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 ...

| | | | | | | Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 | | | | | | | Q1 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue Growth (organic) | 6% | 13% | 13% | 10% | 10% | 10% | 8% | 7% | 9% | 11% | 10% | 7% | 9% | | Currency effect | 4% | 4% | 2% | 2% | -2% | 1 | -5% | -5% | -3% | -1% | 1% | 195 | 0% | | M&A effect | -1% | 2% | 1% | 3% | 1% | 1% | 0% | 1% | 1% | -1% | 2% | 2% | 1% | | Revenue G ...

Marsh & McLennan Companies, Inc.'s (MMC) Marsh McLennan Agency ("MMA"), a division of MMC's Marsh business, recently closed the buyout of Mississippi-based Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE). An agreement to acquire FBBINSURANCE was inked by MMA with Trustmark National Bank in April and was completed within the targeted timeline of the second quarter of 2024. Per the terms of the deal, Marsh McLennan Agency will pay a cash consideration of $315.9 million, subject to customary purchase pric ...

Marsh & McLennan Companies, Inc. (MMC) unit Marsh recently acquired Texas-based Perkins Insurance Agencies through its Marsh McLennan Agency subsidiary. The acquiree offers commercial property and casualty and personal lines coverage to businesses, families, non-profits and others in West Texas. Perkins Insurance, established in 1977, has developed specialized expertise in the farm and ranch, oil and gas, restaurant and trucking sectors. Financial terms of the deal are yet to be disclosed. Employees of the ...

Core Insights - The report by Oliver Wyman emphasizes the transformative impact of generative AI on leisure travel planning, indicating a growing reliance on AI tools among travelers [1][2] Industry Trends - The use of AI for itinerary planning and trip inspiration has risen to 41% among Canadians and Americans, up from 34% in August 2023, showcasing a significant trend towards AI integration in travel [2] - Online travel agencies (OTAs) have a potential opportunity to increase their booking share by up to 17 percentage points by 2029 if they invest in AI capabilities, which could lead to over $2 billion in commission revenues from suppliers [2] Company Performance - Oliver Wyman's revenues reached $789 million, reflecting a 13% increase on an underlying basis in Q1 2024, indicating strong performance and growth potential [3] - The report may facilitate partnerships with travel companies, enhancing Oliver Wyman's advisory business and attracting new clients [3] Consumer Behavior - A significant 82% of travelers using AI tools are expected to continue using them in the future, highlighting the growing acceptance and reliance on AI in travel planning [5] - The survey revealed that 59% of travelers under 45 and 31% of those over 45 are utilizing AI tools for travel planning, indicating a broad demographic engagement with AI [6] - Over 90% of travelers use AI for booking travel plans, with 44% booking activities and 43% using AI for dining suggestions, demonstrating the extensive application of AI in various aspects of travel [6]

Core Insights - Generative AI is transforming leisure travel planning, with a significant increase in usage among consumers just ahead of summer [1][2] Consumer Adoption - 41% of surveyed Americans and Canadians have utilized generative AI for trip inspiration or itinerary planning, up from 34% in August 2023 [2] - 82% of travelers who used generative AI tools are likely to use them again for future travel plans [6] - Younger travelers under 45 years old show a higher adoption rate at 59%, while 31% of travelers aged 45 and older also use these tools [6] Market Potential - Online travel agencies (OTAs) could increase their share of the US online travel market by up to 17 percentage points by 2029 if travel suppliers do not invest in generative AI capabilities, potentially generating over $2 billion in additional commissions for OTAs [2] Consumer Satisfaction - Over three-quarters of consumers are satisfied with the travel recommendations provided by generative AI tools, leading to high conversion rates for bookings based on AI suggestions [6] - 44% of users who booked generative AI-produced travel plans followed through with booking specific activities, and 43% booked dining suggestions recommended by the tool [6] Loyalty and Engagement - 45% of elite loyalty members of travel brands have recently used generative AI for trip planning, indicating a strong affinity for these tools among loyal customers [6] - Generative AI is particularly popular among cruise travelers, with 54% of respondents who have taken a cruise since 2022 using it for travel planning [6]

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 ...