Marsh & McLennan (MMC) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.84%. A quarter ago, it was expected that this global professional services firm providing strategy, risk and people solutions would post earnings of $2.79 per share when it actually produced earnings of $2.89, d ...

Exhibit 99.1 NEWS RELEASE Marsh McLennan 1166 Avenue of the Americas New York, New York 10036-2774 212 345 5000 www.marshmclennan.com MARSH McLENNAN REPORTS SECOND QUARTER 2024 RESULTS GAAP Revenue Increases 6%; Underlying Revenue Rises 6% Growth in GAAP Operating Income of 13% and Adjusted Operating Income of 11% Second Quarter GAAP EPS Rises 10% to $2.27 and Adjusted EPS Increases 10% to $2.41 Six Months GAAP EPS Rises 12% to $5.08 and Adjusted EPS Increases 12% to $5.30 NEW YORK, July 18, 2024 – Marsh Mc ...

Core Viewpoint - Marsh & McLennan Companies, Inc. (MMC) is expected to report its second-quarter 2024 results on July 18, with earnings per share (EPS) estimated at $2.39, reflecting an 8.6% increase from the previous year's $2.20 [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for revenues is projected at $6.3 billion, indicating a 6.9% rise from the prior year's figure [2]. - The Risk and Insurance Services segment is anticipated to see a revenue increase of 7.2% from $3.7 billion in the prior year, with adjusted operating income expected to rise by 7.2% from $1.2 billion [8]. - The Consulting segment is expected to grow approximately 5.8% from $2.2 billion, with Oliver Wyman's revenues projected to increase by 7.5% year-over-year [9][10]. Segment Performance Drivers - Strong performance in the Risk and Insurance Services and Consulting segments is expected to drive overall revenue growth, supported by new business growth and a favorable renewal environment [6][7]. - The Wealth and Health operations within the Mercer sub-unit are likely to benefit from positive net flows and improving assets under management, contributing to the overall growth [10]. Challenges and Considerations - Higher operating expenses are projected to increase by 4.5% year-over-year, which may impact overall profitability [11]. - Factors such as decreasing rates in workers' compensation and declining cyber pricing could negatively affect the second-quarter results [11]. Stock Performance - Marsh & McLennan's stock has increased by 15.7% year-to-date, outperforming the industry growth of 13.8% and the sector's increase of 9.2%, but underperforming the S&P 500 index, which rose by 18.2% [12]. Conclusion - Despite the anticipated strong segment performances and strategic acquisitions, rising expenses and inflation necessitate close monitoring of the upcoming earnings results [13].

Global professional services firm Marsh & McLennan Companies, Inc. (MMC) recently announced a significant increase in its quarterly cash dividend. On Jul 10, 2024, its board of directors revealed a 15% hike in the quarterly cash dividend, raising it from 71 cents to 81.5 cents per share. The new dividend will be payable on Aug 15, 2024, to shareholders of record as of Jul 25. YTD Price Performance For income-focused investors, the increased dividend provides a higher yield. But is this the right time to buy ...

NEW YORK, July 11, 2024 /PRNewswire/ -- The CEOs of New York Stock Exchange-listed companies are focused on the growth opportunities that lie ahead, overwhelmingly led by artificial intelligence and followed by major strategic initiatives such as mergers and acquisitions and disruptive new business models, according to a new survey, "The New Growth Agenda: How CEOs are Navigating Emerging Shifts in Geopolitics, Trade, Technology, and People," conducted by the Oliver Wyman Forum. Three-quarters (75%) of the ...

Group 1 - The acquisition of Veritas Total Solutions by Oliver Wyman enhances its capabilities in trading optimization for commodity trading businesses, addressing the increasing complexity in the market [1][4] - Veritas brings expertise in risk, systems, analytics, and AI, allowing Oliver Wyman to offer comprehensive trading advisory and systems implementation services [1][4] - The Veritas team will operate from Houston, Texas, a significant hub for the energy sector, further strengthening Oliver Wyman's presence in the industry [5] Group 2 - Oliver Wyman is a global leader in management consulting, with a presence in over 70 cities across 30 countries, employing 7,000 professionals [8] - The firm specializes in strategy, operations, risk management, and organizational transformation, aiming to optimize business performance and capitalize on opportunities [8]

The Zacks Consensus Estimate for Brown & Brown's current-year earnings is pegged at $3.51 per share, which indicates 24.9% year-over-year growth. It has witnessed five upward estimate revisions against none in the opposite direction during the past month. BRO beat earnings estimates in each of the past four quarters, with an average surprise of 11.9%. The consensus mark for ROOT's current-year earnings indicates a 35.6% year-over-year improvement. It beat earnings estimates in all the past four quarters, wi ...

The bottom line of Allstate outpaced earnings estimates in three of the last four quarters and missed the mark once, the average surprise being 41.88%. The Zacks Consensus Estimate for ALL's 2024 earnings is pegged at $15.13 per share, which indicates a nearly 16-fold increase from the prior-year figure. The consensus mark for revenues implies a year-over-year improvement of 9.4%. The consensus mark for Allstate's earnings has moved 2% north in the past 30 days. The global management consulting arm of Marsh ...

"Partnering with Oliver Wyman, we've seen the amazing transformations our teams can deliver for clients. Officially becoming an Oliver Wyman business will help us expand our footprint to deliver even greater impact for clients across the globe and provide more opportunities for our team members," said August Al-Uqdah, Partner and Co-Founder of Veritas. "We are excited for the next steps of our journey." Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 c ...

Core Viewpoint - Marsh & McLennan is strategically positioned in high-growth areas such as digital, climate resilience, sustainability, cyber, and affordable healthcare, which are expected to drive revenue growth and margin expansion in FY24 [1][4][16] Financial Performance - In Q1 FY24, Marsh & McLennan achieved 9% organic revenue growth and 14% adjusted EPS growth, with risk and insurance services growing 9% year-over-year [2][4] - The company anticipates a 9% organic revenue growth for FY24, driven by strong performance in its risk and insurance business and new growth areas [6][7] Market Trends - The US P&C insurance premiums are projected to grow by 8% in 2024, following a 9.3% growth in 2023, influenced by inflation and rising management costs [4][5] - The global cyber insurance market is expected to grow from $14 billion in 2023 to $29 billion by 2027, indicating a CAGR of 17.8% [10] Margin Expansion - Marsh & McLennan has been shifting its revenue mix towards higher-margin businesses, contributing to margin expansion over time [9][12] - The company is expected to continue benefiting from operating leverage in compensation and SG&A expenses, projecting a 20 basis points margin expansion [12] Valuation - The fair value price of Marsh & McLennan is estimated at $220 per share, based on discounted future free cash flows and net debt adjustments [13][16]