MMC's Unit Enhances Offerings With Acumen Solutions Acquisition

Acquisition and Strategic Growth - Marsh McLennan Agency (MMA) acquired Acumen Solutions Group LLC, a full-service insurance agency specializing in construction, real estate, and aviation sectors, to deepen expertise and expand its client base [1] - The acquisition strengthens MMA's presence in the Northeast market and enriches its service portfolio, leveraging Acumen's specialized knowledge and Marsh McLennan's resources [2] - This move positions MMA as a stronger player in the competitive insurance sector, following the acquisition of McGriff Insurance Services in November 2024, which enhanced capabilities in the middle-market segment [3] - Acquisitions are a key pillar of Marsh & McLennan's growth strategy, with $1 billion spent on acquisitions in the first nine months of 2024, up from $619 million in the prior-year period [4] Financial Performance and Market Position - Marsh revenues grew 9% year over year in the third quarter of 2024, driven by strategic acquisitions and enhanced service offerings [2] - Shares of Marsh & McLennan gained 10.4% in the past year, underperforming the industry's 27.3% growth [5] Industry Comparison and Peer Performance - Horace Mann Educators Corporation (HMN) is expected to see a 66.2% rise in 2024 earnings and a 7.6% improvement in revenues, with an average earnings surprise of 4.6% in the last four quarters [8] - Brown & Brown, Inc. (BRO) is projected to achieve a 33.1% increase in 2024 earnings and an 11.2% rise in revenues, with an average earnings surprise of 6.87% in the last four quarters [9] - Radian Group Inc. (RDN) is anticipated to experience a 3.1% growth in 2024 earnings and a 6.4% improvement in revenues, with an average earnings surprise of 17.65% in the last four quarters [10]