Marsh & McLennan Companies (MRSH) 10-K Summary — Year Ended Dec 31, 2024
Marsh & McLennan is a leading professional services firm in risk, strategy, and people. In the recent fiscal year, the company reported growth in revenue and profitability.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Marsh & McLennan is a leading professional services firm in risk, strategy, and people. In the recent fiscal year, the company reported growth in revenue and profitability.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$24.5B
Revenue reported for the fiscal year.
Operating income
$5.8B
Income from operations reported for the year.
Net income
$4.1B
Net income reported for the year.
Operating cash flow
$4.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $20.7B | n/a |
| Dec 31, 2023 | $22.7B | +9.7% |
| Dec 31, 2024 | $24.5B | +7.6% |
Business overview
Marsh & McLennan provides risk advisory, insurance brokerage, reinsurance and consulting services through four key businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. The company operates globally with over 90,000 colleagues serving clients in more than 130 countries. It conducts operations through two segments, with Risk and Insurance Services including Marsh and Guy Carpenter.
Financial performance
Revenue increased compared to the prior year, and operating income and net income also rose. Cash flow from operations was strong. The company’s financial performance improved across key metrics.
Material risks
The filing cautions that the company operates in a dynamic business environment where new risks emerge frequently. Forward-looking statements are subject to uncertainties. No specific risk factors are detailed in the provided excerpt, but the filing references a full risk factor discussion.
Liquidity and capital
The filing discusses liquidity and capital resources, though the provided context is limited. Operating cash flow was positive and supports the company's liquidity.
What to watch
Monitor the revenue trend in the Risk and Insurance Services segment, which includes Marsh and Guy Carpenter.