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HomeStock MarketMarsh & McLennan Companies, Inc. (MMC) Q3 2025 Earnings Call Transcript

Marsh & McLennan Companies, Inc. (MMC) Q3 2025 Earnings Call Transcript

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q3 2025 Earnings Call October 16, 2025 8:00 AM EDT

Company Participants

John Doyle – President, CEO & Director
Mark McGivney – Senior VP & CFO
Nicholas Studer – Vice Chair
Martin South – Vice Chair

Conference Call Participants

Charles Peters – Raymond James & Associates, Inc., Research Division
Michael Zaremski – BMO Capital Markets Equity Research
Jamminder Bhullar – JPMorgan Chase & Co, Research Division
David Motemaden – Evercore ISI Institutional Equities, Research Division
Robert Cox – Goldman Sachs Group, Inc., Research Division
Brian Meredith – UBS Investment Bank, Research Division
Elyse Greenspan – Wells Fargo Securities, LLC, Research Division
Taylor Scott – Barclays Bank PLC, Research Division

Presentation

Operator

Hello, and welcome to Marsh & McLennan’s earnings conference call. Today’s call is being recorded. Third quarter 2025 financial results and supplemental information were issued earlier this morning. They are available on the company’s website at marshmcLennan.com.

Please note that remarks made today may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties and a variety of factors may cause actual results to differ materially from those contemplated by such statements. For a more detailed discussion of those factors, please refer to our earnings release for this quarter and to our most recent SEC filings, including our most recent Form 10-K, all of which are available on the Marsh & McLennan website.

During the call today, we may also discuss certain non-GAAP financial measures. For a reconciliation of these measures to the most closely comparable GAAP measures, please refer to the schedule in today’s earnings release. [Operator Instructions]

I’ll now turn this over to John Doyle, President and CEO of Marsh & McLennan.

John Doyle
President, CEO & Director

Thanks, Andrew. Good morning and thank you for joining us to discuss our third quarter results reported earlier today. I’m John Doyle, President and


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