Marsh & McLennan Companies Inc (N:MMC)
Business Focus: Multiline Insurance & Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1166 Avenue of the Americas NEW YORK NY 10036 |
| Tel: | 1-212-3456750 |
| Website: | https://www.marshmclennan.com |
| IR: | See website |
| Key People | ||
| John Q. Doyle President, Chief Executive Officer, Director | John Jones Chief Marketing and Communications Officer | Dean Klisura Vice Chairman; President, Chief Executive Officer of Guy Carpenter |
| Martin C. South Vice Chairman; President, Chief Executive Officer of Marsh | Nicholas Studer Vice Chairman; Chief Executive Officer of Oliver Wyman Group | Pat Tomlinson Vice Chairman; President, Chief Executive Officer of Mercer |
| Mark C. Mcgivney Chief Financial Officer | Carmen Fernandez Chief People Officer, Senior Vice President | Paul Beswick Senior Vice President, Global Chief Information Officer | Katherine J. Brennan Senior Vice President, General Counsel |
| Business Overview |
| Marsh & McLennan Companies, Inc. is a professional services firm offering services in areas of risk, strategy and people. The Company's Risk and Insurance Services segment includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions) as well as insurance and reinsurance broking and services. This segment operates through Marsh and Guy Carpenter. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies. Its Consulting segment includes health, wealth and career advice, solutions and products, and specialized management, strategic, economic and brand consulting services. This segment operates through Mercer and Oliver Wyman Group. Mercer delivers advice and technology-driven solutions that help organizations. Oliver Wyman Group serves as an economic brand advisor to private sector and governmental clients. |
| Financial Overview |
| For the three months ended 31 March 2024, Marsh & McLennan Companies Inc revenues increased 9% to $6.47B. Net income increased 13% to $1.4B. Revenues reflect Risk and Insurance Services segment increase of 9% to $4.27B, Consulting segment increase of 9% to $2.21B. Net income benefited from Risk and Insurance Services segment income increase of 12% to $1.57B, Consulting segment income increase of 5% to $432M. |
| Employees: | 85,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $111,030M as of Mar 31, 2024 |
| Annual revenue (TTM): | $23,285M as of Mar 31, 2024 |
| EBITDA (TTM): | $6,552M as of Mar 31, 2024 |
| Net annual income (TTM): | $3,921M as of Mar 31, 2024 |
| Free cash flow (TTM): | $2,524M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $12,017M as of Mar 31, 2024 |
| Shares outstanding: | 492,724,025 as of Apr 15, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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