Marsh & McLennan Companies Inc. (NYSE: MMC)
Insurance Brokers · New York, NY, United States · Founded 1905
- Market capitalization: $110.0 billion
- Annual revenue: $7.56 billion
- Net income: $0.81 billion
- Employees: 85,000
- Sector: Financial Services
- Headquarters: New York, United States
- Founded: 1905
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Marsh McLennan is the world's largest insurance broker and risk advisory firm. They operate through four businesses: Marsh (insurance brokerage), Guy Carpenter (reinsurance), Mercer (HR consulting), and Oliver Wyman (management consulting). When a Fortune 500 company needs to insure a factory or restructure its pension, these are the people they call.
They earn commissions and fees for placing insurance and reinsurance on behalf of clients, plus consulting fees from Mercer and Oliver Wyman. It's a capital-light, fee-based model with strong recurring revenue since clients rarely switch brokers.
The company traces its roots to 1871 when Henry Marsh founded his brokerage. The modern conglomerate took shape through decades of acquisitions, including Mercer in 1959 and Oliver Wyman in 2003. They survived the Spitzer investigations in 2004-2005 that rocked the insurance brokerage industry.
| Market Capitalization | $110.0B |
| Annual Revenue | $7.56B |
| Net Income | $0.81B |
| Profit Margin | 11% |
| Revenue per Employee | $88941K |
| Stock Exchange | NYSE |
| Ticker Symbol | MMC |
Financial data is approximate and based on most recent annual filings.
Marsh McLennan lost 295 employees in the September 11 attacks — more than any other company. The firm brokers insurance for some of the most unusual risks on earth, from satellite launches to celebrity body parts.
Marsh McLennan is a boring, brilliant compounder. Rising insurance premiums and increasing global risk complexity play right into their hands.
What is Marsh & McLennan Companies Inc.'s revenue?
Marsh & McLennan Companies Inc. generates approximately $7.56 billion in annual revenue.
How many employees does Marsh & McLennan Companies Inc. have?
Marsh & McLennan Companies Inc. employs approximately 85,000 people worldwide.
What is Marsh & McLennan Companies Inc.'s market cap?
Marsh & McLennan Companies Inc. (MMC) has a market capitalization of approximately $110.0 billion on the NYSE.
When was Marsh & McLennan Companies Inc. founded?
Marsh & McLennan Companies Inc. was founded in 1905 and is headquartered in New York, NY, United States.
Who is the CEO of Marsh & McLennan Companies Inc.?
John Doyle is the current CEO of Marsh & McLennan Companies Inc..
What is Marsh & McLennan Companies Inc.'s website?
Marsh & McLennan Companies Inc.'s official website is marshmclennan.com.
| CEO | John Doyle |
| Sector | Financial Services |
| Industry | Insurance Brokers |
| Founded | 1905 |
| HQ | New York, NY |
| Country | United States |
| Website | marshmclennan.com |
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