Marsh McLennan: Can Insurance Pricing Cycles Sustain Growth in the Long Run?

Marsh & McLennan Companies, a global leader in professional services, closed 2024 with substantial financial growth, registering an 8% revenue increase to $24.5 billion and a 7% underlying revenue growth. The company reported an 11% expansion in adjusted operating income, reaching $6.2 billion against a backdrop of a complex global market. The year’s achievements were attributed not just to core business growth but also to an aggressive acquisition strategy, including a record $9.4 billion in acquisitions with a pivotal $7.75 billion deal to acquire McGriff. This acquisition is expected to enhance Marsh & McLennan’s scale and presence, particularly in the middle market.