Marsh beats Q3 earnings consensus, reinsurance revenue drops 6%
By Scott Vincent Oct 15 (The Insurer) — Marsh reported third-quarter adjusted earnings per share of $2.03 on Thursday, a 10% year-on-year increase and ahead of analysts’ consensus estimate of $1.97. At group level, total revenue rose 8% year on year to $6.9 billion. Underlying revenue grew 5% during the quarter, which reflected underlying growth of 3% in the Risk & Insurance Services division and 8% in consulting. Within Risk & Insurance Services, Marsh Risk reported 5% underlying growth for the quarter, with revenue rising to $4.2 billion. Marsh Risk reported underlying growth of 4% in the US and Canada, with international reporting underlying growth of 6%. Revenue at Marsh Re, formerly Guy Carpenter, declined 6% on both a GAAP and underlying basis during Q3. Reinsurance revenue totalled $374 million for the three-month period, compared with $398 million in the third quarter of 2025. At group level, Marsh reported an adjusted operating margin of 22.7% for the quarter, in line with the third quarter of 2025.
By Scott Vincent Oct 15 (The Insurer) — Marsh reported third-quarter adjusted earnings per share of $2.03 on Thursday, a 10% year-on-year increase and ahead of analysts’ consensus estimate of $1.97. At group level, total revenue rose 8% year on year to $6.9 billion. Underlying revenue grew 5% during the quarter, which reflected underlying growth of 3% in the Risk & Insurance Services division and 8% in consulting. Within Risk & Insurance Services, Marsh Risk reported 5% underlying growth for the quarter, with revenue rising to $4.2 billion.
Marsh Risk reported underlying growth of 4% in the US and Canada, with international reporting underlying growth of 6%. Revenue at Marsh Re, formerly Guy Carpenter, declined 6% on both a GAAP and underlying basis during Q3. Reinsurance revenue totalled $374 million for the three-month period, compared with $398 million in the third quarter of 2025. At group level, Marsh reported an adjusted operating margin of 22.7% for the quarter, in line with the third quarter of 2025.