Reported Earnings • Jul 21
Second quarter 2026 earnings released: EPS: US$2.64 (vs US$2.46 in 2Q 2025) Second quarter 2026 results: EPS: US$2.64 (up from US$2.46 in 2Q 2025). Revenue: US$7.40b (up 6.2% from 2Q 2025). Net income: US$1.27b (up 4.5% from 2Q 2025). Profit margin: 17% (in line with 2Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Europe. Announcement • Jul 09
Marsh & Mclennan Companies, Inc. Declares Quarterly Cash Dividend, Payable on August 14, 2026 The Board of Directors of Marsh & McLennan Companies, Inc. declared a 10% increase in the quarterly dividend from $0.900 to $0.990 per share on outstanding common stock, payable on August 14, 2026, to stockholders of record on July 23, 2026. Announcement • Jun 23
Marsh & McLennan Companies, Inc. to Report Q2, 2026 Results on Jul 21, 2026 Marsh & McLennan Companies, Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 21, 2026 Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: US$2.37 (vs US$2.81 in 1Q 2025) First quarter 2026 results: EPS: US$2.37 (down from US$2.81 in 1Q 2025). Revenue: US$7.60b (up 7.6% from 1Q 2025). Net income: US$1.15b (down 17% from 1Q 2025). Profit margin: 15% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Insurance industry in Europe. Announcement • Apr 14
Marsh & McLennan Companies, Inc. Appoints Mark McGivney as Executive Vice President and Chief Operating Officer, Effective April 15, 2026 On April 14, 2026, Marsh & McLennan Companies, Inc. (Company) announced that Mark McGivney, Marsh’s Chief Financial Officer, will assume additional roles as Executive Vice President and Chief Operating Officer of the firm. These changes are effective April 15, 2026. Mr. McGivney will support John Doyle and the Marsh Executive Committee in evolving and accelerating the firm’s strategy, particularly where initiatives span businesses. He will lead the company’s inorganic strategies and ensure execution of top priorities. The Marsh Executive Committee will continue to report to Mr. Doyle. Mark McGivney, who has been Marsh’s Chief Financial Officer for over a decade, joined the company in 2007 and has held several senior roles across the firm. He served as Senior Vice President of Corporate Finance, Chief Operating Officer and Chief Financial Officer of Mercer, and Chief Financial Officer of Marsh Risk, before becoming Senior Vice President and Chief Financial Officer of Marsh in January 2016. He holds an MBA from the University of Chicago Graduate School of Business and a BS in accounting from the University of Rhode Island. Announcement • Apr 03
Marsh & McLennan Companies, Inc., Annual General Meeting, May 21, 2026 Marsh & McLennan Companies, Inc., Annual General Meeting, May 21, 2026. Announcement • Mar 31
Marsh Announces Management Changes Marsh announced that Ted Moynihan will become President and CEO of Marsh Management Consulting and Oliver Wyman, succeeding Nick Studer, who has been appointed President and CEO of Marsh Risk. Mr. Moynihan will serve on the company’s Executive Committee and report to John Doyle, President and CEO of Marsh. Mr. Moynihan’s appointment is effective tomorrow, and he will continue to be based in London. Mr. Moynihan's career at Oliver Wyman spans three decades, where he has held multiple senior leadership roles, including most recently as the firm’s Global Head of Industries and before that as Global Head of Financial Services. His strategic vision and operational expertise advance the firm’s work at the intersection of strategy, risk, and transformation. Announcement • Mar 25
Marsh & McLennan Companies, Inc. to Report Q1, 2026 Results on Apr 16, 2026 Marsh & McLennan Companies, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 16, 2026 Declared Dividend • Mar 12
Fourth quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 8th April 2026 Payment date: 15th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 10
Marsh Announces Management Changes, Effective April 1, 2026 Marsh announced that Nick Studer will become President and CEO of Marsh Risk, succeeding Martin South. Martin South will take on an enterprise-wide role as Chief Client Officer of Marsh and work closely with the leaders of the company’s businesses. Both will continue to serve on the company’s Executive Committee and report to John Doyle, President and CEO of Marsh. The changes are effective April 1, 2026. Mr. Studer joined Oliver Wyman in 1997 and served in senior consulting roles across its consumer, industrial, and financial services practices before being named President and CEO in 2021. He has served on several cross-industry organizations, including as a founding Director of TheCityUK and a founding advisory board member of the FICC Markets Standards Board. Mr. South rejoined Marsh in 2007 and served as CEO of the business in multiple regions, including Asia-Pacific, UK and Ireland, Europe, and US and Canada, before becoming President and CEO of Marsh Risk in 2022. He first joined the company in 1985 with Bowring Marsh. His leadership experience includes roles at Zurich Financial Services, where he was a member of the Group Management Board, responsible for all of Zurich’s operations outside of North America and Europe, and CEO of Zurich’s London operations. Marsh expects to announce a new CEO of Oliver Wyman and Marsh Management Consulting by April 1, 2026. Announcement • Feb 14
Marsh & Mclennan Companies, Inc. Announces Executive Changes Marsh & McLennan Companies, Inc. announced that Michael Lewis has been promoted to President, Marsh Risk Canada, effective April 1, 2026. In this role, Mr. Lewis will lead the strategic development and execution of Marsh Risk’s Canada commercial strategy, which encompasses its risk management, corporate and commercial client segments, risk consulting services, and specialty insurance broking solutions. He will also work closely with Marsh’s country leaders to deliver the firm’s market-leading capabilities across risk, reinsurance and capital, people and investments and management consulting to clients. Mr. Lewis succeeds Sarah Robson, who will continue to serve as Marsh Canada CEO. He will report jointly to Ms. Robson and Michelle Sartain, President, Marsh Risk for US and Canada. Mr. Lewis currently serves as Chief Commercial Officer (CCO) for Marsh Canada and Head of Specialty and Industry for Marsh Risk Canada. He will retain his CCO role alongside his new responsibilities as President. A new Head of Specialty and Industry will be named in due course. Mr. Lewis joined Marsh Risk in 2006 as part of its Workforce Strategies group in Australia. He moved to Hong Kong in 2013 to lead the Workforce Strategies group there, then moved to Canada in 2018 to become the National Growth and Industry Leader. Announcement • Feb 04
Marsh Appoints Lisa Quest as UK CEO, Effective April 6, 2026 Marsh announced the appointment of Lisa Quest as UK CEO, in addition to her current role as Head of UK and Ireland Oliver Wyman, effective 6 April, 2026. Ms. Quest will be based in London and report to Flavio Piccolomini, CEO, International, Marsh. Ms. Quest succeeds Chris Lay, who is retiring from the business. In this additional role, Ms. Quest will work with the UK's business CEOs to shape Marsh UK's commercial strategy. She will focus on strengthening and expanding client relationships across Marsh's four businesses as well as developing innovative, data-driven client solutions that support organizations operating in the UK's diverse economy. Ms. Quest joined Oliver Wyman in 2006. Following time as a private equity investor, she returned in 2013, going on to be appointed as Co-Head of the Government and Public Institutions Practice, Europe. In 2023, she was appointed to the additional role of Head of UK and Ireland. Her work draws on her global experience, where she has extensive expertise in areas such as data and analytics, workforce of the future, and organisational design. In addition, she sits on the Canada-UK Chamber of Commerce Board, is a guest lecturer at the London School of Economics' Centre for Risk and Regulation, and is a Member of the Leadership Council at National Numeracy. Through these roles, Ms. Quest works extensively with HM Government on critical national priorities, including pay equity, defence financing, flood risk and resilience, and has supported the creation
of new government bodies, including the National Wealth Fund. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: US$8.47 (vs US$8.25 in FY 2024) Full year 2025 results: EPS: US$8.47 (up from US$8.25 in FY 2024). Revenue: US$27.0b (up 10% from FY 2024). Net income: US$4.16b (up 2.5% from FY 2024). Profit margin: 15% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Announcement • Jan 27
Marsh Mclennan Agency Announces the Launch of Secure Harbor Marsh McLennan Agency announced the launch of Secure Harbor, a group captive insurance company designed specifically for skilled nursing, assisted living, and senior living communities. Domiciled in Washington, D.C., Secure Harbor offers businesses providing senior living services with similar risk profiles general and professional liability coverage with limits of up to $1 million per occurrence and $3 million in aggregate. Members will have access to MMA's experienced third-party administrator (TPA) services team and safety consulting experts, many of whom bring firsthand senior living nursing experience. The captive is managed by MMA's Captive Risk Practice and National Senior Care Practice and is exclusive to MMA clients. The senior living industry is grappling with a challenging traditional insurance market, driven by rising claims cost due to social inflation and nuclear verdicts together with shrinking insurer capacity. Recognizing these challenges, MMA created Secure Harbor as an alternative risk financing solution tailored to the needs of clients in this sector. This group captive insurance model gives participating organizations greater control over their coverage terms and conditions, more stable pricing over time, and the potential to share in profits when the group performs well. Declared Dividend • Jan 17
Third quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 28th January 2026 Payment date: 13th February 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 15
Marsh Declares Quarterly Cash Dividend, Payable on February 13, 2026 The Board of Directors of Marsh declared a quarterly dividend of $0.900 per share on outstanding common stock, payable on February 13, 2026, to stockholders of record on January 29, 2026. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (111% net debt to equity). Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • Nov 21
Marsh & McLennan Companies, Inc. (NYSE:MMC) announces an Equity Buyback for $6,000 million worth of its shares. Marsh & McLennan Companies, Inc. (NYSE:MMC) announces a share repurchase program. Under the program, the company will repurchase up to $6,000 million worth of its shares. Announcement • Nov 04
Marsh & McLennan Appoints Andrea Bono the CEO of Marsh McLennan India, Middle East, and Africa, Effective January 2026 Marsh & McLennan Companies, Inc. has appointed Andrea Bono the CEO of Marsh McLennan India, Middle East, and Africa (IMEA), effective January 2026. Bono will report to Flavio Piccolomini, CEO, Marsh McLennan, International, and will be based in Dubai. In this role, Bono will lead the strategic development and execution of Marsh McLennan's commercial strategy across the IMEA region. He will focus on delivering Marsh McLennan's specialised capabilities across risk, reinsurance and capital, people and investments, and management consulting, as well as strengthening and expanding client relationships. Andrea Bono brings over 30 years of experience to the role. Having started his career in London, he joined Marsh in 2010 as Head of Marsh Italy's Risk Management Practice. Since then, he has held several senior positions within the business including co-General Manager, then later co-CEO, of Marsh Italy. In 2021 he was appointed CEO of the Eastern Mediterranean Region and in 2023 was additionally appointed CEO of Marsh McLennan Italy. Reported Earnings • Oct 17
Third quarter 2025 earnings released: EPS: US$1.52 (vs US$1.52 in 3Q 2024) Third quarter 2025 results: EPS: US$1.52 (in line with 3Q 2024). Revenue: US$6.35b (up 12% from 3Q 2024). Net income: US$747.0m (flat on 3Q 2024). Profit margin: 12% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in Europe. Buy Or Sell Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to €176. The fair value is estimated to be €222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Announcement • Sep 19
Marsh & McLennan Companies Appoints Renee Mcgowan as Chief Commercial Officer, International, Effective October 1, 2025 Marsh & McLennan Companies, Inc. announced that Renee McGowan has been appointed Chief Commercial Officer, International, at Marsh McLennan, effective October 1, 2025, while continuing to serve as CEO for India, Middle East, and Africa until early 2026. In her new position, she will oversee the development and execution of the company's international commercial strategy across six global regions. McGowan has been with Marsh McLennan since 2001 and has held senior roles in multiple markets, including Australia, Hong Kong, Singapore, New York, and the UAE, most recently leading growth and innovation as CEO of IMEA. Announcement • Jul 10
Marsh Mclennan Appoints Bruce Broussard to Its Board of Directors, Effective July 9, 2025 The Board of Directors of Marsh McLennan appointed Bruce Broussard as a director, effective immediately. The Company’s Board now consists of 12 directors. Mr. Broussard has over 30 years of experience leading public and private healthcare organizations. He was named President of Humana in 2011 and served as Chief Executive Officer from 2013 to 2024. Prior to that, he was Chief Executive Officer of McKesson Specialty/US Oncology. He joined US Oncology, which was acquired by McKesson Specialty, in 2000, and held various leadership roles, including Chief Financial Officer, President, Chief Executive Officer and Chairman of the Board. Mr. Broussard also serves on the boards of directors of HP Inc., Cleveland Clinic and One Call. Additionally, he holds leadership positions in numerous advocacy organizations, including The Business Council and the American Heart Association’s CEO Roundtable. He is also the Chair of the Board of Directors of the Trust for the National Mall, a nonprofit philanthropic partner of the National Park Service dedicated to restoring and preserving the National Mall. Announcement • Jul 09
Marsh Mclennan Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on August 15, 2025 The Board of Directors of Marsh McLennan declared a 10% increase in the quarterly dividend from $0.815 to $0.900 per share on outstanding common stock, payable on August 15, 2025, to stockholders of record on July 24, 2025. Announcement • Jun 19
Marsh & McLennan Companies, Inc. to Report Q2, 2025 Results on Jul 17, 2025 Marsh & McLennan Companies, Inc. announced that they will report Q2, 2025 results at 9:30 AM, US Eastern Standard Time on Jul 17, 2025 Buy Or Sell Opportunity • Jun 05
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €200. The fair value is estimated to be €254, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Announcement • May 15
Marsh & Mclennan Companies, Inc. Announces Retirement of Oscar Fanjul from the Board Marsh & McLennan Companies, Inc. announced that Oscar Fanjul is retiring from the Board after more than 23 years of service and did not stand for re-election. Oscar Fanjul is retiring from the Board after more than 23 years of service and did not stand for re-election. 
