Marsh McLennan 10-Q, filed Oct 15, 2026

Summary

Marsh & McLennan, which rebranded as Marsh effective January 14, 2026 and renamed its Guy Carpenter business as Reinsurance and its Mercer business as People and Investments, reported third-quarter 2026 consolidated revenue of $6.9 billion, up 8%, with diluted earnings per share of $1.69, up 12%, and nine-month operating income down 3% at $4.9 billion. The quarter included a $144 million Greensill settlement charge, a $126 million gain on the acquisition of the remaining 60% of Spain-based insurance broker Deasterra Partners, and a declared quarterly dividend of $0.990 per share.

Key points

• Marsh reported third-quarter 2026 consolidated revenue of $6.9 billion, up 8% (5% underlying), operating income of $1.2 billion, up 4%, and net income of $808 million, or $1.69 per diluted share, up 12%.
• For the nine months ended September 30, 2026, revenue was $21.9 billion, up 7%, while operating income fell 3% to $4.9 billion and diluted earnings per share fell 1% to $6.68.
• The company recorded Greensill settlement charges of $144 million in the quarter and $569 million for the nine months, net of insurance proceeds, and restructuring costs of $79 million and $182 million respectively.
• Marsh acquired the remaining 60% of Spain-based insurance broker Deasterra Partners, S.L. in July 2026, recording a $126 million remeasurement gain, and completed 8 acquisitions in 2026 for $550 million; it also repurchased 2.7 million shares for $500 million in the third quarter and declared a quarterly dividend of $0.990 per share.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.