Summary of Financial Results - Fourth Quarter

Revenues Before

Diluted Net Earnings

Reimbursements

Net Earnings (Loss)

EBITDAC

(Loss) Per Share

Segment

4th Q 22

4th Q 21

4th Q 22

4th Q 21

4th Q 22

4th Q 21

4th Q 22

4th Q 21

(in millions)

(in millions)

(in millions)

Brokerage, as reported

$ 1,704.3

$ 1,467.4

$ 143.3

$ 171.0

$ 457.6

$ 417.6

$ 0.66

$ 0.79

Net gains on divestitures

(9.2)

(9.9)

(7.0)

(8.0)

(9.2)

(9.9)

(0.03)

(0.04)

Acquisition integration

-

-

34.7

12.7

45.6

15.6

0.16

0.06

Workforce and lease termination

-

-

21.1

6.1

27.8

7.4

0.10

0.03

Acquisition related adjustments

-

-

83.2

44.9

9.1

7.8

0.39

0.21

Amortization of intangible assets

-

-

88.2

81.9

-

-

0.40

0.39

Effective income tax rate impact

-

-

4.4

-

-

-

0.02

-

Levelized foreign currency

translation

-

(51.8)

-

(10.6)

-

(15.1)

-

(0.05)

Brokerage, as adjusted *

1,695.1

1,405.7

367.9

298.0

530.9

423.4

1.70

1.39

Risk Management, as reported

290.6

254.3

36.4

24.6

53.8

46.0

0.17

0.12

Net gains on divestitures

(0.9)

-

(0.6)

-

(0.9)

-

-

-

Workforce and lease termination

-

-

2.0

1.0

2.8

1.3

0.01

-

Acquisition related adjustments

-

-

(4.6)

0.1

0.1

0.1

(0.02)

-

Amortization of intangible assets

-

-

1.1

1.2

-

-

-

-

Levelized foreign currency

translation

-

(5.0)

-

(0.9)

-

(1.5)

-

(0.01)

Risk Management, as adjusted *

289.7

249.3

34.3

26.0

55.8

45.9

0.16

0.11

Corporate, as reported

0.3

219.7

(44.2)

(74.7)

(59.3)

(86.0)

(0.20)

(0.40)

Transaction-related costs

-

-

5.1

21.6

5.7

26.7

0.02

0.10

Legal and tax related

-

-

(31.2)

19.4

(5.0)

9.5

(0.14)

0.10

Corporate, as adjusted *

0.3

219.7

(70.3)

(33.7)

(58.6)

(49.8)

(0.32)

(0.20)

Total Company, as reported

$ 1,995.2

$ 1,941.4

$ 135.5

$ 120.9