earnings
confidence high
sentiment positive
materiality 0.85
Marsh McLennan Q3 adj EPS $1.63 (+4% YoY); announces $7.75B McGriff acquisition
MARSH & MCLENNAN COMPANIES, INC.
2024-Q3 EPS reported
$6.59
revenue$18,391,000,000
- GAAP revenue $5.7B (+6%); underlying revenue +5%; adjusted operating income +12%.
- GAAP EPS $1.51 (+3%); adjusted EPS $1.63 (+4%; ex-tax benefit +11%).
- Risk & Insurance Services revenue $3.5B (+8%); Consulting $2.3B (+3%).
- Agreed to acquire McGriff Insurance Services for $7.75B cash; expected close by year-end.
- Repurchased 1.4M shares for $300M in Q3; $900M YTD.