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Stock research / United States / MRSH · Insurance Agents, Brokers & Service · NYSE

Marsh & McLennan Companies, Inc. (MRSH)

Marsh advises companies on risk and on people. It does not carry the risk itself: it brokes insurance and reinsurance, and it consults. It advises clients in 130 countries and employs more than 95,000 people. It reports in two segments, Risk and Insurance Services, and Consulting.

Marsh & McLennan Companies, Inc.

Marsh advises companies on risk and on people. It does not carry the risk itself: it brokes insurance and reinsurance, and it consults. It advises clients in 130 countries and employs more than 95,000 people. It reports in two segments, Risk and Insurance Services, and Consulting.

The names changed in January 2026

Effective 14 January 2026 the company changed its brand from Marsh McLennan to Marsh, and renamed two of its businesses: the Marsh business became Marsh Risk, and Oliver Wyman Group became Marsh Management Consulting. Mercer and Guy Carpenter keep their existing brands through a transition period.

Risk and Insurance Services

The larger of the two segments, employing around 55,700 people worldwide. It holds two businesses, Marsh Risk and Guy Carpenter.

Marsh Risk is the insurance broking and risk advisory business, selling risk management, insurance broking, insurance programme management, risk consulting, analytical modelling and alternative risk financing to businesses, government bodies, professional service organisations and individuals in 130 countries. It employs about 52,000 people. The company describes it as the world's leading insurance broker and risk advisor.

Inside Marsh Risk the work splits by client type. Risk Management handles clients' worldwide risk issues and Specialty covers highly specialised industries and products. Corporate serves middle-market clients globally, and is also served through Marsh McLennan Agency, which sells business insurance, employee health and benefits, retirement and wealth management, and private client insurance to individuals and mid-market organisations; since its first acquisition in 2009 that agency has bought more than 135 agencies. Commercial & Consumer serves clients with less complex risks, and within it Victor Insurance Managers acts as underwriting manager for professional liability, catastrophe and other specialty insurance programmes worldwide.

Consulting

Health, wealth and career advice, solutions and products, alongside specialised management, strategic, economic and brand consulting. It is conducted through Mercer and through Marsh Management Consulting, the business formerly called Oliver Wyman Group.

From Marsh's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Marsh & McLennan Companies became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 15 October 2026
Revenue
$6.9 billion
+8.1% on the year · -7.3% on the quarter
Q4 FY2024Q3 FY2026
Net income
$808 million
+8.2% on the year · -36.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.69
+11.9% on the year · -35.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 9 February 2026
Revenue
$27.0 billion
+10.3% on the year
FY2018FY2025
Net income
$4.2 billion
+2.5% on the year
FY2018FY2025
Diluted EPS
$8.43
+3.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsMarsh & McLennan Companies (MRSH) reported revenue of $27.0 billion for fiscal 2025, the year ended 31 December 2025, up 10.3% on the year before. Net income was $4.2 billion and diluted earnings per share $8.43. Revenue was $24.5 billion in fiscal 2024, $22.7 billion in fiscal 2023, $20.7 billion in fiscal 2022 and $19.8 billion in fiscal 2021. Net income in the same years was $4.1 billion, $3.8 billion, $3.0 billion and $3.1 billion. Over the twelve months to 30 September 2026, Marsh & McLennan Companies reported revenue of $28.5 billion and net income of $4.0 billion. Revenue grew 9.4% a year, compounded, over the five years to fiscal 2025. Marsh & McLennan Companies declared $3.78 a share in dividends over the last four quarters and had 475 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Marsh & McLennan Companies was $97.3 billion, 24.5 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE27.1%
ROCE18.0%
Operating margin21.4%
Net margin14.2%
FCF margin14.6%
Interest cover6.3x
Debt to equity1.27x
Cash conversion1.11x
Share count, last 12 months-3.1%
Sales CAGR, 3 years9.2%
Profit CAGR, 3 years10.9%
EPS, TTM$8.36

At the close of 6 November 2026

Price$204.74
Market cap$97.3 billion
Stock P/E24.5x
Price to book6.5x
EV / EBITDA17.7x
Dividend yield1.8%
Market cap / sales3.4x
52-week high$210.42
52-week low$157.32
Price, 1 year15.9%
Price CAGR, 3 years1.7%
Price CAGR, 5 years4.9%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Marsh & McLennan Companies, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MRSHgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5,1375,5495,3794,7705,0225,9245,8765,3825,5546,4736,2215,6976,0677,0616,9746,3516,5957,5977,4046,863
Operating income9861,4451,3647916801,7261,4579961,1031,9251,6421,1081,1422,0051,8291,1701,2191,7541,8991,215
Operating margin19%26%25%17%14%29%25%19%20%30%26%19%19%28%26%18%18%23%26%18%
Interest expense109110114118127136146145151159156154231245243237235240250248
Pre-tax income9611,4241,3127336131,6641,3849301,0481,8711,5651,0351,0091,8271,6461,0101,0561,5811,7021,033
Tax rate16%24%25%25%23%25%24%21%27%24%27%27%21%23%25%25%21%25%24%21%
Net income8031,0719675464661,2351,0357307561,4001,1257477881,3811,2117478211,1461,266808
Net margin16%19%18%11%9%21%18%14%14%22%18%13%13%20%17%12%12%15%17%12%
Diluted EPS$1.57$2.10$1.91$1.08$0.93$2.47$2.07$1.47$1.52$2.82$2.27$1.51$1.59$2.79$2.45$1.51$1.68$2.36$2.63$1.69
Operating cash flow1,442-7021,2821,3831,502-8191,4841,8101,783-7811,2151,9121,956-6221,6712,0822,161-6881,5231,478
Capital expenditure13812211712810384.010111112087.080.073.076.055.059.072.010562.072.081.0
Free cash flow1,304-8241,1651,2551,399-9031,3831,6991,663-8681,1351,8391,880-6771,6122,0102,056-7501,4511,397
Buybacks4255006005003503003003002503003003000.03003004021,010755757504
Dividends paid276272275293298296295353354354352404403405405445444440438476
Shares outstanding504m502m499m497m495m495m494m493m492m493m492m491m491m493m492m490m485m482m478m475m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue13,21114,02414,95016,65217,22419,82020,72022,73624,45826,98128,459
Operating income2,4312,6552,7612,6773,0664,3124,2805,2825,8176,2236,087
Operating margin18.4%18.9%18.5%16.1%17.8%21.8%20.7%23.2%23.8%23.1%21.4%
Interest expense189237290524515444469578700960973
Pre-tax income2,4802,6432,2442,4392,7934,2084,0825,0265,4805,5395,372
Income tax6851,1335746667471,0349951,2241,3631,3051,249
Effective tax rate27.6%42.9%25.6%27.3%26.7%24.6%24.4%24.4%24.9%23.6%23.3%
Net income1,7681,4921,6501,7422,0163,1433,0503,7564,0604,1604,041
Net margin13.4%10.6%11.0%10.5%11.7%15.9%14.7%16.5%16.6%15.4%14.2%
Diluted EPS$3.38$2.87$3.23$3.41$3.94$6.13$6.04$7.53$8.18$8.43$8.36
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Risk and Insurance Services7,1437,6308,2289,59910,33712,08512,64514,08915,39517,26563.8%
Consultingn/an/an/an/an/an/an/a8,7099,1339,79436.2%
Consulting Segment6,1126,4446,7797,1436,9767,7898,139n/an/an/an/a
Risk and Insurance ServicesConsulting FY2023 to FY2025Consulting Segment FY2016 to FY2022
14.1FY201716.7FY201919.9FY202122.8FY202327.1FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2016 to FY2022

The operating profit each segment reports. Costs Marsh & McLennan Companies does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2016FY2017FY2018FY2019FY2020FY2021FY2022Margin
FY2022
Risk and Insurance Services1,5811,7311,8641,8332,3463,0803,08924.4%
Consulting Segment1,0381,1101,0991,2109941,5041,55319.1%
Risk and Insurance ServicesConsulting Segment
2,619FY20162,841FY20172,963FY20183,043FY20193,340FY20204,584FY20214,642FY2022

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2022Share of salesShare of profit
Risk and Insurance Services61%67%
Consulting Segment39%33%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States6,5736,8707,2197,8408,1689,34310,21510,92411,67113,34449.3%
Other1,2781,3781,2351,3851,3537,4017,4558,3199,2629,89936.6%
United Kingdom2,0192,1122,2432,6792,8183,1303,1143,5553,5953,81614.1%
Asia Pacific1,3631,5171,6162,0012,093n/an/an/an/an/an/a
Continental Europe2,0222,1972,6942,8372,881n/an/an/an/an/an/a
United StatesOtherUnited KingdomContinental Europe FY2016 to FY2020Asia Pacific FY2016 to FY2020
14.1FY201716.7FY201919.9FY202122.8FY202327.1FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Marsh & McLennan Companies: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow2,0071,8932,4282,3613,3823,5163,4654,2584,3025,2924,474
Capital expenditure253302314421348406470416316291320
Free cash flow1,7541,5912,1141,9403,0343,1102,9953,8423,9865,0014,154
Free cash flow margin13.3%11.3%14.1%11.7%17.6%15.7%14.5%16.9%16.3%18.5%14.6%
Cash from investing-1,056-956-1,089-4,395-793-1,164-850-1,417-8,821-845-1,016
Cash from financing-1,067-1,009-1,3104,331-925-1,297-1,046-1,1194,455-4,634-3,812
Depreciation and amortisation438481494647741747381370369361359
Share-based compensation109149193252290348367363368394418
Buybacks8009006754850.01,1591,9501,1509002,0123,026
Dividends paid6827408078909431,0261,1381,2981,5131,6991,798
Dividend per sharen/an/an/an/an/an/a$2.25$2.60$3.05$3.43n/a
Diluted shares, weighted524m519m511m511m512m513m505m499m496m494m479m
Shares outstanding at period end514m509m504m504m508m504m495m492m491m485m475m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity6,2727,4427,5847,9439,26011,22210,74912,37013,53515,31514,910
Short-term borrowingsn/an/a3141,21551717.0268n/a0.00.01,623
Debt4,4955,2255,82411,95611,31310,95011,49513,46319,94719,58718,910
Operating lease liabilitiesn/an/a0.01,9261,9241,8801,6671,6611,5901,5291,475
Other liabilities7,4237,7627,8568,31710,03519,94119,93520,53621,40922,27922,888
Total liabilities and equity18,19020,42921,57831,35733,04944,01044,11448,03056,48158,71059,806
Owned
Fixed assets725712701858856847871882859829815
Goodwill8,3699,0899,59914,67115,51716,31716,25117,23123,30624,33724,613
Intangible assets1,1261,2741,4372,7742,6992,8102,5372,6304,8204,7464,504
Trading assets89.081.0n/an/an/an/an/an/an/an/an/a
Cash and equivalents1,0261,2051,0661,1552,0891,7521,4423,3582,3982,6871,842
Receivables3,6434,1334,3175,2365,3265,5865,8526,4187,1567,6708,548
Other assets3,2123,9354,4586,6636,56216,69817,16117,51117,94218,44119,484
Total assets18,19020,42921,57831,35733,04944,01044,11448,03056,48158,71059,806
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a9.4%9.2%7.6%
Profit growth, compoundedn/a15.6%10.9%-2.1%
Return on equity, average25.8%28.8%29.2%27.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Marsh & McLennan Companies' revenue in fiscal 2025?

Marsh & McLennan Companies (MRSH) reported revenue of $27.0 billion for fiscal 2025, the year ended 31 December 2025, up 10.3% on the year before.

How much did Marsh & McLennan Companies earn in fiscal 2025?

Net income was $4.2 billion for fiscal 2025, and diluted earnings per share $8.43.

What is Marsh & McLennan Companies' P/E ratio?

At the close of 6 November 2026, Marsh & McLennan Companies traded at 24.5 times its earnings over the twelve months to 30 September 2026.

What is Marsh & McLennan Companies' market cap?

The market cap of Marsh & McLennan Companies was $97.3 billion at the close of 6 November 2026.

Does Marsh & McLennan Companies pay a dividend?

Yes. Marsh & McLennan Companies declared $3.78 a share in dividends over the four quarters to 30 September 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Marsh & McLennan Companies, Inc. MRSH$97.3 billion24.4927.1%21.4%7.6%1.271.8%
Arthur J. Gallagher & Co. AJG$72.2 billion43.067.1%13.1%25.6%0.541.0%
Aon plc AON$71.0 billion18.3438.9%26.3%3.8%2.610.9%
Willis Towers Watson plc WTW$30.3 billion20.0720.1%22.0%4.8%0.841.2%
Brown & Brown, Inc. BRO$23.6 billion22.829.7%n/a26.1%0.620.9%
Equitable Holdings, Inc. EQH$14.1 billion10.11n/a16.3%8.6%n/a2.2%
Erie Indemnity Co. ERIE$12.6 billion24.7822.6%17.9%2.0%n/a2.1%
Enact Holdings, Inc. ACT$6.3 billion9.6713.1%68.5%2.5%0.141.9%
Hagerty, Inc. HGTY$6.2 billionn/a23.4%4.5%-0.9%0.96n/a
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Corvel Corp. CRVL$4.2 billion34.9428.2%n/a8.3%n/an/a
Neptune Insurance Holdings Inc. NP$3.9 billion90.02n/a41.3%n/an/an/a
All 112 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.23 trillion14.3611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$353.2 billion22.5115.3%5.3%3.3%0.712.3%
Chubb Ltd. CB$139.6 billion12.7715.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$132.0 billion11.4833.7%16.0%7.7%0.246.1%
Marsh & McLennan Companies, Inc. MRSH$97.3 billion24.4927.1%21.4%7.6%1.271.8%
Elevance Health, Inc. ELV$92.0 billion18.1511.5%2.7%3.6%0.691.6%
Travelers Companies, Inc. TRV$81.0 billion10.3128.7%21.2%1.1%0.341.2%
Cigna Group CI$77.4 billion12.9613.8%3.4%6.8%0.722.1%
Manulife Financial Corporation MFC *$72.5 billion19.6611.1%n/an/a0.153.3%
Arthur J. Gallagher & Co. AJG$72.2 billion43.067.1%13.1%25.6%0.541.0%
Aon plc AON$71.0 billion18.3438.9%26.3%3.8%2.610.9%
Allstate Corp. ALL$63.4 billion5.7735.9%21.1%5.1%0.231.7%
Metlife Inc. MET$62.0 billion12.8023.1%8.2%14.8%0.642.4%
Aflac Inc. AFL$61.5 billion18.2412.0%25.9%-6.2%0.281.9%
Humana Inc. HUM$52.1 billion42.176.6%1.5%22.0%0.660.8%
Prudential Financial Inc. PRU$40.9 billion10.8613.1%7.8%6.5%0.674.7%
American International Group, Inc. AIG$40.3 billion12.668.5%14.5%1.2%0.222.4%
Sun Life Financial Inc. SLF *$39.6 billion16.2414.5%n/a8.0%0.333.7%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Centene Corp. CNC$34.5 billion23.886.6%0.5%9.7%0.70n/a
Everest Group, Ltd. EG$30.6 billion8.6913.3%13.9%-8.7%n/a1.9%
Willis Towers Watson plc WTW$30.3 billion20.0720.1%22.0%4.8%0.841.2%
Cincinnati Financial Corp. CINF$28.5 billion10.8816.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$27.9 billion15.9119.4%n/a1.5%n/a2.5%
Markel Group Inc. MKL$23.7 billion13.779.7%15.7%2.5%0.24n/a
Principal Financial Group Inc. PFG$23.6 billion12.3516.7%14.7%5.2%0.372.9%
Brown & Brown, Inc. BRO$23.6 billion22.829.7%n/a26.1%0.620.9%
Loews Corp. L$22.2 billion15.208.1%10.8%2.8%0.460.2%
Reinsurance Group of America Inc. RGA$17.0 billion10.1214.7%8.0%22.5%0.461.4%
Assurant, Inc. AIZ$15.1 billion14.4517.9%9.8%9.4%n/a1.1%
Corebridge Financial, Inc. CRBG$15.0 billion7.3132.7%16.6%13.3%0.832.9%
Globe Life Inc. GL$14.5 billion10.5317.9%23.3%5.6%0.450.8%
Renaissancere Holdings Ltd. RNR$14.2 billion9.7813.8%30.1%-20.9%0.210.5%
Equitable Holdings, Inc. EQH$14.1 billion10.11n/a16.3%8.6%n/a2.2%
CNA Financial Corp. CNA$12.8 billion12.4710.1%8.5%2.1%0.248.2%
American Financial Group Inc. AFG$12.8 billion12.6121.6%15.2%3.3%0.394.5%
Erie Indemnity Co. ERIE$12.6 billion24.7822.6%17.9%2.0%n/a2.1%
Unum Group UNM$11.9 billion54.432.3%2.4%-4.2%0.352.5%
Fidelity National Financial, Inc. FNF$11.7 billion11.2114.2%17.0%6.4%0.594.7%
Molina Healthcare, Inc. MOH$10.8 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$9.5 billion12.6638.5%5.4%54.8%0.19n/a
Old Republic International Corp. ORI$9.5 billion8.9218.8%13.8%12.5%n/a9.2%
Voya Financial, Inc. VOYA$8.9 billion15.9216.4%8.9%-0.3%0.551.9%
Primerica, Inc. PRI$8.9 billion11.4828.2%29.4%8.3%0.211.6%
Jackson Financial Inc. JXN$8.7 billion10.7310.4%56.7%34.1%0.332.7%
Kinsale Capital Group, Inc. KNSL$8.6 billion16.7227.4%33.7%8.3%0.120.2%
Hanover Insurance Group, Inc. THG$8.3 billion11.6121.8%15.2%5.0%0.25n/a
Axis Capital Holdings Ltd. AXS$7.6 billion8.0616.1%17.5%9.8%0.211.7%
Lincoln National Corp. LNC$7.6 billion2.4835.2%20.0%10.3%0.684.5%
First American Financial Corp. FAF$6.8 billion9.4413.6%11.9%14.1%n/a3.3%
Enact Holdings, Inc. ACT$6.3 billion9.6713.1%68.5%2.5%0.141.9%
RLI Corp. RLI$6.3 billion15.9323.3%25.8%4.6%0.183.9%
Hagerty, Inc. HGTY$6.2 billionn/a23.4%4.5%-0.9%0.96n/a
Selective Insurance Group Inc. SIGI$5.9 billion11.9514.8%11.9%4.0%0.261.7%
Mgic Investment Corp. MTG$5.8 billion8.8914.3%73.2%-2.2%n/a2.2%
Essent Group Ltd. ESNT$5.6 billion8.6712.2%59.2%9.6%n/a2.1%
White Mountains Insurance Group Ltd. WTM$5.4 billion5.9518.1%30.7%44.9%0.170.0%
CNO Financial Group, Inc. CNO$5.1 billion12.6618.0%14.8%2.3%0.581.2%
Radian Group Inc. RDN$4.7 billion8.8112.0%38.3%65.3%0.132.8%
Mercury General Corp. MCY$4.6 billion7.1222.9%12.9%5.4%0.201.5%
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Corvel Corp. CRVL$4.2 billion34.9428.2%n/a8.3%n/an/a
Palomar Holdings, Inc. PLMR$4.1 billion19.5122.0%22.8%58.5%0.30n/a
Neptune Insurance Holdings Inc. NP$3.9 billion90.02n/a41.3%n/an/an/a
Hamilton Insurance Group, Ltd. HG$3.6 billion7.0631.2%28.3%14.8%0.05n/a
Assured Guaranty Ltd. AGO$3.2 billion10.406.0%33.8%-4.2%0.322.0%
Genworth Financial Inc. GNW$3.2 billion67.000.6%3.3%-0.6%0.17n/a
Lemonade, Inc. LMND$3.1 billionn/a-30.6%-12.6%69.5%n/an/a
F&G Annuities & Life, Inc. FG$3.1 billion3.1023.8%n/a-0.4%0.514.3%
Slide Insurance Holdings, Inc. SLDE$3.0 billion5.8944.8%50.4%n/a0.02n/a
SiriusPoint Ltd. SPNT$3.0 billion6.4022.5%17.6%18.1%0.30n/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
NMI Holdings, Inc. NMIH$2.9 billion7.6614.5%68.1%6.9%n/an/a
Skyward Specialty Insurance Group, Inc. SKWD$2.7 billion14.0715.0%13.5%35.3%0.33n/a
Porch Group, Inc. PRCH$2.6 billion246.38127.2%7.7%23.4%53.60n/a
Clover Health Investments, Corp. CLOV$2.6 billion483.003.2%0.5%54.5%0.00n/a
Brighthouse Financial, Inc. BHF$2.5 billion4.3713.6%14.0%-9.4%0.63n/a
HCI Group, Inc. HCI$2.3 billion7.5229.3%49.6%20.1%0.030.9%
Horace Mann Educators Corp. HMN$2.2 billion12.4112.5%12.5%4.2%0.422.7%
Goosehead Insurance, Inc. GSHD$2.0 billion40.58n/a23.3%17.7%n/an/a
Kemper Corp. KMPR$2.0 billionn/a-22.6%n/a-4.5%0.433.8%
Trupanion, Inc. TRUP$1.6 billion60.316.7%1.8%11.4%0.26n/a
Alignment Healthcare, Inc. ALHC$1.5 billion56.3810.4%0.9%35.9%1.17n/a
Safety Insurance Group Inc. SAFT$1.5 billion21.828.2%7.0%4.6%0.063.5%
Twfg, Inc. TWFG$1.5 billion47.5117.4%17.3%36.2%0.05n/a
Stewart Information Services Corp. STC$1.4 billion11.777.2%5.2%20.5%0.394.5%
Universal Insurance Holdings, Inc. UVE$1.3 billion5.8336.0%19.0%5.5%0.151.3%
United Fire Group Inc. UFCS$1.2 billion9.1014.6%11.5%11.6%0.161.6%
Ategrity Specialty Insurance Co. Holdings ASIC$1.2 billion12.1715.0%24.4%n/an/a0.0%
Bowhead Specialty Holdings Inc. BOW$1.1 billion19.1513.3%11.7%23.8%0.33n/a
Heritage Insurance Holdings, Inc. HRTG$983 million4.6736.1%34.1%2.3%0.12n/a
Hippo Holdings Inc. HIPO$929 million28.826.8%6.2%20.6%n/an/a
Employers Holdings, Inc. EIG$832 million25.993.5%4.1%-13.0%0.162.8%
Donegal Group Inc. DGICA$701 million10.0210.5%8.9%-3.4%n/a4.0%
Root, Inc. ROOT$659 million9.1324.8%6.7%7.9%0.60n/a
Ethos Technologies Inc. LIFE$558 millionn/a-23.0%-16.1%n/an/an/a
Crawford & Co. CRD-A$554 million21.9414.1%3.9%-3.6%0.81n/a
American Integrity Insurance Group, Inc. AII$528 million5.9923.8%36.2%29.3%0.00n/a
Greenlight Capital RE, Ltd. GLRE$522 million9.458.4%8.8%3.7%0.01n/a
Investors Title Co. ITIC$483 million11.9814.1%17.7%8.7%n/a4.1%
American Coastal Insurance Corp. ACIC$475 million5.7424.5%37.7%-5.3%0.427.5%
Amerisafe Inc. AMSF$363 million9.1017.0%15.0%7.7%n/a8.3%
NI Holdings, Inc. NODK$311 million21.266.1%7.7%-12.9%0.01n/a
Kingstone Companies, Inc. KINS$296 million7.1230.7%21.2%24.5%0.030.8%
Mbia Inc. MBI$235 millionn/an/a-155.2%18.0%n/an/a
Kingsway Corp. KWY$230 millionn/a-79.5%0.7%23.6%5.13n/a
Octave Specialty Group Inc. OSG$226 millionn/a-23.0%-24.3%26.8%0.22n/a
Citizens, Inc. CIA$208 million25.694.0%3.8%4.1%n/an/a
James River Group Holdings, Inc. JRVR$180 million10.145.8%3.8%-1.8%n/a1.0%
Roadzen Inc. RDZN$100 millionn/an/a-21.6%30.5%n/an/a
Ryan Specialty Holdings, Inc. RYANn/an/a23.4%15.6%9.8%8.231.1%
18 companies share its SEC industry code (Insurance Agents, Brokers & Service); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on MRSH

Dividends$3.78 a share over the four quarters to 30 September 2026, a 1.85% yield
Filings23 in twelve months: 12 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 other events; 1 material agreement; 1 termination of a material agreement
Planned insider sales14 Form 144 notices in twelve months, $20.1 million; latest 5 November 2026
Options tapeput/call 1.0 by open interest at the 6 November 2026 close; the straddle prices a 5.1% move to 20 November 2026
13F holders1,510 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading13 sales and 0 purchases on Form 4 in twelve months
Congress6 House trades disclosed in six months
Short interest6.8 million shares short, 2.43 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202615 October 2026EDGAR
10-Q30 June 202621 July 2026EDGAR
10-Q31 March 202616 April 2026EDGAR
10-K31 December 20259 February 2026EDGAR
10-Q30 September 202516 October 2025EDGAR
10-Q30 June 202517 July 2025EDGAR
10-Q31 March 202517 April 2025EDGAR
10-K31 December 202410 February 2025EDGAR
10-Q30 September 202417 October 2024EDGAR
10-Q30 June 202418 July 2024EDGAR

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