Marsh McLennan Reports Second Quarter 2025 Results

Marsh McLennan, a global leader in professional services in the areas of risk, strategy, and people, has released its financial results for the second quarter of 2025. The company reported strong performance across various financial metrics, reflecting continued momentum and strategic growth initiatives.

Financial Highlights

For the second quarter of 2025, Marsh McLennan reported consolidated revenue of $7.0 billion, marking a 12% increase compared to the same period in 2024. The company's GAAP operating income rose by 11% to $1.8 billion, while adjusted operating income saw a 14% increase to $2.1 billion. Net income attributable to the company was $1.2 billion, with GAAP earnings per share (EPS) increasing by 8% to $2.45 and adjusted EPS rising by 11% to $2.72.

Business and Operational Highlights

Marsh McLennan's Risk & Insurance Services segment reported revenue of $4.6 billion for the second quarter, a 15% increase, with underlying revenue growth of 4%. The Consulting segment also showed robust performance, with revenue increasing by 7% to $2.4 billion. Notably, Marsh's revenue grew by 18% to $3.8 billion, driven by strong performance in international operations, particularly in EMEA and Asia Pacific.

Strategic Initiatives and Corporate Developments

During the second quarter, Marsh McLennan repurchased 1.4 million shares of stock for $300 million. The company also announced a 10% increase in its quarterly dividend to $0.900 per share, payable on August 15, 2025. These actions reflect the company's commitment to returning value to shareholders.

Management's Perspective

John Doyle, President and CEO of Marsh McLennan, commented on the results, stating, "We had another solid quarter with 12% revenue growth reflecting continued momentum across our business and the contribution from acquisitions. We generated 4% underlying revenue growth, 14% growth in adjusted operating income, and 11% growth in adjusted EPS. In addition, we recently announced a 10% increase in our dividend." Doyle emphasized the company's consistent execution and the enduring value provided to clients in a complex and dynamic environment.

Future Outlook

Looking ahead, Marsh McLennan remains focused on leveraging its strategic initiatives to drive growth and enhance shareholder value. The company continues to navigate the evolving market landscape with a strong emphasis on innovation and client-centric solutions.

SEC Filing: MARSH & MCLENNAN COMPANIES, INC. [ MMC ] - 8-K - Jul. 17, 2025