Quarterly report pursuant to Section 13 or 15(d)

Fiduciary Assets and Liabilities

v3.22.2
Fiduciary Assets and Liabilities
6 Months Ended
Jun. 30, 2022
Fiduciary Assets And Liabilities [Abstract]  
Fiduciary Assets and Liabilities
7.
Fiduciary Assets and Liabilities

 

The Company recognizes (i) fiduciary amounts payable to others as Fiduciary liabilities, and (ii) fiduciary amounts collectible and held on behalf of others, including insurance policyholders, clients, other insurance intermediaries, and insurance carriers, as Fiduciary cash and receivables in the Consolidated Balance Sheets. Cash and cash equivalents held in excess of the amount required to meet the Company’s fiduciary obligations are recognized as Cash and cash equivalents in the Consolidated Balance Sheets. The Company had Fiduciary cash and receivables and Fiduciary liabilities of $2,817.8 million and $2,390.2 million as of June 30, 2022 and December 31, 2021, respectively.