Overview
- The company reported EPS of $1.85 on revenue of $6.351 billion, beating consensus estimates, with reported revenue up 11% and underlying growth at 4%.
- CEO John Doyle said U.S. and Canadian organic growth rose 3% as P&C pricing softened, noting Marsh’s Global Insurance Market Index declined 4% year over year.
- Management launched the 'Thrive' program targeting $400 million in efficiencies through process improvements, automation and AI, and outlined a broad rebranding to the Marsh name.
- The rebrand includes a NYSE ticker change to MRSH in January 2026 and plans for all business divisions to adopt the Marsh brand by 2027.
- KBW upgraded the stock to Market Perform with a reduced $191 price target and Wells Fargo kept Equal-Weight with a $212 target, while shares traded around $187.50 to $190 on Friday.