NOTE 22  Segment Reporting We currently operate through the following three business segments: Global Wealth Management, Institutional Group, and various corporate activities combined in the Other segment. Our Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group includes branch offices and independent contractor offices of our broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to their clients through our bank subsidiaries, which provide residential, consumer, and commercial lending, as well as FDIC-insured deposit accounts to customers of our private client group and to the general public. The Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions, with an emphasis on the sale of equity and fixed income products. This segment also includes the management of and participation in underwritings for both corporate and public finance (exclusive of sales credits generated through the private client group, which are included in the Global Wealth Management segment), merger and acquisition, and financial advisory services. The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held, amortization of stock-based awards, and all unallocated overhead cost associated with the execution of orders; processing of securities transactions; custody of client securities; receipt, identification, and delivery of funds and securities; compliance with regulatory and legal requirements; internal financial accounting and controls; and general administration and acquisition charges. Information concerning operations in these segments of business for the three and six months ended June 30, 2020 and 2019 is as follows (in thousands) : Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net revenues: (1) Global Wealth Management $ 505,782 $ 532,433 $ 1,088,738 $ 1,043,043 Institutional Group 398,096 270,602 730,334 531,888 Other (8,061 ) (2,248 ) (10,221 ) (3,724 ) $ 895,817 $ 800,787 $ 1,808,851 $ 1,571,207 Income/(loss) before income taxes: Global Wealth Management $ 156,325 $ 192,352 $ 350,492 $ 386,842 Institutional Group 83,049 39,302 124,789 71,506 Other (96,414 ) (83,672 ) (217,215 ) (172,557 ) $ 142,960 $ 147,982 $ 258,066 $ 285,791 (1) No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2020 or 2019. The following table presents our companys total assets on a segment basis at June 30, 2020 and December 31, 2019 (in thousands) : June 30, 2020 December 31, 2019 Global Wealth Management $ 21,731,803 $ 20,675,580 Institutional Group 3,629,353 3,668,723 Other 263,069 265,922 $ 25,624,225 $ 24,610,225 We have operations in the United States, United Kingdom, Europe, and Canada. The Companys foreign operations are conducted through its wholly owned subsidiaries, SNEL and SNC. Substantially all long-lived assets are located in the United States. Revenues, classified by the major geographic areas in which they are earned for the three and six months ended June 30, 2020 and 2019, were as follows (in thousands) : Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 United States $ 810,903 $ 754,470 $ 1,671,035 $ 1,495,700 United Kingdom 63,654 43,761 101,392 70,151 Other 21,260 2,556 36,424 5,356 $ 895,817 $ 800,787 $ 1,808,851 $ 1,571,207