Marsh McLennan quarterly profit rises on strength in insurance business
July 17 (Reuters) - Insurance broker Marsh McLennan MMC.N reported a rise in second-quarter profit on Thursday, helped by robust performance in its risk and insurance services business.
WHY IT'S IMPORTANT
Individuals and businesses have kept spending on insurance policies even in a tough macroeconomic environment, to safeguard against risks, even though premiums have gone up.
Brokers' performance is closely related to the insurance industry's numbers, as their commissions are tied to the premiums insurers charge.
CONTEXT
Marsh McLennan kicks off the earnings season for insurance brokers, with peer Aon AON.N set to report its second-quarter earnings next week.
New York-based Marsh McLennan caters to clients in over 100 countries across four businesses — Marsh, Guy Carpenter, Mercer and Oliver Wyman.
Shares of the company had fallen marginally in 2025, as of last close.
BY THE NUMBERS
Revenue in Marsh McLennan's risk and insurance services business came in at $4.6 billion, up 15% from a year earlier. Its consulting arm reported a 7% revenue rise.
Net income attributable to Marsh McLennan came in at $1.21 billion, or $2.45 per share, in the three months ended June 30, compared with $1.13 billion, or $2.27 per share, in the year-ago period.
Total revenue grew 12% to $7 billion.
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