earnings
confidence high
sentiment positive
materiality 0.75
Marsh McLennan Q2 GAAP EPS $2.27 (+10%), adjusted EPS $2.41 (+10%); dividend raised 15%
MARSH & MCLENNAN COMPANIES, INC.
2024-Q2 EPS reported
$5.08
revenue$12,694,000,000
- GAAP revenue $6.2B (+6% YoY); underlying revenue also +6%; operating income +13% to $1.6B.
- Risk & Insurance Services rev $4.0B (+8%, underlying +7%); Consulting rev $2.2B (+2%, underlying +4%).
- Quarterly dividend increased 15% to $0.815/share, payable Aug 15, 2024.
- Repurchased 1.5M shares for $300M in Q2; acquired Fisher Brown Bottrell Insurance (bank-affiliated agency).
- GAAP EPS $2.27 vs $2.07 in Q2 2023; adjusted EPS $2.41 vs $2.19.