Revenue and Financial Performance - Mercer generated approximately 24% of the Company's total revenue in 2023[40] - Oliver Wyman Group generated approximately 14% of the Company's total revenue in 2023[48] - Receivables for commissions and fees as of December 31, 2023, were approximately $5.8 billion, representing about one-quarter of the company's total annual revenues[153] - The company's total consolidated debt outstanding as of December 31, 2023, was approximately $13.5 billion[165] - Approximately 53% of the company's total revenue in 2023 was generated from operations outside the U.S.[168] - The Risk and Insurance Services segment represented 62% of the company's total revenue in 2023[170] - The Consulting segment represented 38% of the company's total revenue in 2023[176] - Other compensation from insurance companies, separate from retail fees and commissions, represented approximately 6% of Marsh's revenue in 2023[175] Business Operations and Market Presence - Mercer and its global affiliates had assets under management of approximately $420 billion worldwide as of December 31, 2023[44] - Mercer has approximately 24,500 colleagues based in 48 countries[40] - Oliver Wyman Group has more than 6,800 professionals and offices in over 30 countries[48] - Mercer provides consulting and actuarial services to U.S. state governments for healthcare purchase through state Medicaid programs[42] - Mercer's Wealth business assists clients worldwide in the design, governance, and risk management of retirement plans and other asset pools[42] - Oliver Wyman Group's NERA Economic Consulting provides economic analysis and advice to public and private entities on complex business and legal issues[51] Risks and Challenges - The Company's Risk and Insurance Services segment is subject to significant uninsured exposures arising from errors and omissions and breach of fiduciary duty claims[97] - The Company faces risks related to public and private capital market fluctuations, third-party asset managers, and regulatory compliance in Mercer's Wealth business[94] - Compliance with U.S. and foreign laws and regulations requires significant resources and may increase costs, negatively impact revenues, or impose operational limitations on the company[100] - The company faces potential legal and regulatory liabilities from acquired companies, as outlined in Note 16 of the consolidated financial statements[103] - Cybersecurity risks, including data breaches and system vulnerabilities, could result in significant financial and reputational harm[106][109] - The company is subject to evolving privacy and data protection laws, such as GDPR and CCPA, which could lead to regulatory scrutiny, fines, and reputational damage[115][117] - The company relies on third-party vendors for technology and support, and failures by these vendors could disrupt operations and harm the business[124][144] - The company faces intense competition for talent, which could impact its ability to attract and retain key employees[129] - Increasing scrutiny of ESG practices and disclosures may impose additional costs and expose the company to new risks[132][134] - The competitive landscape is evolving, with competitors potentially having greater financial resources or technological advantages[138][141] - The company's goodwill and intangible assets are significant, and any impairment could materially affect its financial results[150] - The company is exposed to risks from geopolitical conflicts, such as the war in Ukraine, which may result in new trade sanctions and increased operational limitations[100] - Mercer's Wealth business faces risks including market fluctuations, third-party dependencies, and regulatory compliance, which could significantly damage the business[177] - Mercer's Investments business is exposed to risks such as litigation, market volatility, and potential greenwashing accusations, which could lead to significant liability[177] - Clients reducing consulting expenses during economic downturns may adversely affect Mercer's revenues and profitability[179] - Defined benefit pension plan clients freezing or curtailing plans could lead to reduced revenue for Mercer's retirement business[182] - Mercer's actuarial services involve complex assumptions and estimates, which could lead to client dissatisfaction and claims[182] - Declining utilization rates for consulting professionals could negatively impact Mercer's revenues and profitability[185] Cybersecurity and Risk Management - Mercer's cybersecurity risk management program involves cross-functional teams to mitigate risks, including third-party vendor risks[188] - The Board of Directors oversees Mercer's risk management, including cybersecurity, with regular updates from management[191] - No material cybersecurity threats or incidents were identified in 2023, but risks cannot be entirely eliminated[194] Financial Market and Regulatory Exposure - The company's senior debt is rated A- by S&P, A3 by Moody's, and A- by Fitch, with a Stable outlook[163] - The company is exposed to exchange rate fluctuations due to 53% of its total revenue being generated from non-U.S. operations[160] - The company's defined benefit pension plan obligations are sensitive to financial market changes, which could cause significant fluctuations in earnings and cash flow[156][159] - The company's effective tax rate may fluctuate due to the current U.S. tax regime, including provisions like GILTI and BEAT[167]

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the completion of its acquisition of SeaTec Consulting Inc. SeaTec will join CAVOK, a division of Oliver Wyman, focused on aviation services. For more than 20 years SeaTec has been a leading provider of consulting, engineering, and digital expertise across the aviation, aerospace and defense, and transportation industries. SeaTec's deep industry knowledge ...

Marsh & McLennan Companies, Inc. (MMC) has reported fourth-quarter 2023 adjusted earnings per share of $1.68, which beat the Zacks Consensus Estimate by 5%. The bottom line rose 14% year over year.Consolidated revenues improved 11% year over year to $5.6 billion in the quarter under review. The figure increased 7% on an underlying basis. Also, the top line outpaced the consensus mark by a whisker.The quarterly results have benefited from strong contributions from the Risk and Insurance Services, and Consult ...

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q4 2023 Earnings Conference Call January 25, 2024 8:30 AM ET Company Participants John Doyle - President & CEO Mark McGivney - CFO Martin South - President & CEO, Marsh Dean Klisura - President & CEO, Guy Carpenter Nick Studer - President & CEO, Oliver Wyman Group Martine Ferland - President & CEO, Mercer Sarah DeWitt - Head of IR Conference Call Participants Elyse Greenspan - Wells Fargo Jimmy Bhullar - J.P. Morgan Michael Zaremski - BMO Capital Markets David Mot ...

For the quarter ended December 2023, Marsh & McLennan (MMC) reported revenue of $5.55 billion, up 10.6% over the same period last year. EPS came in at $1.68, compared to $1.47 in the year-ago quarter.The reported revenue represents a surprise of +0.62% over the Zacks Consensus Estimate of $5.52 billion. With the consensus EPS estimate being $1.60, the EPS surprise was +5.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Marsh & McLennan (MMC) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this global professional services firm providing strategy, risk and people solutions would post earnings of $1.38 per share when it actually produced earnings of $1.57, deliv ...

Investors are always looking for stocks that are poised to beat at earnings season and Marsh & McLennan Companies, Inc. (MMC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marsh & McLennan is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...

Analysts on Wall Street project that Marsh & McLennan (MMC) will announce quarterly earnings of $1.60 per share in its forthcoming report, representing an increase of 8.8% year over year. Revenues are projected to reach $5.52 billion, increasing 9.9% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estim ...

Marsh & McLennan Companies, Inc. (MMC) is poised to continue its earnings beat streak in the fourth quarter of 2023. The results are scheduled to be released on Jan 25, before the opening bell.What do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) of $1.60 is indicative of an 8.8% increase from the year-ago quarter’s reported earnings of $1.47 per share. The consensus estimate for revenues is pegged at $5.5 billion, suggesting a rise of 9.9% from the year-ago quar ...

Shares of Marsh & McLennan Companies, Inc. (MMC) have jumped 14% in the past year compared with the 11.1% increase of the industry, courtesy of strong international operations of the Marsh business and contributions from the Consulting unit in the form of expanding Wealth, Health and Career solutions.Headquartered in New York, Marsh & McLennan is a leading insurance broker. MMC has a market cap of $96.6 billion and operates in 130 countries. Its strong Risk and Insurance Services segment and a highly active ...