Marsh & McLennan Companies(NYSE) MMC

Marsh & McLennan Companies NYSE:MRSH helps businesses manage risks and protect assets. It advises organizations on insurance, benefits, and strategic management. These services help clients solve complex global problems.

A Guide to the Business

• Risk and Insurance Services: Operates through Risk and Reinsurance units to provide insurance brokerage and risk management; accounted for $4.2 billion in revenue in the third quarter of 2026.
• Consulting: Provides advice on health plans, retirement programs, and management strategies through People and Investments and Management Consulting; accounted for $2.7 billion in revenue in the third quarter of 2026.
• Reinsurance: Provides insurance for insurance companies through specialized advisory and actuarial services, which use math to assess risk.
• Management Consulting: Delivers strategic and economic advice to various industries and government entities.
• People and Investments: Helps organizations shape the future of work and improve retirement outcomes through advice and financial products.

Growing the Global Footprint

• Updated its brand name to Marsh in Jan. 2026 to simplify its global market identity.
• Launched the Thrive program in 2025 to improve efficiency and brand strategy over a three-year period.
• Acquired the remaining 60% of Spain-based insurance broker Deasterra Partners in July 2026.
• Completed eight total acquisitions during the first nine months of 2026 for a total of $550 million.
• Established Business Client Services to centralize investments in artificial intelligence and data analytics across all business units.

What Makes the Firm Unique

Marsh advises clients in 130 countries and maintains a global network of 95,000 employees. It uses its distinct specialized brands to provide both local market expertise and global scale to international organizations.

The Numbers for 2026

• Consolidated revenue was $6.9 billion in the third quarter of 2026, up 8% year over year.
• Consolidated operating income reached $1.2 billion for the quarter ended Sept. 30, 2026, up 4% year over year.
• The company repurchased 11.4 million shares of its common stock for $2.0 billion during the first nine months of 2026.
• Operating expenses for the nine months ended Sept. 30, 2026, included a $569 million charge related to the Greensill settlement.

Bottom Line

Marsh has evolved into a diversified global professional services firm spanning risk, human capital, and management consulting. Its expansion through targeted acquisitions and internal restructuring supports its role as a key advisor to global organizations.