Recent Updates — MMC

Marsh & McLennan Companies issued €600 million of 4.250% Senior Notes due 2032 and €600 million of 4.625% Senior Notes due 2036, bringing the total debt issuance to €1.2 billion. The notes were sold pursuant to an underwriting agreement dated October 20, 2026, and officially issued on October 27, 2026, under the company's existing shelf registration statement. Marsh & McLennan is a global professional services firm providing risk management, strategy, and human capital consulting.

Marsh reported third-quarter results with consolidated revenue of $6.9 billion, an increase of 8% year-over-year or 5% on an underlying basis. Adjusted operating income rose 6% to $1.5 billion, while adjusted earnings per share increased 10% to $2.03 compared to the prior year period. GAAP diluted EPS was $1.69. The company also repurchased approximately 2.7 million shares for $500 million during the quarter and repaid $550 million of maturing Euro-denominated senior notes. Marsh operates as a global leader in risk, reinsurance and capital, people and investments, and management consulting.