I reiterate a 'Buy' rating on Marsh & McLennan with a fair value of $245 per share, driven by tariff uncertainties and economic risks. Despite declining insurance rates, Marsh & McLennan achieved 4% underlying revenue growth and 8% adjusted operating profit growth, bolstered by consulting and business expansion. Tariff uncertainties may increase risk mitigation costs, potentially raising future insurance premiums and benefiting Marsh & McLennan's business growth.
MMC's first-quarter results benefit on the back of strong international operations and the Mercer business, partly offset by increased compensation and benefits expense.
Marsh & McLennan Companies, Inc. (NYSE:MMC ) Q1 2025 Earnings Conference Call April 17, 2025 8:30 AM ET Company Participants John Doyle - President and Chief Executive Officer Mark McGivney - Chief Financial Officer Martin South - President and CEO, Marsh Dean Klisura - President and CEO, Guy Carpenter Nick Studer - President & CEO, Oliver Wyman Group Conference Call Participants Gregory Peters - Raymond James Mike Zaremski - BMO Capital Markets Jimmy Bhullar - JPMorgan David Motemaden - Evercore ISI Alex Scott - Barclays Meyer Shields - KBW Elyse Greenspan - Wells Fargo Paul Newsome - Piper Sandler Operator Welcome to Marsh McLennan's Earnings Conference Call. Today's call is being recorded.
![]() MMC 3 weeks ago Announced | Quarterly | $0.81 Per Share |
![]() MMC 2 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 6 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 9 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 3 Apr 2024 Paid | Quarterly | $0.71 Per Share |
16 Apr 2025 Date | | - Cons. EPS | - EPS |
23 Jan 2025 Date | | 1.76 Cons. EPS | 1.87 EPS |
17 Oct 2024 Date | | 1.61 Cons. EPS | 1.63 EPS |
18 Jul 2024 Date | | 2.4 Cons. EPS | 2.41 EPS |
18 Apr 2024 Date | | 2.8 Cons. EPS | 2.89 EPS |
![]() MMC 3 weeks ago Announced | Quarterly | $0.81 Per Share |
![]() MMC 2 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 6 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 9 months ago Paid | Quarterly | $0.81 Per Share |
![]() MMC 3 Apr 2024 Paid | Quarterly | $0.71 Per Share |
16 Apr 2025 Date | | - Cons. EPS | - EPS |
23 Jan 2025 Date | | 1.76 Cons. EPS | 1.87 EPS |
17 Oct 2024 Date | | 1.61 Cons. EPS | 1.63 EPS |
18 Jul 2024 Date | | 2.4 Cons. EPS | 2.41 EPS |
18 Apr 2024 Date | | 2.8 Cons. EPS | 2.89 EPS |
Insurance Brokers Industry | Financial Services Sector | Mr. John Quinlan Doyle CEO | NYSE Exchange | US5717481023 ISIN |
US Country | 85,000 Employees | 3 Apr 2025 Last Dividend | 1 Jul 2002 Last Split | 30 Dec 1987 IPO Date |
Marsh & McLennan Companies, Inc. is a globally recognized professional services firm that specializes in offering comprehensive advice and tailored solutions in the realms of risk, strategy, and people. The company has established a prestigious reputation since its inception in 1871, with its headquarters situated in the bustling city of New York, New York. Marsh & McLennan operates through two main segments: Risk and Insurance Services, and Consulting, catering to a wide array of clients including businesses, public entities, insurance companies, associations, professional services organizations, and private clients across the world.
This suite of services encompasses expert advice on risk identification and assessment, risk transfer, and risk control and mitigation solutions. Marsh & McLennan provides clients with insurance and reinsurance broking, strategic advisory services, analytics solutions, and insurance program management, aimed at effectively managing and minimizing risk.
The Consulting segment of Marsh & McLennan delivers specialized services across three primary areas: Health, Wealth, and Career. Health consulting offers solutions that help clients manage healthcare costs and improve the health and well-being of their workforce. Wealth consulting involves advice and solutions related to retirement, compensation, and investment planning to secure financial future and manage wealth. Career consulting provides insights and strategies for talent management, organizational effectiveness, and workforce strategies. Additionally, the company provides specialized management, strategic, economic, and brand consulting services to further support the organizational goals of its clients.