Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Marsh & McLennan, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The earnings report is expected on April 17, 2025, with an anticipated EPS of $3.03, reflecting a +4.8% change year-over-year, and revenues projected at $7.09 billion, up 9.5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.2% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Marsh & McLennan is lower than the consensus estimate, resulting in an Earnings ESP of -1.04%, suggesting a bearish outlook [10][11]. Historical Performance - In the last reported quarter, Marsh & McLennan exceeded EPS expectations by +6.86%, and has beaten consensus EPS estimates in the last four quarters [12][13]. Conclusion - Despite the potential for an earnings beat, Marsh & McLennan does not currently appear to be a strong candidate for exceeding earnings expectations, and investors should consider other factors before making decisions [16].

Core Viewpoint - Marsh & McLennan Companies, Inc. (MMC) is experiencing sustained revenue growth, supported by a strong acquisition strategy, rate hikes, and a solid financial position [1]. Financial Performance - MMC currently holds a Zacks Rank 3 (Hold) and has seen its stock gain 8.4% year to date, outperforming the industry growth of 7.3% [2]. - The Zacks Consensus Estimate for MMC's 2025 earnings is $9.57 per share, reflecting an 8.8% increase from 2024, with revenues projected at $26.9 billion, indicating a 9.9% growth [4]. - For 2026, the earnings estimate is $10.45 per share, showing a 9.1% growth from 2025, while revenues are expected to reach $28.4 billion, a 5.5% increase from the previous year [5]. - MMC has a strong earnings surprise history, exceeding estimates in the last four quarters with an average surprise of 3.13% [6]. Return on Equity - The return on equity for MMC is currently 32.6%, surpassing the industry average of 29.5%, indicating effective utilization of shareholders' funds [7]. Business Segments and Growth Drivers - Revenue growth is driven by strong performance in both the Risk and Insurance Services and Consulting divisions, with management expecting mid-single-digit growth for 2025 [8]. - The Risk and Insurance Services segment is benefiting from new business generation, rising renewal rates, and favorable pricing trends, completing 10 acquisitions in 2024 [9]. - The Consulting division is thriving due to sustained demand for health, wealth, and career advisory services, supported by seven strategic acquisitions in the same period [10]. Acquisition Strategy - MMC is committed to an active acquisition strategy, investing $8.5 billion in acquisitions in 2024, including the notable acquisition of Arthur Hall Insurance [11]. Financial Position - The company maintains a solid financial position with healthy cash reserves and strong cash flow, allowing for strategic investments and consistent shareholder returns, with a current dividend yield of 1.4%, above the industry average of 1% [12].

Core Viewpoint - Marsh & McLennan Companies, Inc. (MMC) is strategically enhancing its regional presence through the acquisition of Arthur Hall Insurance, which will bolster its portfolio and provide clients with expanded resources and specialized knowledge [1][2][3]. Group 1: Acquisition Details - The acquisition of Arthur Hall Insurance is part of MMC's ongoing strategy to expand capabilities through targeted acquisitions, following previous acquisitions such as Acumen Solutions Group in January 2025 and McGriff Insurance Services in November 2024 [3][4]. - Arthur Hall, established in 1966, specializes in various sectors including life sciences, information management, non-profit, craft beverage manufacturing, and municipal industries, which will enhance MMC's business insurance expertise [2][3]. Group 2: Market Position and Strategy - The acquisition positions Marsh McLennan Agency (MMA) as a stronger player in the competitive insurance sector, aligning with MMC's growth strategy focused on entering new regions and diversifying into emerging industries [3][4]. - MMC's shares have gained 17.2% over the past three months, outperforming the industry growth of 17% [5].

Core Insights - Marsh & McLennan Companies, Inc. is the largest insurance broker globally, with projected revenues of $24.5 billion in 2024 [1] Company Overview - The company operates on a global scale, generating revenues from all continents [1] - In addition to insurance-related revenues, Marsh & McLennan also provides business and HR services [1]

Revenue and Business Segments - Marsh & McLennan generated over $24 billion in annual revenue, with approximately 63% from the Risk and Insurance Services segment and 37% from the Consulting segment in 2024[15][18][39]. - Marsh, as the leading insurance broker, contributed approximately 53% of the Company's total revenue in 2024, employing around 48,800 colleagues globally[20][39]. - Guy Carpenter, the reinsurance intermediary, accounted for approximately 10% of the Company's total revenue in 2024, with about 3,600 colleagues providing specialized reinsurance broking and advisory services[32][39]. - Mercer, a key player in the Consulting segment, generated approximately 23% of the Company's total revenue in 2024, with around 23,300 colleagues operating in 48 countries[40][39]. - Oliver Wyman Group generated approximately 14% of the Company's total revenue in 2024[48]. - The Risk and Insurance Services segment accounted for 63% of the Company's total revenue in 2024[174]. - The Consulting segment represented 37% of total revenue in 2024, facing risks from economic conditions and regulatory changes[181]. Employee and Talent Management - As of December 31, 2024, the Company employed more than 90,000 colleagues worldwide, including approximately 52,400 in Risk and Insurance Services and 30,500 in Consulting[67]. - The Chief People Officer is responsible for leading the development and execution of the enterprise people strategy, including talent attraction and engagement[68]. - The company emphasizes the importance of talent and inclusion, providing resources for professional development and career advancement[71]. - In 2024, Marsh McLennan offered 520 developmental workshops focused on professional skills, people management, and leadership development[72]. - Nearly 35,000 colleagues received their AI Academy credentials within six months of its launch[72]. - The company provides comprehensive health insurance and 24/7 access to Employee Assistance Programs for mental wellness support[73]. - Marsh McLennan offers competitive time-off policies, including a paid day off each year for volunteering[74]. - The total rewards package includes base pay, discretionary incentives, retirement benefits, and stock investment plans[75]. - The company is committed to enhancing colleague well-being through a comprehensive value proposition prioritizing health and work-life balance[73]. - The engagement survey expanded in 2024 to include questions on technology and the company's strategy, aiming to improve productivity[70]. Competition and Market Challenges - The Company faces significant competition in all of its businesses from providers of similar products and services, including strong competition in the consulting sector from both public corporations and private firms[62]. - The Company’s consulting businesses compete on the basis of the range, quality, and cost of services, facing competition from independent consulting firms and larger financial services firms[65]. - The company faces intense competition for talent, exacerbated by flexible working models and market dislocation from industry consolidations[132]. - The competitive landscape is evolving with increased private equity investments in Insurtech companies, focusing on technology and innovation to improve client experiences[129]. Regulatory and Compliance Risks - The Company is subject to extensive regulation under U.S. federal and state laws, as well as laws of other countries, including data privacy and financial crime laws[54]. - Compliance with privacy and data protection laws, such as GDPR and CCPA, poses potential financial and reputational risks[90]. - The company is subject to various cybersecurity regulations, including those from the New York State Department of Financial Services, which impose significant compliance costs[119]. - Regulatory scrutiny regarding environmental, social, and governance (ESG) practices is increasing, potentially leading to additional compliance costs and reputational risks[135]. - Compliance with evolving privacy and data protection laws, such as GDPR and CCPA, is critical, with potential fines reaching 4% or more of global revenue for violations[117]. Financial Performance and Risks - The company's total consolidated debt outstanding was approximately $19.9 billion as of December 31, 2024[168]. - The company's senior debt is rated A- by S&P, A3 by Moody's, and A- by Fitch, with a stable outlook[166]. - The company has significant defined benefit pension obligations totaling approximately $11.4 billion, with related plan assets of approximately $12.6 billion as of December 31, 2024[159]. - Approximately 52% of the company's total revenue reported in 2024 was generated from operations outside the U.S.[163]. - The company faces risks related to the integration of acquired businesses and potential legacy liabilities from those acquisitions[151]. - The company faces risks from geopolitical and macroeconomic conditions that could adversely affect its business and financial results[89]. - The company may experience revenue declines due to reduced commission rates from insurance companies seeking to cut expenses[177]. - Volatility in insurance premiums can significantly affect the Company's revenue and profitability, as a large portion of revenue is commission-based on premiums charged by insurers[176]. - The Company faces risks from a general decline in economic activity, which may reduce demand for insurance and reinsurance services, adversely impacting commission revenue[175]. Cybersecurity and Technology Risks - The Company has implemented a cybersecurity risk management program based on industry standards to manage risks associated with cybersecurity incidents[194]. - The company is actively investing in generative AI tools, including its internal tool LenAI, to enhance data security and mitigate associated risks[130]. - The company faces increasing risks from cyberattacks, including advanced persistent threats and the use of AI by adversaries to exploit vulnerabilities[108]. - The complexity of technologies and reliance on third-party vendors heightens the risk of security breaches, with ongoing efforts to improve data protection potentially revealing undiscovered incidents[109]. - The company may incur substantial costs to comply with regulatory requirements, which could impact its operational capabilities[101]. - The company relies on numerous third-party vendors for data handling increases the risk of supply chain attacks, as seen in high-profile breaches like the October 2023 attack on Okta[112]. Acquisitions and Growth Strategy - Marsh McLennan Agency (MMA) has acquired over 125 agencies since 2009, expanding its service offerings in business insurance and employee benefits[23]. - The company has made a total of 86 acquisitions from 2020 to 2024, including McGriff Insurance Services and Gerolamo Holding[150]. - The company collaborates across its four market-leading businesses to deliver new solutions for managing complex risks[213].

Group 1 - Zacks Premium offers various tools to help investors make informed decisions, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, aiding investors in selecting stocks likely to outperform the market [3][4] Group 2 - Each stock is rated from A to F based on its value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming [4] - The Value Score identifies attractive stocks using ratios like P/E and Price/Sales, while the Growth Score focuses on a company's financial strength and future outlook [4][5] - The Momentum Score helps investors capitalize on price trends, utilizing short-term price changes and earnings estimate shifts [6] Group 3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [7] - The Zacks Rank employs earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] Group 4 - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [11] - The direction of earnings estimate revisions is crucial when selecting stocks, as stocks with lower ranks may still decline despite high Style Scores [12] Group 5 - Marsh & McLennan Companies Inc. is a leading global insurance broker with a Zacks Rank of 3 (Hold) and a VGM Score of B [13] - The company is projected to have a year-over-year earnings growth of 7.4% for the current fiscal year, with upward revisions in earnings estimates from analysts [14]

Marsh & McLennan Companies, Inc. (MMC) reported fourth-quarter 2024 adjusted earnings per share of $1.87, which beat the Zacks Consensus Estimate by 6.9%. The bottom line increased 11% year over year. See the Zacks Earnings Calendar to stay ahead of market-making news.Consolidated revenues rose 9.4% year over year to $6.1 billion. The figure also improved 7% on an underlying basis. The top line surpassed the consensus mark by 2.5%.The strong quarterly earnings benefited from strong United States/Canada and ...

For the quarter ended December 2024, Marsh & McLennan (MMC) reported revenue of $6.07 billion, up 9.2% over the same period last year. EPS came in at $1.87, compared to $1.68 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.92 billion, representing a surprise of +2.54%. The company delivered an EPS surprise of +6.86%, with the consensus EPS estimate being $1.75.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Marsh & McLennan (MMC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.86%. A quarter ago, it was expected that this global professional services firm providing strategy, risk and people solutions would post earnings of $1.61 per share when it actually produced earnings of $1.63, de ...

Marsh McLennan 1166 Avenue of the Americas New York, New York 10036-2774 212 345 5000 www.marshmclennan.com News release Exhibit 99.1 Marsh McLennan reports strong fourth quarter and full-year 2024 results NEW YORK, January 30, 2025 – Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2024. John Doyle, President and CEO, said: "Our fourth quarter results capp ...