541,677,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 280,041,000 | 244,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 107,691,000 | 93,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 172,350,000 | 150,551,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,230 | 1,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 1,220 | 1,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share | 210 | 170 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed asset | 44,630,000 | 43,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 3,860 at 2006 and 2,606 at 2005 | 6,568,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding 139,480 at 2006 and 139,383 at 2005 | 13,948,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated of other comprehensive income, net of related income tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 3,104 at 2006 and 2,606 at 2005 | 5,296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulate other comprehensive income, net of related income tax effect of 2,892 at 2006 and 2,606 at 2005 | 4,934,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation | 3,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares; issued and outstanding 69,502 shares at 2005 and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
69,159 at 2004 | 6,950,000 | 6,914,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares; issued and outstanding, 69,143 shares at 2005 and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of related income tax effect of 2,617 at 2004 and 2,591 at 2003 | 4,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other intangible assets | 231,383,000 | 232,852,000 | 203,984,000 | 169,099,000 | 168,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 1,852,000 | 2,314,000 | 1,951,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments | 1,931,000 | 436,000 | 507,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax effect of 1,176 at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commission and fees receivable | 144,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized 140,000 shares; issued and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding, 68,178 at 2002 and 63,194 at 2001 | 6,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of 1,290 at 2002 and 2,750 at 2001 | 2,106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to our consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
totalcurrentassets | 361,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents................................................................................. | 169,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash..................................................................................................... | 84,070,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments........................................................................................ | 475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable.................................................... | 118,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets............................................................................................. | 9,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets.......................................................................................... | 381,412,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net................................................................................................... | 24,622,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill, net......................................................................................................... | 113,369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other intangible assets, net................................................................................ | 152,731,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments........................................................................................................... | 12,875,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes.......................................................................................... | 553,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets.......................................................................................................... | 6,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets........................................................................................................ | 692,380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies...................................................... | 181,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customers.................................................. | 12,516,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable................................................................................................ | 25,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses................................................................................................ | 29,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt...................................................................... | 18,352,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities..................................................................................... | 267,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt..................................................................................................... | 71,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities...................................................................................................... | 6,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest................................................................................................... | 1,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital.................................................................................. | 160,885,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings............................................................................................... | 170,553,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income................................................... | 6,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity............................................................................... | 345,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity...................................................... | 692,380,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before non-controlling interests | 427,000,000 | 268,000,000 | 230,000,000 | 235,000,000 | 334,000,000 | 211,000,000 | 238,000,000 | 260,000,000 | 293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income before non-controlling interests to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 116,000,000 | 116,000,000 | 93,000,000 | 50,000,000 | 53,000,000 | 47,000,000 | 45,000,000 | 43,000,000 | 43,000,000 | 42,300,000 | 41,100,000 | 41,200,000 | 41,400,000 | 38,400,000 | 43,500,000 | 33,600,000 | 31,100,000 | 31,031,000 | 29,523,000 | 29,546,000 | 29,493,000 | 28,333,000 | 27,058,000 | 26,741,000 | 26,391,000 | 26,880,000 | 26,272,000 | 25,954,000 | 26,192,000 | 23,583,000 | 21,637,000 | 20,785,000 | 20,539,000 | 21,044,000 | 21,435,000 | 21,347,000 | 21,620,000 | 21,638,000 | 21,805,000 | 21,610,000 | 21,610,000 | 22,015,000 | 22,158,000 | 21,623,000 | 21,625,000 | 22,459,000 | 21,983,000 | 20,623,000 | 17,876,000 | 17,792,000 | 17,858,000 | 16,121,000 | 16,161,000 | 16,123,000 | 15,956,000 | 15,881,000 | 15,613,000 | 13,965,000 | 13,725,000 | 13,556,000 | 13,509,000 | 13,370,000 | 12,869,000 | 12,650,000 | 12,553,000 | 12,485,000 | 12,468,000 | 12,519,000 | 12,385,000 | 11,842,000 | 12,281,000 | 11,392,000 | 11,116,000 | 10,331,000 | 9,965,000 | 9,502,000 | 9,431,000 | 9,089,000 | 8,978,000 | 9,000,000 | 8,901,000 | 8,452,000 | 8,357,000 | 7,535,000 | 6,069,000 | 5,777,000 | 5,483,000 | 4,817,000 | 4,210,000 | 4,416,000 | 4,337,000 | 3,435,000 | ||
depreciation | 17,000,000 | 18,000,000 | 14,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 10,000,000 | 11,000,000 | 9,500,000 | 10,400,000 | 10,200,000 | 9,900,000 | 10,900,000 | 11,200,000 | 9,000,000 | 8,100,000 | 7,852,000 | 9,200,000 | 8,801,000 | 7,456,000 | 7,440,000 | 6,647,000 | 6,168,000 | 6,021,000 | 5,901,000 | 5,815,000 | 5,666,000 | 6,035,000 | 6,424,000 | 5,259,000 | 5,599,000 | 5,552,000 | 5,456,000 | 5,489,000 | 5,655,000 | 6,098,000 | 5,136,000 | 5,195,000 | 5,354,000 | 5,318,000 | 5,255,000 | 5,215,000 | 5,237,000 | 5,183,000 | 5,557,000 | 5,456,000 | 5,242,000 | 4,640,000 | 4,589,000 | 4,466,000 | 4,263,000 | 4,167,000 | 3,990,000 | 3,958,000 | 3,784,000 | 3,641,000 | 3,116,000 | 3,062,000 | 3,079,000 | 3,135,000 | 3,141,000 | 3,116,000 | 3,129,000 | 3,253,000 | 3,285,000 | 3,323,000 | 3,299,000 | 3,333,000 | 3,357,000 | 3,391,000 | 3,292,000 | 3,246,000 | 3,213,000 | 3,239,000 | 3,040,000 | 3,007,000 | 2,922,000 | 2,785,000 | 2,595,000 | 2,629,000 | 2,538,000 | 2,527,000 | 2,367,000 | 2,249,000 | 2,238,000 | 2,269,000 | 2,154,000 | 2,116,000 | 2,019,000 | 1,927,000 | 1,859,000 | ||
non-cash stock-based compensation | 26,000,000 | 17,000,000 | 24,000,000 | 23,000,000 | 29,000,000 | 24,000,000 | 25,000,000 | 23,000,000 | 29,000,000 | 22,400,000 | 21,800,000 | 20,800,000 | 24,400,000 | 15,800,000 | 16,300,000 | 13,900,000 | 20,100,000 | 14,359,000 | 13,936,000 | 14,045,000 | 18,678,000 | 16,284,000 | 13,378,000 | 21,040,000 | 9,047,000 | 12,315,000 | 10,551,000 | 11,134,000 | 12,994,000 | 9,997,000 | 8,495,000 | 7,732,000 | 7,295,000 | 8,269,000 | 7,036,000 | 6,762,000 | 8,564,000 | 4,459,000 | 4,919,000 | -1,835,000 | 4,889,000 | 6,102,000 | 6,357,000 | 214,000 | 5,640,000 | 5,994,000 | 7,515,000 | 7,699,000 | 7,431,000 | 3,623,000 | 3,850,000 | 4,472,000 | 3,908,000 | 3,738,000 | 3,747,000 | 2,856,000 | 2,856,000 | 2,709,000 | 2,773,000 | 1,615,000 | 1,495,000 | 1,780,000 | 1,955,000 | 2,115,000 | 1,732,000 | 1,695,000 | 1,816,000 | 1,751,000 | 1,819,000 | 1,800,000 | 1,944,000 | 1,491,000 | 1,334,000 | 1,502,000 | 815,000 | 837,000 | 1,434,000 | 2,330,000 | ||||||||||||||||
change in estimated acquisition earn-out payables | 5,000,000 | 7,000,000 | 11,000,000 | 11,000,000 | -4,000,000 | 11,000,000 | -7,000,000 | 0 | -2,000,000 | -7,600,000 | 29,900,000 | 1,800,000 | -2,300,000 | -5,800,000 | -26,700,000 | -3,000,000 | -3,400,000 | 19,802,000 | 23,138,000 | -1,605,000 | -890,000 | -9,454,000 | 15,318,000 | 635,000 | -10,957,000 | 5,554,000 | -5,270,000 | -2,860,000 | 1,210,000 | 441,000 | -357,000 | 419,000 | 2,466,000 | 891,000 | -1,308,000 | 5,589,000 | 4,028,000 | 2,339,000 | 3,610,000 | 4,057,000 | -821,000 | 809,000 | 459,000 | 372,000 | 1,363,000 | 3,364,000 | 314,000 | 177,000 | 6,083,000 | 1,020,000 | -665,000 | 656,000 | 1,522,000 | 1,552,000 | 858,000 | -604,000 | -388,000 | -2,862,000 | -810,000 | 1,565,000 | -99,000 | |||||||||||||||||||||||||||||||||
mark-to-market of escrow liability | -64,000,000 | -62,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 80,000,000 | -25,000,000 | 20,000,000 | 8,000,000 | -10,000,000 | 24,000,000 | -8,000,000 | -2,000,000 | -1,000,000 | 13,700,000 | -3,800,000 | 1,800,000 | 600,000 | 2,600,000 | 13,600,000 | 11,400,000 | 15,200,000 | 8,199,000 | 3,484,000 | 11,364,000 | 10,569,000 | 11,345,000 | 9,364,000 | 208,000 | -4,974,000 | 6,211,000 | 11,514,000 | 9,533,000 | -14,875,000 | 31,424,000 | 21,000 | -4,344,000 | -12,093,000 | -126,124,000 | 9,148,000 | 4,788,000 | 10,005,000 | -1,918,000 | 4,174,000 | 5,974,000 | 9,933,000 | 5,722,000 | 6,229,000 | 4,120,000 | 6,625,000 | -9,831,000 | 2,775,000 | 3,719,000 | 10,706,000 | 1,247,000 | 10,078,000 | 5,302,000 | 15,620,000 | 2,490,000 | 4,848,000 | 6,950,000 | 18,435,000 | -599,000 | 6,483,000 | 5,924,000 | 18,520,000 | -4,500,000 | 6,237,000 | 5,484,000 | 15,366,000 | -4,178,000 | 9,359,000 | 5,345,000 | 17,325,000 | -8,037,000 | 7,816,000 | 5,415,000 | 20,519,000 | 7,050,000 | 3,398,000 | 1,920,000 | 3,757,000 | 6,179,000 | 2,358,000 | -814,000 | 6,303,000 | 3,414,000 | 1,132,000 | -207,000 | 1,000 | |||||||||
net loss on sales/disposals of investments, businesses, fixed assets and customer accounts | -1,000,000 | 1,000,000 | 0 | 0 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on acquisition earn-outs in excess of original estimated payables | -15,000,000 | -2,000,000 | 0 | -2,000,000 | -4,000,000 | -18,000,000 | -13,000,000 | -11,600,000 | 0 | -5,800,000 | -900,000 | -9,900,000 | -13,500,000 | -15,313,000 | 0 | -5,393,000 | -354,000 | -3,333,000 | -623,000 | -239,000 | -337,000 | 0 | -84,000 | -763,000 | -8,367,000 | -2,693,000 | -715,000 | -701,000 | -6,691,000 | -2,562,000 | -4,547,000 | -221,000 | -133,000 | 0 | -3,550,000 | -6,466,000 | -2,139,000 | 0 | 0 | 0 | -862,000 | -308,000 | -1,618,000 | -2,393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other | 3,000,000 | 1,000,000 | 3,000,000 | 0 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect from acquisitions and divestitures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions, fees and other receivables decrease | -142,000,000 | -36,000,000 | 80,000,000 | 41,000,000 | -180,000,000 | 25,000,000 | 21,000,000 | 2,000,000 | -142,000,000 | -23,600,000 | 20,200,000 | 27,700,000 | -130,700,000 | 30,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable decrease | 57,000,000 | 166,000,000 | 48,000,000 | 62,000,000 | 1,080,000,000 | 509,000,000 | -1,937,000,000 | -34,000,000 | 60,000,000 | 95,000,000 | -32,900,000 | -44,500,000 | 688,300,000 | -986,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums decrease | 110,000,000 | -190,000,000 | 17,000,000 | -49,000,000 | 40,000,000 | 19,000,000 | -56,000,000 | -54,000,000 | 33,000,000 | 41,200,000 | -52,100,000 | -71,000,000 | 13,600,000 | -24,500,000 | 32,215,000 | -18,535,000 | 28,845,000 | -17,596,000 | 28,521,000 | -19,123,000 | 29,859,000 | -11,541,000 | 29,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets decrease | 25,000,000 | -21,000,000 | -12,000,000 | -46,000,000 | 35,000,000 | -17,000,000 | -1,000,000 | -30,600,000 | -31,000,000 | -50,000,000 | -6,100,000 | 37,700,000 | 24,623,000 | 806,000 | 1,404,000 | 128,000 | 12,919,000 | -1,255,000 | 1,858,000 | -12,106,000 | 7,130,000 | 3,238,000 | 2,484,000 | 1,677,000 | 5,345,000 | -8,186,000 | 5,480,000 | 6,029,000 | 2,927,000 | 2,298,000 | -4,448,000 | 6,257,000 | -4,582,000 | -3,529,000 | -836,000 | 10,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment reserve increase | -60,000,000 | -160,000,000 | -45,000,000 | -62,000,000 | -1,081,000,000 | -502,000,000 | 1,936,000,000 | 36,000,000 | -59,000,000 | -100,200,000 | 32,900,000 | 44,700,000 | -687,000,000 | -192,600,000 | 998,800,000 | -3,600,000 | -24,800,000 | -157,324,000 | 178,016,000 | 16,124,000 | -17,179,000 | -63,995,000 | 62,254,000 | 11,657,000 | -24,952,000 | -251,282,000 | 232,452,000 | 25,979,000 | -13,856,000 | -1,683,565,000 | 2,137,807,000 | -16,760,000 | -38,844,000 | -253,921,000 | 271,192,000 | 2,683,000 | 26,161,000 | -5,237,000 | -41,997,000 | 66,110,000 | 64,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned premiums increase | -116,000,000 | 162,000,000 | -40,000,000 | 90,000,000 | -35,000,000 | -48,000,000 | 23,000,000 | 115,000,000 | 25,000,000 | -68,400,000 | 43,400,000 | 87,800,000 | -12,700,000 | -18,400,000 | 22,300,000 | 45,900,000 | -29,700,000 | -19,030,000 | 42,541,000 | 23,680,000 | -32,584,000 | -20,000,000 | 40,795,000 | 23,014,000 | -32,215,000 | -17,544,000 | 39,971,000 | 29,231,000 | -23,557,000 | -7,035,000 | -11,229,000 | -25,306,000 | -20,134,000 | 27,199,000 | -25,350,000 | 36,916,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable increase | -29,000,000 | 106,000,000 | -100,000,000 | -121,000,000 | 126,000,000 | -38,000,000 | 45,000,000 | 32,000,000 | -86,000,000 | 97,000,000 | 61,600,000 | 29,900,000 | 71,500,000 | 44,000,000 | -21,000,000 | 79,100,000 | 22,200,000 | 5,557,000 | -19,365,000 | -3,662,000 | 68,874,000 | 54,713,000 | -48,083,000 | 44,143,000 | 56,981,000 | -4,286,000 | -1,687,000 | -32,663,000 | 56,436,000 | -5,937,000 | -3,526,000 | -21,553,000 | 52,896,000 | 4,685,000 | -16,397,000 | -6,876,000 | 45,386,000 | 16,316,000 | -20,298,000 | 11,194,000 | 22,962,000 | 6,413,000 | 11,418,000 | -15,644,000 | 32,019,000 | 10,574,000 | -9,086,000 | 4,361,000 | 31,100,000 | 1,639,000 | -3,184,000 | -12,583,000 | 19,308,000 | 12,828,000 | -9,592,000 | 10,785,000 | 22,484,000 | 2,350,000 | -5,398,000 | 2,112,000 | -1,871,000 | 24,615,000 | -3,580,000 | -4,701,000 | 11,912,000 | 1,569,000 | 12,825,000 | -7,894,000 | -11,573,000 | 11,709,000 | -8,231,000 | -19,855,000 | 30,998,000 | -2,036,000 | -14,006,000 | -16,534,000 | 29,015,000 | 1,442,000 | -1,506,000 | -22,921,000 | 27,362,000 | |||||||||||||
accrued expenses and other liabilities increase | -184,000,000 | 59,000,000 | 91,000,000 | 63,000,000 | -195,000,000 | 52,000,000 | 92,000,000 | 77,000,000 | -186,000,000 | 83,800,000 | 59,400,000 | 69,800,000 | -169,800,000 | 100,400,000 | -16,500,000 | 96,200,000 | -143,100,000 | 67,578,000 | 20,499,000 | 85,699,000 | -106,994,000 | 57,174,000 | 25,284,000 | 79,044,000 | -126,786,000 | 65,792,000 | 9,807,000 | 65,420,000 | -97,689,000 | 24,491,000 | 19,751,000 | 11,397,000 | 35,035,000 | 16,245,000 | -50,959,000 | 13,345,000 | 30,010,000 | 21,729,000 | 5,788,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities increase | 7,000,000 | 19,000,000 | 26,000,000 | 9,000,000 | 6,000,000 | -21,000,000 | 6,000,000 | 1,500,000 | -56,400,000 | -15,500,000 | -12,400,000 | -41,600,000 | -6,800,000 | -82,100,000 | 2,800,000 | -16,371,000 | -3,284,000 | -134,000 | -27,344,000 | -44,409,000 | -28,167,000 | 5,791,000 | -5,349,000 | 9,104,000 | -8,253,000 | 7,126,000 | 8,321,000 | -1,057,000 | -3,945,000 | -97,000 | 133,000 | -516,000 | 2,032,000 | -993,000 | 1,002,000 | -2,051,000 | 665,000 | -1,244,000 | -1,360,000 | 1,894,000 | -736,000 | -248,000 | -808,000 | 1,474,000 | 236,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 262,000,000 | 444,000,000 | 468,000,000 | 325,000,000 | 213,000,000 | 361,000,000 | 440,000,000 | 360,000,000 | 13,000,000 | 305,400,000 | 315,600,000 | 328,700,000 | 59,800,000 | 281,600,000 | 253,600,000 | 242,600,000 | 103,600,000 | 314,626,000 | 161,576,000 | 341,159,000 | 125,108,000 | 182,059,000 | 122,889,000 | 382,882,000 | 33,817,000 | 231,060,000 | 141,417,000 | 300,347,000 | 5,356,000 | 212,012,000 | 78,111,000 | 197,925,000 | 79,481,000 | 128,405,000 | 43,489,000 | 180,060,000 | 90,021,000 | 104,549,000 | 79,815,000 | 158,894,000 | 31,900,000 | 121,207,000 | 63,257,000 | 176,682,000 | 50,702,000 | 99,669,000 | 107,748,000 | 110,457,000 | 67,145,000 | 79,470,000 | 88,019,000 | 84,864,000 | 137,021,000 | 31,339,000 | 76,227,000 | 86,961,000 | 25,788,000 | 36,308,000 | 77,625,000 | 71,994,000 | 51,604,000 | 69,847,000 | 59,474,000 | 92,940,000 | 73,791,000 | 32,327,000 | 4,271,000 | 91,827,000 | 93,160,000 | 137,688,000 | 41,697,000 | 116,909,000 | 45,459,000 | 51,210,000 | 45,889,000 | 69,391,000 | 62,987,000 | 47,103,000 | 63,092,000 | 52,032,000 | 74,713,000 | 46,092,000 | 33,775,000 | 60,508,000 | 30,185,000 | 47,653,000 | 25,612,000 | 66,753,000 | 64,357,000 | 20,651,000 | 33,957,000 | 16,780,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 262,000,000 | 444,000,000 | 468,000,000 | 325,000,000 | 213,000,000 | 361,000,000 | 440,000,000 | 360,000,000 | 13,000,000 | 305,400,000 | 315,600,000 | 328,700,000 | 59,800,000 | 281,600,000 | 253,600,000 | 242,600,000 | 103,600,000 | 314,626,000 | 161,576,000 | 341,159,000 | 125,108,000 | 182,059,000 | 122,889,000 | 382,882,000 | 33,817,000 | 231,060,000 | 141,417,000 | 300,347,000 | 5,356,000 | 212,012,000 | 78,111,000 | 197,925,000 | 79,481,000 | 128,405,000 | 43,489,000 | 180,060,000 | 90,021,000 | 104,549,000 | 79,815,000 | 158,894,000 | 31,900,000 | 121,207,000 | 63,257,000 | 176,682,000 | 50,702,000 | 99,669,000 | 107,748,000 | 110,457,000 | 67,145,000 | 79,470,000 | 88,019,000 | 84,864,000 | 137,021,000 | 31,339,000 | 76,227,000 | 86,961,000 | 25,788,000 | 36,308,000 | 77,625,000 | 71,994,000 | 51,604,000 | 69,847,000 | 59,474,000 | 92,940,000 | 73,791,000 | 32,327,000 | 4,271,000 | 91,827,000 | 93,160,000 | 137,688,000 | 41,697,000 | 116,909,000 | 45,459,000 | 51,210,000 | 45,889,000 | 69,391,000 | 62,987,000 | 47,103,000 | 63,092,000 | 52,032,000 | 74,713,000 | 46,092,000 | 33,775,000 | 60,508,000 | 30,185,000 | 47,653,000 | 25,612,000 | 66,753,000 | 64,357,000 | 20,651,000 | 33,957,000 | 16,780,000 | ||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to fixed assets | -21,000,000 | -20,000,000 | -16,000,000 | -15,000,000 | -17,000,000 | -20,000,000 | -23,000,000 | -26,000,000 | -13,000,000 | -30,500,000 | -13,300,000 | -13,300,000 | -11,800,000 | -20,200,000 | -14,100,000 | -8,300,000 | -10,000,000 | -10,428,000 | -9,475,000 | -13,717,000 | -11,425,000 | -14,880,000 | -19,882,000 | -19,480,000 | -16,458,000 | -25,750,000 | -12,184,000 | -11,988,000 | -23,186,000 | -12,661,000 | -9,469,000 | -9,639,000 | -9,751,000 | -11,295,000 | -4,049,000 | -5,816,000 | -3,032,000 | -4,630,000 | -4,191,000 | -4,692,000 | -4,252,000 | -5,602,000 | -4,176,000 | -4,870,000 | -3,727,000 | -4,734,000 | -7,612,000 | -7,850,000 | -4,727,000 | -4,913,000 | -4,330,000 | -4,176,000 | -2,947,000 | -5,113,000 | -6,238,000 | -6,772,000 | -5,905,000 | -4,101,000 | -2,994,000 | -3,596,000 | -2,917,000 | -3,206,000 | -2,284,000 | -2,910,000 | -2,054,000 | -2,472,000 | -3,104,000 | -3,158,000 | -2,921,000 | -4,133,000 | -4,061,000 | -16,280,000 | -2,657,000 | -4,477,000 | -3,635,000 | -2,581,000 | -3,741,000 | -3,469,000 | -2,817,000 | -2,800,000 | -2,209,000 | -2,326,000 | -2,610,000 | -1,699,000 | -2,261,000 | -2,073,000 | ||||||||
payments for businesses acquired, net of cash acquired | -17,000,000 | -195,000,000 | -7,498,000,000 | -94,000,000 | -67,000,000 | -772,000,000 | -20,000,000 | -22,000,000 | -76,000,000 | -467,400,000 | -48,000,000 | -77,700,000 | -37,600,000 | -38,000,000 | -1,432,500,000 | -21,200,000 | -436,000,000 | -188,773,000 | -61,389,000 | -46,189,000 | -70,429,000 | -292,484,000 | -110,934,000 | -138,133,000 | -153,291,000 | -64,650,000 | -141,747,000 | -51,565,000 | -95,081,000 | -669,038,000 | -113,033,000 | -108,227,000 | -33,576,000 | -14,993,000 | -14,952,000 | -9,403,000 | -5,929,000 | -66,687,000 | -40,603,000 | -26,074,000 | -4,870,000 | -68,861,000 | -36,195,000 | -1,670,000 | -79,000 | -693,724,000 | -1,013,000 | -28,360,000 | -324,968,000 | -14,323,000 | -61,000 | -40,458,000 | -14,863,000 | -27,975,000 | -341,758,000 | -66,995,000 | -13,450,000 | -41,755,000 | -43,855,000 | -38,264,000 | -85,400,000 | -16,769,000 | -17,204,000 | -3,499,000 | -10,803,000 | -27,970,000 | -34,574,000 | -114,491,000 | -72,551,000 | -41,672,000 | -1,543,000 | -59,356,000 | -37,017,000 | -10,009,000 | -13,728,000 | -201,427,000 | -10,285,000 | -48,824,000 | -47,973,000 | -95,582,000 | -22,603,000 | -8,260,000 | -58,309,000 | -11,067,000 | ||||||||||
proceeds from sales of businesses, fixed assets and customer accounts | -1,000,000 | 0 | 1,000,000 | 9,000,000 | 10,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 3,000,000 | 0 | 0 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -38,000,000 | -213,000,000 | -7,514,000,000 | -108,000,000 | -79,000,000 | -779,000,000 | -42,000,000 | 11,000,000 | -88,000,000 | -393,700,000 | -58,600,000 | -91,500,000 | -43,200,000 | 0 | -1,445,100,000 | -21,700,000 | -445,800,000 | -190,300,000 | -70,074,000 | -53,912,000 | -82,394,000 | -306,819,000 | -125,822,000 | -157,220,000 | -169,209,000 | -73,949,000 | -155,157,000 | -68,605,000 | -115,874,000 | -680,068,000 | -120,899,000 | -108,008,000 | -42,796,000 | -22,085,000 | -17,795,000 | -20,567,000 | -2,143,000 | -11,853,000 | -10,590,000 | -75,079,000 | -44,890,000 | -24,317,000 | -9,752,000 | -75,765,000 | -34,803,000 | 4,389,000 | -7,451,000 | -698,997,000 | -5,254,000 | -27,185,000 | -328,432,000 | -23,206,000 | -1,809,000 | -36,721,000 | -20,810,000 | -34,429,000 | -343,540,000 | -68,741,000 | -15,709,000 | -44,823,000 | -46,452,000 | -41,523,000 | -86,738,000 | -19,087,000 | -19,143,000 | -6,292,000 | -13,472,000 | -31,078,000 | -36,971,000 | -119,458,000 | -76,215,000 | -47,540,000 | -3,855,000 | -63,686,000 | -40,289,000 | -12,330,000 | -15,734,000 | -204,295,000 | -12,705,000 | -50,803,000 | -48,648,000 | -96,365,000 | -21,011,000 | -9,230,000 | -61,451,000 | -11,883,000 | ||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fiduciary receivables and liabilities | -76,000,000 | 198,000,000 | -264,000,000 | 209,000,000 | -90,000,000 | 108,000,000 | -165,000,000 | 274,000,000 | -26,000,000 | 71,500,000 | -106,900,000 | 242,600,000 | -18,700,000 | 71,800,000 | -64,900,000 | 174,500,000 | -85,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on acquisition earn-outs | -150,000,000 | -66,000,000 | -32,000,000 | -19,000,000 | -26,000,000 | -17,000,000 | -35,000,000 | -26,000,000 | -39,000,000 | -32,700,000 | -10,900,000 | -29,800,000 | -16,100,000 | -23,400,000 | -9,700,000 | -9,700,000 | -33,400,000 | -26,406,000 | -1,913,000 | -19,081,000 | -15,121,000 | -15,118,000 | -2,957,000 | -425,000 | -6,477,000 | -2,052,000 | -517,000 | -6,418,000 | -579,000 | -722,000 | -8,154,000 | -3,422,000 | -1,761,000 | -3,777,000 | -16,820,000 | -2,985,000 | -5,683,000 | -437,000 | -16,860,000 | -1,485,000 | -5,527,000 | -3,395,000 | -10,759,000 | -6,671,000 | -4,590,000 | -177,000 | -463,000 | -8,275,000 | -615,000 | -7,681,000 | -1,657,000 | -3,452,000 | -2,701,000 | -10,844,000 | -1,050,000 | -1,512,000 | -133,000 | -3,576,000 | -2,291,000 | -2,618,000 | -358,000 | |||||||||||||||||||||||||||||||||
payments on long-term debt | -19,000,000 | -19,000,000 | -18,000,000 | -19,000,000 | -169,000,000 | -19,000,000 | -525,000,000 | -162,000,000 | -13,000,000 | -12,500,000 | -9,300,000 | -211,900,000 | -16,900,000 | -16,900,000 | -16,900,000 | -16,900,000 | -10,600,000 | -20,625,000 | -17,500,000 | -17,500,000 | -17,500,000 | -13,750,000 | -13,750,000 | -13,750,000 | -13,750,000 | -13,750,000 | -13,750,000 | -13,750,000 | -8,750,000 | -5,000,000 | -4,999,000 | -105,001,000 | -5,000,000 | -5,000,000 | -5,000,000 | -72,500,000 | -14,250,000 | -13,750,000 | -6,875,000 | -6,875,000 | -6,875,000 | -6,875,000 | -25,000,000 | 0 | -100,000,000 | 0 | -33,000 | 0 | -603,000 | -10,000 | -614,000 | -229,000 | -100,599,000 | -145,000 | -1,099,000 | -1,574,000 | -5,074,000 | -381,000 | -12,396,000 | -538,000 | -4,188,000 | -4,078,000 | -4,905,000 | -4,611,000 | -6,156,000 | -5,487,000 | -10,706,000 | -8,657,000 | -3,759,000 | -3,592,000 | -4,681,000 | -4,085,000 | -4,185,000 | -5,493,000 | -4,401,000 | -4,527,000 | -5,266,000 | -6,340,000 | -4,887,000 | -5,835,000 | ||||||||||||||
borrowings on revolving credit facility | 225,000,000 | 0 | 300,000,000 | 0 | 150,000,000 | 350,000,000 | 0 | 0 | 150,000,000 | 250,000,000 | 0 | 0 | 0 | 0 | 350,000,000 | 0 | 1,720,000 | 5,090,000 | 0 | 5,890,000 | 0 | 12,240,000 | 0 | 0 | 0 | 0 | 50,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase shares to fund tax withholdings for non-cash stock-based compensation | -26,000,000 | 0 | -1,000,000 | -1,000,000 | -40,000,000 | -1,000,000 | 0 | 0 | -54,000,000 | 0 | -800,000 | -2,800,000 | -36,200,000 | -100,000 | -300,000 | -2,400,000 | -46,000,000 | -1,338,000 | -3,204,000 | -45,052,000 | -33,315,000 | -964,000 | -6,847,000 | -3,933,000 | -29,000 | -6,832,000 | -4,272,000 | 3,000 | -7,659,000 | -1,737,000 | -312,000 | -4,742,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -250,000,000 | 0 | 0 | 0 | -100,000 | 0 | 0 | -50,000,000 | -24,100,000 | 0 | -1,139,000 | -11,405,000 | -70,020,000 | -47,782,000 | -5,884,000 | 0 | -1,429,000 | -28,929,000 | -9,742,000 | -80,000,000 | 0 | 0 | -11,250,000 | -71,250,000 | -46,230,000 | -7,658,000 | 0 | 0 | -11,250,000 | -63,750,000 | -15,000,000 | 0 | -85,000,000 | -7,500,000 | -42,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -57,000,000 | -56,000,000 | -51,000,000 | -43,000,000 | -43,000,000 | -43,000,000 | -36,000,000 | -37,000,000 | -38,000,000 | -37,100,000 | -32,700,000 | -32,600,000 | -32,600,000 | -32,600,000 | -29,000,000 | -29,000,000 | -28,900,000 | -28,948,000 | -26,126,000 | -26,063,000 | -26,092,000 | -28,517,000 | -24,089,000 | -24,084,000 | -23,902,000 | -23,912,000 | -22,551,000 | -22,533,000 | -22,348,000 | -22,334,000 | -20,945,000 | -20,715,000 | -20,696,000 | -20,911,000 | -18,961,000 | -18,937,000 | -18,903,000 | -18,945,000 | -17,189,000 | -17,166,000 | -16,962,000 | -17,268,000 | -15,560,000 | -15,495,000 | -15,785,000 | -15,787,000 | -14,505,000 | -14,496,000 | -14,546,000 | -14,533,000 | -13,101,000 | -12,959,000 | -12,953,000 | -12,943,000 | -12,228,000 | -12,179,000 | -12,184,000 | -12,188,000 | -11,470,000 | -11,436,000 | -11,400,000 | -11,413,000 | -11,053,000 | -11,015,000 | -11,015,000 | -10,652,000 | -10,617,000 | -10,618,000 | -9,897,000 | -9,850,000 | -9,847,000 | -8,403,000 | -8,398,000 | -6,970,000 | -6,949,000 | -5,533,000 | -4,842,000 | -4,815,000 | -4,813,000 | -3,946,000 | -3,932,000 | -3,920,000 | -3,244,000 | |||||||||||
other financing activities | -1,000,000 | -1,000,000 | -6,000,000 | -1,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -354,000,000 | -138,000,000 | -130,000,000 | 8,199,000,000 | -218,000,000 | 277,000,000 | -716,000,000 | 442,000,000 | -67,000,000 | 88,400,000 | -221,600,000 | 67,100,000 | -120,600,000 | -151,100,000 | -189,400,000 | 767,500,000 | 1,298,400,000 | -78,659,000 | -15,085,000 | -76,350,000 | -173,785,000 | -105,166,000 | 442,570,000 | 61,364,000 | -52,405,000 | -68,731,000 | 73,554,000 | -41,848,000 | -42,191,000 | 520,965,000 | -19,684,000 | -129,135,000 | -34,396,000 | -79,417,000 | -108,652,000 | -43,072,000 | -65,733,000 | -102,288,000 | -145,216,000 | -16,102,000 | -27,312,000 | 647,630,000 | -14,826,000 | -20,298,000 | 25,853,000 | -16,339,000 | -14,827,000 | -19,434,000 | -4,492,000 | -14,534,000 | 187,161,000 | -15,759,000 | -6,285,000 | -22,956,000 | -1,726,000 | -14,800,000 | -14,200,000 | 9,512,000 | -9,008,000 | -33,297,000 | -15,243,000 | -10,574,000 | 28,000 | -60,083,000 | 40,663,000 | 146,981,000 | 40,973,000 | -8,867,000 | -2,515,000 | -10,147,000 | -13,918,000 | -13,814,000 | ||||||||||||||||||||||
effect of foreign exchange rate changes on cash, cash equivalents and restricted cash inclusive of fiduciary cash | -27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash inclusive of fiduciary cash | -157,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash inclusive of fiduciary cash at beginning of period | 3,815,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash inclusive of fiduciary cash at end of period | 3,658,000,000 | 91,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 800,000,000 | 1,200,000,000 | 0 | 0 | 0 | 0 | 350,000,000 | -7,000 | 498,432,000 | 0 | 0 | 0 | 0 | 200,000,000 | 0 | 0 | 0 | 0 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred debt issuance costs | 1,000,000 | -1,000,000 | 0 | -100,000 | 0 | 100,000 | -23,400,000 | 32,000 | 0 | 0 | -3,000 | -3,698,000 | -12,000 | -56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on revolving credit facility | -100,000,000 | -100,000,000 | -100,000,000 | 0 | -5,090,000 | -12,240,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of expenses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuances of common stock for employee stock benefit plans | 5,000,000 | 0 | -800,000 | 39,000,000 | 200,000 | 36,500,000 | 192,000 | 32,931,000 | 164,000 | 29,353,000 | 51,000 | 24,047,000 | 885,000 | 16,000 | 26,000 | 18,686,000 | 0 | 720,000 | 35,000 | 16,887,000 | -6,000 | 506,000 | 24,000 | 15,043,000 | 0 | 916,000 | 36,000 | 15,354,000 | 0 | 500,000 | 55,000 | 13,811,000 | 222,000 | 720,000 | 1,159,000 | 10,561,000 | 100,000 | 625,000 | 3,715,000 | 9,302,000 | 1,000 | 287,000 | 34,000 | 8,048,000 | 269,000 | 316,000 | 558,000 | 8,526,000 | 1,580,000 | 455,000 | 289,000 | 9,354,000 | 5,000 | 496,000 | 303,000 | 10,076,000 | 20,000 | 515,000 | 10,711,000 | 1,000 | 609,000 | 203,000 | 10,557,000 | 130,000 | 384,000 | 134,000 | 9,173,000 | 129,000 | 281,000 | 113,000 | ||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash inclusive of fiduciary cash | 91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents inclusive of fiduciary cash | -19,000,000 | 63,000,000 | 22,000,000 | -58,000,000 | -11,000,000 | 31,900,000 | -27,900,000 | 15,600,000 | 14,300,000 | 51,900,000 | -55,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents inclusive of fiduciary cash | -199,000,000 | -273,000,000 | 32,000,000 | 7,500,000 | 319,900,000 | -89,700,000 | 182,400,000 | -1,436,700,000 | 861,400,000 | 955,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents inclusive of fiduciary cash at beginning of period | 0 | 2,502,000,000 | 0 | 0 | 0 | 2,303,000,000 | 0 | 0 | 0 | 2,033,200,000 | 0 | 0 | 0 | 1,470,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents inclusive of fiduciary cash at end of period | 8,479,000,000 | 2,440,000,000 | -199,000,000 | -273,000,000 | 824,000,000 | 2,150,000,000 | 32,000,000 | 7,500,000 | 319,900,000 | 1,943,500,000 | -1,436,700,000 | 861,400,000 | 2,426,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents inclusive of fiduciary cash | -62,000,000 | -153,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sales/disposals of investments, businesses, fixed assets and customer accounts | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments | -2,000,000 | -3,000,000 | -1,000,000 | 0 | -2,600,000 | -3,600,000 | -12,000 | -2,609,000 | -4,656,000 | -5,098,000 | -4,039,000 | -7,098,000 | -1,518,000 | -1,513,000 | -1,751,000 | -6,504,000 | -9,234,000 | -31,000 | -387,000 | -34,000 | -2,721,000 | -6,142,000 | -272,000 | -4,477,000 | -5,537,000 | -379,000 | -1,540,000 | -10,106,000 | -7,719,000 | -5,156,000 | -4,142,000 | -3,094,000 | -5,421,000 | -4,867,000 | -3,300,000 | -8,306,000 | -1,629,000 | -5,015,000 | -3,005,000 | -1,839,000 | -1,308,000 | -4,790,000 | -1,260,000 | -3,583,000 | -3,065,000 | -3,786,000 | -2,861,000 | -2,129,000 | -509,000 | -1,354,000 | -3,703,000 | -544,000 | -3,924,000 | -2,162,000 | -1,788,000 | -29,000 | -133,000 | -23,000 | -107,000 | -2,000 | -4,000 | -186,000 | 1,498,000 | -1,000 | -1,504,000 | -77,000 | ||||||||||||||||||||||||||||
proceeds from sales of investments | 5,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 7,200,000 | 100,000 | 2,200,000 | 3,700,000 | 100,000 | 3,700,000 | 1,505,000 | 2,370,000 | 2,534,000 | 4,376,000 | 3,591,000 | 3,765,000 | 2,001,000 | 1,668,000 | 109,000 | 3,880,000 | 2,113,000 | 2,392,000 | 372,000 | 1,205,000 | 9,815,000 | 6,531,000 | 4,466,000 | 2,267,000 | 2,232,000 | 679,000 | 2,174,000 | 7,604,000 | 9,126,000 | 5,710,000 | 4,197,000 | 3,293,000 | 5,078,000 | 5,936,000 | 3,812,000 | 3,329,000 | 2,585,000 | 5,009,000 | 2,561,000 | 1,756,000 | 1,328,000 | 4,789,000 | 1,374,000 | 3,528,000 | 3,259,000 | 3,278,000 | 3,330,000 | 2,336,000 | 383,000 | 5,949,000 | 781,000 | 3,536,000 | 562,000 | 5,676,000 | 3,270,000 | 760,000 | 50,000 | 2,112,000 | 10,392,000 | 9,090,000 | 1,000 | 106,000 | 0 | 12,000 | 149,000 | 226,000 | 518,000 | 3,000 | 273,000 | 96,000 | -2,000 | 740,000 | 31,000 | |||||||||||||||||
amortization of debt discount and disposal of deferred financing costs | -2,100,000 | 900,000 | 1,200,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,100,000 | 700,000 | 758,000 | 1,937,000 | -550,000 | 694,000 | 700,000 | 553,000 | 554,000 | 512,000 | 533,000 | 533,000 | 532,000 | 456,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | 39,000 | 40,000 | 39,000 | 39,000 | 40,000 | 40,000 | 39,000 | 47,000 | 39,000 | 40,000 | 39,000 | 39,000 | 39,000 | 40,000 | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sales/disposals of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income before non-controlling interest to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on sales/disposals of investments, fixed assets and customer accounts | 2,000,000 | -5,700,000 | -100,000 | -5,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed assets and customer accounts | 2,600,000 | -100,000 | 6,100,000 | 58,200,000 | -2,200,000 | 4,200,000 | 200,000 | 7,408,000 | 1,029,000 | 8,116,000 | 182,000 | 993,000 | 8,327,000 | -90,000 | 385,000 | 18,093,000 | 1,398,000 | 2,069,000 | 32,000 | 1,646,000 | 432,000 | 2,764,000 | 142,000 | 9,000 | 3,416,000 | 80,000 | 589,000 | 1,546,000 | 120,000 | 824,000 | 2,467,000 | 5,782,000 | 796,000 | 286,000 | 3,712,000 | 10,239,000 | 185,000 | 2,378,000 | 829,000 | 5,019,000 | 354,000 | 270,000 | 243,000 | 8,856,000 | 735,000 | 401,000 | 4,103,000 | 2,356,000 | 621,000 | 583,000 | 126,000 | 455,000 | 477,000 | 385,000 | 241,000 | 419,000 | 252,000 | 602,000 | 32,000 | 719,000 | 1,178,000 | 568,000 | 2,135,000 | 2,764,000 | 1,944,000 | 1,351,000 | 477,000 | 310,000 | 454,000 | 158,000 | 321,000 | 36,000 | 1,221,000 | 784,000 | 3,266,000 | 725,000 | 1,536,000 | 803,000 | 2,704,000 | 1,303,000 | ||||||||||||||
payments on revolving credit facilities | -50,000,000 | -150,000,000 | -100,000,000 | -150,000,000 | -100,000,000 | 0 | -200,000,000 | 0 | 0 | 0 | -350,000,000 | 0 | 0 | 0 | 0 | 0 | -100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest acquired (disposed) | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 268,700,000 | 175,900,000 | 190,400,000 | 235,500,000 | 145,200,000 | 161,100,000 | 145,200,000 | 220,300,000 | 101,717,000 | 146,354,000 | 139,289,000 | 199,744,000 | 97,320,000 | 133,979,000 | 96,784,000 | 152,400,000 | 76,519,000 | 115,506,000 | 92,593,000 | 113,896,000 | 73,452,000 | 106,053,000 | 73,922,000 | 90,828,000 | 187,505,000 | 75,913,000 | 66,102,000 | 70,110,000 | 57,626,000 | 71,545,000 | 66,250,000 | 62,070,000 | 57,935,000 | 67,427,000 | 61,005,000 | 56,951,000 | 24,395,000 | 68,331,000 | 61,755,000 | 52,415,000 | 47,225,000 | 57,749,000 | 52,007,000 | 60,131,000 | 42,637,000 | 49,504,000 | 42,471,000 | 49,433,000 | 36,494,000 | 44,173,000 | 37,035,000 | 46,293,000 | 32,146,000 | 44,293,000 | 41,185,000 | 44,128,000 | 23,653,000 | 40,961,000 | 40,668,000 | 48,012,000 | 33,373,000 | 40,593,000 | 40,398,000 | 51,760,000 | 46,216,000 | 52,012,000 | 59,727,000 | 37,623,000 | 40,270,000 | 44,431,000 | 50,026,000 | 35,717,000 | 34,783,000 | 37,033,000 | 43,018,000 | 30,256,000 | 30,086,000 | 32,153,000 | 36,348,000 | 26,050,000 | 27,935,000 | 30,536,000 | 20,177,000 | |||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discounts and premiums, investment | 3,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on sales/disposals of businesses, investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of changes in foreign exchange rate changes | 100,000 | -100,000 | -200,000 | -200,000 | -100,000 | -100,000 | 19,000 | -102,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred acquisition purchase payment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization (accretion) of discounts and premiums, investment | -1,197,000 | 1,285,000 | 31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions, fees and other receivables increase | -87,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums increase | 29,800,000 | -42,541,000 | -23,680,000 | 32,584,000 | 20,000,000 | -40,795,000 | 17,544,000 | -39,971,000 | -29,231,000 | 23,557,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets increase | 31,000,000 | 29,042,000 | -60,831,000 | 25,253,000 | -46,802,000 | 6,762,000 | -23,415,000 | -983,000 | 7,399,000 | -29,521,000 | -6,650,000 | -7,607,000 | 1,828,000 | 11,410,000 | 16,810,000 | -20,518,000 | -1,673,000 | -489,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables increase | 24,800,000 | -178,016,000 | -16,124,000 | 17,179,000 | 63,995,000 | -62,254,000 | 251,282,000 | -232,452,000 | -25,979,000 | 14,040,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate cash changes in cash and cash equivalents inclusive of fiduciary | -300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of discounts and premiums, investments | 8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sales of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable decrease | -53,090,000 | 7,667,000 | -13,379,000 | 16,297,000 | 5,229,000 | -8,832,000 | 262,000 | 29,310,000 | -3,286,000 | -4,585,000 | 15,504,000 | 11,181,000 | 2,432,000 | -28,691,000 | 39,882,000 | 13,045,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables decrease | 24,949,000 | 58,933,000 | 329,771,000 | 16,760,000 | 38,844,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies decrease | 26,297,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customers increase | -17,905,000 | 32,221,000 | -20,643,000 | 25,908,000 | -14,709,000 | 13,926,000 | -25,252,000 | 13,149,000 | -4,515,000 | 24,338,000 | -641,000 | -11,362,000 | -2,297,000 | 7,729,000 | 2,450,000 | 5,910,000 | -6,280,000 | 5,530,000 | 1,412,000 | 7,088,000 | -27,387,000 | 15,865,000 | 5,811,000 | 6,238,000 | -15,690,000 | 10,506,000 | 5,105,000 | -2,894,000 | -16,181,000 | 962,000 | 7,106,000 | 10,436,000 | -19,499,000 | -7,524,000 | -15,192,000 | 1,056,000 | -16,392,000 | 3,031,000 | -29,299,000 | -6,401,000 | 1,431,000 | -4,808,000 | -9,435,000 | -2,056,000 | 12,081,000 | -713,000 | -7,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||
borrowings on revolving credit facilities | 0 | 100,000,000 | 0 | 0 | 0 | 0 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of stock benefit plan shares for employees to fund tax withholdings | -137,000 | -69,000 | -98,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of accelerated share repurchase program | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate cash changes | -1,302,000 | -1,546,000 | -601,000 | -120,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents inclusive of restricted cash | 44,365,000 | 74,871,000 | -229,926,000 | 439,637,000 | 287,026,000 | -187,797,000 | 88,380,000 | 59,814,000 | 189,894,000 | -152,709,000 | 2,289,000 | 881,000 | -53,723,000 | 50,841,000 | 44,806,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents inclusive of restricted cash at beginning of period | 0 | 0 | 0 | 1,271,915,000 | 0 | 0 | 0 | 962,975,000 | 0 | 0 | 0 | 777,596,000 | 0 | 0 | 0 | 824,088,000 | 0 | 0 | 0 | 781,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents inclusive of restricted cash at end of period | 44,365,000 | 74,871,000 | 210,296,000 | 1,140,724,000 | -229,926,000 | 439,637,000 | 287,026,000 | 775,178,000 | 88,380,000 | 59,814,000 | 189,894,000 | 624,887,000 | 52,909,000 | -62,472,000 | -39,218,000 | 826,377,000 | 881,000 | -53,723,000 | 50,841,000 | 826,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain)/loss on sales of investments, fixed assets and customer accounts | 840,000 | -2,481,000 | -378,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable increase | 54,423,000 | -98,818,000 | -22,036,000 | -72,243,000 | 66,986,000 | -45,700,000 | 30,536,000 | -65,130,000 | -6,484,000 | 2,775,000 | -8,172,000 | 10,686,000 | 9,801,000 | -20,607,000 | -2,435,000 | 9,088,000 | -42,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies increase | -179,073,000 | 244,915,000 | -103,841,000 | 99,789,000 | -118,699,000 | 231,307,000 | -53,622,000 | 105,603,000 | -73,417,000 | 177,701,000 | -61,229,000 | 121,990,000 | -87,660,000 | 111,207,000 | -21,139,000 | 18,313,000 | 18,538,000 | 32,913,000 | -99,395,000 | 76,766,000 | -2,120,000 | 51,730,000 | -59,114,000 | 32,422,000 | 36,586,000 | 8,348,000 | -63,027,000 | 21,131,000 | 28,897,000 | 1,122,000 | -32,917,000 | 22,220,000 | 19,022,000 | -14,598,000 | -30,452,000 | 28,537,000 | 16,949,000 | 30,083,000 | 9,603,000 | -36,724,000 | -14,774,000 | -13,533,000 | 43,613,000 | 12,008,000 | 23,509,000 | 1,477,000 | 37,287,000 | 90,759,000 | ||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes | 245,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents inclusive of restricted cash | -131,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain)/loss on sales of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement (prepayment) of accelerated share repurchase program | 0 | 0 | -20,000,000 | 0 | 0 | 11,250,000 | -3,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion (amortization) of discounts and premiums, investment | 7,000 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain/(loss) on sales of investments, fixed assets and customer accounts | -3,762,000 | -1,145,000 | 799,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sales of investments, fixed assets and customer accounts | -196,000 | 1,173,000 | -44,000 | -2,388,000 | -2,000 | -160,000 | -789,000 | -1,911,000 | -352,000 | -288,000 | -190,000 | 150,000 | -2,148,000 | -656,000 | -1,389,000 | -443,000 | -591,000 | -383,000 | -2,988,000 | -125,000 | 37,000 | -9,518,000 | -622,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of discounts and premiums, investment | -5,000 | -7,000 | -5,000 | -2,000 | 3,000 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from exercise of shares from the stock benefit plans | -133,000 | -397,000 | -5,567,000 | -1,249,000 | -774,000 | -675,000 | -44,000 | -1,783,000 | -315,000 | -516,000 | -209,000 | -2,258,000 | -1,796,000 | -255,000 | -55,000 | -252,000 | -8,380,000 | -224,000 | -26,000 | -29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and disposal of deferred financing costs | 362,000 | 372,000 | 368,000 | 373,000 | 366,000 | 560,000 | 383,000 | 390,000 | 400,000 | 387,000 | 420,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable | -19,956,000 | -5,126,000 | 136,000 | -6,491,000 | -12,760,000 | -18,012,000 | -13,771,000 | -21,337,000 | -17,907,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables decrease/ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums | 25,350,000 | -36,916,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 6,679,000 | 9,975,000 | -21,247,000 | 7,758,000 | 6,992,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment reserve (decrease)/increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities (decrease)/increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 1,370,000 | -525,000 | -2,384,000 | 2,550,000 | -6,353,000 | -13,697,000 | -14,752,000 | -8,755,000 | 1,252,000 | -14,910,000 | -3,436,000 | 2,712,000 | -24,016,000 | -379,000 | -2,215,000 | -6,274,000 | -221,000 | -11,506,000 | -6,726,000 | -5,023,000 | -1,268,000 | 1,049,000 | -7,312,000 | -4,854,000 | 4,820,000 | -10,628,000 | -13,275,000 | 211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash and cash equivalents inclusive of restricted cash | -62,472,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable (increase)/decrease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment reserve | -58,698,000 | -329,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned premiums | 18,535,000 | -28,845,000 | 17,596,000 | -28,521,000 | 19,123,000 | -29,859,000 | -29,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 59,677,000 | -94,514,000 | 51,304,000 | -77,325,000 | 7,646,000 | 20,269,000 | -50,034,000 | 32,165,000 | -54,100,000 | 25,987,000 | 9,252,000 | -37,221,000 | 5,017,000 | 20,211,000 | -30,202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies | -2,691,000 | -4,383,000 | -17,383,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables | 1,682,466,000 | -271,192,000 | -2,683,000 | -26,161,000 | -66,110,000 | -64,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from by financing activities | -12,454,000 | -8,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(gain) on sales of investments, fixed assets and customer accounts | -1,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on sales of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investments increase | 12,642,000 | -633,000 | 1,278,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 26,963,000 | 34,744,000 | -5,398,000 | 36,211,000 | 71,876,000 | -129,317,000 | 87,956,000 | 72,985,000 | 59,090,000 | 47,065,000 | 45,319,000 | 120,385,000 | -24,816,000 | 50,925,000 | -48,192,000 | 55,631,000 | 13,184,000 | -7,302,000 | 15,833,000 | -35,860,000 | 64,206,000 | 31,692,000 | 10,866,000 | -3,747,000 | 63,555,000 | 47,882,000 | -21,244,000 | 12,843,000 | 23,850,000 | 7,891,000 | 40,831,000 | 1,274,000 | -41,412,000 | -8,917,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 443,420,000 | 0 | 0 | 0 | 470,048,000 | 0 | 0 | 202,952,000 | 0 | 0 | 219,821,000 | 0 | 0 | 286,305,000 | 0 | 0 | 272,984,000 | 0 | 0 | 197,113,000 | 0 | 0 | 78,557,000 | 0 | 0 | 38,234,000 | 0 | 0 | 88,490,000 | 0 | 0 | 100,580,000 | 0 | 0 | 188,106,000 | 91,247,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 26,963,000 | 34,744,000 | 52,093,000 | 401,846,000 | -5,398,000 | 36,211,000 | 71,876,000 | 340,731,000 | 72,985,000 | 59,090,000 | 250,017,000 | -214,560,000 | 45,319,000 | 340,206,000 | 50,925,000 | 37,998,000 | 155,714,000 | 55,631,000 | 13,184,000 | 265,682,000 | -35,860,000 | 64,206,000 | 228,805,000 | -3,747,000 | 63,555,000 | 126,439,000 | 16,990,000 | 6,083,000 | -33,391,000 | 101,333,000 | 29,507,000 | -40,535,000 | 73,683,000 | 33,790,000 | -42,042,000 | 84,982,000 | 143,831,000 | 17,937,000 | 18,447,000 | 17,634,000 | 1,274,000 | 49,835,000 | -8,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase stock benefit plan shares for employees to fund tax withholdings | -2,122,000 | -4,888,000 | -1,385,000 | -129,000 | -44,000 | -2,124,000 | -103,000 | -5,000 | -2,643,000 | -172,000 | -23,000 | -50,000 | -224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of discounts, investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases and proceeds from sales of investments | -1,502,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) financing activities | -31,722,000 | -28,584,000 | -4,726,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee compensation and benefits | 2,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion (amortization) of discounts and premiums, investments | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investments | -1,322,000 | -25,040,000 | 16,077,000 | 24,508,000 | -47,482,000 | -2,863,000 | -2,694,000 | -36,777,000 | -23,770,000 | -22,204,000 | 35,856,000 | -26,213,000 | 5,391,000 | 1,241,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment of accelerated share repurchase program | 11,250,000 | 0 | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | -41,574,000 | -130,591,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investments decrease | -12,107,000 | 28,247,000 | -58,984,000 | -4,438,000 | 7,959,000 | 512,000 | 8,897,000 | 3,910,000 | 95,866,000 | -24,986,000 | 23,720,000 | 15,054,000 | 13,363,000 | 276,000 | 1,402,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss(gain) on sales of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expense increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of stock benefit plan shares for employee to fund tax withholdings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customers | -3,748,000 | -5,256,000 | -699,000 | -6,979,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) on sales of investments, fixed assets and customer accounts | -331,000 | -316,000 | -1,530,000 | -985,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on sales of investments, fixed assets and customer accounts | 31,000 | -160,000 | -94,000 | -536,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase stock benefit plan shares for employee to fund tax withholdings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from the issuance of common stock | -96,000 | -41,000 | -91,000 | 95,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses increase | 15,601,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in estimated acquisition earn-out payable | 193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 21,086,000 | -34,764,000 | 4,969,000 | 22,707,000 | -41,022,000 | 3,175,000 | 20,960,000 | -38,638,000 | -39,792,000 | -32,952,000 | 14,754,000 | -19,973,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in acquisition earn-out payable | -696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on sales of investments, fixed assets, and customer accounts | -635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from exercise of stock benefit plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from exercise of stock options | 4,273,000 | 35,000 | 143,000 | 0 | 56,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sales of investments, fixed assets and customer accounts | 1,007,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) on sales of investments, fixed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets and customer accounts | 524,000 | -819,000 | 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
from acquisitions and divestitures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from issuance of common stock | 118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sales of investments, fixed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -26,897,000 | -42,042,000 | -103,124,000 | 17,937,000 | -38,479,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation | 977,000 | 681,000 | 788,000 | 891,000 | 740,000 | 375,000 | 665,000 | 845,000 | 375,000 | 632,000 | 817,000 | 1,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of common stock for employee stock benefit plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution to minority interest shareholders | 0 | 0 | -2,890,000 | -267,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect from insurance agency acquisitions and disposals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividend paid | -5,531,000 | -5,533,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investment | -50,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings | 630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financial activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax provision | 6,996,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on sales of investments, fixed assets and customer accounts | -766,000 | -776,000 | -971,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, | -14,478,000 | -12,653,000 | -3,998,000 | 7,049,000 | 6,518,000 | -36,928,000 | -2,258,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable, | -22,667,000 | 6,883,000 | 5,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, decrease | -7,217,000 | 5,201,000 | 6,193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies, increase | 30,895,000 | 11,898,000 | 4,393,000 | 10,693,000 | 3,108,000 | 9,319,000 | -7,518,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customers, increase | 3,865,000 | -1,403,000 | 2,937,000 | -2,697,000 | 2,322,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, increase | -692,000 | -16,218,000 | 24,077,000 | -4,955,000 | -16,876,000 | 17,610,000 | -15,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses, increase | 13,100,000 | 6,654,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities, increase | 31,000 | -501,000 | 465,000 | 124,000 | 108,000 | 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for employee stock benefit plans | 7,316,000 | 189,000 | 473,000 | 6,697,000 | 5,674,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of common stock for employee stock benefit plans | 0 | 0 | -2,334,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalent at beginning of period | 0 | 0 | 56,926,000 | -23,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses, | -1,659,000 | -10,118,000 | -5,756,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -682,000 | -1,000 | -70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable, decrease | 237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gains) losses on sales of investments, fixed assets and customer accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gains) losses on sales of investments, fixed assets and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customer accounts | 28,000 | -114,000 | 144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect from | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance agency acquisitions and disposals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net losses on sales of investments, fixed assets and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customer, increase | -792,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed assets and client accounts | 623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to conform fiscal year for pooled entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect from insurance agency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions and disposals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities, | -73,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from follow-on common stock offering | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net distributions from pooled entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income........................................................................................................... | 20,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation........................................................................................................ | 1,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization........................................................................................................ | 3,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock grant compensation............................................................... | 777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for deferred income taxes................................................. | -634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on sales of investments, fixed assets and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customer accounts........................................................................................... | 287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, (increase)................................................................................ | -33,742,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums, commissions and fees receivable, (increase)............................... | -16,697,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums payable to insurance companies, increase................................... | 30,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium deposits and credits due customers, increase ................................ | 438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, increase.............................................................................. | 15,070,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities, increase................................................................ | -162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings............................................................................ | 927,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities................................... | 19,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to fixed assets.......................................................................................... | -1,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for businesses acquired, net of cash acquired.................................... | -2,231,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed assets and customer accounts............................... | 1,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments......................................................................................... | -48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments........................................................................ | 133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities................................................. | -2,080,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on long-term debt....................................................................................... | -9,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt.................................................................................. | -90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from follow-on stock offering.................................................................. | 149,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net distribution from pooled entities...................................................................... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid................................................................................................... | -3,002,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution to minority interest shareholders............................................. | -1,333,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities................................... | 136,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents............................................................ | 153,552,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalent at beginning of period................................................. | 16,048,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period............................... | 169,600,000 |