TacticScaleWhat Marsh & McLennan Companies Does & How It Makes Money (MRSH)
Updated October 2026 · reflects Marsh & McLennan Companies's latest reported financials
Global insurance broker and professional advisory services firm. It earns fees and commissions by brokering insurance and reinsurance and by providing risk management, actuarial and analytics services.
How Marsh & McLennan Companies makes money
It earns fees and commissions by brokering insurance and reinsurance and by providing risk management, actuarial and analytics services. It also charges consulting fees for health, wealth, career and management advice and solutions.
What Marsh & McLennan Companies does
Marsh & McLennan Companies, founded in 1871 and headquartered in New York, is a global professional services firm focused on risk, strategy and people. It operates through two segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides insurance and reinsurance broking, insurance program management, risk consulting, analytical modeling, alternative risk financing, strategic advisory and actuarial services. Its clients include businesses, public entities, insurers, associations, professional services organizations and private clients. The Consulting segment provides health, wealth and career advice, solutions and products, along with specialized management, strategic, economic and brand consulting.
Products & services
- Insurance broking
- Reinsurance broking
- Risk management and risk consulting
- Insurance program management and alternative risk financing
- Health, wealth and career consulting
- Management, strategic, economic and brand consulting
What is Marsh & McLennan Companies worth?
On an owner-earnings DCF, Marsh & McLennan Companies's most-likely value is about $318 versus a recent price near $176 (81% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$130) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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