(in millions)
Note: Organic revenues and adjusted EBITDA are non-GAAP measures.
Twelve Months Ended December 31, 2019 | Twelve Months Ended December 31, 2018 | ||||||||||||||||||||||
Insurance | Energy and Specialized Markets | Financial Services | Insurance | Energy and Specialized Markets | Financial Services | ||||||||||||||||||
Revenues | $ | 1,855.5 | $ | 573.6 | $ | 178.0 | $ | 1,705.9 | $ | 513.3 | $ | 175.9 | |||||||||||
Revenues from acquisitions and dispositions | (43.2 | ) | (32.8 | ) | (0.1 | ) | (9.2 | ) | — | (2.2 | ) | ||||||||||||
Organic revenues | $ | 1,812.3 | $ | 540.8 | $ | 177.9 | $ | 1,696.7 | $ | 513.3 | $ | 173.7 | |||||||||||
EBITDA | $ | 827.1 | $ | 137.4 | $ | 54.4 | $ | 932.2 | $ | 154.4 | $ | 58.9 | |||||||||||
Litigation reserve | 125.0 | — | — | — | — | — | |||||||||||||||||
Acquisition-related costs (earn-outs) | 32.1 | 41.9 | — | (0.8 | ) | 2.4 | 3.5 | ||||||||||||||||
Loss from disposition | — | — | 6.2 | — | — | — | |||||||||||||||||
Gain and interest income on subordinated promissory note receivable | — | — | — | (17.2 | ) | (1.4 | ) | (1.8 | ) | ||||||||||||||
Adjusted EBITDA | 984.2 | 179.3 | 60.6 | 914.2 | 155.4 | 60.6 | |||||||||||||||||
Adjusted EBITDA from acquisitions and dispositions | (9.5 | ) | (8.4 | ) | 0.6 | 0.4 | — | — | |||||||||||||||
Organic adjusted EBITDA | $ | 974.7 | $ | 170.9 | $ | 61.2 | $ | 914.6 | $ | 155.4 | $ | 60.6 |