On this page of StockholderLetter.com we present the latest annual shareholder letter from MARSH & MCLENNAN COMPANIES, INC. — ticker symbol MMC. Reading current and past MMC letters to shareholders can bring important insights into the investment thesis.
The Power of Perspective 2024 Annual Report Marsh McLennan 2024 Annual Report 3
Marsh McLennan is a global professional services firm with Deep expertise across Marsh, Guy Carpenter, Mercer and Oliver Wyman. Our unique capabilities help clients build the confidence to thrive through the power of perspective. Our strengths unite us across disciplines and around the world: Being committed partners Applying unique expertise Delivering actionable solutions We work with curiosity, care and integrity to understand our clients needs and enable their success. We bring a distinct combination of capabilities to clarify present and future risks and opportunities. We provide practical solutions to pressing challenges that help businesses and communities thrive.
Our businesses: Marsh Provides insurance solutions and data-driven risk advisory services to commercial and consumer clients Guy Carpenter Develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities Mercer Delivers advice and technology-driven solutions that help organizations redefine the world of work Oliver Wyman Serves as a critical strategic, economic and brand advisor to private sector and governmental clients
Marsh McLennan s high-performing team and distinct capabilities help clients to understand more about what they need to do to succeed and take action to drive impact. John Q. Doyle President and Chief Executive Officer, Marsh McLennan 2 The Power of Perspective
To our shareholders, 2024 was a milestone year for Marsh McLennan. Our company sustained its growth momentum as we executed on our strategy, generated excellent financial performance and had the largest year of acquisitions in our history. With uncertainty and volatility becoming the norm, today s complex environment presents significant challenges and opportunities that businesses must be prepared to meet. Whether it s navigating geopolitical events and supply chain risk, mitigating cyber threats, building climate resilience, accelerating digital transformation, or creating talent and investment strategies to drive future growth, Marsh McLennan s high-performing team and distinct capabilities help clients to understand more about what they need to do to succeed and take action to drive impact. Our more than 90,000 colleagues worldwide share a singular purpose: We build the confidence to thrive through the power of perspective. We are committed to investing in our business to help our clients find opportunity, empower our colleagues to be their best, deliver value for our shareholders and support the communities where we live and work. We are well positioned for another strong year in 2025, reflecting our unique capabilities and the enduring value we bring to clients. I am excited to update you on our progress. 3
 • shareholder letter icon 3/28/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/31/2023 MMC Stockholder Letter
 • stockholder letter icon 3/29/2024 MMC Stockholder Letter
 • stockholder letter icon More "Miscellaneous" Category Stockholder Letters
 • Benford's Law Stocks icon MMC Benford's Law Stock Score = 100


MMC Shareholder/Stockholder Letter Transcript:

The Power of
Perspective
2024 Annual Report
Marsh McLennan 2024 Annual Report
3

Marsh McLennan is a global
professional services firm
with Deep expertise across
Marsh, Guy Carpenter, Mercer
and Oliver Wyman.
Our unique capabilities help clients build the confidence to thrive
through the power of perspective.
Our strengths unite us across disciplines and around the world:
Being committed
partners
Applying unique
expertise
Delivering actionable
solutions
We work with curiosity, care and
integrity to understand our clients   
needs and enable their success.
We bring a distinct combination of
capabilities to clarify present and
future risks and opportunities.
We provide practical solutions
to pressing challenges that help
businesses and communities thrive.

Our businesses:
Marsh
Provides insurance solutions and
data-driven risk advisory services to
commercial and consumer clients
Guy Carpenter
Develops advanced risk, reinsurance
and capital strategies that help clients
grow profitably and pursue emerging
opportunities
Mercer
Delivers advice and technology-driven
solutions that help organizations
redefine the world of work
Oliver Wyman
Serves as a critical strategic, economic
and brand advisor to private sector
and governmental clients

    Marsh McLennan   s
high-performing
team and distinct
capabilities help clients
to understand more
about what they need to
do to succeed   and take
action to drive impact.   
John Q. Doyle
President and Chief Executive Officer,
Marsh McLennan
2
The Power of Perspective

To our
shareholders,
2024 was a milestone year for Marsh McLennan.
Our company sustained its growth momentum as
we executed on our strategy, generated excellent
financial performance and had the largest year
of acquisitions in our history.
With uncertainty and volatility becoming
the norm, today   s complex environment
presents significant challenges and
opportunities that businesses must be
prepared to meet.
Whether it   s navigating geopolitical
events and supply chain risk, mitigating
cyber threats, building climate resilience,
accelerating digital transformation,
or creating talent and investment
strategies to drive future growth, Marsh
McLennan   s high-performing team
and distinct capabilities help clients to
understand more about what they need
to do to succeed   and take action to
drive impact.
Our more than 90,000 colleagues
worldwide share a singular purpose:
We build the confidence to thrive through
the power of perspective.
We are committed to investing in
our business to help our clients find
opportunity, empower our colleagues
to be their best, deliver value for
our shareholders and support the
communities where we live and work.
We are well positioned for another
strong year in 2025, reflecting our unique
capabilities and the enduring value we
bring to clients.
I am excited to update you on our
progress.
3



shareholder letter icon 3/28/2025 Letter Continued (Full PDF)
 

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