AEG vs. MRSH: Aegon vs. Marsh & McLennan Stock Comparison
How do Aegon (AEG) and Marsh & McLennan (MRSH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Aegon (AEG) and Marsh & McLennan (MRSH) both belong to the Insurance industry, though AEG is classified under Life & Health Insurance while MRSH falls under Insurance Brokers.
Marsh & McLennan (MRSH) trades as ordinary local shares, while Aegon (AEG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | AEG | MRSH |
|---|---|---|
| Name | Aegon Ltd. New York Registry Shares | Marsh & McLennan Companies, Inc. |
| Country/Region | Netherlands | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Life & Health Insurance | Insurance Brokers |
| Market Capitalization | 12.09 billion USD | 97.39 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 28, 1985 | February 21, 1973 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Total Return (1Y) | 19.25% | 16.87% |
| Total Return (3Y, Annualized) | 26.15% | 3.11% |
| Total Return (5Y, Annualized) | 17.53% | 6.23% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Volatility (1Y, Annualized) | 24.91% | 26.15% |
| Beta (5Y) | 0.85 | 0.51 |
| Max Drawdown (5Y) | -36.55% | -34.36% |
| Avg. Volume (3M) | 5.27M | 2.43M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Sharpe Ratio (1Y) | 0.60 | 0.48 |
| Sortino Ratio (1Y) | 0.84 | 0.74 |
Profitability
ROE (TTM)
Marsh & McLennan (MRSH) at 27.24% sits in the top ROE quartile, while Aegon (AEG) at 11.07% is closer to the peer norm — stronger capital efficiency for MRSH.
AEG
Insurance industry group
11.07%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- AEG
- 11.07%
- Q1
- 8.79%
- Min
- -10.66%
MRSH
Insurance industry group
27.24%
- Max
- 41.68%
- MRSH
- 27.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Both Aegon (AEG) at 8.62% and Marsh & McLennan (MRSH) at 14.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
AEG
Insurance industry group
8.62%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- AEG
- 8.62%
- Q1
- 6.21%
- Min
- -4.68%
MRSH
Insurance industry group
14.20%
- Max
- 29.92%
- Q3
- 17.03%
- MRSH
- 14.20%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Aegon (AEG) in Insurance and Marsh & McLennan (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AEG | MRSH |
|---|---|---|
| ROE (TTM) | 11.07% | 27.24% |
| ROA (TTM) | 0.10% | 7.35% |
| Net Margin (TTM) | 8.62% | 14.20% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Aegon (AEG) at 37.63% sits in the top revenue growth quartile, while Marsh & McLennan (MRSH) at 10.32% is closer to the peer norm — faster top-line expansion for AEG.
EPS Growth
Aegon (AEG) at 59.46% sits in the top EPS growth quartile, while Marsh & McLennan (MRSH) at 3.06% is closer to the peer norm — faster per-share earnings growth for AEG.
Growth Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Revenue Growth (YoY) | 37.63% | 10.32% |
| Revenue Growth (3Y CAGR) | -- | 9.20% |
| EPS Growth (YoY) | 59.46% | 3.06% |
| EPS Growth (3Y CAGR) | -- | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aegon (AEG) in Insurance and Marsh & McLennan (MRSH) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Aegon (AEG) in Insurance and Marsh & McLennan (MRSH) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Aegon (AEG) at 4.96% delivers top-quartile income for its industry, while Marsh & McLennan (MRSH) at 1.80% pays a more typical yield — both are credible income propositions, AEG the richer one.
AEG
Insurance industry group
4.96%
- Max
- 5.12%
- AEG
- 4.96%
- Q3
- 2.15%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
1.80%
- Max
- 5.12%
- Q3
- 2.15%
- MRSH
- 1.80%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Aegon (AEG) at 61.52% and Marsh & McLennan (MRSH) at 44.14% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
AEG
Insurance industry group
61.52%
- Max
- 76.67%
- AEG
- 61.52%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
44.14%
- Max
- 76.67%
- MRSH
- 44.14%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AEG | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 4.96% | 1.80% |
| Dividend Payout Ratio (TTM) | 61.52% | 44.14% |
Valuation
P/E Ratio (TTM)
Aegon (AEG) at 12.03 is near its industry’s usual P/E ratio, while Marsh & McLennan (MRSH) at 24.50 sits in the richer quartile — MRSH needs stronger growth or earnings quality to justify the premium.
AEG
Insurance industry group
12.03
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- AEG
- 12.03
- Q1
- 9.08
- Min
- 2.32
MRSH
Insurance industry group
24.50
- Max
- 28.37
- MRSH
- 24.50
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Aegon (AEG) at 1.04 is priced about in line with its industry on P/S ratio, while Marsh & McLennan (MRSH) at 3.42 sits in the pricier quartile — MRSH costs more per dollar of sales.
AEG
Insurance industry group
1.04
- Max
- 4.03
- Q3
- 2.25
- Median
- 1.23
- AEG
- 1.04
- Q1
- 0.85
- Min
- 0.07
MRSH
Insurance industry group
3.42
- Max
- 4.03
- MRSH
- 3.42
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Aegon (AEG) at 1.23 sits near its industry’s typical P/B ratio, while Marsh & McLennan (MRSH) at 6.64 prices above its benchmark range — MRSH looks rich relative to book.
AEG
Insurance industry group
1.23
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- AEG
- 1.23
- Q1
- 1.23
- Min
- 0.30
MRSH
Insurance industry group
6.64
- MRSH
- 6.64
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AEG | MRSH |
|---|---|---|
| P/E Ratio (TTM) | 12.03 | 24.50 |
| P/S Ratio (TTM) | 1.04 | 3.42 |
| P/B Ratio (MRQ) | 1.23 | 6.64 |
| Free Cash Flow Yield (TTM) | -- | -- |