Marsh & McLennan Companies (MRSH) Stock Analysis

July 23, 2026

This is a peer-relative look at Marsh & McLennan Companies (MRSH): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Marsh & McLennan Companies (MRSH)
Profile Item	MRSH
Name	Marsh & McLennan Companies, Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Insurance Brokers
Market Capitalization	86.66 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

MRSH

GSPC

Marsh & McLennan Companies (MRSH) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Marsh & McLennan Companies (MRSH) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Marsh & McLennan Companies (MRSH) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Total Return (1Y)	-11.88%	19.00%
Total Return (3Y, Annualized)	-0.16%	18.51%
Total Return (5Y, Annualized)	6.59%	11.89%

Risk Profile

Drawdown History

MRSH

GSPC

Marsh & McLennan Companies (MRSH) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Marsh & McLennan Companies (MRSH) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Volatility (1Y, Annualized)	24.99%	27.81%
Beta (5Y)	0.60	0.52
Max Drawdown (5Y)	-34.36%	-37.87%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MRSH is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Sharpe Ratio (1Y)	-0.64	0.49
Sortino Ratio (1Y)	-0.88	0.77

Profitability

ROE (TTM)

Marsh & McLennan Companies (MRSH) posts ROE of 27.57%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

MRSH

Insurance industry group

27.57%

Group distribution

Max: 38.88%
MRSH: 27.57%
Q3: 22.63%
Median: 14.77%
Q1: 9.95%
Min: -6.23%

Largest peers

AON: 46.45%
ALL: 45.22%
PGR: 34.94%
MRSH: 27.57%
TRV: 26.51%
CB: 15.43%
MFC: 12.56%

Where Marsh & McLennan Companies (MRSH) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Marsh & McLennan Companies (MRSH) keeps 14.26% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MRSH

Insurance industry group

14.26%

Group distribution

Max: 38.86%
Q3: 19.36%
MRSH: 14.26%
Median: 11.21%
Q1: 5.05%
Min: -2.80%

Largest peers

AON: 22.54%
MFC: 20.04%
CB: 18.53%
ALL: 17.81%
TRV: 16.95%
MRSH: 14.26%
PGR: 12.85%

Where Marsh & McLennan Companies (MRSH) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Marsh & McLennan Companies (MRSH) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
ROE (TTM)	27.57%	14.77%
ROA (TTM)	7.27%	2.80%
Net Margin (TTM)	14.26%	11.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Marsh & McLennan Companies (MRSH) grew revenue 10.32%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Marsh & McLennan Companies (MRSH): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

Marsh & McLennan Companies (MRSH) grew earnings per share 3.06%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Marsh & McLennan Companies (MRSH): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Revenue Growth (YoY)	10.32%	8.15%
Revenue Growth (3Y CAGR)	9.20%	11.40%
EPS Growth (YoY)	3.06%	21.77%
EPS Growth (3Y CAGR)	11.75%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Marsh & McLennan Companies (MRSH) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Marsh & McLennan Companies (MRSH) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Marsh & McLennan Companies (MRSH) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

MRSH

Insurance industry group

0.00%

Group distribution

Max: 5.19%
Q3: 2.46%
Median: 1.13%
MRSH: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MFC: 4.25%
ALL: 1.61%
TRV: 1.23%
CB: 1.10%
AON: 0.82%
PGR: 0.09%
MRSH: 0.00%

Where Marsh & McLennan Companies (MRSH) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Marsh & McLennan Companies (MRSH) has payout ratio of 43.94%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

MRSH

Insurance industry group

43.94%

Group distribution

Max: 86.52%
MRSH: 43.94%
Q3: 35.84%
Median: 15.02%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 69.74%
MFC: 52.02%
MRSH: 43.94%
AON: 16.36%
CB: 13.72%
TRV: 12.23%
ALL: 9.03%

Where Marsh & McLennan Companies (MRSH) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Dividend Yield (TTM)	0.00%	1.13%
Dividend Payout Ratio (TTM)	43.94%	15.02%

Valuation

P/E Ratio (TTM)

Marsh & McLennan Companies (MRSH) trades at P/E ratio of 22.78, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

MRSH

Insurance industry group

22.78

Group distribution

Max: 30.58
MRSH: 22.78
Q3: 17.84
Median: 13.24
Q1: 9.20
Min: 3.32

Largest peers

MRSH: 22.78
AON: 19.92
MFC: 17.41
CB: 12.47
PGR: 10.65
TRV: 9.90
ALL: 5.62

Where Marsh & McLennan Companies (MRSH) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Marsh & McLennan Companies (MRSH) trades at 3.15 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

MRSH

Insurance industry group

3.15

Group distribution

Max: 4.61
MRSH: 3.15
Q3: 2.41
Median: 1.30
Q1: 0.91
Min: 0.10

Largest peers

AON: 4.39
MRSH: 3.15
CB: 2.26
MFC: 2.23
TRV: 1.57
PGR: 1.32
ALL: 0.95

Where Marsh & McLennan Companies (MRSH) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Marsh & McLennan Companies (MRSH) trades at 6.01 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

MRSH

Insurance industry group

6.01

Group distribution

MRSH: 6.01
Max: 4.80
Q3: 2.68
Median: 1.83
Q1: 1.26
Min: -0.14

Largest peers

AON: 7.81
MRSH: 6.01
PGR: 3.49
TRV: 2.33
ALL: 2.19
MFC: 2.05
CB: 1.87

Where Marsh & McLennan Companies (MRSH) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
P/E Ratio (TTM)	22.78	13.24
P/S Ratio (TTM)	3.15	1.30
P/B Ratio (MRQ)	6.01	1.83
Free Cash Flow Yield (TTM)	--	--