Marsh & McLennan Companies, Inc.'s (MMC) business, Marsh McLennan Agency ("MMA"), recently inked a deal to acquire McGriff Insurance Services, LLC for $7.75 billion in cash. The acquiree is a US-based provider of insurance broking and risk management services. Its revenues for the trailing 12 months ended June 30, 2024, amounted to $1.3 billion. This move bodes well for MMC as it will enhance its position in the U.S. insurance market by enhancing its capabilities across commercial property and casualty, emp ...

Marsh & McLennan Companies, Inc. (MMC) is one of the major insurance brokers with a diversified set of businesses and an expanding geographical footprint. With a market cap of $109.8 billion, the company's strong international operations and growing Risk and Insurance Services segment are major tailwinds. Investors can go with this insurance giant to reduce risk in their portfolios. Shares of Marsh & McLennan have jumped 18.4% in the year-to-date period, outperforming the S&P 500 Index's 17.8% growth. It ha ...

Investors might want to bet on Marsh & McLennan (MMC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual inve ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from________ to________. ____________________________________________ Marsh & McLennan ...

Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis. The top line, however, fell short of the consensus mark by 1%. Total operating expenses of $4.58 billion increased 3.6% year over year but were lower than our estimate of $4.62 billion. The year-over-year increase was due to higher compensation and benefits costs. Expenses of the Risk and Insurance Services segment escalated 6.2% year over year while the Consulting segment's expenses inched up 1 ...

Marsh McLennan reported second-quarter earnings and sales below Wall Street's estimates. Revenue grew in both the company's insurance and consulting divisions. The company's shares fell Thursday, but remain up some 15% this year. The company posted earnings per share (EPS) of $2.27 on revenue of $6.2 billion, compared to analysts' expectations of $2.36 per share on revenue of $6.3 billion, according to Visible Alpha. Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com ...

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q2 2024 Earnings Call Transcript July 18, 2024 8:30 AM ET Company Participants John Doyle - President and CEO Mark McGivney - CFO Nick Studer - President & CEO, Oliver Wyman Group Martin South - President & CEO, Marsh Pat Tomlinson - President & CEO, Mercer Dean Klisura - President & CEO, Guy Carpenter Conference Call Participants David Motemaden - Evercore ISI Jimmy Bhullar - JPMorgan Elyse Greenspan - Wells Fargo Scott Heleniak - RBC Capital Markets Michael Zare ...

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 ...

Marsh & McLennan Companies, Inc. (MMC) is set to report its second-quarter 2024 results on Jul 18, before the opening bell. The Zacks Consensus Estimate for second-quarter earnings per share (EPS) of $2.39 is indicative of an 8.6% increase from the year-ago quarter's reported earnings of $2.20 per share. The estimate was revised upward, resulting in an increase of 1 cent from $2.38 per share. The consensus estimate for revenues is pegged at $6.3 billion, indicating a rise of 6.9% from the year-ago quarter's ...