Marsh McLennan

Financials Insurance Brokers New York City, New York Last filing Feb 9, 2026 · FY2025

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (10 accounts checked)
                    
                    Net income
                    FY2025
                
$4.2B
                    
                    +2.5%
                    
                    Total assets
                    FY2025
                
$58.7B
                    ROA +7.1%
                    
                    P83
                    
                    +3.9%
                    
                    Operating cash flow
                    FY2025
                
$5.3B
                    
                    +23.0%

19 yrs · FY2007–FY2025 6 filed · 1 derived · 2 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

14 accounts · 10 years

Total assets $58.7B

Total liabilities ~$43.4B

Shareholders equity $15.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	24.1%	24.2%	29.5%	4.3%	5.1%	6.3%	3.7%	4.9%	5.9%	5.6%
Other Assets	75.9%	75.8%	70.5%	95.7%	94.9%	93.7%	96.3%	95.1%	94.1%	94.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Long Term Debt	31.2%	34.4%	24.7%	33.6%	31.8%	32.7%	34.3%	25.5%	25.6%	24.7%
Other Liabilities	42.7%	41.6%	49.6%	34.3%	35.6%	39.3%	40.4%	39.3%	38.0%	40.8%
Equity
Total Stockholders Equity	26.1%	24.0%	25.8%	32.1%	32.6%	28.0%	25.3%	35.1%	36.4%	34.5%
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	1.0%	1.0%	1.2%	1.7%	1.6%	1.7%	1.8%	2.6%	2.7%	3.1%
Additional Paid In Capital	2.6%	2.4%	2.6%	3.5%	3.2%	2.9%	2.7%	3.8%	3.8%	4.6%
Retained Earnings	47.3%	44.8%	47.4%	60.7%	53.5%	49.2%	48.5%	66.5%	64.3%	68.1%
Treasury Stock	15.9%	13.6%	14.7%	18.6%	13.0%	10.8%	12.0%	16.5%	15.1%	13.8%
Accumulated Other Comprehensive Income	-9.2%	-11.0%	-11.0%	-15.9%	-13.3%	-15.5%	-16.1%	-21.5%	-19.8%	-28.0%
Noncontrolling Interest	0.4%	0.3%	0.4%	0.7%	0.6%	0.5%	0.5%	0.3%	0.4%	0.4%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

10 accounts · 10 years

Revenue Not reported

Operating income Not reported

Net income $4.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Premiums Earned	46.0%	43.3%	47.3%	61.9%	57.6%	52.1%	53.1%	69.3%	68.6%	72.6%
Revenues net Investment Income	0.1%	0.1%	0.2%	0.0%	0.0%	0.0%	0.1%	0.1%	0.0%	0.0%
Revenues Other Revenue	-36.6%	-33.7%	-37.0%	-49.8%	-45.4%	-43.7%	-45.5%	-58.9%	-55.8%	-59.0%
Other Income Expense Income Before Tax	9.4%	9.7%	10.5%	12.2%	12.2%	8.5%	7.8%	10.4%	12.9%	13.6%
Income Tax Income Tax Expense	2.2%	2.4%	2.5%	3.0%	3.0%	2.3%	2.1%	2.7%	5.5%	3.8%
net Income Other Items Below Tax	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%
net Income net Income	7.1%	7.2%	7.8%	9.1%	9.1%	6.1%	5.6%	7.6%	7.3%	9.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.8%	0.9%	1.0%	1.5%	1.5%	1.5%	1.6%	2.4%	2.5%	2.9%

Cash Flow Statement

Operating, investing, and financing flows

14 accounts · 10 years

Operating cash flow $5.3B

Investing cash flow $-845.0M

Financing cash flow $-4.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Cash From Operating Activities	9.0%	7.6%	8.9%	10.4%	10.2%	10.2%	7.5%	11.3%	9.3%	11.0%
Operating Activities net Income	7.2%	7.3%	7.9%	9.2%	9.2%	6.2%	5.7%	7.7%	7.4%	9.9%
Operating Activities Depreciation and Amortization	2.1%	1.8%	2.1%	3.4%	3.1%	3.3%	3.1%	2.3%	2.4%	0.7%
Operating Activities Stock Based Compensation	0.7%	0.7%	0.8%	1.1%	1.0%	0.9%	0.8%	0.9%	0.7%	0.6%
Operating Activities Other Non Cash Items	-0.9%	-2.1%	-1.9%	-3.3%	-3.1%	-0.2%	-2.0%	0.3%	-1.2%	-1.8%
Investing Activities net Cash From Investing Activities	-1.4%	-15.6%	-3.0%	-2.5%	-3.4%	-2.4%	-14.0%	-5.0%	-4.7%	-5.8%
Investing Activities Capital Expenditures	-0.5%	-0.6%	-0.9%	-1.4%	-1.2%	-1.1%	-1.3%	-1.5%	-1.5%	-1.4%
Investing Activities Other Investing Activities	-0.9%	-15.1%	-2.1%	-1.1%	-2.2%	-1.3%	-12.7%	-3.6%	-3.2%	-4.4%
Financing Activities net Cash From Financing Activities	-7.9%	7.9%	-2.3%	-3.1%	-3.8%	-2.8%	13.8%	-6.1%	-4.9%	-5.9%
Financing Activities Dividends Paid	-3.0%	-2.7%	-2.8%	-3.5%	-3.1%	-3.0%	-2.9%	-3.7%	-3.6%	-3.7%
Financing Activities Repurchase of Common Stock	-3.4%	-1.6%	-2.4%	-5.8%	-3.4%	0.0%	-1.5%	-3.1%	-4.4%	-4.4%
Financing Activities Other Financing Activities	-1.5%	12.2%	2.8%	6.2%	2.7%	0.2%	18.2%	0.8%	3.1%	2.3%
Cash Reconciliation Effect of Exchange Rate On Cash	1.1%	-0.7%	0.7%	-2.5%	-1.0%	1.5%	0.4%	-0.8%	1.2%	-1.3%
Cash Reconciliation net Change In Cash	0.8%	-0.8%	4.3%	2.2%	2.0%	6.6%	7.8%	-0.6%	0.9%	-1.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	—	—	—	—	—	—	—	—	—	—
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	—	—	—	—
Returns
ROE	+27.2%	+30.0%	+30.4%	+28.4%	+28.0%	+21.8%	+21.9%	+21.8%	+20.0%	+28.2%
ROA	+7.1%	+7.2%	+7.8%	+9.1%	+9.1%	+6.1%	+5.6%	+7.6%	+7.3%	+9.7%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.83x	3.17x	2.88x	2.11x	2.06x	2.57x	2.95x	1.85x	1.75x	1.90x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Marsh McLennan

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