Marsh & McLennan Companies (MRSH) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Marsh & McLennan Companies (MRSH), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

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

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

Performance at a Glance

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
1-Year Return	-21.64%	8.77%

Risk

Drawdown

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.

Risk at a Glance

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
1-Year Volatility	23.49%	27.79%
Beta	0.60	0.55

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	81.27 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Marsh & McLennan Companies (MRSH) trades at P/E ratio of 21.09, 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

21.09

Group distribution

Max: 25.24
MRSH: 21.09
Q3: 16.46
Median: 12.28
Q1: 8.66
Min: 3.44

Largest peers

MRSH: 21.09
AON: 18.41
MFC: 16.19
AFL: 13.46
CB: 11.60
PGR: 10.33
TRV: 9.08

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.

Price-to-Sales Ratio (TTM)

Marsh & McLennan Companies (MRSH) trades at 2.95 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

2.95

Group distribution

Max: 3.96
MRSH: 2.95
Q3: 2.13
Median: 1.17
Q1: 0.82
Min: 0.13

Largest peers

AON: 4.10
AFL: 3.31
MRSH: 2.95
MFC: 2.10
CB: 2.09
PGR: 1.33
TRV: 1.32

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.

Price-to-Book Ratio (MRQ)

Marsh & McLennan Companies (MRSH) trades at 5.58 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

5.58

Group distribution

MRSH: 5.58
Max: 3.70
Q3: 2.21
Median: 1.61
Q1: 1.12
Min: -0.14

Largest peers

AON: 7.28
MRSH: 5.58
PGR: 3.70
TRV: 2.02
AFL: 2.01
MFC: 1.92
CB: 1.73

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 at a Glance

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Price-to-Earnings Ratio (TTM)	21.09	12.28
Price-to-Sales Ratio (TTM)	2.95	1.17
Price-to-Book Ratio (MRQ)	5.58	1.61
Free Cash Flow Yield	--	--

Profitability

Return on Equity (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: 22.34%
Median: 14.13%
Q1: 9.51%
Min: -6.23%

Largest peers

AON: 46.45%
PGR: 37.90%
MRSH: 27.57%
TRV: 25.27%
AFL: 16.47%
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 Profit 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: 11.07%
Q1: 5.09%
Min: -2.80%

Largest peers

AFL: 25.60%
AON: 22.54%
MFC: 20.04%
CB: 18.53%
TRV: 15.54%
MRSH: 14.26%
PGR: 12.93%

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 Profit 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 at a Glance

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Return on Equity (TTM)	27.57%	14.13%
Return on Assets (TTM)	7.27%	2.66%
Net Profit Margin (TTM)	14.26%	11.07%
Operating Profit Margin (TTM)	--	--
Gross Profit Margin (TTM)	--	--

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-to-Equity Ratio (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 at a Glance

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

Dividends

Dividend Yield (TTM)

Marsh & McLennan Companies (MRSH) has dividend yield of 2.13%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MRSH

Insurance industry group

2.13%

Group distribution

Max: 5.43%
Q3: 2.64%
MRSH: 2.13%
Median: 1.35%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 6.84%
MFC: 3.33%
MRSH: 2.13%
AFL: 2.07%
TRV: 1.64%
CB: 1.24%
AON: 0.98%

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: 35.43%
Median: 14.92%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.70%
MFC: 52.02%
MRSH: 43.94%
AFL: 26.86%
AON: 16.36%
CB: 13.72%
TRV: 13.13%

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.

Dividends at a Glance

Marsh & McLennan Companies (MRSH) metric values compared with Insurance industry-group medians
Metric	Current stock: MRSH	Industry group median
Dividend Yield (TTM)	2.13%	1.35%
Dividend Payout Ratio (TTM)	43.94%	14.92%