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Marsh & McLennan Reports 6% Revenue Rise to $7.4 Billion in Q2
Marsh & McLennan Companies posted second-quarter revenue of $7.4 billion, up 6% from a year earlier, with adjusted earnings per share rising 9% to $2.96. Underlying revenue growth accelerated to 5%, driven by strong demand across risk, insurance, and consulting services despite continued pricing pressure in commercial insurance and reinsurance. Consulting revenue jumped 10% to $2.6 billion, with Mercer's wealth business recording its best growth quarter since 2016 and Marsh Management Consulting delivering its fastest quarterly growth in more than two years. Risk and insurance services revenue increased 4% to $4.8 billion, though Guy Carpenter's revenue fell 2% as reinsurance rates declined, with the property catastrophe rate-on-line index down 16% at midyear. The company repurchased $200 million of stock in the quarter, bringing first-half buybacks to $1.5 billion, and raised its 2026 capital deployment target to approximately $5.5 billion.