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Marsh McLennan beats profit estimates on risk and insurance business strength

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Insurance brokerage and consulting firm Marsh McLennan's fourth-quarter profit beat Wall Street estimates on Thursday, powered by record growth in its risk and insurance business.
Marsh & McLennan Cos Inc reported a better-than-expected quarterly profit on January 30, 2025, driven by robust performance in its risk and insurance services. The company, which provides insurance broking, risk management, and consulting services, saw its shares rise by 3.5% in premarket trading following the announcement. The growth was attributed to increased demand for risk management solutions amid a volatile economic environment, with significant contributions from its Marsh and Guy Carpenter units. These units benefited from higher insurance rates and strong client retention. Additionally, Marsh & McLennan's consulting arm, Mercer, also performed well, supported by demand for health, wealth, and career services. The company's revenue for the quarter was $6.1 billion, surpassing the $5.9 billion expected by analysts, with adjusted earnings per share at $1.68, above the consensus estimate of $1.62.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/marsh-mclennan-beats-profit-estimates-risk-insurance-business-strength-2025-01-30/ ]