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MARSH & MCLENNAN COMPANIES, INC.

LISTEDNYSE

SYMBOLMRSH

SIC6411

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK62709

INSURANCE AGENTS, BROKERS & SERVICE · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	19,587	56.1
Stockholders' equity	15,315	43.9
Total capitalization	34,902	100.0

477,211,268 shares outstanding at 16 July 2026 (cover page of the 10-Q filed 21 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	19,587
Long-term debt, noncurrent	18,320
Current maturities	1,267
Short-term borrowings / commercial paper	0

CAPITAL STOCK 12/31/25

Common shares authorized	1,600,000,000
Common shares issued	560,641,640
Treasury shares	75,783,063
Par or stated value per share ($)	1
Preferred stock ($ millions)	0
Outstanding at 7/16/26	477,211,268

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	3.43	40.7
2024	3.05	37.3
2023	2.60	34.5
2022	2.25	37.3
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware.

BUSINESS: Classified by the SEC under Standard Industrial Classification 6411, Insurance Agents, Brokers & Service. Large accelerated filer. Principal executive office: 1166 Avenue Of The Americas, New York, NY 10036. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total revenues	26,981	24,458	22,736
Income before income taxes	5,539	5,480	5,026
Income taxes	1,305	1,363	1,224
Net income	4,160	4,060	3,756
Earned per share, diluted ($)	8.43	8.18	7.53
Dividends per share ($)	3.43	3.05	2.60

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	2,687	2,398
Total assets	58,710	56,481
Debt	19,587	19,947

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Total assets	Total liabilities	Total debt	Deposits	Stockholders' equity	ROE %	Debt / equity
12/31/25	26,981	6,223	4,160	15.4	8.43	3.43	5,292	58,710	43,395d	19,587	–	15,315	27.2	1.28
12/31/24	24,458	5,817	4,060	16.6	8.18	3.05	4,302	56,481	42,946d	19,947	–	13,535	30.0	1.47
12/31/23	22,736	5,282	3,756	16.5	7.53	2.60	4,258	48,030	35,660d	13,463	–	12,370	30.4	1.09
12/31/22	20,720	4,280	3,050	14.7	6.04	2.25	3,465	44,114	33,365d	11,763	–	10,749	28.4	1.09
12/31/21	19,820	4,312	3,143	15.9	6.13	–	3,516	44,010	32,788d	10,967	–	11,222	28.0	0.98
12/31/20	17,224	3,066	2,016	11.7	3.94	–	3,382	33,049	23,789d	11,830	–	9,260	21.8	1.28
12/31/19	16,652	2,677	1,742	10.5	3.41	–	2,361	31,357	23,414d	13,171	–	7,943	21.9	1.66
12/31/18	14,950	2,761	1,650	11.0	3.23	–	2,428	21,578	13,994d	6,138	–	7,584	21.8	0.81
12/31/17	14,024	2,655	1,492	10.6	2.87	–	1,893	20,429	12,987d	5,487	–	7,442	20.0	0.74
12/31/16	13,211	2,431	1,768	13.4	3.38	–	2,007	18,190	11,918d	4,807	–	6,272	28.2	0.77

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

MARSH & MCLENNAN COMPANIES, INC.
CIK 62709 · EIN 36-2668272

PRINCIPAL OFFICE:

1166 Avenue Of The Americas, New York, NY 10036
Tel.: 2123455000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6411 · Insurance Agents, Brokers & Service

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 9 February 2026

FORMER NAMES:

MARSH & MCLENNAN COMPANIES INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/21/26	10-Q	period 6/30/26
7/21/26	8-K	period 7/21/26
6/4/26	8-K	period 6/2/26
5/22/26	8-K	period 5/21/26
4/16/26	10-Q	period 3/31/26
4/16/26	8-K	period 4/16/26
4/14/26	8-K	period 4/8/26
3/31/26	DEF 14A	period 5/21/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/9/26) · 10-K FY2024 (filed 2/10/25) · 10-K FY2023 (filed 2/12/24) · 10-K FY2022 (filed 2/13/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/17/21) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.