Marsh & McLennan Companies, Inc.'s (MMC) business, Oliver Wyman, recently released a report, 'Why Generative AI Is a Game Changer for Leisure Travel,' highlighting AI's role in transforming how travelers plan vacations. It surveyed nearly 2,100 customers in Canada and the United States in March 2024. Highlights from the report are expected to aid Oliver Wyman in enhancing its offerings for its clients. Per the report, AI's role in itinerary planning and trip inspiration has increased as 41% of Canadians and ...

NEW YORK, May 24, 2024 /PRNewswire/ -- Generative artificial intelligence (AI) has rapidly gained traction in leisure travel transforming the way consumers approach vacation planning just in time for summer, according to a new report from consulting firm Oliver Wyman, a business of Marsh McLennan (NYSE: MMC). The report, titled, Why Generative AI Is a Game Changer for Leisure Travel found that 41% of Americans and Canadians surveyed have used generative AI for either trip inspiration or itinerary planning, ...

Marsh & McLennan Companies, Inc. (MMC) is well-poised for growth on the back of sustained demand for its products, new business growth, frequent acquisitions and a commendable financial position. Zacks Rank & Price Rally Marsh & McLennan currently carries a Zacks Rank #3 (Hold). The stock has gained 16.8% in the past year compared with the industry's 10.5% rise. Rising Estimates The Zacks Consensus Estimate for Marsh & McLennan's 2024 earnings is pegged at $8.71 per share, indicating a 9% increase from the ...

JHVEPhoto/iStock Editorial via Getty Images Marsh & McLennan Companies (NYSE:MMC) is a global professional services corporation with businesses spanning insurance brokerage, risk management, human resources, investment advisory, management consulting, and reinsurance, among others. The firm primarily conducts its operations through four primary businesses; Marsh, which provides insurance brokerage and risk management services; Guy Carpenter, which comprises MMC's reinsurance business; Mercer, representi ...

Risk analysis conducted by the newly formed National Commission on Climate and Workforce Health highlights need to bolster people, business, and economic resilience CEOs acknowledge extreme weather will be one of the most critical threats to their businesses in the next year. Yet only 17% of CEOs have invested in strategies to better protect employees from climate health risks. Exposure to more frequent extreme heat, poor air quality and unprecedented weather events directly impacts physical and mental heal ...

16 8. Acquisitions and Dispositions The Company's acquisitions have been accounted for as business combinations. Net assets and results of operations are included in the Company's consolidated financial statements commencing at the respective purchase closing dates. In connection with acquisitions, the Company records the estimated values of the net tangible assets and the identifiable intangible assets purchased, which typically consist of customer relationships, developed technology, trademarks and non-co ...

Marsh & McLennan Companies, Inc. (MMC) reported first-quarter 2024 adjusted earnings per share of $2.89, which surpassed the Zacks Consensus Estimate by 3.6%. The bottom line improved 14% year over year. Its shares gained 2.7% in the pre-market trading session to reflect the outperformance.Consolidated revenues of $6.5 billion advanced 9% year over year in the quarter under review. The figure also rose 9% on an underlying basis. Also, the top line beat the consensus mark by 1.5%.The quarterly results were a ...

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q1 2024 Earnings Conference Call April 18, 2024 8:30 PM ET Company Participants John Doyle - President & Chief Executive Officer Mark McGivney - Chief Financial Officer Martin South - Chief Executive Officer, Marsh Dean Klisura - Chief Executive Officer, Guy Carpenter Nick Studer - Chief Executive Officer, Oliver Wyman Pat Tomlinson - Chief Executive Officer, Mercer Conference Call Participants David Motemaden - Evercore ISI Jimmy Bhullar - JPMorgan Elyse Greenspa ...

Marsh & McLennan (MMC) reported $6.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.3%. EPS of $2.89 for the same period compares to $2.53 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.38 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of +3.58%, with the consensus EPS estimate being $2.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Marsh's revenue in the first quarter of 2024 was $3.0 billion, an increase of 9%, or 8% on an underlying basis. In U.S./Canada, underlying revenue rose 8%. International operations produced underlying revenue growth of 8%, reflecting 9% growth in EMEA, 8% growth in Latin America, and 6% growth in Asia Pacific. Guy Carpenter's revenue in the first quarter was $1.1 billion, an increase of 7%, or 8% on an underlying basis. Consulting Consulting revenue was $2.2 billion in the first quarter of 2024, an increase ...