Market Summary
USD188.73-0.04
Market Closed-0.02%
MMC Alerts
MMC Stock Price
MMC RSI Chart
MMC Valuation
MMC Price/Sales (Trailing)
MMC Profitability
MMC Fundamentals
MMC Revenue
MMC Earnings
Price Action
52 Week Range
148.14199.20
(Low)(High)
Last 7 days
-3.4%
Last 30 days
-3.6%
Last 90 days
1.8%
Trailing 12 Months
26.9%
MMC Financial Health
MMC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MMC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-11 | MILLS STEVEN A | sold | -9,305,650 | 195 | -47,553 | - |
2023-09-11 | MILLS STEVEN A | acquired | 9,305,650 | 195 | 47,553 | - |
2023-08-29 | FANJUL OSCAR | sold | -584,700 | 194 | -3,000 | - |
2023-08-15 | FANJUL OSCAR | acquired | 34,999 | 192 | 182 | - |
2023-08-15 | FANJUL OSCAR | sold (taxes) | -3,793 | 192 | -19.74 | - |
2023-08-15 | MILLS STEVEN A | acquired | 41,124 | 192 | 214 | - |
2023-07-26 | Klisura Dean Michael | sold | -2,494,010 | 192 | -12,976 | president & ceo, guy carpenter |
2023-07-26 | Klisura Dean Michael | acquired | 743,849 | 57.325 | 12,976 | president & ceo, guy carpenter |
2023-07-24 | MILLS STEVEN A | gifted | - | - | -47,553 | - |
2023-07-24 | MILLS STEVEN A | gifted | - | - | 47,553 | - |
Which funds bought or sold MMC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | DecisionPoint Financial, LLC | unchanged | - | 582 | 5,079 | -% |
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -26.82 | -4,274,240 | 20,346,700 | 0.08% |
2023-09-21 | Jefferies Group LLC | new | - | 2,090,060 | 2,090,060 | 0.02% |
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 948 | 8,073 | -% |
2023-09-20 | BARCLAYS PLC | added | 86.08 | 153,886,000 | 293,614,000 | 0.19% |
2023-09-12 | Prosperity Financial Group, Inc. | added | 2.39 | 131,570 | 973,314 | 0.86% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -0.22 | 9,565 | 85,012 | 0.02% |
2023-09-11 | Dechtman Wealth Management, LLC | new | - | 305,283 | 305,283 | 0.09% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -2,332 | - | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 131,656 | 131,656 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MMC Alerts
Schedule 13G FIlings of Marsh & McLennan Companies
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.81% | 43,717,203 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 8.7% | 43,138,772 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 4.9% | 24,998,897 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.34% | 42,128,173 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.5% | 43,136,914 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 6.5% | 33,053,215 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.28% | 42,016,368 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.1% | 41,242,579 | SC 13G/A | |
| Feb 14, 2020 | price t rowe associates inc /md/ | 7.0% | 35,437,356 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 7.74% | 39,102,627 | SC 13G/A |
Recent SEC filings of Marsh & McLennan Companies
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 8-K | Current Report | |
| Sep 07, 2023 | 424B2 | Prospectus Filed | |
| Sep 06, 2023 | 424B2 | Prospectus Filed | |
| Sep 06, 2023 | FWP | Prospectus Filed | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading |
MMC Fair Value
Loading...
Peers (Alternatives to Marsh & McLennan Companies)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MMC | 93.3B | 21.6B | -3.58% | 26.92% | 28.41 | 4.32 | 4.57% | -2.84% |
AON | 65.8B | 12.9B | -3.88% | 20.20% | 24.33 | 5.11 | 3.53% | 78.84% |
AJG | 48.5B | 9.2B | -2.67% | 32.08% | 43.57 | 5.26 | 7.35% | 5.16% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
BRO | 19.7B | 4.0B | -6.31% | 15.17% | 26.93 | 4.94 | 22.72% | 19.33% |
AFG | 9.3B | 7.5B | -6.50% | -5.67% | 10.94 | 1.25 | 12.86% | -17.26% |
| MID-CAP | ||||||||
UNM | 9.2B | 12.1B | -0.79% | 27.47% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.7B | 10.6B | 3.14% | 0.51% | 22.17 | 0.72 | 3.62% | -71.27% |
GNW | 2.8B | 7.5B | 1.71% | 69.71% | 5.16 | 0.37 | -1.40% | -38.58% |
| SMALL-CAP | ||||||||
GSHD | 1.7B | 242.3M | 5.10% | 106.43% | 292.17 | 7.19 | 37.52% | 918.24% |
BRP | 1.4B | 1.1B | -16.04% | -13.97% | -12.24 | 1.2 | 47.14% | -2460.07% |
EHTH | 216.2M | 390.2M | 2.10% | 98.72% | -3.49 | 0.55 | -15.74% | 60.20% |
HALL | 78.6M | 162.3M | -15.42% | -81.18% | -0.73 | 0.39 | -9.82% | -20.58% |
KINS | 18.8M | 146.0M | -9.79% | -34.21% | -1.39 | 0.13 | 4.52% | 41.12% |
Marsh & McLennan Companies News
Returns for MMC
Cumulative Returns on MMC
17.8%
10-Year Cumulative Returns
17.8%
7-Year Cumulative Returns
19.4%
5-Year Cumulative Returns
19.4%
3-Year Cumulative Returns
Risks for MMC
What is the probability of a big loss on MMC?
19.2%
Probability that Marsh & McLennan Companies stock will be more than 20% underwater in next one year
18.5%
Probability that Marsh & McLennan Companies stock will be more than 30% underwater in next one year.
0%
Probability that Marsh & McLennan Companies stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MMC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Marsh & McLennan Companies was unfortunately bought at previous high price.
Drawdowns
Financials for Marsh & McLennan Companies
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.4% | 21,592 | 21,095 | 20,720 | 20,835 | 20,648 | 20,286 | 19,820 | 19,099 | 18,484 | 17,656 | 17,224 | 17,072 | 17,072 | 17,232 | 16,652 | 16,100 | 15,636 | 15,021 | 14,950 | 14,923 | 14,760 |
| Operating Expenses | 2.4% | 16,938 | 16,534 | 16,440 | 16,249 | 16,113 | 15,887 | 15,508 | 15,202 | 14,787 | 14,302 | 14,158 | 13,985 | 14,058 | 14,423 | 13,975 | 13,394 | 12,856 | 12,230 | 12,189 | 12,113 | 11,956 |
| EBITDA | -100.0% | - | 5,193 | 4,932 | 5,231 | 5,208 | 5,120 | 5,034 | 4,649 | 4,417 | 4,002 | 3,696 | 3,689 | 3,649 | 3,421 | 3,351 | 3,006 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.25* | 0.24* | 0.25* | 0.25* | 0.25* | 0.25* | 0.24* | 0.24* | 0.23* | 0.21* | 0.22* | 0.21* | 0.20* | 0.20* | 0.19* | - | - | - | - | - |
| Interest Expenses | 6.5% | 527 | 495 | 469 | 451 | 440 | 436 | 444 | 463 | 484 | 506 | 515 | 517 | 522 | 531 | 524 | 486 | 422 | 349 | 290 | 257 | 248 |
| Earnings Before Taxes | 1.7% | 4,394 | 4,322 | 4,082 | 4,430 | 4,413 | 4,310 | 4,208 | 3,787 | 3,530 | 3,108 | 2,793 | 2,784 | 2,739 | 2,502 | 2,439 | 2,132 | 2,103 | 2,272 | 2,244 | 2,662 | 2,814 |
| EBT Margin | -100.0% | - | 0.20* | 0.20* | 0.21* | 0.21* | 0.21* | 0.21* | 0.20* | 0.19* | 0.18* | 0.16* | 0.16* | 0.16* | 0.15* | 0.15* | 0.13* | - | - | - | - | - |
| Net Income | 2.1% | 3,282 | 3,214 | 3,050 | 3,387 | 3,378 | 3,231 | 3,143 | 2,714 | 2,493 | 2,245 | 2,016 | 2,033 | 2,020 | 1,780 | 1,742 | 1,504 | 1,477 | 1,676 | 1,650 | 1,526 | 1,643 |
| Net Income Margin | -100.0% | - | 0.15* | 0.15* | 0.16* | 0.16* | 0.16* | 0.16* | 0.14* | 0.13* | 0.13* | 0.12* | 0.12* | 0.12* | 0.10* | 0.10* | 0.09* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,916 | 2,995 | 2,900 | 2,852 | 2,763 | 3,110 | 3,119 | 3,255 | 3,313 | 3,034 | 2,654 | 2,238 | 1,533 | 1,940 | 2,024 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 35.5% | 46,566 | 34,358 | 44,114 | 32,023 | 33,440 | 33,688 | 34,388 | 32,982 | 32,953 | 32,273 | 33,049 | 32,681 | 32,169 | 31,391 | 31,357 | 31,097 | 32,116 | 30,137 | 21,578 | 21,129 | 21,159 |
| Current Assets | 128.3% | 20,802 | 9,113 | 18,959 | 7,574 | 8,169 | 7,788 | 8,264 | 7,877 | 7,573 | 7,549 | 8,155 | 8,312 | 8,097 | 7,749 | 7,068 | 7,056 | 7,526 | 12,675 | 5,934 | 5,966 | 6,175 |
| Cash Equivalents | 16.4% | 1,171 | 1,006 | 1,442 | 802 | 909 | 772 | 11,374 | 1,398 | 888 | 1,120 | 2,089 | 2,388 | 1,711 | 1,480 | 8,499 | 1,213 | 1,294 | 1,117 | 6,067 | 951 | 1,036 |
| Net PPE | 0.3% | 870 | 867 | 871 | 865 | 863 | 865 | 847 | 824 | 816 | 830 | 856 | 864 | 866 | 850 | 858 | 816 | 799 | 716 | 701 | 707 | 698 |
| Goodwill | 2.0% | 16,621 | 16,300 | 16,251 | 15,576 | 15,963 | 16,254 | 16,317 | 15,648 | 15,775 | 15,458 | 15,517 | 15,034 | 14,797 | 14,412 | 14,671 | 14,286 | 14,479 | 9,739 | 9,599 | 9,435 | 9,177 |
| Current Liabilities | 150.4% | 19,813 | 7,914 | 17,832 | 7,292 | 7,016 | 6,587 | 6,654 | 6,659 | 5,816 | 6,123 | 6,556 | 6,530 | 5,928 | 6,859 | 6,679 | 6,204 | 6,382 | 5,739 | 4,924 | 4,727 | 4,216 |
| Short Term Borrowings | - | - | - | 268 | - | - | - | 17.00 | - | - | - | 517 | - | - | - | 1,215 | - | - | - | 314 | - | - |
| Long Term Debt | - | - | - | 11,227 | - | - | - | 10,933 | - | - | - | 10,796 | - | - | - | 10,741 | - | - | 11,472 | 5,510 | 5,512 | 5,813 |
| LT Debt, Non Current | -5.5% | 10,247 | 10,841 | 11,227 | 10,399 | 10,487 | 10,552 | 10,933 | 10,228 | 10,257 | 10,242 | 10,796 | 11,532 | 11,985 | 11,231 | 10,741 | 11,429 | 11,459 | - | 5,510 | - | - |
| Shareholder's Equity | 8.4% | 12,139 | 11,196 | 10,749 | 9,791 | 10,917 | 11,156 | 11,222 | 9,888 | 10,264 | 9,596 | 9,260 | 8,752 | 8,392 | 7,451 | 7,943 | 7,797 | 8,337 | 7,986 | 7,584 | 7,538 | 7,797 |
| Retained Earnings | 4.9% | 21,980 | 20,949 | 20,301 | 19,837 | 19,880 | 18,916 | 18,389 | 17,589 | 17,597 | 16,780 | 16,272 | 15,902 | 16,060 | 15,490 | 15,199 | 14,811 | 14,741 | 14,642 | 14,347 | 14,196 | 14,131 |
| Additional Paid-In Capital | 0.9% | 1,074 | 1,064 | 1,179 | 1,111 | 1,044 | 1,026 | 1,112 | 1,034 | 945 | 851 | 943 | 882 | 814 | 746 | 862 | 796 | 736 | 681 | 817 | 771 | 732 |
| Accumulated Depreciation | 2.0% | 1,611 | 1,579 | 1,531 | 1,650 | 1,673 | 1,679 | 1,589 | 2,327 | 2,317 | 2,197 | 2,159 | 2,113 | 2,052 | 2,012 | 2,001 | 1,944 | 2,018 | 1,889 | 1,842 | 1,863 | 1,857 |
| Shares Outstanding | -0.2% | 494 | 495 | 495 | 497 | 499 | 502 | 504 | 505 | 507 | 509 | 508 | 507 | 506 | 506 | 504 | 505 | 507 | 507 | 504 | 504 | 505 |
| Minority Interest | -26.7% | 178 | 243 | 229 | 226 | 224 | 219 | 213 | 154 | 156 | 162 | 156 | 161 | 166 | 156 | 150 | 177 | 272 | 77.00 | 73.00 | 85.00 | 81.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 6.0% | 3,550 | 3,348 | 3,465 | 3,405 | 3,346 | 3,222 | 3,516 | 3,457 | 3,554 | 3,612 | 3,382 | 3,069 | 2,698 | 1,999 | 2,361 | 2,400 | 2,256 | 2,516 | 2,428 | 2,075 | 1,963 |
| Share Based Compensation | 0.8% | 364 | 361 | 367 | 368 | 366 | 375 | 348 | 334 | 319 | 296 | 290 | 287 | 282 | 267 | 252 | 231 | 211 | 200 | 193 | 184 | 173 |
| Cashflow From Investing | -3.2% | -1,093 | -1,059 | -850 | -955 | -998 | -1,256 | -1,164 | -719 | -653 | -615 | -793 | 463 | 471 | -4,453 | -4,395 | -5,841 | -6,240 | -1,206 | -1,089 | -849 | -697 |
| Cashflow From Financing | -16.8% | -1,317 | -1,128 | -1,046 | -1,142 | -585 | -181 | -1,297 | -889 | -1,760 | -2,526 | -925 | -169 | -372 | -1,155 | 4,331 | 3,774 | 4,246 | 5,222 | -1,310 | -1,229 | -1,257 |
| Dividend Payments | 1.7% | 1,182 | 1,162 | 1,138 | 1,116 | 1,095 | 1,061 | 1,026 | 991 | 955 | 948 | 943 | 937 | 934 | 912 | 890 | 868 | 846 | 828 | 807 | 789 | 772 |
| Buy Backs | -17.1% | 1,450 | 1,750 | 1,950 | 2,025 | 1,825 | 1,547 | 1,159 | 734 | 434 | 112 | - | 185 | 385 | 485 | 485 | 300 | 275 | 425 | 675 | 975 | 1,000 |
MMC Income Statement
2023-06-30Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 5,876 | $ 5,379 | $ 11,800 | $ 10,928 |
| Expense: | ||||
| Compensation and benefits | 3,337 | 3,010 | 6,544 | 6,110 |
| Other operating expenses | 1,082 | 1,005 | 2,073 | 2,009 |
| Operating expenses | 4,419 | 4,015 | 8,617 | 8,119 |
| Operating income | 1,457 | 1,364 | 3,183 | 2,809 |
| Other net benefit credits | 60 | 59 | 118 | 121 |
| Interest income | 10 | 1 | 24 | 2 |
| Interest expense | (146) | (114) | (282) | (224) |
| Investment income | 3 | 2 | 5 | 28 |
| Income before income taxes | 1,384 | 1,312 | 3,048 | 2,736 |
| Income tax expense | 337 | 334 | 749 | 672 |
| Net income before non-controlling interests | 1,047 | 978 | 2,299 | 2,064 |
| Less: Net income attributable to non-controlling interests | 12 | 11 | 29 | 26 |
| Net income attributable to the Company | $ 1,035 | $ 967 | $ 2,270 | $ 2,038 |
| Net income per share attributable to the Company: | ||||
| Basic (in dollars per share) | $ 2.09 | $ 1.93 | $ 4.59 | $ 4.06 |
| Diluted (in dollars per share) | $ 2.07 | $ 1.91 | $ 4.55 | $ 4.01 |
| Average number of shares outstanding: | ||||
| Basic (in shares) | 495 | 501 | 495 | 502 |
| Diluted (in shares) | 499 | 506 | 499 | 508 |
| Shares outstanding (in shares) | 494 | 499 | 494 | 499 |
MMC Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,171 | $ 1,442 |
| Cash and cash equivalents held in a fiduciary capacity | 11,564 | 10,660 |
| Receivables | ||
| Commissions and fees | 6,406 | 5,293 |
| Advanced premiums and claims | 97 | 103 |
| Other | 637 | 616 |
| Gross receivables | 7,140 | 6,012 |
| Less-allowance for credit losses | (154) | (160) |
| Net receivables | 6,986 | 5,852 |
| Other current assets | 1,081 | 1,005 |
| Total current assets | 20,802 | 18,959 |
| Goodwill | 16,621 | 16,251 |
| Other intangible assets | 2,508 | 2,537 |
| Fixed assets (net of accumulated depreciation and amortization of $1,611 at June 30, 2023 and $1,531 at December 31, 2022) | 870 | 871 |
| Pension related assets | 2,331 | 2,127 |
| Right of use assets | 1,569 | 1,562 |
| Deferred tax assets | 365 | 358 |
| Other assets | 1,500 | 1,449 |
| Total assets | 46,566 | 44,114 |
| Current liabilities: | ||
| Short-term debt | 2,375 | 268 |
| Accounts payable and accrued liabilities | 3,137 | 3,278 |
| Accrued compensation and employee benefits | 2,021 | 3,095 |
| Current lease liabilities | 309 | 310 |
| Accrued income taxes | 407 | 221 |
| Fiduciary liabilities | 11,564 | 10,660 |
| Total current liabilities | 19,813 | 17,832 |
| Long-term debt | 10,247 | 11,227 |
| Pension, post-retirement and post-employment benefits | 866 | 921 |
| Long-term lease liabilities | 1,699 | 1,667 |
| Liabilities for errors and omissions | 364 | 355 |
| Other liabilities | 1,438 | 1,363 |
| Commitments and contingencies | 0 | 0 |
| Equity: | ||
| Preferred stock, $1 par value, authorized 6,000,000 shares, none issued | 0 | 0 |
| Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at June 30, 2023 and December 31, 2022 | 561 | 561 |
| Additional paid-in capital | 1,074 | 1,179 |
| Retained earnings | 21,980 | 20,301 |
| Accumulated other comprehensive loss | (5,055) | (5,314) |
| Non-controlling interests | 178 | 229 |
| Stockholders' equity before treasury stock | 18,738 | 16,956 |
| Less – treasury shares, at cost, 66,590,930 shares at June 30, 2023 and 65,855,914 shares at December 31, 2022 | (6,599) | (6,207) |
| Total equity | 12,139 | 10,749 |
| Total liabilities and stockholders' equity | $ 46,566 | $ 44,114 |
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.