Marsh McLennan reports steady net income in Q3 2025

Core Insights - Marsh McLennan reported stable net income of $747 million in Q3 2025, unchanged from the previous year, with diluted net income per share also stable at $1.51 [1] - The company experienced significant growth in investment income, which rose to $15 million from $1 million year-over-year [1] - Operating income increased by 6% to $1.17 billion, while consolidated revenue grew by 11% to $6.4 billion compared to Q3 2024 [1] Revenue Breakdown - Revenue for the Risk & Insurance Services division increased by 13% to $3.9 billion, with Marsh contributing $3.4 billion, a 16% rise [2] - Guy Carpenter's revenue for the quarter was $398 million, marking a 5% increase [2] - The Consulting division reported a 9% increase in revenue to $2.5 billion [2] Year-to-Date Performance - For the nine-month period ending September 30, 2025, consolidated revenue reached $20.4 billion, an 11% increase, with operating income at $5 billion, a 7% rise from the previous year [3] - Net income attributable to the company for the first nine months of 2025 was $3.33 billion, compared to $3.27 billion in 2024 [3] Strategic Initiatives - Marsh McLennan announced a rebranding strategy to operate under the name Marsh starting January 2026, aimed at fostering innovation and efficiency [3][4] - All four business divisions will adopt the Marsh brand by 2027, with the stock ticker changing from 'MMC' to 'MRSH' in January 2026 [4]