Marsh & McLennan: Insurance Premium Growth Ahead

Lighting Rock Research
2.13K Followers

Summary

  • Marsh & McLennan delivered strong Q1 FY24 results, with 9% organic revenue growth and 14% adjusted EPS growth.
  • The company's strategic focus on high-growth areas such as digital, climate resilience, sustainability, cyber, and affordable healthcare is driving its growth momentum.
  • MMC is expected to continue benefiting from insurance premium growth and achieve strong margin expansion in FY24.

Marsh & McLennan office building in Toronto.

JHVEPhoto

I published my 'Buy' thesis on Marsh & McLennan (NYSE:MMC) in February 2024, highlighted the growth opportunity of revenue shift towards higher growth areas including digital, climate resilience, sustainability, cyber, and affordable healthcare etc. On April 18th, the company delivered a strong growth in

This article was written by

2.13K Followers
I am a growth-oriented investor, conducting fundamental research. Long-term focus, independent thinking. I prefer companies with deep moats and high recurring sales growth.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MMC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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