Welcome to our dedicated page for Marsh & McLennan Companies news (Ticker: MMC), a resource for investors and traders seeking the latest updates and insights on Marsh & McLennan Companies stock.
Marsh & McLennan Companies, Inc. (MMC), commonly known as Marsh McLennan, is a renowned global professional services firm headquartered in New York City. The company specializes in providing advanced advice and solutions in the sectors of insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.
The company operates through two main segments: Risk and Insurance Services and Consulting. In the Risk and Insurance Services segment, Marsh McLennan operates mainly through Marsh, an insurance broker, and Guy Carpenter, a risk and reinsurance specialist. These entities help clients navigate various risks, including financial, operational, and strategic risks.
On the consulting front, Marsh McLennan is represented by two key businesses: Mercer and Oliver Wyman. Mercer provides human resource services, including talent management, health benefits planning, and M&A advisory services. Oliver Wyman offers management consulting services, delivering expertise in strategy, operations, and risk management to clients across numerous industries.
Recently, Marsh McLennan's management consulting arm, Oliver Wyman, announced the combination of its legacy aviation brand CAVOK and newly acquired SeaTec Consulting Inc., rebranded as Oliver Wyman Vector. This new brand aims to provide enhanced technical and digital expertise across the aviation, aerospace, defense, and rail industries.
Another significant initiative includes the formation of the National Commission on Climate and Workforce Health, created to address the growing threats that climate change poses to workforce health. This initiative, supported by various business leaders and health experts, emphasizes the importance of building climate-resilient workforces. Mercer, a key player in Marsh McLennan's consulting segment, is actively involved in this effort, providing strategic input and support.
Marsh McLennan generates about half of its revenue from markets outside the U.S., showcasing its global reach and diversified client base. The company's financial condition remains robust, with annual revenues exceeding $23 billion, supported by its workforce of over 85,000 professionals operating in more than 130 countries.
In light of its recent achievements and ongoing projects, Marsh McLennan continues to solidify its position as a leading professional services firm, offering unparalleled solutions in risk, strategy, and human capital management.
Marsh & McLennan (NYSE:MMC) reported its fourth-quarter and full-year 2020 financial results, highlighting a 3% annual revenue growth, totaling $17.2 billion. The fourth quarter alone generated $4.4 billion, a 4% increase year-over-year. Adjusted earnings per share rose 7% to $4.97. Operating income for 2020 was $3.1 billion, while net income reached $2.0 billion. Notably, the Risk & Insurance Services segment saw a 6% revenue increase in Q4, while Consulting experienced a decline in underlying revenue. The company also completed eight acquisitions in 2020, marking a record year for MMA.
The Board of Directors of Marsh & McLennan Companies (NYSE: MMC) has declared a quarterly dividend of $0.465 per share on outstanding common stock. This dividend will be paid on February 12, 2021, to stockholders of record as of February 1, 2021. Marsh & McLennan, a leading professional services firm with an annual revenue of $17 billion, serves clients in over 130 countries across various sectors including risk management and strategic advice.
The HERO and Mercer collaboration released the 2020 Progress Report for the HERO Health and Well-being Best Practices Scorecard. This report highlights a 30% increase in companies completing the HERO Scorecard since 2018, reflecting a growing commitment to employee well-being. Key findings reveal that 30% of senior leaders view health as linked to business results, an increase from 22% in 2016. The report emphasizes the importance of organizational support for well-being initiatives, with a focus on strategic planning and data utilization for improved outcomes.
Marsh & McLennan (NYSE: MMC) has announced its commitment to combat climate change by achieving carbon neutrality by 2021 and reducing carbon emissions by 15% below 2019 levels by 2025. CEO Dan Glaser emphasized the company's responsibility towards the environment. The new climate initiatives align with existing efforts within the company, including the launch of a renewable industry practice in insurance broking and support for clients managing climate risks. Further details will be provided in the upcoming 2020 ESG report scheduled for March.
A new report from Oliver Wyman reveals significant disparities in leadership perceptions between men and women. While men prioritize traits like directness and decisiveness, women emphasize empowerment and collaboration. Notably, only 6% of US CEOs are female, with women often feeling underrepresented in corporate leadership. The report indicates that sponsorship is crucial for women's advancement, with 95% of women interviewed citing a sponsor's influence on their success. The study, based on over 160 interviews, calls for corporate culture changes to enhance inclusion.
Mercer has appointed Ravin Jesuthasan as the Global Leader for Transformation Services, based in Chicago. He will lead the company's Transformation Center of Excellence and report to Ilya Bonic. With nearly 30 years in HR consulting, Jesuthasan previously led Willis Towers Watson's Talent and Rewards practice. His expertise in workforce transformation is expected to aid organizations as they adapt post-COVID-19. Mercer, part of Marsh & McLennan (NYSE: MMC), employs over 25,000 people across 44 countries.
Marsh & McLennan Agency LLC (MMA) has acquired Compass Financial Partners, a retirement consulting and investment advisory firm based in Greensboro, North Carolina. Although the acquisition terms were undisclosed, Compass manages over $14 billion in plan assets and offers services to both institutions and individuals. Following the acquisition, Compass leaders Kathleen Kelly and George Hoyle will join MMA, enhancing their retirement services expertise. MMA aims to integrate health, wealth, and retirement solutions for clients through this strategic move.
Marsh & McLennan Companies (NYSE: MMC) will announce its fourth quarter financial results on January 28, 2021, before market opening. The earnings report will be followed by a teleconference at 8:30 a.m. EDT, hosted by President and CEO Dan Glaser and CFO Mark McGivney. The company, which operates globally with 76,000 employees and annual revenue of $17 billion, provides services in risk, strategy, and people. Investors can access the news release and webcast on mmc.com.
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