Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis. The top line, however, fell short of the consensus mark by 1%. Total operating expenses of $4.58 billion increased 3.6% year over year but were lower than our estimate of $4.62 billion. The year-over-year increase was due to higher compensation and benefits costs. Expenses of the Risk and Insurance Services segment escalated 6.2% year over year while the Consulting segment's expenses inched up 1 ...

Marsh McLennan reported second-quarter earnings and sales below Wall Street's estimates. Revenue grew in both the company's insurance and consulting divisions. The company's shares fell Thursday, but remain up some 15% this year. The company posted earnings per share (EPS) of $2.27 on revenue of $6.2 billion, compared to analysts' expectations of $2.36 per share on revenue of $6.3 billion, according to Visible Alpha. Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com ...

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q2 2024 Earnings Call Transcript July 18, 2024 8:30 AM ET Company Participants John Doyle - President and CEO Mark McGivney - CFO Nick Studer - President & CEO, Oliver Wyman Group Martin South - President & CEO, Marsh Pat Tomlinson - President & CEO, Mercer Dean Klisura - President & CEO, Guy Carpenter Conference Call Participants David Motemaden - Evercore ISI Jimmy Bhullar - JPMorgan Elyse Greenspan - Wells Fargo Scott Heleniak - RBC Capital Markets Michael Zare ...

Marsh & McLennan (MMC) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.84%. A quarter ago, it was expected that this global professional services firm providing strategy, risk and people solutions would post earnings of $2.79 per share when it actually produced earnings of $2.89, d ...

Exhibit 99.1 NEWS RELEASE Marsh McLennan 1166 Avenue of the Americas New York, New York 10036-2774 212 345 5000 www.marshmclennan.com MARSH McLENNAN REPORTS SECOND QUARTER 2024 RESULTS GAAP Revenue Increases 6%; Underlying Revenue Rises 6% Growth in GAAP Operating Income of 13% and Adjusted Operating Income of 11% Second Quarter GAAP EPS Rises 10% to $2.27 and Adjusted EPS Increases 10% to $2.41 Six Months GAAP EPS Rises 12% to $5.08 and Adjusted EPS Increases 12% to $5.30 NEW YORK, July 18, 2024 – Marsh Mc ...

Marsh & McLennan Companies, Inc. (MMC) is set to report its second-quarter 2024 results on Jul 18, before the opening bell. The Zacks Consensus Estimate for second-quarter earnings per share (EPS) of $2.39 is indicative of an 8.6% increase from the year-ago quarter's reported earnings of $2.20 per share. The estimate was revised upward, resulting in an increase of 1 cent from $2.38 per share. The consensus estimate for revenues is pegged at $6.3 billion, indicating a rise of 6.9% from the year-ago quarter's ...

Global professional services firm Marsh & McLennan Companies, Inc. (MMC) recently announced a significant increase in its quarterly cash dividend. On Jul 10, 2024, its board of directors revealed a 15% hike in the quarterly cash dividend, raising it from 71 cents to 81.5 cents per share. The new dividend will be payable on Aug 15, 2024, to shareholders of record as of Jul 25. YTD Price Performance For income-focused investors, the increased dividend provides a higher yield. But is this the right time to buy ...

NEW YORK, July 11, 2024 /PRNewswire/ -- The CEOs of New York Stock Exchange-listed companies are focused on the growth opportunities that lie ahead, overwhelmingly led by artificial intelligence and followed by major strategic initiatives such as mergers and acquisitions and disruptive new business models, according to a new survey, "The New Growth Agenda: How CEOs are Navigating Emerging Shifts in Geopolitics, Trade, Technology, and People," conducted by the Oliver Wyman Forum. Three-quarters (75%) of the ...

Horton seems to be a prudent pick by MMA since it has been providing property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals in Indiana, Illinois, Wisconsin, Minnesota and Florida for more than five decades. The sub-unit Marsh, through MMA, remains quite active throughout the year with respect to the acquisition spree and therefore, requires a special mention. MMA delivers business insurance, employee health and benefits, retirement and weal ...

The combination of Oliver Wyman and Veritas will provide commodity trading businesses with an unparalleled level of trading optimization expertise. With market complexity transforming the industry, today's commodity trading businesses need to leverage the latest insights and technologies to remain competitive. Veritas extends Oliver Wyman's capabilities to provide end-to-end trading advisory and systems implementation. For more information, visit www.oliverwyman.com, and for additional information about Oli ...